Japan Cannabidiol Market Size & Outlook, 2024-2030
- Cannabis
- Cannabidiol & Cannabinoids
- Cannabidiol Market Outlook
- Cannabidiol & Cannabinoids
Global Market
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Japan cannabidiol market highlights
- The Japan cannabidiol market generated a revenue of USD 147.6 million in 2024 and is expected to reach USD 713.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 30% from 2025 to 2030.
- In terms of segment, hemp was the largest revenue generating product in 2024.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabidiol market data book summary
| Market revenue in 2024 | USD 147.6 million |
| Market revenue in 2030 | USD 713.8 million |
| Growth rate | 30% (CAGR from 2025 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Medical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp |
Other key industry trends
- In terms of revenue, Japan accounted for 1.6% of the global cannabidiol market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 247.6 million by 2030.
Consumption and cultivation of cannabis are illegal in Japan as the Japanese government termed cannabis a narcotic drug. However, the government is adopting a lenient approach toward medical cannabis due to the increase in patient population and the legalization of medical cannabis in Western countries.
For instance, recently, in March 2019, Japan approved clinical trials on a cannabis-based drug Epidiolex for treating epileptic patients. These trials are the first step toward using medical cannabis. If these trials are successful, the government may legalize the use of medical cannabis. Although Japan has a strict policy toward cannabis use, it allows the import and use of CBD, as it is regarded to be a non-psychopathic compound.
Thus, patients use CBD-based products to meet their medical needs. This has boosted demand for CBD products in Japan, which in turn helps foreign companies to enter the market. For instance, in 2018, Phivida Holdings a U.S.-based company shipped CBD oil and capsules to distributors in Japan. In 2019, Touchstone Essentials received approval to sell CBD oil and balm in the Japanese market.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| Medical Marijuana Inc | View profile | 85 | 2384 La Mirada Drive, Vista, CA, United States, 92081 | www.medicalmarijuanainc.com |
| Elixinol Wellness Ltd Ordinary Shares | View profile | - | 680 George Street, Level 12, Sydney, NSW, Australia, 2000 | www.elixinolwellness.com |
| Isodiol International Inc | View profile | 197 | 200 Granville Street, Suite 2710, Vancouver, BC, Canada, V6C 1S4 | www.isodiol.com |
| Endoca | View profile | 1-10 | Hoofddorp, Noord-Holland, The Netherlands, Europe | www.endoca.com/pl |
| Folium Biosciences | View profile | 101-250 | Colorado Springs, Colorado, United States, North America | foliumbiosciences.com/ |
| NuLeaf Naturals | View profile | 51-100 | Denver, Colorado, United States, North America | nuleafnaturals.com/ |
| PharmaHemp | View profile | 51-100 | Ljubljana, Ljubljana Urban Commune, Slovenia, Europe | b2b.pharma-hemp.com |
Japan Cannabidiol 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 Cannabidiol Market Outlook will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 86.92% in 2024.
Horizon Databook has segmented the Japan cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Consumption and cultivation of cannabis are illegal in Japan as the Japanese government termed cannabis a narcotic drug. However, the government is adopting a lenient approach toward medical cannabis due to the increase in patient population and the legalization of medical cannabis in Western countries.
For instance, recently, in March 2019, Japan approved clinical trials on a cannabis-based drug Epidiolex for treating epileptic patients. These trials are the first step toward using medical cannabis. If these trials are successful, the government may legalize the use of medical cannabis. Although Japan has a strict policy toward cannabis use, it allows the import and use of CBD, as it is regarded to be a non-psychopathic compound.
Thus, patients use CBD-based products to meet their medical needs. This has boosted demand for CBD products in Japan, which in turn helps foreign companies to enter the market. For instance, in 2018, Phivida Holdings a U.S.-based company shipped CBD oil and capsules to distributors in Japan. In 2019, Touchstone Essentials received approval to sell CBD oil and balm in the Japanese market.
- Japan Cannabidiol Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Japan Cannabidiol Market Sale Type Outlook (Revenue, USD Million , 2018-2030)
- B2B
- B2C
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan Cannabidiol Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Cannabidiol Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Cannabidiol Market, 2018-2030 (US$M)
Japan cannabidiol market statistics, by product, 2018-2030 (US$M)
