South Africa CBD Market to 2032
Overview
The South Africa CBD Market is expected to reach a 855.67 USD Million by 2032 and is projected to grow at a CAGR of 30.77% from 2025 to 2032.
Revenue, 2024 (USD Million)
156.38
Forecast, 2032 (USD Million)
855.67
CAGR, 2024 - 2032
30.77%
Report Coverage
South Africa
South Africa CBD Market 2018-2032 USD Million
South Africa CBD Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 156.38 USD Million
- Projected Market Size (2032): 855.67 USD Million
- CAGR (2025-2032): 30.77%
Key Findings of South Africa CBD Market
- The South Africa CBD Market was valued at 156.38 USD Million in 2024.
- The South Africa CBD Market is likely to grow at a CAGR of 30.77% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Organic in Nature Segment accounted for the largest share of the market with a revenue of 114.92 USD Million
- The fastest growing segment Tincture in Application Segment grew Fastest with a CAGR of 34.45% during the forecast period from 2024 to 2032.
South Africa CBD Market Scope
South Africa CBD Market Segmentation & Scope
Product Type
- Others
- Cannabidiol (CBD) Concentrates
- Cannabidiol (CBD) Isolates
- Cannabidiol (CBD) Oil
Nature
- Inorganic
- Organic
Grade
- Therapeutic Grade
- Food Grade
Application
- Others
- Topicals
- Beverages
- Dietary Supplements
- Pharmaceuticals
- Food
- Tincture
Source
- Marijuana
- Hemp
South Africa CBD Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 156.38 USD Million |
| Market Value in 2032 | 855.67 USD Million |
| CAGR (2025-2032) | 30.77% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Product Type,Nature,Grade,Application,Source |
Regional Insights:
-
Leading Market (2024-2032): South Africa, leading in terms of revenue 156.38 USD Million in 2024
- Key Country: South Africa, leading in terms of revenue with value of 156.38 USD Million in 2024.
Segments and Scope
-
South Africa CBD Market to 2032, By Product Type
- Cannabidiol (CBD) Oil is the largest segment in South Africa CBD Market to 2032 with a revenue of 80.32 USD Million in the year 2024.
- Cannabidiol (CBD) Oil is the Fastest growing segment in South Africa CBD Market to 2032 with a Growth rate of 31.44 % in forecast period 2025-2032.
-
South Africa CBD Market to 2032, By Nature
- Organic is the largest segment in South Africa CBD Market to 2032 with a revenue of 114.92 USD Million in the year 2024.
- Organic is the Fastest growing segment in South Africa CBD Market to 2032 with a Growth rate of 31.97 % in forecast period 2025-2032.
-
South Africa CBD Market to 2032, By Grade
- Food Grade is the largest segment in South Africa CBD Market to 2032 with a revenue of 100.36 USD Million in the year 2024.
- Therapeutic Grade is the Fastest growing segment in South Africa CBD Market to 2032 with a Growth rate of 28.86 % in forecast period 2025-2032.
-
South Africa CBD Market to 2032, By Application
- Tincture is the largest segment in South Africa CBD Market to 2032 with a revenue of 43.99 USD Million in the year 2024.
- Tincture is the Fastest growing segment in South Africa CBD Market to 2032 with a Growth rate of 34.45 % in forecast period 2025-2032.
-
South Africa CBD Market to 2032, By Source
- Hemp is the largest segment in South Africa CBD Market to 2032 with a revenue of 92.40 USD Million in the year 2024.
- Hemp is the Fastest growing segment in South Africa CBD Market to 2032 with a Growth rate of 31.93 % in forecast period 2025-2032.
South Africa CBD Market Company Share Analysis
| Company Name |
|
||
| Jazz Pharmaceuticals, Inc. | |||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| Curaleaf | |||
South Africa CBD Market Geographical Sales Distribution, 2018-2032 USD Million
South Africa CBD Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Africa CBD Market is segmented based on Segmentation Product Type,Nature,Grade,Application,Source.
South Africa CBD Market was valued at USD 156.38(Revenue in USD Million) in 2022.
South Africa CBD Market is projected to grow at a CAGR of 30.77% during the forecast period of 2024 to 2032.
The Organic segment is expected to dominate the South Africa CBD Market, holding a largest market share of 114.92 USD Million in 2024
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South Africa CBD Market Scope
South Africa CBD Market Segmentation & Scope
Product Type
- Others
- Cannabidiol (CBD) Concentrates
- Cannabidiol (CBD) Isolates
- Cannabidiol (CBD) Oil
Nature
- Inorganic
- Organic
Grade
- Therapeutic Grade
- Food Grade
Application
- Others
- Topicals
- Beverages
- Dietary Supplements
- Pharmaceuticals
- Food
- Tincture
Source
- Marijuana
- Hemp
Frequently Asked Questions
The South Africa CBD Market is segmented based on Segmentation Product Type,Nature,Grade,Application,Source.
South Africa CBD Market was valued at USD 156.38(Revenue in USD Million) in 2022.
South Africa CBD Market is projected to grow at a CAGR of 30.77% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa CBD Market for final year is USD 855.67 (USD Million).
South Africa CBD Market Company Profiling
Frequently Asked Questions
The South Africa CBD Market is segmented based on Segmentation Product Type,Nature,Grade,Application,Source.
South Africa CBD Market was valued at USD 156.38(Revenue in USD Million) in 2022.
South Africa CBD Market is projected to grow at a CAGR of 30.77% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa CBD Market for final year is USD 855.67 (USD Million).
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