Chile Cannabis Cultivation Market Size & Outlook
Chile cannabis cultivation market, 2018-2030 (US$M)
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Chile cannabis cultivation market highlights
- The Chile cannabis cultivation market generated a revenue of USD 47,158.2 million in 2022 and is expected to reach USD 245,161.2 million by 2030.
- The Chile market is expected to grow at a CAGR of 22.9% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
Cannabis cultivation market data book summary
| Market revenue in 2022 | USD 47,158.2 million |
| Market revenue in 2030 | USD 245,161.2 million |
| Growth rate | 22.9% (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 |
Other key industry trends
- In terms of revenue, Chile accounted for 12.0% of the global cannabis cultivation market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Chile cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 2,020.1 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile cannabis cultivation 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 cannabis cultivation market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 78.2% in 2022. Horizon Databook has segmented the Chile cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Chile legalized marijuana for medical purposes in 2015 and is among the countries to relax its laws regarding cultivation, distribution, and consumption of cannabis. Patients with prescription can buy medical marijuana or cultivate in small quantities for personal use.
However, rules and regulations regarding personal use and cultivation are little uncertain. The sale of medical marijuana in Chile was allowed from May 2017. Moreover, a bill for decriminalization of recreational marijuana was passed in 2015 but was not approved by higher authoritative bodies of the government.
In May 2019, there was a peaceful protest by the citizens for legalization and regulation of cannabis. Such protests have made the Chilean government consider medical cannabis cultivation. Thus, in July 2019, the Chilean government authorized Agrofuturo to cultivate medical cannabis. This is a major step of the government toward cannabis cultivation, which is expected to drive the market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Chile cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Chile Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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