Australia Cannabis Testing Services Market Size & Outlook
Australia cannabis testing services market, 2018-2030 (US$M)
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Australia Cannabis testing services market insights
- The Australia cannabis testing services market generated a revenue of USD 33.8 million in 2023.
- The market is anticipated to grow at a CAGR of 28.9% from 2024 to 2030.
- In terms of segment, potency testing was the largest segment in 2023.
- Potency Testing is the most lucrative product segment registering the fastest growth during the forecast period.
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Cannabis Testing Services Market Scope
Cannabis Testing Services Market Companies
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Australia cannabis testing services 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 testing services market will help companies and investors design strategic landscapes.
According to Office of Drug Control (ODC) within the Department of Health, the country grants licenses to individual cultivators of cannabis. As the cultivation scheme is new, sponsored import of cannabis is still allowed via licenses granted.
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Our clientele includes a mix of cannabis testing services 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 Australia cannabis testing services market, including forecasts for subscribers. This country databook contains high-level insights into Australia cannabis testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cannabis testing services market size, by service type, 2018-2030 (US$M)
Australia Cannabis Testing Services Market Share, 2023 & 2030 (US$M)
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