Australia Cannabis Extract Market Size & Outlook
Australia cannabis extract market, 2018-2030 (US$M)
Related Markets
Australia cannabis extract market highlights
- The Australia cannabis extract market generated a revenue of USD 24.8 million in 2023 and is expected to reach USD 223.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 36.9% from 2024 to 2030.
- In terms of segment, oils was the largest revenue generating product in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabis extract market data book summary
| Market revenue in 2023 | USD 24.8 million |
| Market revenue in 2030 | USD 223.9 million |
| Growth rate | 36.9% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Tinctures |
| Key market players worldwide | Tikun Olam Cannbit Pharmaceuticals Ltd, Canopy Growth Corp, Tilray Brands Inc, Aurora Cannabis Inc, The Cronos Group, OrganiGram Holdings Inc, Aphria Inc, Maricann Group |
Other key industry trends
- In terms of revenue, Australia accounted for 0.6% of the global cannabis extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cannabis extract market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 210.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia cannabis extract 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 extract market will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 81.05% in 2023. Horizon Databook has segmented the Australia cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Key players in the market include Althea Company Pty Ltd, Cannaponics Ltd, ECS Botanics Pty Ltd, LeafCann Manufacturing Pty Ltd, Medical Cannabis Australia Pty Ltd, THC Pharma Pty Ltd, and Tikun Oceana Pty Ltd. The market players are engaging in collaborations, new product launches, partnerships, and expansion to cater to the rising demand for cannabis extracts in the country.
For instance, in July 2021, EnWave Corporation entered into a nonexclusive commercial license agreement with Cannaponics PTY Ltd. This license allowed Cannaponics to employ EnWave's patented REV technology for manufacturing cannabis products within the Australian market.
Reasons to subscribe to Australia cannabis extract market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia cannabis extract market databook
-
Our clientele includes a mix of cannabis extract market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Australia cannabis extract market , including forecasts for subscribers. This country databook contains high-level insights into Australia cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia cannabis extract market size, by product, 2018-2030 (US$M)
Australia Cannabis Extract Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
No records
No related regions found.
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
