Middle East & Africa Cannabis Technology Market Size & Outlook
Middle East & Africa cannabis technology market, 2018-2030 (US$M)
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MEA cannabis technology market highlights
- The MEA cannabis technology market generated a revenue of USD 213.6 million in 2023.
- The market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
- In terms of segment, consumption was the largest revenue generating application in 2023.
- Warehousing is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Morocco is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 213.6 million |
| Market revenue in 2030 | USD 1,107.5 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumption |
| Fastest growing segment | Warehousing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cultivation, Processing/Manufacturing, Warehousing, Consumption |
| Key market players worldwide | Ardent Health Services, Green Thumb Industries Inc, SpringBig Holdings Inc, Demetrix, Courier Plus, Jane Technologies, LeafLink |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global cannabis technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,866.8 million by 2030.
Key Regions: U.S. , UK , Brazil , South Africa , Morocco
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Cannabis Technology Market Scope
Cannabis Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa cannabis technology 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 technology market will help companies and investors design strategic landscapes.
Consumption was the largest segment with a revenue share of 32.77% in 2023. Horizon Databook has segmented the Middle East & Africa cannabis technology market based on cultivation, processing/manufacturing, warehousing, consumption covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa cannabis technology market databook
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Our clientele includes a mix of cannabis technology 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 continent-level data and insights on the Middle East & Africa cannabis technology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cannabis technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA cannabis technology market size, by country, 2018-2030 (US$M)
Middle East & Africa Cannabis Technology Market Outlook Share, 2023 & 2030 (US$M)
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