China Cannabis Cultivation Market Size & Outlook
China cannabis cultivation market, 2018-2030 (US$M)
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China cannabis cultivation market highlights
- The China cannabis cultivation market generated a revenue of USD 9,878.3 million in 2022 and is expected to reach USD 52,446.0 million by 2030.
- The China market is expected to grow at a CAGR of 23.2% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Hemp 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 9,878.3 million |
| Market revenue in 2030 | USD 52,446.0 million |
| Growth rate | 23.2% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp |
| 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, China accounted for 2.5% 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 Asia Pacific, China cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 52,446.0 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 100% in 2022. Horizon Databook has segmented the China cannabis cultivation market based on hemp covering the revenue growth of each sub-segment from 2018 to 2030.
Marijuana is illegal in China, but cultivation and production of hemp have been established businesses since centuries. China is the largest cultivator of hemp in Asia and cultivates nearly half of the hemp production of the world. Presently, China has allowed cultivation of hemp in three provinces: Yunnan, Heilongjiang, and Jilin.
The country also exports approximately 90% of the produce to the U.S., Germany, the UK, the Netherlands, and Japan. China is also considered to be a superpower in hemp production, as it currently owns 300 hemp patents out of total 660 in the world and provides half of the world’s hemp products. Moreover, the country is looking to produce CBD from hemp.
Furthermore, China is currently allowing sale of hemp oil and use of hemp derivatives in cosmetics. They are provided by only four Chinese companies that hold special licenses to grow and process hemp.
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Target buyers of China cannabis cultivation market databook
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Our clientele includes a mix of cannabis cultivation market companies, investment firms, advisory firms & academic institutions.
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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 China cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into China cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cannabis cultivation market size, by biomass, 2018-2030 (US$M)
China Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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