Market revenue in 2022 | USD 564.0 million |
Market revenue in 2030 | USD 2,966.2 million |
Growth rate | 23.1% (CAGR from 2022 to 2030) |
Largest segment | Hemp |
Fastest growing segment | Marijuana |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hemp, Marijuana |
Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
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 cannabis cultivation market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 78.21% in 2022. Horizon Databook has segmented the Australia cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Since legalization of medical marijuana in 2016, the number of patients seeking prescription has tremendously increased in Australia. The number of companies operating in the medical marijuana market is also rising, with new companies being listed on the Australian Stock Exchange (ASX).
Several local companies have begun applying for cultivation license and are being funded or acquired by major players. The Australian medical marijuana market is expected to witness a comparatively slower growth than its counterparts in North America; this is mainly due the stringent regulatory guidelines for prescribing medical marijuana as a therapeutic product.
In Australia, medical marijuana is prescribed based on the type of disease, depending on data obtained from clinical trials. As the government and Therapeutic Goods Administration are formulating guidelines for prescription of medical marijuana, the market is expected to witness growth in the coming years.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Australia cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
No related regions found.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account