Chile Cannabis Cultivation Market Size & Outlook, 2022-2030
Chile Cannabis Cultivation Market, 2018-2030 (US$M)
Global Market
Related Markets
Chile cannabis cultivation market highlights
- The Chile cannabis cultivation market generated a revenue of USD 47,158.2 million in 2022 and is expected to reach USD 245,161.2 million by 2030.
- The Chile market is expected to grow at a CAGR of 22.9% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
Cannabis cultivation market data book summary
| Market revenue in 2022 | USD 47,158.2 million |
| Market revenue in 2030 | USD 245,161.2 million |
| Growth rate | 22.9% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
Other key industry trends
- In terms of revenue, Chile accounted for 12.0% of the global cannabis cultivation market in 2022.
- Country-wise, South Africa is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Chile cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 2,020.1 million by 2030.
Chile legalized marijuana for medical purposes in 2015 and is among the countries to relax its laws regarding cultivation, distribution, and consumption of cannabis. Patients with prescription can buy medical marijuana or cultivate in small quantities for personal use.
However, rules and regulations regarding personal use and cultivation are little uncertain. The sale of medical marijuana in Chile was allowed from May 2017. Moreover, a bill for decriminalization of recreational marijuana was passed in 2015 but was not approved by higher authoritative bodies of the government.
In May 2019, there was a peaceful protest by the citizens for legalization and regulation of cannabis. Such protests have made the Chilean government consider medical cannabis cultivation. Thus, in July 2019, the Chilean government authorized Agrofuturo to cultivate medical cannabis. This is a major step of the government toward cannabis cultivation, which is expected to drive the market in the country.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Canopy Growth Corp | View profile | 1,621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | www.canopygrowth.com |
| Tilray Brands Inc | View profile | 1,600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | www.tilray.com |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | cronos-groep.be/ |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | www.organigram.ca |
| Atlas Growers | View profile | 11-50 | Edmonton, Alberta, Canada, North America | www.atlasgrowers.com |
| CannTrust Holdings Inc | View profile | 576 | 3280 Langstaff Road, Unit 1, Building 1, Vaughan, ON, Canada, L4K 4Z8 | www.canntrust.ca |
| The Hydropothecary Corp | View profile | 101-250 | Gatineau, Quebec, Canada, North America | thehydropothecary.com/ |
| Cannabist Company Holdings Inc | View profile | 2,221 | 680 Fifth Avenue, 24th Floor, New York, NY, United States, 10019 | cannabistcompany.com |
| Aurora Cannabis | View profile | 1001-5000 | Edmonton, Alberta, Canada, North America | auroramj.com |
Chile Cannabis Cultivation 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 Cultivation Market Outlook will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 78.2% in 2022.
Horizon Databook has segmented the Chile cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Chile legalized marijuana for medical purposes in 2015 and is among the countries to relax its laws regarding cultivation, distribution, and consumption of cannabis. Patients with prescription can buy medical marijuana or cultivate in small quantities for personal use.
However, rules and regulations regarding personal use and cultivation are little uncertain. The sale of medical marijuana in Chile was allowed from May 2017. Moreover, a bill for decriminalization of recreational marijuana was passed in 2015 but was not approved by higher authoritative bodies of the government.
In May 2019, there was a peaceful protest by the citizens for legalization and regulation of cannabis. Such protests have made the Chilean government consider medical cannabis cultivation. Thus, in July 2019, the Chilean government authorized Agrofuturo to cultivate medical cannabis. This is a major step of the government toward cannabis cultivation, which is expected to drive the market in the country.
- Chile Cannabis Cultivation Market Biomass Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Chile Cannabis Cultivation Market Application Outlook (Revenue, USD Million , 2018-2030)
- Medical
- Adult Use
- Industrial
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile Cannabis Cultivation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Chile Cannabis Cultivation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Chile Cannabis Cultivation Market, 2018-2030 (US$M)
Chile cannabis cultivation market statistics, by biomass, 2018-2030 (US$M)
