New Zealand Cannabis Cultivation Market Size & Outlook
New Zealand cannabis cultivation market, 2018-2030 (US$M)
Related Markets
New Zealand cannabis cultivation market highlights
- The New Zealand cannabis cultivation market generated a revenue of USD 438.7 million in 2022 and is expected to reach USD 2,335.9 million by 2030.
- The New Zealand 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 438.7 million |
| Market revenue in 2030 | USD 2,335.9 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, New Zealand 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 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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New Zealand 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 78.21% in 2022. Horizon Databook has segmented the New Zealand cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
The use of medical cannabis has been legalized in New Zealand since December 2018, when the government passed a law to make medical cannabis available to the large patient population suffering from chronic pain.
The law also allows manufacturers to produce medicinal cannabis products for local and international markets. Moreover, the government is planning to launch a scheme to improve access to medical cannabis in the country.
Hence, legal cannabis and cultivation market in the country is expected to witness significant growth over the forecast period. However, the sale and use of cannabis for recreational purposes is illegal in the country.
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Target buyers of New Zealand 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 New Zealand cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into New Zealand cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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New Zealand cannabis cultivation market size, by biomass, 2018-2030 (US$M)
New Zealand Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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