Philippines Cannabis Market to 2032
Overview
The Philippines Cannabis Market is expected to reach a 14.69 USD Billion by 2032 and is projected to grow at a CAGR of 23.20% from 2025 to 2032.
Revenue, 2024 (USD Billion)
4.02
Forecast, 2032 (USD Billion)
14.69
CAGR, 2024 - 2032
23.20%
Report Coverage
Philippines
Philippines Cannabis Market 2018-2032 USD Billion
Philippines Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 4.02 USD Billion
- Projected Market Size (2032): 14.69 USD Billion
- CAGR (2025-2032): 23.20%
Key Findings of Philippines Cannabis Market
- The Philippines Cannabis Market was valued at 4.02 USD Billion in 2024.
- The Philippines Cannabis Market is likely to grow at a CAGR of 23.20% 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 4.02 USD Billion
- The fastest growing segment Cannabis Indica in Crop Variety Segment grew Fastest with a CAGR of 26.55% during the forecast period from 2024 to 2032.
Philippines Cannabis Market Scope
Philippines 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
Philippines Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 4.02 USD Billion |
| Market Value in 2032 | 14.69 USD Billion |
| CAGR (2025-2032) | 23.20% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Crop Variety,Usage,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 4.02 USD Billion in 2024
- Key Country: Philippines, leading in terms of revenue with value of 4.02 USD Billion in 2024.
Segments and Scope
-
Philippines Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in Philippines Cannabis Market to 2032 with a revenue of 4.02 USD Billion in the year 2024.
- Physical is the Fastest growing segment in Philippines Cannabis Market to 2032 with a Growth rate of 23.20 % in forecast period 2025-2032.
-
Philippines Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in Philippines Cannabis Market to 2032 with a revenue of 2.57 USD Billion in the year 2024.
- Cannabis Indica is the Fastest growing segment in Philippines Cannabis Market to 2032 with a Growth rate of 26.55 % in forecast period 2025-2032.
-
Philippines Cannabis Market to 2032, By Usage
- Medical is the largest segment in Philippines Cannabis Market to 2032 with a revenue of 4.02 USD Billion in the year 2024.
- Medical is the Fastest growing segment in Philippines Cannabis Market to 2032 with a Growth rate of 23.20 % in forecast period 2025-2032.
-
Philippines Cannabis Market to 2032, By Product Type
- Buds is the largest segment in Philippines Cannabis Market to 2032 with a revenue of 2.70 USD Billion in the year 2024.
- Buds is the Fastest growing segment in Philippines Cannabis Market to 2032 with a Growth rate of 26.27 % in forecast period 2025-2032.
Philippines Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
Philippines Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Philippines Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Philippines Cannabis Market was valued at USD 4.02(Revenue in USD Billion) in 2022.
Philippines Cannabis Market is projected to grow at a CAGR of 23.20% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the Philippines Cannabis Market, holding a largest market share of 4.02 USD Billion in 2024
Philippines Cannabis Market Scope
Philippines 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 Philippines Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Philippines Cannabis Market was valued at USD 4.02(Revenue in USD Billion) in 2022.
Philippines Cannabis Market is projected to grow at a CAGR of 23.20% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Cannabis Market for final year is USD 14.69 (USD Billion).
Philippines Cannabis Market Company Profiling
Frequently Asked Questions
The Philippines Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Philippines Cannabis Market was valued at USD 4.02(Revenue in USD Billion) in 2022.
Philippines Cannabis Market is projected to grow at a CAGR of 23.20% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Cannabis Market for final year is USD 14.69 (USD Billion).
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