China Cannabidiol Market Size & Outlook, 2023-2030
China cannabidiol market, 2018-2030 (US$M)
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China cannabidiol market highlights
- The China cannabidiol market generated a revenue of USD 210.2 million in 2023 and is expected to reach USD 688.9 million by 2030.
- The China market is expected to grow at a CAGR of 18.5% from 2024 to 2030.
- In terms of segment, hemp was the largest revenue generating product in 2023.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabidiol market data book summary
| Market revenue in 2023 | USD 210.2 million |
| Market revenue in 2030 | USD 688.9 million |
| Growth rate | 18.5% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Medical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp |
Other key industry trends
- In terms of revenue, China accounted for 2.7% of the global cannabidiol market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 247.6 million by 2030.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
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China cannabidiol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabidiol market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 65.03% in 2023. Horizon Databook has segmented the China cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Marijuana is illegal in China, but cultivation and production of hemp has been an established Marijuana is illegal in China, but the cultivation and production of hemp have been an established business for centuries. China is the largest hemp cultivator in Asia and cultivates nearly half of the world’s hemp production.
China is also considered to be a superpower in hemp production as it approximately owns 300 world hemp patents out of 660 and provides half of the world’s hemp products. Moreover, the country is looking to produce CBD from hemp. China is currently allowing the sale of hemp oil and the use of CBD in cosmetics.
They are provided by only four Chinese companies that hold special licenses to grow and process hemp for CBD. But as the market is booming, the number of cultivators and producers is expected to increase, which is likely to create a demand for CBD extracts such as oil, edibles, & tinctures. Moreover, growing awareness about CBD-based products and their application is expected to fuel market growth.
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Target buyers of China cannabidiol market databook
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Our clientele includes a mix of cannabidiol market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into China cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cannabidiol market size, by product, 2018-2030 (US$M)
China Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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