The cannabis extraction market in the Global is poised for substantial growth in the coming years, driven by the increasing demand for cannabis extracts and the evolving regulatory landscape surrounding cannabis. According to recent market reports, the global cannabis extraction market, valued at USD 2,582.4 million in 2021, is projected to grow at a remarkable The forecast period shows a Compound Annual Growth Rate (CAGR) of 20.3 percent.

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The Global has witnessed a notable shift in its perception of cannabis, with increasing recognition of its potential benefits. The rising demand for cannabis extracts, such as oils and tinctures, can be attributed to their versatile therapeutic applications in treating chronic conditions such as cancer, arthritis, Alzheimer's disease, and anxiety. The growing understanding of the medical advantages of cannabis has led to increased acceptance and utilization of medicinal cannabis products in the Global.

In recent years, the Canada has made strides in reforming its cannabis policies. Legalizing medicinal cannabis in November 2018 opened up opportunities for patients to access cannabis-based treatments under medical supervision. Although regulations surrounding cannabis remain stringent, this progressive approach has contributed to the growth of the cannabis industry in the country, including the production and extraction of cannabis-based products.

Furthermore, the COVID-19 pandemic has significantly impacted cannabis consumption rates worldwide including in the Global. Many individuals turned to cannabis to alleviate stress and anxiety during these challenging times. The restrictions on social activities and the need for alternative forms of relaxation contributed to increased rates of cannabis use. These shifts in consumer behavior have influenced the cannabis extraction market in the Global.

However, the market in the Global also faces challenges. The regulatory framework surrounding cannabis remains complex, and clear commercial production and distribution guidelines are necessary to ensure consumer safety and product quality.

The Global, with its growing population and evolving regulatory environment, presents significant opportunities for market growth. As the prevalence of chronic diseases such as cancer, diabetes, and others continues to rise, the demand for cannabis extract-based treatments is expected to surge.

In terms of the regional landscape, Global is positioned to be a key player in the cannabis extraction market in Europe. The country's progressive approach to cannabis legalization and the growing acceptance of cannabis-based products contribute to its market potential. The growth trajectory of the cannabis extraction market in the Global will be driven by the increasing acceptance of cannabis for medicinal purposes and the rising demand for effective treatments for chronic diseases.

Leading companies operating in the cannabis extraction market include Canopy Growth Corporation, Aurora Cannabis Inc., Tikun Olam, Cannabis Science Inc., Aphria Inc., and more. These industry players are actively engaged in research and development efforts to explore the therapeutic benefits of cannabis extracts and meet the rising demand in the Global.

As the cannabis extraction market in the Global continues to evolve, industry stakeholders are focused on overcoming regulatory challenges and capitalizing on the growing acceptance and utilization of cannabis extracts. The market's growth potential in the Global is substantial, driven by the progressive approach to cannabis legalization and the increasing demand for alternative treatment options.

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