Israel Cannabis Cultivation Market Size & Outlook, 2022-2030
Israel Cannabis Cultivation Market, 2018-2030 (US$M)
Global Market
Related Markets
Israel cannabis cultivation market highlights
- The Israel cannabis cultivation market generated a revenue of USD 382.4 million in 2022 and is expected to reach USD 2,036.2 million by 2030.
- The Israel market is expected to grow at a CAGR of 23.3% 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 382.4 million |
| Market revenue in 2030 | USD 2,036.2 million |
| Growth rate | 23.3% (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, Israel accounted for 0.1% 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 Middle East & Africa, South Africa cannabis cultivation market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,036.2 million by 2030.
Israel has been a supporter of medical cannabis since 1973, when it legalized medical cannabis for patients. Since then, it has been an active player in R&D of cannabis. Growth in cannabis market is likely to create research-, technology-, and management-related jobs in the country.
Israel dominated the market in MEA in 2018 due to liberal government policies, technical innovations & high research activity, and well-developed ecosystem of cannabis. Furthermore, in 2016, the government announced its plans to expand the number of authorized and trained doctors to prescribe medical marijuana.
In mid-2016, the government provided licenses for marijuana growers, fueling market growth. In February 2017, a government committee approved the export of cannabis. Thus, increasing cultivation and exports of medical marijuana is expected to propel market growth in the near future.
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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 |
Israel 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 Israel cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Israel has been a supporter of medical cannabis since 1973, when it legalized medical cannabis for patients. Since then, it has been an active player in R&D of cannabis. Growth in cannabis market is likely to create research-, technology-, and management-related jobs in the country.
Israel dominated the market in MEA in 2018 due to liberal government policies, technical innovations & high research activity, and well-developed ecosystem of cannabis. Furthermore, in 2016, the government announced its plans to expand the number of authorized and trained doctors to prescribe medical marijuana.
In mid-2016, the government provided licenses for marijuana growers, fueling market growth. In February 2017, a government committee approved the export of cannabis. Thus, increasing cultivation and exports of medical marijuana is expected to propel market growth in the near future.
- Israel Cannabis Cultivation Market Biomass Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
- Israel 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 Israel Cannabis Cultivation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Israel Cannabis Cultivation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Israel Cannabis Cultivation Market, 2018-2030 (US$M)
Israel cannabis cultivation market statistics, by biomass, 2018-2030 (US$M)
