Asia Pacific Legal Marijuana Market Size & Outlook
Related Markets
Asia Pacific legal marijuana market highlights
- The Asia Pacific legal marijuana market generated a revenue of USD 277.1 million in 2023.
- The market is expected to grow at a CAGR of 80% from 2024 to 2030.
- In terms of segment, medical use was the largest revenue generating application in 2023.
- Adult Use is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 277.1 million |
| Market revenue in 2030 | USD 16,968.5 million |
| Growth rate | 80% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, MediPharm Labs Corp, The Cronos Group, Wayland Group Corp, OrganiGram Holdings Inc, Lexaria Bioscience Corp, GW Pharmaceuticals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 1.3% of the global legal marijuana 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 16,968.5 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
Legal Marijuana Market Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lexaria Bioscience Corp | View profile | 3 | 740 McCurdy Road, Suite 100, Kelowna, BC, Canada, V1X 2P7 | https://www.lexariabioscience.com |
| Wayland Group Corp | View profile | - | 845 Harrington Court, Unit 3, Burlington, ON, Canada, L7N 3P3 | https://www.waylandgroup.com |
| GW Pharmaceuticals | View profile | 51-100 | Histon, Cambridgeshire, United Kingdom, Europe | http://gwpharm.com |
| MediPharm Labs Corp | View profile | 166 | 151 John Street, Barrie, ON, Canada, L4N 2L1 | https://www.medipharmlabs.com |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | https://www.organigram.ca |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | https://cronos-groep.be/ |
| Tilray Brands Inc | View profile | 1600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | https://www.tilray.com |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
| Aurora Cannabis Inc | View profile | 1130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | https://www.auroramj.com |
Asia Pacific legal marijuana 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 legal marijuana market will help companies and investors design strategic landscapes.
Medical use was the largest segment with a revenue share of 95.38% in 2023. Horizon Databook has segmented the Asia Pacific legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Legal Marijuana Application Outlook (Revenue, USD Million, 2018-2030)
- Adult Use
- Medical Use
- Cancer
- Chronic Pain
- Multiple Sclerosis
- Post Traumatic Stress Disorder (PTSD)
- Arthritis
- Diabetes
- Epilepsy
- AIDS
- Parkinson's
- Tourettes
- Others
- Glaucoma
- Migraines
- Alzheimers's
- Depression and Anxiety
- Amyotrophic Lateral Sclerosis
- Asia Pacific Legal Marijuana Product Outlook (Revenue, USD Million, 2018-2030)
- Flower
- Oil and Tinctures
Reasons to subscribe to Asia Pacific legal marijuana 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 Asia Pacific legal marijuana market databook
-
Our clientele includes a mix of legal marijuana 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 continent-level data and insights on the Asia Pacific legal marijuana market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific legal marijuana market size, by country, 2018-2030 (US$M)
Asia Pacific Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
No records
No related statistics 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
