Israel Cannabis Extract Market Size & Outlook, 2023-2030
Israel Cannabis Extract Market, 2018-2030 (US$M)
Global Market
Related Markets
Israel cannabis extract market highlights
- The Israel cannabis extract market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 40.4 million by 2030.
- The Israel market is expected to grow at a CAGR of 26.8% from 2024 to 2030.
- In terms of segment, oils was the largest revenue generating product in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabis extract market data book summary
| Market revenue in 2023 | USD 7.7 million |
| Market revenue in 2030 | USD 40.4 million |
| Growth rate | 26.8% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Tinctures |
| Key market players worldwide | Tikun Olam Cannbit Pharmaceuticals Ltd, Canopy Growth Corp, Tilray Brands Inc, Aurora Cannabis Inc, The Cronos Group, OrganiGram Holdings Inc, Aphria Inc, Maricann Group |
Other key industry trends
- In terms of revenue, Israel accounted for 0.2% of the global cannabis extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cannabis extract market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,560.9 million by 2030.
Israel has been a pioneering force in medical cannabis research since the 1960s when Hebrew University chemist Raphael Mechoulam first isolated THC, the primary psychoactive compound in marijuana. Israeli scientists and entrepreneurs remain at the forefront of innovation.
In November 2022, Cannbit-Tikun Olam Israel, a company in Israel's medical cannabis industry, disclosed the commencement of the first commercial dispatch of medical cannabis extracts produced by the company to Germany. This marked the largest quantity of cannabis extracts ever exported from Israel.
The shipment bound for Germany included numerous vials of medical cannabis extracts, each packaged in 10-gram units and featuring varying concentrations of THC and CBD, all derived from the company's full-spectrum strains cultivated at its EU-GMP-certified farm in the southern Dead Sea region.
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Cannabis Extract Market Scope
Cannabis Extract 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 |
| Aphria Inc | View profile | 501-1000 | Leamington, Ontario, Canada, North America | aphriainc.com/ |
| Tikun Olam Cannbit Pharmaceuticals Ltd | View profile | 51 | The Fourteenth, Tel Aviv, Israel | www.cannbit.com |
| Maricann Group | View profile | 51-100 | Burlington, Ontario, Canada, North America | www.maricann.com |
Israel Cannabis Extract 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 Extract Market Outlook will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 70.13% in 2023.
Horizon Databook has segmented the Israel cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Israel has been a pioneering force in medical cannabis research since the 1960s when Hebrew University chemist Raphael Mechoulam first isolated THC, the primary psychoactive compound in marijuana. Israeli scientists and entrepreneurs remain at the forefront of innovation.
In November 2022, Cannbit-Tikun Olam Israel, a company in Israel's medical cannabis industry, disclosed the commencement of the first commercial dispatch of medical cannabis extracts produced by the company to Germany. This marked the largest quantity of cannabis extracts ever exported from Israel.
The shipment bound for Germany included numerous vials of medical cannabis extracts, each packaged in 10-gram units and featuring varying concentrations of THC and CBD, all derived from the company's full-spectrum strains cultivated at its EU-GMP-certified farm in the southern Dead Sea region.
- Israel Cannabis Extract Market Product Type Outlook (Revenue, USD Million , 2018-2030)
- Oils
- Tinctures
- Israel Cannabis Extract Market Extract Type Outlook (Revenue, USD Million , 2018-2030)
- Full Spectrum
- Isolates
- Israel Cannabis Extract Market Source Outlook (Revenue, USD Million , 2018-2030)
- Hemp
- Marijuana
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Horizon Databook provides a detailed overview of country-level data and insights on the Israel Cannabis Extract Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Israel Cannabis Extract Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Israel Cannabis Extract Market, 2018-2030 (US$M)
Israel cannabis extract market statistics, by product, 2018-2030 (US$M)
