Australia Cbd Pouches Market Size & Outlook, 2023-2030
Australia cbd pouches market, 2018-2030 (US$M)
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Australia cbd pouches market highlights
- The Australia cbd pouches market generated a revenue of USD 1,443.6 million in 2023 and is expected to reach USD 7,335.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 26.1% from 2024 to 2030.
- In terms of segment, 10 mg -20 mg was the largest revenue generating cbd content in 2023.
- 10 mg -20 mg is the most lucrative cbd content segment registering the fastest growth during the forecast period.
Cbd pouches market data book summary
| Market revenue in 2023 | USD 1,443.6 million |
| Market revenue in 2030 | USD 7,335.1 million |
| Growth rate | 26.1% (CAGR from 2023 to 2030) |
| Largest segment | 10 mg -20 mg |
| Fastest growing segment | 10 mg -20 mg |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upto 10 mg, 10 mg -20 mg |
| Key market players worldwide | Swedish Match, Metolius, Canna Flora Hemp, Canndid, Cannadips |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global cbd pouches market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Thailand cbd pouches market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,818.9 million by 2030.
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CBD Pouches Market Scope
CBD Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia cbd pouches 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 cbd pouches market will help companies and investors design strategic landscapes.
10 mg -20 mg was the largest segment with a revenue share of 48.78% in 2023. Horizon Databook has segmented the Australia cbd pouches market based on upto 10 mg, 10 mg -20 mg covering the revenue growth of each sub-segment from 2018 to 2030.
One of the key drivers of the Australian CBD market is the increasing public awareness and acceptance of the health benefits associated with CBD consumption. As more people become aware of the potential therapeutic properties of CBD, there is a growing demand for CBD products in various forms.
The growing legalization of marijuana, particularly for medical purposes, is playing a crucial role in driving the CBD market in Australia. With regulatory frameworks evolving to allow for the use of medicinal cannabis products, including those containing CBD, there is a rising demand for these products among patients seeking alternative treatment options.
There is a rise in the number of Cannabis Health Tech startups such as Little Green Pharma and Elixinol Global. Additional government support and regulatory changes are also fueling the growth of the Australian CBD market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia cbd pouches market, including forecasts for subscribers. This country databook contains high-level insights into Australia cbd pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cbd pouches market report size, by cbd content, 2018-2030 (US$M)
Australia CBD Pouches Market Share, 2023 & 2030 (US$M)
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