Cannabis Extract Machine Market size is estimated to be USD 300 Million in 2024 and is expected to reach USD 1.2 Billion by 2033 at a CAGR of 16.7% from 2026 to 2033.
The global Cannabis Extract Machine Market was valued at approximately USD 1.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. North America held the largest market share in 2022, accounting for around 40% of the total market size, driven by increasing cannabis legalization and the growing demand for cannabis extracts. The U.S. dominated the regional market, followed by Canada, where medical cannabis regulations are robust. Europe is expected to witness the highest growth rate, with a CAGR of 18.5%, fueled by rising adoption in the medical and recreational cannabis sectors, particularly in countries such as Germany and the U.K. Additionally, the Asia Pacific region is emerging as a significant market, with steady expansion in countries like Japan and South Korea, projected to grow at a CAGR of 14.1% during the forecast period due to growing awareness of cannabis benefits and shifting regulatory landscapes.
Opportunities in the Cannabis Extract Machine Market are abundant as the adoption of advanced extraction technologies such as CO2 extraction and solventless methods continues to rise across key regions. The increasing need for high quality cannabis extracts in both the medical and recreational markets creates substantial demand for efficient and scalable extraction machines. As regulations continue to ease in various regions, the market is expected to benefit from favorable government policies, encouraging investments in research and development of innovative extraction technologies. Furthermore, the expansion of the cannabis industry in Latin America and the Middle East presents new opportunities for market players to penetrate untapped markets, further fueling the growth trajectory of the cannabis extract machine market.
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Precision
Capna Systems
Eden Labs
Apeks Supercritical
extraktLAB
Cedarstone Industry
MediPharm Lab
Integrated Extraction
Dragonfly Technologies
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. 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 Global Cannabis Extract Machine Market
Solvent Extraction
CO2 Extraction
Cold Press Extraction
Steam Distillation
Others
Oil Extracts
Waxes
Resins
Powders
Cannabinoid Isolates
Medical
Recreational
Culinary
Cosmetic
Industrial
Industrial Manufacturers
Pharmaceutical Companies
Cosmetics Brands
Food and Beverage Companies
Research Institutions
Marijuana
Hemp
Hybrid Strains
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cannabis Extract Machine 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. Global Cannabis Extract Machine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cannabis Extract Machine Market, By Type
6. Global Cannabis Extract Machine Market, By Application
7. Global Cannabis Extract Machine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cannabis Extract Machine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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