New Zealand Cannabidiol Market Size & Outlook, 2024-2030
- Cannabis
- Cannabidiol & Cannabinoids
- Cannabidiol Market Outlook
- Cannabidiol & Cannabinoids
Global Market
Related Markets
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New Zealand cannabidiol market highlights
- The New Zealand cannabidiol market generated a revenue of USD 15.7 million in 2024 and is expected to reach USD 33.0 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 13.2% 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 15.7 million |
| Market revenue in 2030 | USD 33.0 million |
| Growth rate | 13.2% (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, New Zealand accounted for 0.2% 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.
The use of medical cannabis has been legalized in New Zealand since December 2018, when the government passed a law to make medical cannabis available to the large patient population suffering from chronic pain. The law also allows manufacturers to produce medicinal cannabis products for local and international markets.
Hence, the medical cannabis market in the country is expected to witness significant growth. Furthermore, in April 2020, the New Zealand Ministry of Health launched a new Medical Cannabis Scheme. The scheme aims to enhance the accessibility of quality medical cannabis products for patients by allowing domestic commercial cultivation, manufacturing, and distribution.
It aligns with the Misuse of Drugs (Medicinal Cannabis) Regulations 2019 and sets quality and licensing standards. The Minister of Health, Dr. David Clark, anticipates that the new regulations will facilitate local cultivation and production of medicinal cannabis, potentially providing relief for numerous individuals.
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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 |
New Zealand 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 62.42% in 2024.
Horizon Databook has segmented the New Zealand cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
The use of medical cannabis has been legalized in New Zealand since December 2018, when the government passed a law to make medical cannabis available to the large patient population suffering from chronic pain. The law also allows manufacturers to produce medicinal cannabis products for local and international markets.
Hence, the medical cannabis market in the country is expected to witness significant growth. Furthermore, in April 2020, the New Zealand Ministry of Health launched a new Medical Cannabis Scheme. The scheme aims to enhance the accessibility of quality medical cannabis products for patients by allowing domestic commercial cultivation, manufacturing, and distribution.
It aligns with the Misuse of Drugs (Medicinal Cannabis) Regulations 2019 and sets quality and licensing standards. The Minister of Health, Dr. David Clark, anticipates that the new regulations will facilitate local cultivation and production of medicinal cannabis, potentially providing relief for numerous individuals.
- New Zealand Cannabidiol Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- New Zealand 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 New Zealand Cannabidiol Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into New Zealand Cannabidiol Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
New Zealand Cannabidiol Market, 2018-2030 (US$M)
New Zealand cannabidiol market statistics, by product, 2018-2030 (US$M)
