Global Cannabis Market to 2032
Overview
The Global Cannabis Market is expected to reach a 412,292.16 USD Billion by 2032 and is projected to grow at a CAGR of 13.98% from 2025 to 2032.
Revenue, 2024 (USD Billion)
101,766.44
Forecast, 2032 (USD Billion)
412,292.16
CAGR, 2024 - 2032
13.98%
Report Coverage
Global
Global Cannabis Market 2018-2032 USD Billion
Global Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 101,766.44 USD Billion
- Projected Market Size (2032): 412,292.16 USD Billion
- CAGR (2025-2032): 13.98%
Key Findings of Global Cannabis Market
- The Global Cannabis Market was valued at 412,292.16 USD Billion in 2024.
- The Global Cannabis Market is likely to grow at a CAGR of 13.98% 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 95,656.87 USD Billion
- The fastest growing segment Recretional in Usage Segment grew Fastest with a CAGR of 16.73% during the forecast period from 2024 to 2032.
Global Cannabis Market Scope
Global 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
Global Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 101,766.44 USD Billion |
| Market Value in 2032 | 412,292.16 USD Billion |
| CAGR (2025-2032) | 13.98% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Crop Variety,Usage,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 101,766.44 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 60,172.92 USD Billion in 2024.
Segments and Scope
-
Global Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in Global Cannabis Market to 2032 with a revenue of 95,656.87 USD Billion in the year 2024.
- Physical is the Fastest growing segment in Global Cannabis Market to 2032 with a Growth rate of 14.26 % in forecast period 2025-2032.
-
Global Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in Global Cannabis Market to 2032 with a revenue of 53,706.58 USD Billion in the year 2024.
- Cannabis Sativa is the Fastest growing segment in Global Cannabis Market to 2032 with a Growth rate of 13.95 % in forecast period 2025-2032.
-
Global Cannabis Market to 2032, By Usage
- Medical is the largest segment in Global Cannabis Market to 2032 with a revenue of 58,335.33 USD Billion in the year 2024.
- Recretional is the Fastest growing segment in Global Cannabis Market to 2032 with a Growth rate of 11.86 % in forecast period 2025-2032.
-
Global Cannabis Market to 2032, By Product Type
- Buds is the largest segment in Global Cannabis Market to 2032 with a revenue of 68,876.33 USD Billion in the year 2024.
- Buds is the Fastest growing segment in Global Cannabis Market to 2032 with a Growth rate of 14.55 % in forecast period 2025-2032.
Global Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
Global Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Global Cannabis Market was valued at USD 101,766.44(Revenue in USD Billion) in 2022.
Global Cannabis Market is projected to grow at a CAGR of 13.98% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the Global Cannabis Market, holding a largest market share of 95,656.87 USD Billion in 2024
Global Cannabis Market Scope
Global 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 Global Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Global Cannabis Market was valued at USD 101,766.44(Revenue in USD Billion) in 2022.
Global Cannabis Market is projected to grow at a CAGR of 13.98% during the forecast period of 2024 to 2032.
The estimated market value of the Global Cannabis Market for final year is USD 412,292.16 (USD Billion).
Global Cannabis Market Company Profiling
Frequently Asked Questions
The Global Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Global Cannabis Market was valued at USD 101,766.44(Revenue in USD Billion) in 2022.
Global Cannabis Market is projected to grow at a CAGR of 13.98% during the forecast period of 2024 to 2032.
The estimated market value of the Global Cannabis Market for final year is USD 412,292.16 (USD Billion).
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