Germany Cannabis Cultivation Market Size & Outlook
Germany cannabis cultivation market, 2018-2030 (US$M)
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Germany cannabis cultivation market highlights
- The Germany cannabis cultivation market generated a revenue of USD 716.0 million in 2022 and is expected to reach USD 3,813.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 23.3% 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 716.0 million |
| Market revenue in 2030 | USD 3,813.0 million |
| Growth rate | 23.3% (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, Germany accounted for 0.2% 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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Germany 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 Germany cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
In January 2017, Germany legalized medical cannabis owing to the increasing demand by patients, which enabled people to obtain cannabis for medical purposes via prescription. To meet the needs of increasing population and control cannabis cultivation in the country, Germany imported medical marijuana from other countries.
However, in 2019, three companies, namely Aurora Produktions GmbH, Aphria Deutschland GmbH, and Demecan GmbH, received licenses from BfArM to produce cannabis in the country. This legalization of medical cannabis in the country has proved to be lucrative for medical cannabis producers.
Presence of a large population and high demand for medical cannabis products in the country have made Germany the most lucrative market in the world. Furthermore, since the legalization of medical cannabis, nearly 1,000 patients have been prescribed medical marijuana in Germany and this number increased to around 30,000 to 50,000, according to the 2019 report by Bank of Montreal.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Germany cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Germany Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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