Global Cannabis Testing Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Cannabis Testing Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product and Software/Service (Analytical Instruments, Spectroscopy Instruments, Consumables, and Cannabis Testing Software and Services), Type (Potency Testing, Terpene Profiling, Residual Solvent Screening, Heavy Metal Testing, Mycotoxin Testing, and Other Types), End User (Laboratories, Cannabis Drug Manufacturers and Dispensaries, and Other End Users), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Cannabis Testing Market was valued at USD 1,445.6 million in 2023 and is expected to reach USD 4,037.6 million by 2031 while growing at a CAGR of 13.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global cannabis testing market growth. Cannabis testing involves analyzing cannabis and its derivatives to evaluate their chemical composition, potency, purity, and safety, ensuring product quality, regulatory compliance, and consumer safety while facilitating informed decision-making by users and healthcare professionals.
Growing awareness of health benefits and emphasis on quality assurance, product standardization, and differentiation in the cannabis industry are driving the growth of the cannabis testing market. However, the lack of standardization and harmonization, coupled with limited access to testing facilities, may hinder its expansion.
Furthermore, the global cannabis testing industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product and Software/Service Analysis
The Global Cannabis Testing Market is segmented among Analytical Instruments, Spectroscopy Instruments, Consumables, and Cannabis Testing Software and Services, based on Product and Software/Service. In 2023, Analytical Instruments accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Type Analysis
The Global Cannabis Testing Market is segmented among Potency Testing, Terpene Profiling, Residual Solvent Screening, Heavy Metal Testing, Mycotoxin Testing, and Other Types, based on Type. In 2023, Potency Testing accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Cannabis Testing Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Agilent Technologies Inc., Shimadzu Scientific Instruments, Merck KGaA (Sigma Aldrich), Restek Corporation, PerkinElmer Inc., Danaher Corporation, Accelerated Technology Laboratories Inc., Steep Hill Halent Laboratories Inc., Digipath Inc., and Pharmlabs LLC.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Cannabis Testing Market Dynamics
Drivers
Restraints
Opportunity
4. Global Cannabis Testing Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Cannabis Testing Market Segmentation, By Product and Software/Service
Global Cannabis Testing Market Share Analysis, By Product and Software/Service
Global Cannabis Testing Market Growth Analysis, By Product and Software/Service
Global Cannabis Testing Market Trends, By Product and Software/Service
o Analytical Instruments
o Spectroscopy Instruments
o Consumables
o Cannabis Testing Software and Services
6. Global Cannabis Testing Market Segmentation, By Type
Global Cannabis Testing Market Share Analysis, By Type
Global Cannabis Testing Market Growth Analysis, By Type
Global Cannabis Testing Market Trends, By Type
o Potency Testing
o Terpene Profiling
o Residual Solvent Screening
o Heavy Metal Testing
o Mycotoxin Testing
o Other Types
7. Global Cannabis Testing Market Segmentation, By End User
Global Cannabis Testing Market Share Analysis, By End User
Global Cannabis Testing Market Growth Analysis, By End User
Global Cannabis Testing Market Trends, By End User
o Laboratories
o Cannabis Drug Manufacturers and Dispensaries
o Other End Users
8. Global Cannabis Testing Market Segmentation, By Region
Global Cannabis Testing Market Share Analysis, By Region
Global Cannabis Testing Market Growth Analysis, By Region
Global Cannabis Testing Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Agilent Technologies Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Shimadzu Scientific Instruments
Merck KGaA (Sigma Aldrich)
Restek Corporation
PerkinElmer Inc.
Danaher Corporation
Accelerated Technology Laboratories Inc.
Steep Hill Halent Laboratories Inc.
Digipath Inc.
Pharmlabs LLC
*Similar analysis will be provided for each company listed above.
