Middle East & Africa Cannabis Market to 2032
Overview
The Middle East & Africa Cannabis Market is expected to reach a 234.02 USD Billion by 2032 and is projected to grow at a CAGR of 24.41% from 2025 to 2032.
Revenue, 2024 (USD Billion)
60.19
Forecast, 2032 (USD Billion)
234.02
CAGR, 2024 - 2032
24.41%
Report Coverage
Middle East & Africa
Middle East & Africa Cannabis Market 2018-2032 USD Billion
Middle East & Africa Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 60.19 USD Billion
- Projected Market Size (2032): 234.02 USD Billion
- CAGR (2025-2032): 24.41%
Key Findings of Middle East & Africa Cannabis Market
- The Middle East & Africa Cannabis Market was valued at 60.19 USD Billion in 2024.
- The Middle East & Africa Cannabis Market is likely to grow at a CAGR of 24.41% 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 59.11 USD Billion
- The fastest growing segment Cannabis Indica in Crop Variety Segment grew Fastest with a CAGR of 28.98% during the forecast period from 2024 to 2032.
Middle East & Africa Cannabis Market Scope
Middle East & Africa Cannabis Market Segmentation & Scope
Distribution Channel
- Others
- Digital
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Middle East & Africa Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 60.19 USD Billion |
| Market Value in 2032 | 234.02 USD Billion |
| CAGR (2025-2032) | 24.41% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Crop Variety,Usage,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 60.19 USD Billion in 2024
- Key Country: RoMEA, leading in terms of revenue with value of 54.97 USD Billion in 2024.
Segments and Scope
-
Middle East & Africa Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in Middle East & Africa Cannabis Market to 2032 with a revenue of 59.11 USD Billion in the year 2024.
- Physical is the Fastest growing segment in Middle East & Africa Cannabis Market to 2032 with a Growth rate of 24.70 % in forecast period 2025-2032.
-
Middle East & Africa Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in Middle East & Africa Cannabis Market to 2032 with a revenue of 41.12 USD Billion in the year 2024.
- Cannabis Indica is the Fastest growing segment in Middle East & Africa Cannabis Market to 2032 with a Growth rate of 28.98 % in forecast period 2025-2032.
-
Middle East & Africa Cannabis Market to 2032, By Usage
- Medical is the largest segment in Middle East & Africa Cannabis Market to 2032 with a revenue of 56.84 USD Billion in the year 2024.
- Medical is the Fastest growing segment in Middle East & Africa Cannabis Market to 2032 with a Growth rate of 24.88 % in forecast period 2025-2032.
-
Middle East & Africa Cannabis Market to 2032, By Product Type
- Buds is the largest segment in Middle East & Africa Cannabis Market to 2032 with a revenue of 40.66 USD Billion in the year 2024.
- Buds is the Fastest growing segment in Middle East & Africa Cannabis Market to 2032 with a Growth rate of 27.02 % in forecast period 2025-2032.
Middle East & Africa Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
Middle East & Africa Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Middle East & Africa Cannabis Market was valued at USD 60.19(Revenue in USD Billion) in 2022.
Middle East & Africa Cannabis Market is projected to grow at a CAGR of 24.41% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the Middle East & Africa Cannabis Market, holding a largest market share of 59.11 USD Billion in 2024
Middle East & Africa Cannabis Market Scope
Middle East & Africa Cannabis Market Segmentation & Scope
Distribution Channel
- Others
- Digital
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Usage
- Recretional
- Medical
Product Type
- Others
- Oil
- Tinctures
- Buds
Frequently Asked Questions
The Middle East & Africa Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Middle East & Africa Cannabis Market was valued at USD 60.19(Revenue in USD Billion) in 2022.
Middle East & Africa Cannabis Market is projected to grow at a CAGR of 24.41% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Cannabis Market for final year is USD 234.02 (USD Billion).
Middle East & Africa Cannabis Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Middle East & Africa Cannabis Market was valued at USD 60.19(Revenue in USD Billion) in 2022.
Middle East & Africa Cannabis Market is projected to grow at a CAGR of 24.41% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Cannabis Market for final year is USD 234.02 (USD Billion).
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