India Cannabis Cultivation Market Size & Outlook
India cannabis cultivation market, 2018-2030 (US$M)
Related Markets
India cannabis cultivation market highlights
- The India cannabis cultivation market generated a revenue of USD 5,151.2 million in 2022 and is expected to reach USD 27,426.1 million by 2030.
- The India 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.
- 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 5,151.2 million |
| Market revenue in 2030 | USD 27,426.1 million |
| Growth rate | 23.2% (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, India accounted for 1.3% 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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India 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 India cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Uttarakhand, a state from North India, has been allowed to cultivate hemp for commercial purposes since 2018. Uttar Pradesh became the second state to legalize cultivation of hemp for commercial purposes.
Products such as oils extracted from hemp—containing THC less than 0.3%—are available for sale, mostly through online portals. Vape cartridges and capsules with THC content less than 0.3% are permitted for sale in the country. These supportive reforms with respect to sale of hemp products are fueling growth of cannabis cultivation market in the country.
Moreover, the Ministry of AYUSH has a positive stance toward research on hemp varieties. In 2017, the Council of Scientific and Industrial Research (CSIR) and Bombay Hemp Company (BOHECO) were sanctioned licenses by the government for cultivation of cannabis for medicinal & research purposes, mainly for epilepsy, cancer, and sickle cell anemia.
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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 India cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into India cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cannabis cultivation market size, by biomass, 2018-2030 (US$M)
India Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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