Israel Cannabis Cultivation Market Size & Outlook
Israel cannabis cultivation market, 2018-2030 (US$M)
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Israel cannabis cultivation market highlights
- The Israel cannabis cultivation market generated a revenue of USD 382.4 million in 2022 and is expected to reach USD 2,036.2 million by 2030.
- The Israel 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 382.4 million |
| Market revenue in 2030 | USD 2,036.2 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, Israel accounted for 0.1% 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 Middle East & Africa, South Africa cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,036.2 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Israel 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 78.19% in 2022. Horizon Databook has segmented the Israel cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Israel has been a supporter of medical cannabis since 1973, when it legalized medical cannabis for patients. Since then, it has been an active player in R&D of cannabis. Growth in cannabis market is likely to create research-, technology-, and management-related jobs in the country.
Israel dominated the market in MEA in 2018 due to liberal government policies, technical innovations & high research activity, and well-developed ecosystem of cannabis. Furthermore, in 2016, the government announced its plans to expand the number of authorized and trained doctors to prescribe medical marijuana.
In mid-2016, the government provided licenses for marijuana growers, fueling market growth. In February 2017, a government committee approved the export of cannabis. Thus, increasing cultivation and exports of medical marijuana is expected to propel market growth in the near future.
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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 Israel cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Israel cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Israel Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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