The cannabis extract market size was over USD 5.13 billion in 2024 and is poised to exceed USD 53.13 billion by 2037, growing at over 19.7% CAGR during the forecast period i.e., between 2025-2037. North America industry is likely to account for largest revenue share of 33% by 2037, due to high demand for cannabis extracts for recreational and medical purposes.
