New Zealand Cannabis Extract Market Size & Outlook
New Zealand cannabis extract market, 2018-2030 (US$M)
Related Markets
New Zealand cannabis extract market highlights
- The New Zealand cannabis extract market generated a revenue of USD 14.6 million in 2023 and is expected to reach USD 53.5 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 20.4% 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 14.6 million |
| Market revenue in 2030 | USD 53.5 million |
| Growth rate | 20.4% (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, New Zealand accounted for 0.3% 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.
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Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
New Zealand 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 80.82% in 2023. Horizon Databook has segmented the New Zealand cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Prominent players in the market, such as Greenfern Industries., Tilray, and Medical Kiwi, are adopting various strategies to expand their customer base and strengthen their market position. For instance, in February 2023, Medical Kiwi announced that it selected InstantGMP's software systems for regulatory support. The InstantGMP Pro software is anticipated to facilitate Medical Kiwi's compliance with European and local regulations via a friendly and single system.
Reasons to subscribe to New Zealand cannabis extract market databook:
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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 New Zealand cannabis extract market databook
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Our clientele includes a mix of cannabis extract 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 extract market , including forecasts for subscribers. This country databook contains high-level insights into New Zealand cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
New Zealand cannabis extract market size, by product, 2018-2030 (US$M)
New Zealand Cannabis Extract Market Outlook Share, 2023 & 2030 (US$M)
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