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UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2028

SCOPE OF THE REPORT

United Kingdom 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)

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MARKET OVERVIEW

The United Kingdom cannabis extraction & analytical testing market is forecasted to record a CAGR of 18.30% during the projection years of 2023-2028, capturing a revenue share of $122.49 million by 2028.

The legal cannabis industry in the United Kingdom is relatively conservative, but this is expected to change over time, providing more opportunities for the nation’s companies to serve more people in the domestic market. Until then, companies must navigate the complexities and limitations of current regulations while capitalizing on export opportunities.

United_Kingdom_Cannabis_Extraction_&_Analytical_Testing_Market

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In March 2023, Celadon Pharmaceuticals achieved a significant milestone as the first United Kingdom-based medical cannabis manufacturer to obtain a home office license for the sale of its products within the country. This development followed government reforms introduced in 2018 to liberalize the industry. As a result, the company is now positioned to explore supply agreements, offering its cannabis oil to specialized private clinics authorized to prescribe medical cannabis, universities, and pharmaceutical firms involved in research and development activities. Furthermore, the company has secured registration with the United Kingdom Medicines and Healthcare Products Regulatory Agency (MHRA) for good manufacturing practices (GMP) manufacturing. Celadon Pharmaceuticals will provide its medicinal cannabis product in oil form as an active pharmaceutical ingredient (API).

In the previous year, the country witnessed the issuance of over 185,000 medicinal cannabis prescriptions, benefiting as many as 80,000 patients. This development has attracted the presence of major North American companies such as Aphria and Aurora, which have established operations in the country for cannabis cultivation. While the United Kingdom has created a substantial production foundation, this has been concentrated within a limited number of businesses. As a result, the aforementioned factors are set to boost the cannabis extraction & analytic testing market growth in the United Kingdom during the forecast period. 

The United Kingdom cannabis extraction & analytic testing market is segmented into equipment type, service, and extraction method. The service segment includes cannabis extraction service, cannabis analytical testing service, and cannabis regulatory and compliance service. Cannabis extraction services typically offer cost-efficiency and greater versatility compared to cannabis cultivation services. This substantiates the higher number of cannabis processors and extractors, especially in states without vertical integration. In well-established cannabis markets, there tends to be a stable, if not surplus, supply of cannabis biomass. The pricing of biomass can be subject to significant fluctuations, influenced by factors such as seasonal variations and the dynamics of supply and demand within the cannabis biomass. 

Laboratory testing plays a pivotal role in the hemp and legal cannabis sectors, ensuring consumer safety, product quality consistency, and adherence to legal requirements. Prior to product distribution, a wide range of cannabis and hemp-derived items undergo rigorous, impartial examination by cannabis testing laboratories. These labs objectively assess product samples, conducting comprehensive analyses to detect contaminants like pesticides, pathogens, heavy metals, and other impurities. Furthermore, they provide precise measurements of THC, CBD, and various other cannabinoids. 

Some of the top firms operating in the United Kingdom cannabis extraction & analytical testing market are Agilent Technologies Inc, Eurofins Scientific, etc.

Agilent Technologies Inc, headquartered in the United States, provides application-focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The segments provide a range of products, including liquid chromatography systems and components, liquid chromatography-mass spectrometry systems, gas chromatography systems and components and more. The company promotes its products through various channels, including direct sales, distribution networks, reseller partnerships, manufacturer’s representatives, and electronic commerce.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2028
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Equipment Type, Service, and Extraction Method
Countries AnalyzedThe United Kingdom
Companies AnalyzedAgilent Technologies Inc, Eurofins Scientific, Merck KGaA, Aurora Europe GmbH, SGS SA, Thermo Fisher Scientific Corp, Waters Corp, Canopy Growth Corporation, Tilray, Marry Jane

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. SCOPE OF STUDY
    5. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
    6. 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 IN THE COUNTRY AND LEGALISATION OF CANNABIS
      2. GROWING CANNABIS HEALTH AND WELLNESS TRENDS AMONG CONSUMERS
      3. 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 THE 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. EMERGENCE OF ANTI-INFLAMMATORY MEDICINES 
      3. CANNABIS BEVERAGES GAINING TRACTION ACROSS SATURATED & EMERGING MARKETS
      4. ANALYTICAL CHARACTERIZATION OF CANNABIS STRAIN THROUGH CANNABIS FINGERPRINTING
    6. PEST ANALYSIS
    7. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    8. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED KINGDOM
    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)
  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. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AGILENT TECHNOLOGIES INC
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      2. EUROFINS SCIENTIFIC
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      3. MERCK KGAA
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      4. AURORA EUROPE GMBH
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      5. SGS SA
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      6. THERMO FISHER SCIENTIFIC CORP
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      7. WATERS CORP
        1. COMPANY OVERVIEW
        2. SERVICE LIST
      8. CANOPY GROWTH CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      9. TILRAY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      10. MARRY JANE
        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: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EQUIPMENT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EQUIPMENT TYPE, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 6: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY SERVICE, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 8: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EXTRACTION METHOD, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY EXTRACTION METHOD, FORECAST YEARS, 2023-2028 (IN $ MILLION)

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: MAJOR PHYTOCHEMICALS IDENTIFIED IN CANNABIS

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR UNITED KINGDOM

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: KEY BUYING CRITERIA

FIGURE 8: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, GROWTH POTENTIAL, BY EQUIPMENT TYPE, IN 2022

FIGURE 9: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS EXTRACTION EQUIPMENT, 2023-2028 (IN $ MILLION)

FIGURE 10: UNITED KINGDOM CANNABIS ANALYTICAL TESTING & ANALYTICAL TESTING MARKET, BY CANNABIS ANALYTICAL TESTING EQUIPMENT, 2023-2028 (IN $ MILLION)

FIGURE 11: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2022

FIGURE 12: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS EXTRACTION SERVICE, 2023-2028 (IN $ MILLION)

FIGURE 13: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS ANALYTICAL TESTING SERVICE, 2023-2028 (IN $ MILLION)

FIGURE 14: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CANNABIS REGULATORY AND COMPLIANCE SERVICE, 2023-2028 (IN $ MILLION)

FIGURE 15: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, GROWTH POTENTIAL, BY EXTRACTION METHOD, IN 2022

FIGURE 16: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY CO2-BASED EXTRACTION, 2023-2028 (IN $ MILLION)

FIGURE 17: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY ALCOHOL/ETHANOL-BASED EXTRACTION, 2023-2028 (IN $ MILLION)

FIGURE 18: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY HYDROCARBON-BASED EXTRACTION, 2023-2028 (IN $ MILLION)

FIGURE 19: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY VEGETABLE OIL-BASED EXTRACTION, 2023-2028 (IN $ MILLION)

FIGURE 20: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY SOLVENTLESS EXTRACTION, 2023-2028 (IN $ MILLION)

FIGURE 21: UNITED KINGDOM CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET, BY OTHER EXTRACTION METHODS, 2023-2028 (IN $ MILLION)

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