Japan Biosynthesis of Cannabinoids Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 15.2% from 2024 to 2030.
The Japan biosynthesis of cannabinoids market is a rapidly growing sector with immense potential across various industries. This innovative process of producing cannabinoids using biological systems such as bacteria, yeast, and algae is revolutionizing the way cannabis-based products are made, offering a sustainable and efficient alternative to traditional plant-based extraction methods. As the demand for cannabis-related products continues to rise in Japan, industries are increasingly turning to biosynthesis as a viable and cost-effective solution. The market is witnessing significant advancements in the development of biosynthetic techniques, which are poised to shape the future of the cannabinoid industry in the region.
The primary driver behind the demand for biosynthesized cannabinoids is the growing interest in therapeutic cannabis products. Japan’s pharmaceutical and healthcare industries are increasingly incorporating cannabinoids into medical treatments, as these compounds are known for their potential to address a wide range of conditions, from chronic pain to anxiety and epilepsy. Biosynthesis allows for the production of cannabinoids without relying on the cultivation of cannabis plants, reducing the environmental impact and making the process more scalable. Moreover, the precise control offered by biosynthetic methods ensures that the products meet the stringent quality and consistency standards required in the medical field.
Another key factor fueling the biosynthesis of cannabinoids market in Japan is the rising popularity of cannabis-infused wellness products. With the wellness and beauty industries rapidly adopting cannabinoids for their potential anti-inflammatory and skin care benefits, biosynthesized cannabinoids are meeting the increasing consumer demand for clean, sustainable, and safe ingredients. Industries are also embracing the cost-effectiveness and scalability of biosynthesis to create products at scale without the limitations posed by traditional cannabis cultivation.
In addition to the pharmaceutical and wellness sectors, the food and beverage industry in Japan is also tapping into the potential of biosynthesized cannabinoids. Cannabis-infused food products, such as beverages, gummies, and oils, are gaining popularity among consumers seeking a natural and holistic approach to wellness. As regulatory frameworks evolve to accommodate these products, biosynthesis offers the perfect solution to meet the growing need for cannabis-derived ingredients in the food industry.
Overall, the biosynthesis of cannabinoids market in Japan is poised for substantial growth as industries across the board continue to explore and adopt this cutting-edge technology. The demand for sustainable, high-quality, and cost-effective cannabinoid products is on the rise, and biosynthesis is set to play a crucial role in meeting these evolving needs.
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Anandia Laboratories
Gingko Bioworks
Hyasynth Bio
InMed Pharmaceuticals
Librede
Renew Biopharma
Cronos Group
Organigram
Teewinot Life Sciences
ICC International Cannabis Corp.
Biotii Technologies Corp.
Bristol-Myers Squibb
Biogen Inc.
GW Pharmaceuticals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Biosynthesis of Cannabinoids Market
Phytocannabinoids
Synthetic Cannabinoids
Endocannabinoid System Modulators
Other Cannabinoids
Cannabis Sativa
Cannabis Indica
Hemp-Derived Cannabinoids
Other Plant Sources
Pharmaceuticals
Food and Beverages
Cosmetics and Personal Care
Healthcare Products
Aromatherapy and Wellness
Pharmaceutical Companies
Food Manufacturers
Cosmetics Companies
Research Institutions
Retailers and Dispensaries
Oils and Tinctures
Edibles (Gummies, Chocolates, Beverages)
Capsules and Tablets
Topical Applications (Creams, Lotions)
Vaping Products
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Biosynthesis of Cannabinoids Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Biosynthesis of Cannabinoids Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Biosynthesis of Cannabinoids Market, By Type
6. Japan Biosynthesis of Cannabinoids Market, By Application
7. Japan Biosynthesis of Cannabinoids Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Biosynthesis of Cannabinoids Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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