Thailand Cannabis Market to 2032
Overview
The Thailand Cannabis Market is expected to reach a 77.11 USD Billion by 2032 and is projected to grow at a CAGR of 33.86% from 2025 to 2032.
Revenue, 2024 (USD Billion)
12.57
Forecast, 2032 (USD Billion)
77.11
CAGR, 2024 - 2032
33.86%
Report Coverage
Thailand
Thailand Cannabis Market 2018-2032 USD Billion
Thailand Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 12.57 USD Billion
- Projected Market Size (2032): 77.11 USD Billion
- CAGR (2025-2032): 33.86%
Key Findings of Thailand Cannabis Market
- The Thailand Cannabis Market was valued at 12.57 USD Billion in 2024.
- The Thailand Cannabis Market is likely to grow at a CAGR of 33.86% 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 12.57 USD Billion
- The fastest growing segment Cannabis Indica in Crop Variety Segment grew Fastest with a CAGR of 38.03% during the forecast period from 2024 to 2032.
Thailand Cannabis Market Scope
Thailand 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
Thailand Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 12.57 USD Billion |
| Market Value in 2032 | 77.11 USD Billion |
| CAGR (2025-2032) | 33.86% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,Crop Variety,Usage,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Thailand, leading in terms of revenue 12.57 USD Billion in 2024
- Key Country: Thailand, leading in terms of revenue with value of 12.57 USD Billion in 2024.
Segments and Scope
-
Thailand Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in Thailand Cannabis Market to 2032 with a revenue of 12.57 USD Billion in the year 2024.
- Physical is the Fastest growing segment in Thailand Cannabis Market to 2032 with a Growth rate of 33.86 % in forecast period 2025-2032.
-
Thailand Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in Thailand Cannabis Market to 2032 with a revenue of 8.47 USD Billion in the year 2024.
- Cannabis Indica is the Fastest growing segment in Thailand Cannabis Market to 2032 with a Growth rate of 38.03 % in forecast period 2025-2032.
-
Thailand Cannabis Market to 2032, By Usage
- Medical is the largest segment in Thailand Cannabis Market to 2032 with a revenue of 12.57 USD Billion in the year 2024.
- Medical is the Fastest growing segment in Thailand Cannabis Market to 2032 with a Growth rate of 33.86 % in forecast period 2025-2032.
-
Thailand Cannabis Market to 2032, By Product Type
- Buds is the largest segment in Thailand Cannabis Market to 2032 with a revenue of 8.65 USD Billion in the year 2024.
- Buds is the Fastest growing segment in Thailand Cannabis Market to 2032 with a Growth rate of 37.16 % in forecast period 2025-2032.
Thailand Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
Thailand Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Thailand Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Thailand Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Thailand Cannabis Market was valued at USD 12.57(Revenue in USD Billion) in 2022.
Thailand Cannabis Market is projected to grow at a CAGR of 33.86% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the Thailand Cannabis Market, holding a largest market share of 12.57 USD Billion in 2024
Thailand Cannabis Market Scope
Thailand 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 Thailand Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Thailand Cannabis Market was valued at USD 12.57(Revenue in USD Billion) in 2022.
Thailand Cannabis Market is projected to grow at a CAGR of 33.86% during the forecast period of 2024 to 2032.
The estimated market value of the Thailand Cannabis Market for final year is USD 77.11 (USD Billion).
Thailand Cannabis Market Company Profiling
Frequently Asked Questions
The Thailand Cannabis Market is segmented based on Segmentation Distribution Channel,Crop Variety,Usage,Product Type.
Thailand Cannabis Market was valued at USD 12.57(Revenue in USD Billion) in 2022.
Thailand Cannabis Market is projected to grow at a CAGR of 33.86% during the forecast period of 2024 to 2032.
The estimated market value of the Thailand Cannabis Market for final year is USD 77.11 (USD Billion).
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