Israel Cannabidiol Market Size & Outlook, 2023-2030
Israel cannabidiol market, 2018-2030 (US$M)
Related Markets
Israel cannabidiol market highlights
- The Israel cannabidiol market generated a revenue of USD 86.8 million in 2023 and is expected to reach USD 443.2 million by 2030.
- The Israel market is expected to grow at a CAGR of 26.2% 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 86.8 million |
| Market revenue in 2030 | USD 443.2 million |
| Growth rate | 26.2% (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, Israel accounted for 1.1% 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 Middle East & Africa, Israel cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 443.2 million by 2030.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Israel 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 83.29% in 2023. Horizon Databook has segmented the Israel cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Israel is one of the prominent markets in the MEA region due to liberal government policies, technical innovations & high research activity, and a well-developed ecosystem of cannabis. Furthermore, in 2016, the government announced its plans to expand the number of authorized and trained doctors to prescribe medical cannabis.
In February 2017, a government committee approved the export of cannabis. Thus, increasing cultivation and exports of medical cannabis are expected to propel the market shortly. The country is one of the major cannabinoid centers of research around the world.
In January 2017, the government invested USD 2.13 million in 13 different research projects to study the effect of cannabis on conditions such as metabolic syndrome and prevention of transplanted organ rejection. Increasing investment in R&D is likely to expand the application of cannabis in the medical field. Hence, all these factors would boost the market during the forecast period.
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Target buyers of Israel 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 Israel cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into Israel cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel cannabidiol market size, by product, 2018-2030 (US$M)
Israel Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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