Middle East & Africa Cannabidiol Market Size & Outlook
Middle East & Africa cannabidiol market, 2018-2030 (US$M)
Related Markets
MEA cannabidiol market highlights
- The MEA cannabidiol market generated a revenue of USD 118.6 million in 2023.
- The market is expected to grow at a CAGR of 23.3% 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.
- Country-wise, Israel is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 118.6 million |
| Market revenue in 2030 | USD 514.4 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 1.5% of the global cannabidiol market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 1,759.6 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 81.79% in 2023. Horizon Databook has segmented the Middle East & Africa cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Cannabidiol Product Outlook (Revenue, USD Million, 2018-2030)
- Hemp
- Marijuana
- Middle East & Africa Cannabidiol Sale Type Outlook (Revenue, USD Million, 2018-2030)
- B2B
- Pharmaceuticals
- wellness
- Food & Beverages
- Personal Care & Cosmetics
- Nutraceuticals
- Others
- B2C
- Medical
- Chronic Pain
- Mental Disorders
- Cancer
- Others
- Personal Use
- Medical
- B2B
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa cannabidiol market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA cannabidiol market size, by country, 2018-2030 (US$M)
Middle East & Africa Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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