UK Cannabis Cultivation Market Size & Outlook, 2022-2030
UK cannabis cultivation market, 2018-2030 (US$M)
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UK cannabis cultivation market highlights
- The UK cannabis cultivation market generated a revenue of USD 384.1 million in 2022 and is expected to reach USD 827.8 million by 2030.
- The UK market is expected to grow at a CAGR of 10.1% 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 384.1 million |
| Market revenue in 2030 | USD 827.8 million |
| Growth rate | 10.1% (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, UK 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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UK 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 77.01% in 2022. Horizon Databook has segmented the UK cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
According to the UN International Narcotics Control Board (INCB), the UK is the largest exporter and producer of medical marijuana (including cannabis products) in the world, owing to factors such as legalization of medical cannabis and favorable climatic conditions.
The country produced nearly 95 tons of medical marijuana and exported nearly 2.1 tons in 2016. In addition, in November 2018, the UK government changed the law on medicinal cannabis consumption and moved it from schedule 1 to schedule 2 drugs, which allowed doctors to prescribe it to patients suffering from certain medical conditions.
The country mostly uses cultivated cannabis for production of Sativex (a drug used in the treatment of multiple sclerosis) and EPIDIOLEX (a drug used to treat conditions such as epilepsy); thus, a small portion is available for patients, which makes the available medical cannabis expensive. In addition, the illicit trading also hampers the cannabis cultivation market of the country.
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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 UK cannabis cultivation market , including forecasts for subscribers. This country databook contains high-level insights into UK cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cannabis cultivation market size, by biomass, 2018-2030 (US$M)
UK Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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