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GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Cannabis Extraction & Analytical Testing Market by Equipment Type (Cannabis Extraction Equipment, Cannabis Analytical Testing Equipment) Market by Service (Cannabis Extraction Service, Cannabis Analytical Testing Service, Cannabis Regulatory and Compliance Service) Market by Extraction Method (CO2-based Extraction, Alcohol/ethanol-based Extraction, Hydrocarbon-based Extraction, Vegetable Oil-based Extraction, Solventless Extraction, Other Extraction Methods) by Geography

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MARKET OVERVIEW

The global cannabis extraction & analytical testing market was valued at $3355.57 million in 2022 and is expected to reach $14432.82 million by 2032, growing at a CAGR of 15.77% during the forecast period.

Cannabis extraction is the method used to obtain essential oils, which contain vitamins, terpenes, cannabinoids, and other antioxidants, from cannabis biomass or plant material. Solvents like propane, butane, ethanol, and/or supercritical carbon dioxide are frequently used in extraction techniques to extract the desired components from the plant material. Cannabis contains a variety of pharmacologically potent chemicals, making the development of efficient techniques for extracting and isolating these active ingredients increasingly crucial, particularly in light of the plant’s growing medicinal applications in recent years.

Cannabis Extraction & Analytical Testing Market

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GROWTH ENABLERS

Key growth enablers of the global cannabis extraction & analytical testing market: 

  • Legislative shift among countries and legalization of cannabis
    • The increasing legalization of cannabis for both medical and recreational purposes in different areas is a significant factor propelling the market for cannabis extraction. 
    • These changes in the law have also increased consumer access to cannabis goods, including extracts, and created new market avenues.
    • Of the 50 states in the United States, 33 states permit the use of the medication for medical purposes. Since then, the legalization of cannabis for recreational use has been approved by eight more states, in addition to Washington, DC, and penalties are being loosened in other places, as well.
    • Governments are also establishing efforts to provide growers access to the potentially profitable medical cannabis markets that are emerging globally.
  • Growing cannabis health and wellness trends among consumers
  • High-profile celebrity and brand endorsements 
  • Surge in medical use of cannabis

GROWTH RESTRAINTS

Key growth restraining factors of the global cannabis extraction & analytical testing market:

  • Regulatory hurdles 
  • Difficulties in quality control and standardization
  • Expensive production equipment costs and efficiencies
    • With the correct tools, extracting on a small scale is relatively simple; carbon dioxide and other solvent extraction techniques, however, have a low extraction efficiency. 
    • The cost of buying all the necessary hazardous components rises with the size of the manufacturing. This comprises fuel for generators, cooling liquids for refrigeration, butane, propane, carbon dioxide, and ethanol. 
    • Since workers must watch over the process, methods needing these components frequently call for pausing and restarting the flow, which further necessitates time and skilled labor. 
    • Therefore, it can be difficult for cannabis extraction enterprises to raise funding because of the industry’s persistent stigma.

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KEY MARKET TRENDS

Global Cannabis Extraction & Analytical Testing Market | Top Trends

  • The market for edibles is one of the cannabis industry’s fastest-growing categories because users are choosing more discreet, easy-to-use, and smokeless methods of ingestion. Recently, Curaleaf unveiled its JAMS (4) edible product line, manufactured using food-grade, all-natural nano-emulsification technology called liposomal technology. The product also has an enhanced bioavailability and is recommended for cannabis users who are new to edibles. Moreover, it is available in a variety of dosage levels.
  • Effective chemicals for anti-inflammatory therapy have been found in the cannabis plant. Research indicates that in order to improve cannabis usage in the future, full-spectrum cannabis extracts must be developed, transformed, and formulated into active plant ingredients to achieve higher efficacy. Additionally, cannabis components can be combined with other pharmaceutical drugs to reduce inflammation.
  • As legal access has expanded across the globe, the industry has seen a significant amount of innovation, with brands introducing cannabis products in every conceivable form factor. One form factor that has generated huge interest since legalization is the beverage category. Drinks (ready-to-drink products, such as soda or lemonade) dominate the cannabis beverage subcategory, as well as powdered mixes and shots, which hold a significant share of beverage sales across all markets.

MARKET SEGMENTATION

Market Segmentation – Equipment Type, Service, and Extraction Method –

Market by Equipment Type:

  • Cannabis Extraction Equipment
  • Cannabis Analytical Testing Equipment
    • The cannabis analytical testing equipment segment, under the equipment type category, is set to grow with the highest CAGR during the forecast period. 
    • Residual solvents, cannabinoids, terpenes, pesticides, and other substances are tested analytically while analyzing cannabis and cannabis-infused goods. The adoption of these regulations has led to a demand for analytical methods that can successfully satisfy high standards.
    • Moreover, the segment’s notable growth is primarily accredited to the rise in demand and evolving technologies. 
    • To strengthen their position in the market, a number of important businesses are encouraging innovation, introducing new products and services, and even exploring unexplored opportunities. Furthermore, numerous significant companies are expanding their product offerings and capitalizing on their market positions, as well.

Market by Service:

  • Cannabis Extraction Service
  • Cannabis Analytical Testing Service
  • Cannabis Regulatory and Compliance Service

Market by Extraction Method:

  • Co2-Based Extraction
  • Alcohol/Ethanol-based Extraction
  • Hydrocarbon-Based Extraction
  • Vegetable Oil-Based Extraction
  • Solventless Extraction
    • Solventless extraction captured the highest revenue share in 2022. 
    • Solventless extraction refers to the extraction of cannabis extracts without the use of volatile solvents in the cannabis industry. It entails items like rosin, bubble hash, and pressed kief.
    • Concentrates, vape pens, and edibles are among the ways that solventless extract has entered the market and is still growing. Customers are inclined toward the distinct flavor profile that solventless concentrates offer.
    • However, the development of this kind of technique involves more art than science and is challenging to scale. Furthermore, this technique does not have access to any typical large-scale equipment options. 
    • Solventless extraction techniques are also anticipated to gain popularity as the market for higher-quality, healthier cannabis extracts expands. 
  • Other Extraction Methods

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
    • Europe is expected to be the fastest-growing region in the global cannabis extraction & analytical testing market.
    • European countries now have access to reliable supplies of cannabis-based medicines for patients, owing to the development of the establishment of pharmaceutical and medical-grade cannabis extraction facilities across the region. Moreover, it has made patient access to a consistent supply of cannabis-based medications possible.
    • With 26 European countries anticipated to have medical cannabis programs in place by the end of 2022, the region is now experiencing a surge in the legalization of cannabis for medical purposes. 
    • Medical marijuana has become more legal, and more people are receiving treatment because medical cannabis oils are easier to dose, standardize, and ingest than cannabis extracts.
    • Following government reforms, Celadon Pharmaceuticals became the first UK-based medical cannabis company to obtain a license from the Home Office, enabling it to sell its products in the United Kingdom. This milestone was achieved in March 2023, owing to industry-opening reforms initiated in 2018. The United Kingdom Medicines and Healthcare Products Regulatory Agency (MHRA) has also registered the company for Good Manufacturing Practice (GMP) manufacturing.
    • In 2021, in an attempt to upend conventions and win over millennial consumers, Burdi W brand creator Raphael De Pablo introduced France’s first locally sourced ‘petit verdot’ varietal in the heart of the Bordeaux wine-growing region. Typically, this varietal is reserved for premium wines infused with a cannabis extract.
    • However, extractors may find it challenging to supply demand throughout the European region due to the inconsistent CBD laws across different countries. Because of this, various companies and extractors would rather supply commodities to a select group of countries and within their own nation of commercial comfort.  
  • Asia-Pacific: China, Japan, India, South Korea, Thailand, Malaysia, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Major players in the global cannabis extraction & analytical testing market:

  • Canopy Growth Corporation 
  • Colorado Cannabis Company 
  • Luna Technologies 
  • Shimadzu Corp 

Key strategies adopted by some of these companies:

  • In April 2022, MediPharm Labs Corp expanded its line of adult-use wellness products by introducing water-soluble products and CBG. These new products will be available in Ontario, both online at OCS.ca and in physical stores. Subsequently, MediPharm will distribute the goods to the other seven provincial distributors of the business.
  • In order to supply integrated logistics services for cannabis goods bearing the Valens brand throughout Ontario, Alberta, and British Columbia, the Valens Company Inc and Coldhaus Distribution agreed to an exclusive cannabis agreement in June 2022.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedEquipment Type, Service, and Extraction Method
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

Colorado Cannabis Company, Decibel Cannabis Co Inc, Indiva, MediPharm Labs Corp, The Valens Co Inc, Aptia Engineering, Deutsche Process, Craft Cannabis, Ecodyst, Eden Labs LLC, ExtraktLAB, Gibraltar Industries, Luna Technologies, Root Sciences, TruSteel LLC, Agilent Technologies Inc, GemmaCert, Orange Photonics Inc, Sage Analytics, Strain Genie Inc, Eybna Technologies Ltd, Mile High Labs, UL LLC, XS Financial Inc, Eurofins Scientific, Merck KGaA, PerkinElmer Inc, SCIEX, SGS SA, Shimadzu Corp, Thermo Fisher Scientific Corp, Waters Corp, AbsoluteXtracts, Aurora Cannabis Inc, Canopy Growth Corporation, Concentrate Supply Co, Craft Cannabis Co, Evolab, Kurvana

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
    5. MAJOR MARKET FINDINGS
      1. RISE IN ADOPTION OF GREEN AND SUSTAINABLE PRACTICES FOR CANNABIS EXTRACTION
      2. INCREASED DEMAND FOR THC-FREE PRODUCTS 
      3. GROWING POPULARITY OF CANNABIS STRAIN AND TERPENE PROFILING
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. LEGISLATIVE SHIFT AMONG COUNTRIES AND LEGALISATION OF CANNABIS
      2. GROWING CANNABIS HEALTH AND WELLNESS TRENDS AMONG CONSUMERS
      3. HIGH-PROFILE CELEBRITY AND BRAND ENDORSEMENTS 
      4. SURGE IN MEDICAL USE OF CANNABIS
    2. KEY RESTRAINTS
      1. REGULATORY HURDLES 
      2. DIFFICULTIES IN QUALITY CONTROL AND STANDARDIZATION
      3. EXPENSIVE PRODUCTION EQUIPMENT COSTS AND EFFICIENCIES
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
      1. INTRODUCTION TO CANNABIS MARKET
      2. TYPES OF CANNABIS EXTRACTS
      3. APPLICATION OF CANNABIS
        1. MEDICAL & PHARMACEUTICAL PRODUCTS
        2. WELLNESS
        3. ADULT-USE
      4. INVESTMENT IN CANNABIS INDUSTRY
    2. CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET INTRODUCTION
    3. DIFFERENT STAGES OF CANNABIS EXTRACTION
      1. GRINDING
      2. EXTRACTION
      3. WINTERISATION
      4. DECARBOXYLATION
      5. DISTILLATION
      6. ISOLATION
    4. EQUIPMENT USED IN CANNABIS EXTRACTION PROCESS
      1. INLINE CHILLER
      2. CENTRIFUGE UTILITY PLATFORM (CUP)
      3. PARTICULATE FILTER
      4. FALLING FILM EVAPORATOR (FFE)
      5. DECARBOXYLATION VESSEL
      6. ROLLED FILM SHORT PATH DISTILLATION (RFD)
    5. KEY MARKET TRENDS
      1. EDIBLES INNOVATIONS MAKING WAVES IN THE MARKET
      2. THE EMERGENCE OF ANTI-INFLAMMATORY MEDICINES 
      3. CANNABIS BEVERAGES GAINING TRACTION ACROSS SATURATED & EMERGING MARKETS
      4. ANALYTICAL CHARACTERIZATION OF CANNABIS STRAIN THROUGH CANNABIS FINGERPRINTING
    6. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    7. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
      2. GROWTH PROSPECT MAPPING FOR UNITED KINGDOM
      3. GROWTH PROSPECT MAPPING FOR AUSTRALIA & NEW ZEALAND
      4. GROWTH PROSPECT MAPPING FOR ISRAEL
    8. MARKET MATURITY ANALYSIS
    9. MARKET CONCENTRATION ANALYSIS
    10. VALUE CHAIN ANALYSIS
      1. RESEARCH & DEVELOPMENT
      2. RAW MATERIAL SOURCING
      3. MANUFACTURING
      4. DISTRIBUTION
      5. INSTALLATION & TRAINING
    11. KEY BUYING CRITERIA
      1. TYPE OF PROCESSING
      2. THROUGHPUT
      3. TYPE OF SOLVENT USED
      4. TYPE OF FINAL PRODUCT
    12. REGULATORY FRAMEWORK
      1. CANNABIS EXTRACTION CERTIFICATIONS
        1. EU GMP (EUROPEAN MEDICINES AGENCY)
        2. CGMP (FOOD AND DRUG ADMINISTRATION)
        3. API (ACTIVE PHARMACEUTICAL INGREDIENT) CERTIFIED
        4. ISO (INTERNATIONAL ORGANISATION FOR STANDARDISATION)
      2. COUNTRIES WITH LIBERAL CANNABIS POLICIES
  5. MARKET BY EQUIPMENT TYPE
    1. CANNABIS EXTRACTION EQUIPMENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. CANNABIS ANALYTICAL TESTING EQUIPMENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY SERVICE
    1. CANNABIS EXTRACTION SERVICE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. CANNABIS ANALYTICAL TESTING SERVICE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CANNABIS REGULATORY AND COMPLIANCE SERVICE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY EXTRACTION METHOD
    1. CO2-BASED EXTRACTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. ALCOHOL/ETHANOL-BASED EXTRACTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. HYDROCARBON-BASED EXTRACTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. VEGETABLE OIL-BASED EXTRACTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. SOLVENTLESS EXTRACTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER EXTRACTION METHODS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET DRIVERS
      3. NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET DRIVERS
      3. EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET DRIVERS
      3. ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        5. THAILAND
          1. THAILAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        6. MALAYSIA
          1. MALAYSIA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        7. SINGAPORE
          1. SINGAPORE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET DRIVERS
      3. REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. KEY CANNABIS EXTRACTION COMPANIES
        1. COLORADO CANNABIS COMPANY
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        2. DECIBEL CANNABIS CO INC
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        3. INDIVA
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        4. MEDIPHARM LABS CORP
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        5. THE VALENS CO INC
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
          3. STRENGTHS & CHALLENGES
      2. KEY CANNABIS EXTRACTION EQUIPMENT COMPANIES
        1. APTIA ENGINEERING
          1. COMPANY OVERVIEW
          2. PRODUCTS LIST
        2. DEUTSCHE PROCESS
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        3. CRAFT CANNABIS
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        4. ECODYST
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        5. EDEN LABS LLC
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        6. EXTRAKTLAB
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        7. GIBRALTAR INDUSTRIES
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        8. LUNA TECHNOLOGIES
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        9. ROOT SCIENCES
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        10. TRUSTEEL LLC
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
      3. KEY CANNABIS ANALYTICAL TESTING EQUIPMENT COMPANIES
        1. AGILENT TECHNOLOGIES INC
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        2. GEMMACERT
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        3. ORANGE PHOTONICS INC
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        4. SAGE ANALYTICS
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
      4. KEY CANNABIS EXTRACTION TECHNOLOGY SERVICE PROVIDERS
        1. EYBNA TECHNOLOGIES LTD
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        2. MILE HIGH LABS
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        3. UL LLC
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        4. XS FINANCIAL INC
          1. COMPANY OVERVIEW
          2. SERVICE LIST
      5. KEY CANNABIS TESTING SERVICE COMPANIES
        1. EUROFINS SCIENTIFIC
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        2. MERCK KGAA
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        3. PERKINELMER INC
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        4. SCIEX
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        5. SGS SA
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        6. SHIMADZU CORP
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        7. THERMO FISHER SCIENTIFIC CORP
          1. COMPANY OVERVIEW
          2. SERVICE LIST
        8. WATERS CORP
          1. COMPANY OVERVIEW
          2. SERVICE LIST
      6. KEY CANNABIS EXTRACT PRODUCT COMPANIES
        1. ABSOLUTEXTRACTS
          1. COMPANY OVERVIEW
          2. PRODUCTS LIST
        2. AURORA CANNABIS INC
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        3. CANOPY GROWTH CORPORATION
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        4. CONCENTRATE SUPPLY CO
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        5. CRAFT CANNABIS
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        6. EVOLAB
          1. COMPANY OVERVIEW
          2. PRODUCT LIST
        7. KURVANA
          1. COMPANY OVERVIEW
          2. PRODUCT LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CANNABIS EXTRACTION & ANALYTICAL TESTING

TABLE 2: TYPES OF CANNABIS EXTRACTS

TABLE 3: APPROVED CANNABIS PHARMACEUTICAL DRUGS

TABLE 4: EXAMPLES OF BEST-SELLING CANNABIS BEVERAGE BRANDS IN THE UNITED STATES

TABLE 5: PRICING AND PACKAGE SIZE DYNAMICS OF CANNABIS-BASED BEVERAGE IN THE UNITED STATES

TABLE 6: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EQUIPMENT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EQUIPMENT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL CANNABIS EXTRACTION EQUIPMENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL CANNABIS EXTRACTION EQUIPMENT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: GLOBAL CANNABIS ANALYTICAL TESTING EQUIPMENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL CANNABIS ANALYTICAL TESTING EQUIPMENT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY SERVICE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: GLOBAL CANNABIS EXTRACTION SERVICE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL CANNABIS EXTRACTION SERVICE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL CANNABIS ANALYTICAL TESTING SERVICE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL CANNABIS ANALYTICAL TESTING SERVICE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18: GLOBAL CANNABIS REGULATORY AND COMPLIANCE SERVICE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL CANNABIS REGULATORY AND COMPLIANCE SERVICE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EXTRACTION METHOD, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EXTRACTION METHOD, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22: GLOBAL CO2-BASED EXTRACTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION

TABLE 23: GLOBAL CO2-BASED EXTRACTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: GLOBAL ALCOHOL/ETHANOL-BASED EXTRACTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL ALCOHOL/ETHANOL-BASED EXTRACTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26: GLOBAL HYDROCARBON-BASED EXTRACTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL HYDROCARBON-BASED EXTRACTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: GLOBAL VEGETABLE OIL-BASED EXTRACTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL VEGETABLE OIL-BASED EXTRACTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 30: GLOBAL SOLVENTLESS EXTRACTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: GLOBAL SOLVENTLESS EXTRACTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: GLOBAL OTHER EXTRACTION METHODS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: GLOBAL OTHER EXTRACTION METHODS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 34: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 38: KEY PLAYERS OPERATING IN NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET

TABLE 39: EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 40: EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 41: KEY PLAYERS OPERATING IN EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET

TABLE 42: ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 43: ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 44: KEY PLAYERS OPERATING IN ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET

TABLE 45: REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 46: REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 47: KEY PLAYERS OPERATING IN REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET

TABLE 48: LIST OF MERGERS & ACQUISITIONS

TABLE 49: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 50: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 51: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: MAJOR PHYTOCHEMICALS IDENTIFIED IN CANNABIS

FIGURE 2: KEY TECHNOLOGY TRENDS/KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 5: GROWTH PROSPECT MAPPING FOR UNITED KINGDOM

FIGURE 6: GROWTH PROSPECT MAPPING FOR AUSTRALIA & NEW ZEALAND

FIGURE 7: GROWTH PROSPECT MAPPING FOR ISRAEL

FIGURE 8: MARKET MATURITY ANALYSIS

FIGURE 9: MARKET CONCENTRATION ANALYSIS

FIGURE 10: VALUE CHAIN ANALYSIS

FIGURE 11: KEY BUYING CRITERIA

FIGURE 12: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, GROWTH POTENTIAL, BY EQUIPMENT TYPE, IN 2022

FIGURE 13: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS EXTRACTION EQUIPMENT, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL CANNABIS ANALYTICAL TESTING & ANALYTICAL TESTING MARKET, BY CANNABIS ANALYTICAL TESTING EQUIPMENT, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2022

FIGURE 16: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS EXTRACTION SERVICE, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS ANALYTICAL TESTING SERVICE, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS REGULATORY AND COMPLIANCE SERVICE, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, GROWTH POTENTIAL, BY EXTRACTION METHOD, IN 2022

FIGURE 20: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CO2-BASED EXTRACTION, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY ALCOHOL/ETHANOL-BASED EXTRACTION, 2023-2032 (IN $ MILLION)

FIGURE 22: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY HYDROCARBON-BASED EXTRACTION, 2023-2032 (IN $ MILLION)

FIGURE 23: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY VEGETABLE OIL-BASED EXTRACTION, 2023-2032 (IN $ MILLION)

FIGURE 24: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY SOLVENTLESS EXTRACTION, 2023-2032 (IN $ MILLION)

FIGURE 25: GLOBAL CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY OTHER EXTRACTION METHODS, 2023-2032 (IN $ MILLION)

FIGURE 26: NORTH AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 27: UNITED STATES CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: CANADA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 30: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: GERMANY CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: FRANCE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: ITALY CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: SPAIN CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: BELGIUM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: POLAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: REST OF EUROPE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 39: CHINA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: JAPAN CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: INDIA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: SOUTH KOREA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: THAILAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: MALAYSIA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 45: SINGAPORE CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: AUSTRALIA & NEW ZEALAND CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 47: REST OF ASIA-PACIFIC CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 48: REST OF WORLD CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 49: LATIN AMERICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FIGURE 50: MIDDLE EAST & AFRICA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

The lack of certified professionals, the high cost of analytical instrumentation cultivation, and the lack of harmonized regulations are slowing down the market for cannabis extraction & analytical testing.

Cannabis analytical testing equipment is used in cannabis & hemp testing laboratories which conduct tests for moisture, heavy metals, cannabinoids, terpene profile, potency, residual solvents, pesticides, as well as aflatoxins/mycotoxins and fungal and microbial growth.

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