Croatia Cannabidiol Market Size & Outlook, 2023-2030
Croatia cannabidiol market, 2018-2030 (US$M)
Related Markets
Croatia cannabidiol market highlights
- The Croatia cannabidiol market generated a revenue of USD 6.9 million in 2023 and is expected to reach USD 39.1 million by 2030.
- The Croatia market is expected to grow at a CAGR of 28.1% 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 6.9 million |
| Market revenue in 2030 | USD 39.1 million |
| Growth rate | 28.1% (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, Croatia accounted for 0.1% 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 Europe, Netherlands cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 191.8 million by 2030.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Croatia 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 63.77% in 2023. Horizon Databook has segmented the Croatia cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Hemp-derived CBD products, containing 0.2% THC, are legal in Croatia. In addition, the country is one the largest producers of industrial hemp in Europe. These factors are driving the hemp-derived CBD market in the country. Moreover, the country legalized medical marijuana in 2015 and implemented medical cannabis program for providing access to patients suffering from cancer tumors, AIDS, epilepsy, MS, and other conditions.
As per the medical marijuana law in the country, patients are not allowed to smoke weed, but they can administer it in the form of oil, ointment, edibles, or beverages to alleviate pain. Hence, the country started importing medical cannabis products from European and North American countries to meet the needs of patients.
For instance, Croatia first imported medical cannabis products from Tilray a Canadian pharmaceutical and cannabis company in 2016 to supply marijuana-derived products to patients. The country has subsequently imported cannabis as per the demand from patients. This newly formed marijuana law is likely to boost the growth of marijuana-derived CBD in Croatia over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Croatia cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into Croatia cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Croatia cannabidiol market size, by product, 2018-2030 (US$M)
Croatia Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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