Croatia Cannabis Cultivation Market Size & Outlook
Croatia Cannabis Cultivation Market, 2018-2030 (US$M)
Global Market
Related Markets
Croatia cannabis cultivation market highlights
- The Croatia cannabis cultivation market generated a revenue of USD 676.9 million in 2022 and is expected to reach USD 3,514.8 million by 2030.
- The Croatia 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 676.9 million |
| Market revenue in 2030 | USD 3,514.8 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, Croatia accounted for 0.2% 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 Europe, France cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,813.0 million by 2030.
Medical marijuana was approved in Croatia in October 2015 with the consent of a committee of doctors and medical experts for the treatment of tumors, AIDS, multiple sclerosis, and child epilepsy. It became the first Balkan country to approve marijuana products to treat severe diseases.
After the approval of medical marijuana, the health ministry is taking efforts to ensure that all THC-based medicines prescribed by doctors are made available to patients. According to regulations laid down by Croatian government in 2015, doctors can prescribe cannabis ointments, teas, and other extracts for the treatment of AIDS, multiple sclerosis, epilepsy, and cancer.
In addition, increasing investments by various players, growing adoption, and expansion of applications are expected to boost the market. However, restriction and regulations on the usage of medical marijuana can impede growth of the market.
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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 |
Croatia 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 78.19% in 2022.
Horizon Databook has segmented the Croatia cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Medical marijuana was approved in Croatia in October 2015 with the consent of a committee of doctors and medical experts for the treatment of tumors, AIDS, multiple sclerosis, and child epilepsy. It became the first Balkan country to approve marijuana products to treat severe diseases.
After the approval of medical marijuana, the health ministry is taking efforts to ensure that all THC-based medicines prescribed by doctors are made available to patients. According to regulations laid down by Croatian government in 2015, doctors can prescribe cannabis ointments, teas, and other extracts for the treatment of AIDS, multiple sclerosis, epilepsy, and cancer.
In addition, increasing investments by various players, growing adoption, and expansion of applications are expected to boost the market. However, restriction and regulations on the usage of medical marijuana can impede growth of the market.
- Croatia Cannabis Cultivation Market Biomass Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Croatia 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 Croatia Cannabis Cultivation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Croatia Cannabis Cultivation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Croatia Cannabis Cultivation Market, 2018-2030 (US$M)
Croatia cannabis cultivation market statistics, by biomass, 2018-2030 (US$M)
