The cannabis industry has seen significant growth with the rising popularity of cannabis distillates. Known for their purity and potency, distillates have become a staple in various cannabis products, driving demand in a rapidly expanding market.
Cannabis distillates are a type of extract known for their high purity, achieved through a process called distillation. This involves heating cannabis plant material to vaporize and capture the volatile compounds, such as THC and CBD, which are then condensed and collected as a pure oil.
Due to their refined purity, distillates are used widely in:
Moreover, they can be further processed into THC isolates or broad-spectrum distillates containing various cannabinoids and terpenes without THC.
The demand for cannabis distillates is rapidly increasing, supported by figures from Grand View Research. In 2020, the global cannabis concentrates market, including distillates, was valued at USD 3.3 billion, with projections indicating a CAGR of 17.8% from 2021 to 2028.
Distillates are particularly popular for producing vape cartridges, one of the fastest-growing segments in the cannabis industry, alongside their usage in edibles, tinctures, and topicals.
The cannabis distillates market is competitive, with major players like Canopy Growth Corporation, Cresco Labs, and Curaleaf Holdings, among others. Emerging companies continue to enter as the market evolves with global legalization trends and consumer awareness.
The production of cannabis distillates involves specialized processes requiring professional expertise and equipment. Key steps include:
Producers must adhere to regulations, ensuring product labeling and testing for potency and purity.
The cannabis distillates market offers significant opportunities driven by ongoing legalization and increasing consumer demand for high-quality cannabis products. As this market evolves, the role of experienced food consultant, food processing consultant, and food manufacturing consultant experts becomes crucial in optimizing processes and ensuring compliance with industry standards.