France Cannabis Cultivation Market Size & Outlook
France cannabis cultivation market, 2018-2030 (US$M)
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France cannabis cultivation market highlights
- The France cannabis cultivation market generated a revenue of USD 4,463.3 million in 2022 and is expected to reach USD 22,101.6 million by 2030.
- The France market is expected to grow at a CAGR of 22.1% 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 4,463.3 million |
| Market revenue in 2030 | USD 22,101.6 million |
| Growth rate | 22.1% (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, France accounted for 1.1% 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 Europe, France cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,813.0 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 France cannabis cultivation market based on hemp covering the revenue growth of each sub-segment from 2018 to 2030.
While marijuana strictly remains illegal in France, hemp and hemp products are legalized in the country if the THC content is below or up to 0.2%. The country continues to be the dominant player in production of hemp and reportedly had 17,000 Hectare of area for its cultivation in 2017.
Increasing demand for hemp seeds and oil in processed foods & beverages due to their dietary advantages has contributed to the growth of cannabis cultivation market in France. Moreover, the consumption & demand for cannabis and its products in France is slightly lower than other European countries.
However, increase in awareness can lead to growth of cannabis market in the country. Furthermore, due to major players trying to enter the market and supportive reforms by the French government, the usage & awareness are likely to increase, which is expected to fuel the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the France cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into France cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France cannabis cultivation market size, by biomass, 2018-2030 (US$M)
France Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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