Australia Cannabis Market to 2032
Overview
The Australia Cannabis Market is expected to reach a 3,505.21 USD Billion by 2032 and is projected to grow at a CAGR of 53.24% from 2025 to 2032.
Revenue, 2024 (USD Billion)
246.14
Forecast, 2032 (USD Billion)
3,505.21
CAGR, 2024 - 2032
53.24%
Report Coverage
Australia
Australia Cannabis Market 2018-2032 USD Billion
Australia Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 246.14 USD Billion
- Projected Market Size (2032): 3,505.21 USD Billion
- CAGR (2025-2032): 53.24%
Key Findings of Australia Cannabis Market
- The Australia Cannabis Market was valued at 246.14 USD Billion in 2024.
- The Australia Cannabis Market is likely to grow at a CAGR of 53.24% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Physical in Distribution Channel Segment accounted for the largest share of the market with a revenue of 229.52 USD Billion
- The fastest growing segment Cannabis Indica in Crop Variety Segment grew Fastest with a CAGR of 57.46% during the forecast period from 2024 to 2032.
Australia Cannabis Market Scope
Australia Cannabis Market Segmentation & Scope
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Distribution Channel
- Digital
- Others
- Physical
Australia Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 246.14 USD Billion |
| Market Value in 2032 | 3,505.21 USD Billion |
| CAGR (2025-2032) | 53.24% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Usage,Product Type,Crop Variety,Distribution Channel |
Regional Insights:
-
Leading Market (2024-2032): Australia, leading in terms of revenue 246.14 USD Billion in 2024
- Key Country: Australia, leading in terms of revenue with value of 246.14 USD Billion in 2024.
Segments and Scope
-
Australia Cannabis Market to 2032, By Usage
- Medical is the largest segment in Australia Cannabis Market to 2032 with a revenue of 164.89 USD Billion in the year 2024.
- Medical is the Fastest growing segment in Australia Cannabis Market to 2032 with a Growth rate of 54.13 % in forecast period 2025-2032.
-
Australia Cannabis Market to 2032, By Product Type
- Buds is the largest segment in Australia Cannabis Market to 2032 with a revenue of 164.34 USD Billion in the year 2024.
- Buds is the Fastest growing segment in Australia Cannabis Market to 2032 with a Growth rate of 56.07 % in forecast period 2025-2032.
-
Australia Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in Australia Cannabis Market to 2032 with a revenue of 152.23 USD Billion in the year 2024.
- Cannabis Indica is the Fastest growing segment in Australia Cannabis Market to 2032 with a Growth rate of 57.46 % in forecast period 2025-2032.
-
Australia Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in Australia Cannabis Market to 2032 with a revenue of 229.52 USD Billion in the year 2024.
- Physical is the Fastest growing segment in Australia Cannabis Market to 2032 with a Growth rate of 54.52 % in forecast period 2025-2032.
Australia Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
Australia Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Australia Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Australia Cannabis Market is segmented based on Segmentation Usage,Product Type,Crop Variety,Distribution Channel.
Australia Cannabis Market was valued at USD 246.14(Revenue in USD Billion) in 2022.
Australia Cannabis Market is projected to grow at a CAGR of 53.24% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the Australia Cannabis Market, holding a largest market share of 229.52 USD Billion in 2024
Australia Cannabis Market Scope
Australia Cannabis Market Segmentation & Scope
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Distribution Channel
- Digital
- Others
- Physical
Frequently Asked Questions
The Australia Cannabis Market is segmented based on Segmentation Usage,Product Type,Crop Variety,Distribution Channel.
Australia Cannabis Market was valued at USD 246.14(Revenue in USD Billion) in 2022.
Australia Cannabis Market is projected to grow at a CAGR of 53.24% during the forecast period of 2024 to 2032.
The estimated market value of the Australia Cannabis Market for final year is USD 3,505.21 (USD Billion).
Australia Cannabis Market Company Profiling
Frequently Asked Questions
The Australia Cannabis Market is segmented based on Segmentation Usage,Product Type,Crop Variety,Distribution Channel.
Australia Cannabis Market was valued at USD 246.14(Revenue in USD Billion) in 2022.
Australia Cannabis Market is projected to grow at a CAGR of 53.24% during the forecast period of 2024 to 2032.
The estimated market value of the Australia Cannabis Market for final year is USD 3,505.21 (USD Billion).
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