Spain Cannabis Cultivation Market Size & Outlook
Spain cannabis cultivation market, 2018-2030 (US$M)
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Spain cannabis cultivation market highlights
- The Spain cannabis cultivation market generated a revenue of USD 493.1 million in 2022 and is expected to reach USD 2,621.6 million by 2030.
- The Spain 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 493.1 million |
| Market revenue in 2030 | USD 2,621.6 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, Spain 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 Europe, France cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,813.0 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 Spain cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Spanish laws with respect to cannabis are quite liberal. The possession of cannabis and its consumption remains legal, i.e., decriminalized, in the country, only at private places. The consumption of cannabis at public place is strictly forbidden.
In addition, the cultivation of cannabis for private or personal use is decriminalized in the country. Moreover, hemp cultivation for industrial purposes is completely legal in the country. With favorable climatic conditions, the farmers are capitalizing on the economic aspect of the plant.
Hence, increasing hemp cultivation is expected to fuel growth of the market. Furthermore, lack of regulations with respect to number of plants to be cultivated has led to the growth of the market in the country.
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Target buyers of Spain 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 Spain cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into Spain cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cannabis cultivation market size, by biomass, 2018-2030 (US$M)
Spain Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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