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Cannabis in Middle East & Africa

  • PDF Icon

    Report

  • 39 Pages
  • August 2025
  • Region: Africa, Middle East
  • GlobalData
  • ID: 6178632
Description Jump to:
Cannabis in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Cannabis refers to a group of three psychoactive plants: Cannabis sativa, Cannabis indica, and Cannabis ruderalis. Our market scope includes both recreational and medicinal uses of cannabis, which are governed by regulated operations. This encompasses licensing, taxation, and strict adherence to safety standards. Market value refers to revenue generated by market players in a specific year.
  • The Middle East & African cannabis market recorded revenues of $2.99 billion in 2024, representing a compound annual growth rate (CAGR) of 27.2% between 2019 and 2024.
  • The medical use segment accounted for the market's largest proportion in 2024, with total revenues of $1.70 billion, equivalent to 56.8% of the market's overall value.
  • South Africa accounted for a share of 4.2% of the Middle East & African cannabis market in 2024.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the cannabis market in Middle East & Africa
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the cannabis market in Middle East & Africa
  • Leading company profiles reveal details of key cannabis market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa cannabis market with five year forecasts

Reasons to Buy

  • What was the size of the Middle East & Africa cannabis market by value in 2024?
  • What will be the size of the Middle East & Africa cannabis market in 2029?
  • What factors are affecting the strength of competition in the Middle East & Africa cannabis market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Middle East & Africa's cannabis market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Canopy Growth Corp
8.2. MG Health Ltd
8.3. Tilray Brands Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related the analyst research
10.4. About the Analyst
List of Tables
Table 1: Middle East & Africa cannabis market value: $ million, 2019-24
Table 2: Middle East & Africa cannabis market category segmentation: % share, by value, 2019-24
Table 3: Middle East & Africa cannabis market category segmentation: $ million, 2019-24
Table 4: Middle East & Africa cannabis market geography segmentation: $ million, 2024
Table 5: Middle East & Africa cannabis market value forecast: $ million, 2024-29
Table 6: Canopy Growth Corp: Key Facts
Table 7: Canopy Growth Corp: annual financial ratios
Table 8: Canopy Growth Corp: key employees
Table 9: MG Health Ltd: Key Facts
Table 10: Tilray Brands Inc: Key Facts
Table 11: Tilray Brands Inc: annual financial ratios
Table 12: Tilray Brands Inc: key employees
Table 13: Middle East & Africa Size of Population (Million), 2019-24
Table 14: Middle East & Africa Real GDP (Constant 2010 Prices, $ Billion), 2019-24
Table 15: Middle East & Africa GDP (Current Prices, $ Billion), 2019-24
Table 16: Middle East & Africa Inflation, 2019-24
Table 17: Middle East & Africa Consumer Price Index (Absolute), 2019-24
Table 18: Middle East & Africa Exchange Rate, 2019-24
List of Figures
Figure 1: Middle East & Africa cannabis market value: $ million, 2019-24
Figure 2: Middle East & Africa cannabis market category segmentation: $ million, 2019-24
Figure 3: Middle East & Africa cannabis market geography segmentation: % share, by value, 2024
Figure 4: Middle East & Africa cannabis market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the cannabis market in Middle East & Africa, 2024
Figure 6: Drivers of buyer power in the cannabis market in Middle East & Africa, 2024
Figure 7: Drivers of supplier power in the cannabis market in Middle East & Africa, 2024
Figure 8: Factors influencing the likelihood of new entrants in the cannabis market in Middle East & Africa, 2024
Figure 9: Factors influencing the threat of substitutes in the cannabis market in Middle East & Africa, 2024
Figure 10: Drivers of degree of rivalry in the cannabis market in Middle East & Africa, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Canopy Growth Corp
  • MG Health Ltd
  • Tilray Brands Inc

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About the Market

The Cannabis market within the context of Analgesics is a rapidly growing industry. Cannabis-based products are increasingly being used as an alternative to traditional pharmaceuticals for the treatment of chronic pain. Cannabis-based products are believed to be more effective than traditional pharmaceuticals in providing relief from pain, inflammation, and other symptoms associated with chronic pain. Cannabis-based products are available in a variety of forms, including oils, tinctures, edibles, and topical creams. These products are often used in combination with traditional pharmaceuticals to provide relief from chronic pain. The Cannabis market is also being used to treat a variety of other conditions, including anxiety, depression, and insomnia. Cannabis-based products are believed to be more effective than traditional pharmaceuticals in providing relief from these conditions. The Cannabis market is also being used to treat a variety of other conditions, including anxiety, depression, and insomnia. Cannabis-based products are believed to be more effective than traditional pharmaceuticals in providing relief from these conditions. Companies in the Cannabis market include Canopy Growth Corporation, Aurora Cannabis, Tilray, and Cronos Group. These companies are involved in the production, distribution, and sale of cannabis-based products. Show Less Read more

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