Middle East & Africa Cannabis Cultivation Market Size & Outlook
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MEA cannabis cultivation market highlights
- The MEA cannabis cultivation market generated a revenue of USD 286,596.0 million in 2022.
- The market is expected to grow at a CAGR of 21.4% 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.
- Country-wise, Israel is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 286,596.0 million |
| Market revenue in 2030 | USD 1,354,446.8 million |
| Growth rate | 21.4% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, MEA region accounted for 73.1% of the global cannabis cultivation market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 145,592.5 million by 2030.
Key Regions: U.S. , UK , Japan , South Africa , Israel
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis | View profile | 1001-5000 | Edmonton, Alberta, Canada, North America | https://auroramj.com |
| Cannabist Company Holdings Inc | View profile | 2221 | 680 Fifth Avenue, 24th Floor, New York, NY, United States, 10019 | https://cannabistcompany.com |
| The Hydropothecary Corp | View profile | 101-250 | Gatineau, Quebec, Canada, North America | https://thehydropothecary.com/ |
| CannTrust Holdings Inc | View profile | 576 | 3280 Langstaff Road, Unit 1, Building 1, Vaughan, ON, Canada, L4K 4Z8 | https://www.canntrust.ca |
| Atlas Growers | View profile | 11-50 | Edmonton, Alberta, Canada, North America | https://www.atlasgrowers.com |
| OrganiGram Holdings Inc | View profile | 987 | 145 King Street West, Suite 1400, Toronto, ON, Canada, M5H 1J8 | https://www.organigram.ca |
| The Cronos Group | View profile | 1001-5000 | Kontich, Antwerpen, Belgium, Europe | https://cronos-groep.be/ |
| Tilray Brands Inc | View profile | 1600 | 265 Talbot Street West, Leamington, ON, Canada, N8H 5L4 | https://www.tilray.com |
| Canopy Growth Corp | View profile | 1621 | 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 | https://www.canopygrowth.com |
| Aurora Cannabis Inc | View profile | 1130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | https://www.auroramj.com |
Middle East & Africa 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 will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 77.2% in 2022. Horizon Databook has segmented the Middle East & Africa cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Cannabis regulations are quite stringent in the Middle East and Africa. The production, distribution, and consumption of any form of cannabis, including CBD, is considered illegal in the region. The penalty for possession or consumption can be as severe as a death penalty in some of the Middle Eastern countries.
Therefore, due to highly stringent regulations in the Middle East, its cannabis market is yet to witness significant growth. In Africa, cannabis and CBD are illegal. However, despite having very harsh rules for cannabis, the climatic conditions in the region are nearly perfect for its growth.
Moreover, South Africa is the only country with legal status for consumption of cannabis or hemp-based medical products. Furthermore, in Morocco, production, distribution, and consumption of cannabis is illegal and in contradiction to this, Morocco is known to be the largest and one of the major producers of Hashish, i.e., cannabis resin, in the world.
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Our clientele includes a mix of cannabis cultivation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cannabis cultivation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cannabis cultivation market size, by country, 2018-2030 (US$M)
Middle East & Africa Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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