Japan Cannabis Cultivation Market Size & Outlook
Japan cannabis cultivation market, 2018-2030 (US$M)
Related Markets
Japan cannabis cultivation market highlights
- The Japan cannabis cultivation market generated a revenue of USD 5,133.9 million in 2022 and is expected to reach USD 26,776.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 22.9% 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 5,133.9 million |
| Market revenue in 2030 | USD 26,776.8 million |
| Growth rate | 22.9% (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, Japan 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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Japan 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 Japan cannabis cultivation market based on hemp covering the revenue growth of each sub-segment from 2018 to 2030.
Consumption and cultivation of cannabis are illegal in Japan as the government has categorized cannabis as a narcotic drug. However, this status has not affected the consumption of cannabis in the country.
According to an article published in June 2019 in an international magazine—The Diplomat—the number of people arrested for cannabis consumption in the country increased from 3,000 in 2017 to 3,578 in 2018.
Moreover, the Japanese police is struggling to curb this increase in the number of cannabis users. However, the government has adopted a lenient approach toward medical cannabis due to increasing patient population and growing legalization of medical cannabis in western countries.
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Target buyers of Japan 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Japan cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Japan Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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