South Africa Cannabis Cultivation Market Size & Outlook
South Africa cannabis cultivation market, 2018-2030 (US$M)
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South Africa cannabis cultivation market highlights
- The South Africa cannabis cultivation market generated a revenue of USD 286,213.6 million in 2022 and is expected to reach USD 1,352,410.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 21.4% 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 286,213.6 million |
| Market revenue in 2030 | USD 1,352,410.7 million |
| Growth rate | 21.4% (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, South Africa accounted for 73.0% 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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South Africa 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 77.2% in 2022. Horizon Databook has segmented the South Africa cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
In South Africa, cannabis for personal and private use was decriminalized in 2018. The country defines regulations for the cultivation of cannabis for scientific, medical, and research purposes. Owing to legalization in the country, cannabis-derived CBD products have gained popularity, and this has attracted companies to invest in the market.
Furthermore, in South Africa, the regulatory authority—South African Health Products Regulatory Authority (SAHPRA)—authorized access to cannabis-containing products for patients, in exceptional circumstances, during which, the products must be subscribed by a physician first in order to obtain permission to import the required product.
In addition, South African Department of Health and SAHPRA issued guidelines for cultivation of cannabis and to ensure accessibility to superior quality cannabis for medical, scientific, and clinical research purposes.
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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 South Africa cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cannabis cultivation market size, by biomass, 2018-2030 (US$M)
South Africa Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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