Canada Cannabis Market to 2032
Overview
The Canada Cannabis Market is expected to reach a 416,116.42 USD Billion by 2032 and is projected to grow at a CAGR of 47.89% from 2025 to 2032.
Revenue, 2024 (USD Billion)
36,494.24
Forecast, 2032 (USD Billion)
416,116.42
CAGR, 2024 - 2032
47.89%
Report Coverage
Canada
Canada Cannabis Market 2018-2032 USD Billion
Canada Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 36,494.24 USD Billion
- Projected Market Size (2032): 416,116.42 USD Billion
- CAGR (2025-2032): 47.89%
Key Findings of Canada Cannabis Market
- The Canada Cannabis Market was valued at 36,494.24 USD Billion in 2024.
- The Canada Cannabis Market is likely to grow at a CAGR of 47.89% 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 34,389.73 USD Billion
- The fastest growing segment Recretional in Usage Segment grew Fastest with a CAGR of 57.08% during the forecast period from 2024 to 2032.
Canada Cannabis Market Scope
Canada Cannabis Market Segmentation & Scope
Distribution Channel
- Digital
- Others
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Canada Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 36,494.24 USD Billion |
| Market Value in 2032 | 416,116.42 USD Billion |
| CAGR (2025-2032) | 47.89% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Crop Variety,Usage,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 36,494.24 USD Billion in 2024
- Key Country: Canada, leading in terms of revenue with value of 36,494.24 USD Billion in 2024.
Segments and Scope
-
Canada Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in Canada Cannabis Market to 2032 with a revenue of 34,389.73 USD Billion in the year 2024.
- Physical is the Fastest growing segment in Canada Cannabis Market to 2032 with a Growth rate of 49.27 % in forecast period 2025-2032.
-
Canada Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in Canada Cannabis Market to 2032 with a revenue of 19,309.32 USD Billion in the year 2024.
- Cannabis Sativa is the Fastest growing segment in Canada Cannabis Market to 2032 with a Growth rate of 47.46 % in forecast period 2025-2032.
-
Canada Cannabis Market to 2032, By Usage
- Medical is the largest segment in Canada Cannabis Market to 2032 with a revenue of 20,611.43 USD Billion in the year 2024.
- Recretional is the Fastest growing segment in Canada Cannabis Market to 2032 with a Growth rate of 41.50 % in forecast period 2025-2032.
-
Canada Cannabis Market to 2032, By Product Type
- Buds is the largest segment in Canada Cannabis Market to 2032 with a revenue of 24,902.18 USD Billion in the year 2024.
- Buds is the Fastest growing segment in Canada Cannabis Market to 2032 with a Growth rate of 50.78 % in forecast period 2025-2032.
Canada Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
Canada Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Canada Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Canada Cannabis Market was valued at USD 36,494.24(Revenue in USD Billion) in 2022.
Canada Cannabis Market is projected to grow at a CAGR of 47.89% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the Canada Cannabis Market, holding a largest market share of 34,389.73 USD Billion in 2024
Canada Cannabis Market Scope
Canada Cannabis Market Segmentation & Scope
Distribution Channel
- Digital
- Others
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Frequently Asked Questions
The Canada Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Canada Cannabis Market was valued at USD 36,494.24(Revenue in USD Billion) in 2022.
Canada Cannabis Market is projected to grow at a CAGR of 47.89% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Cannabis Market for final year is USD 416,116.42 (USD Billion).
Canada Cannabis Market Company Profiling
Frequently Asked Questions
The Canada Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Canada Cannabis Market was valued at USD 36,494.24(Revenue in USD Billion) in 2022.
Canada Cannabis Market is projected to grow at a CAGR of 47.89% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Cannabis Market for final year is USD 416,116.42 (USD Billion).
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