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Report
United Kingdom Cannabis Extraction & Analytical Testing Market Forecast 2023-2030
Market Report I 2023-11-04 I 154 Pages I Inkwood Research
KEY FINDINGS
The United Kingdom cannabis extraction & analytical testing market is predicted to develop with a CAGR of 18.40% during the forecast years. The country legalized medical cannabis, making it lawful for physicians to prescribe cannabis-based products for specific medical conditions. This marked a significant shift in the country's approach to cannabis.
MARKET INSIGHTS
In the United Kingdom, cannabis extracts are primarily used in the production of medical cannabis oils, tinctures, and oral sprays. These formulations provide a means for precise dosing and controlled administration, rendering them well-suited for medical applications. Despite the legalization of medical cannabis, the United Kingdom faces several challenges and restrictions in the cannabis extraction sector. The country's stance on cannabis is undergoing evolution, potentially leading to alterations in the legal framework. As the medical cannabis market matures, it could introduce avenues for increased research, product innovation, and expanded patient accessibility to cannabis-derived medications.
The United Kingdom cannabis extraction & analytical testing market is primarily dominated by a few major companies, including Agilent Technologies Inc, Eurofins Scientific, and Waters Corp. The legalization of medical cannabis has sparked a surge in the exploration of cannabis extraction for therapeutic intentions. Diverse cannabis-derived products, including oils and tinctures, are extracted to create precise cannabinoid formulations designed to address conditions such as epilepsy, chronic pain, and multiple sclerosis. The Medicines and Healthcare Products Regulatory Agency (MHRA) assumes responsibility for supervising the regulation of medicinal cannabis products in the United Kingdom. These factors, in turn, are set to propel the market growth in the United Kingdom during the forecast period.
COMPETITIVE INSIGHTS
Major companies operating in the market are Eurofins Scientific, Aurora Europe GmbH, etc
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.5.1. IMPACT OF COVID-19 ON CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET
2.6. MAJOR MARKET FINDINGS
2.6.1. RISE IN ADOPTION OF GREEN AND SUSTAINABLE PRACTICES FOR CANNABIS EXTRACTION
2.6.2. INCREASED DEMAND FOR THC-FREE PRODUCTS
2.6.3. GROWING POPULARITY OF CANNABIS STRAIN AND TERPENE PROFILING
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. LEGISLATIVE SHIFT IN THE COUNTRY AND LEGALISATION OF CANNABIS
3.1.2. GROWING CANNABIS HEALTH AND WELLNESS TRENDS AMONG CONSUMERS
3.1.3. SURGE IN MEDICAL USE OF CANNABIS
3.2. KEY RESTRAINTS
3.2.1. REGULATORY HURDLES
3.2.2. DIFFICULTIES IN QUALITY CONTROL AND STANDARDIZATION
3.2.3. EXPENSIVE PRODUCTION EQUIPMENT COSTS AND EFFICIENCIES
4. KEY ANALYTICS
4.1. PARENT MARKET ANALYSIS
4.1.1. INTRODUCTION TO CANNABIS MARKET
4.1.2. TYPES OF CANNABIS EXTRACTS
4.1.3. APPLICATION OF CANNABIS
4.1.3.1. MEDICAL & PHARMACEUTICAL PRODUCTS
4.1.3.2. WELLNESS
4.1.3.3. ADULT-USE
4.1.4. INVESTMENT IN THE CANNABIS INDUSTRY
4.2. CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET INTRODUCTION
4.3. DIFFERENT STAGES OF CANNABIS EXTRACTION
4.3.1. GRINDING
4.3.2. EXTRACTION
4.3.3. WINTERISATION
4.3.4. DECARBOXYLATION
4.3.5. DISTILLATION
4.3.6. ISOLATION
4.4. EQUIPMENT USED IN CANNABIS EXTRACTION PROCESS
4.4.1. INLINE CHILLER
4.4.2. CENTRIFUGE UTILITY PLATFORM (CUP)
4.4.3. PARTICULATE FILTER
4.4.4. FALLING FILM EVAPORATOR (FFE)
4.4.5. DECARBOXYLATION VESSEL
4.4.6. ROLLED FILM SHORT PATH DISTILLATION (RFD)
4.5. KEY MARKET TRENDS
4.5.1. EDIBLES INNOVATIONS MAKING WAVES IN THE MARKET
4.5.2. EMERGENCE OF ANTI-INFLAMMATORY MEDICINES
4.5.3. CANNABIS BEVERAGES GAINING TRACTION ACROSS SATURATED & EMERGING MARKETS
4.5.4. ANALYTICAL CHARACTERIZATION OF CANNABIS STRAIN THROUGH CANNABIS FINGERPRINTING
4.6. PEST ANALYSIS
4.7. PORTER'S FIVE FORCES ANALYSIS
4.7.1. BUYERS POWER
4.7.2. SUPPLIERS POWER
4.7.3. SUBSTITUTION
4.7.4. NEW ENTRANTS
4.7.5. INDUSTRY RIVALRY
4.8. GROWTH PROSPECT MAPPING
4.8.1. GROWTH PROSPECT MAPPING FOR UNITED KINGDOM
4.9. MARKET CONCENTRATION ANALYSIS
4.10. VALUE CHAIN ANALYSIS
4.10.1. RESEARCH & DEVELOPMENT
4.10.2. RAW MATERIAL SOURCING
4.10.3. MANUFACTURING
4.10.4. DISTRIBUTION
4.10.5. INSTALLATION & TRAINING
4.11. KEY BUYING CRITERIA
4.11.1. TYPE OF PROCESSING
4.11.2. THROUGHPUT
4.11.3. TYPE OF SOLVENT USED
4.11.4. TYPE OF FINAL PRODUCT
4.12. REGULATORY FRAMEWORK
4.12.1. CANNABIS EXTRACTION CERTIFICATIONS
4.12.1.1. EU GMP (EUROPEAN MEDICINES AGENCY)
4.12.1.2. CGMP (FOOD AND DRUG ADMINISTRATION)
4.12.1.3. API (ACTIVE PHARMACEUTICAL INGREDIENT) CERTIFIED
4.12.1.4. ISO (INTERNATIONAL ORGANISATION FOR STANDARDISATION)
5. MARKET BY EQUIPMENT TYPE
5.1. CANNABIS EXTRACTION EQUIPMENT
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. CANNABIS ANALYTICAL TESTING EQUIPMENT
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
6. MARKET BY SERVICE
6.1. CANNABIS EXTRACTION SERVICE
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. CANNABIS ANALYTICAL TESTING SERVICE
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. CANNABIS REGULATORY AND COMPLIANCE SERVICE
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
7. MARKET BY EXTRACTION METHOD
7.1. CO2-BASED EXTRACTION
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. ALCOHOL/ETHANOL-BASED EXTRACTION
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
7.3. HYDROCARBON-BASED EXTRACTION
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENT ANALYSIS
7.4. VEGETABLE OIL-BASED EXTRACTION
7.4.1. MARKET FORECAST FIGURE
7.4.2. SEGMENT ANALYSIS
7.5. SOLVENTLESS EXTRACTION
7.5.1. MARKET FORECAST FIGURE
7.5.2. SEGMENT ANALYSIS
7.6. OTHER EXTRACTION METHODS
7.6.1. MARKET FORECAST FIGURE
7.6.2. SEGMENT ANALYSIS
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. MERGERS & ACQUISITIONS
8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.3. PARTNERSHIPS & AGREEMENTS
8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. AGILENT TECHNOLOGIES INC
8.2.1.1. COMPANY OVERVIEW
8.2.1.2. SERVICE LIST
8.2.2. EUROFINS SCIENTIFIC
8.2.2.1. COMPANY OVERVIEW
8.2.2.2. SERVICE LIST
8.2.3. MERCK KGAA
8.2.3.1. COMPANY OVERVIEW
8.2.3.2. SERVICE LIST
8.2.4. AURORA EUROPE GMBH
8.2.4.1. COMPANY OVERVIEW
8.2.4.2. SERVICE LIST
8.2.5. SGS SA
8.2.5.1. COMPANY OVERVIEW
8.2.5.2. SERVICE LIST
8.2.6. THERMO FISHER SCIENTIFIC CORP
8.2.6.1. COMPANY OVERVIEW
8.2.6.2. SERVICE LIST
8.2.7. WATERS CORP
8.2.7.1. COMPANY OVERVIEW
8.2.7.2. SERVICE LIST
8.2.8. CANOPY GROWTH CORPORATION
8.2.8.1. COMPANY OVERVIEW
8.2.8.2. PRODUCT LIST
8.2.9. TILRAY
8.2.9.1. COMPANY OVERVIEW
8.2.9.2. PRODUCT LIST
8.2.10. MARRY JANE
8.2.10.1. COMPANY OVERVIEW
8.2.10.2. 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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