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Australia Legal Cannabis Market Size, Share & Trends Analysis Report by Source (Marijuana, Hemp), Derivative (CBD, THC), End-use (Medical Use, Recreational Use, Industrial Use), and Segment Forecasts, 2024-2030

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    Report

  • 90 Pages
  • May 2024
  • Region: Australia
  • Grand View Research
  • ID: 5450192
The Australia legal cannabis market size is expected to reach USD 540.6 million by 2030, registering a CAGR of 27.8% from 2024 to 2030. Factors such as a growing patient population, cannabis legalization, government initiatives, and the presence of local and foreign players in the country contribute to market growth. For instance, according to the data published by the Penington Institute in 2022, approximately 250,000 medicinal cannabis prescriptions were approved up to June 2022.

The marijuana industry is booming due to the increasing adoption of marijuana for medical and adult use. Marijuana has only been legalized for medical use in Australia and is anticipated to be legalized for recreational use as well. Through these legalizations, the government can try to curb the illicit marijuana market and focus on gaining substantial revenue from taxes levied on cannabis products. Moreover, the legalization and adoption of cannabis and the launch of new cannabis products are anticipated to increase market growth. For instance, in September 2023, MediPharm Labs Corp., a pharmaceutical company, launched new GMP cannabis products, such as Beacon inhalation cartridges and medical cannabis oil, in the Australian healthcare market.

The number of patients seeking medical marijuana for therapeutic benefits has increased. Moreover, the number of companies operating in the medical marijuana market is growing. Many companies have also been listed on the Australian Stock Exchange (ASX). As the market evolves, small local players and entrepreneurs increase in the Australian legal cannabis market. These players apply for cultivation licenses and are being funded or acquired by major players. For instance, in October 2023, Vitura Health Limited, a provider of medicinal cannabis products and digital health solutions, acquired Doctors On Demand, a telehealth service company, to enter new service and product verticals.

Moreover, growing awareness among people regarding the therapeutic applications of cannabis and the launch of new cannabis-based products drive market growth. For instance, according to data published by the Penington Institute in 2022, TGA has given 70,000 medicinal cannabis approvals for chronic pain in 2021. Moreover, medicinal cannabis is approved for sleep issues, anxiety, and cancer pain.

Australia Legal Cannabis Market Report Highlights

  • By source, the hemp segment dominated the legal cannabis market in 2023, owing to its application in several medical products, textile and non-textile industries
  • Based on derivative, the CBD segment led the market in 2023, owing to the legalization of low-dose CBD products by the Therapeutic Goods Administration (TGA)
  • By end-use, the industrial application segment dominated the market in 2023, owing to the application of cannabis products in construction, personal care, food and beverage, automotive, and textile industries

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Source
1.1.2. Derivative
1.1.3. End-use
1.1.4. Estimates and Forecast Timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources
1.3.4. Primary Research
1.3.5. Details of Primary Research
1.4. Information or Data Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity Flow Analysis (Model 1)
1.6.2. Approach 1: Commodity Flow Approach
1.6.3. Volume Price Analysis (Model 2)
1.6.4. Approach 2: Volume Price Analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Source Outlook
2.2.2. Derivative Outlook
2.2.3. End-use Outlook
2.3. Competitive Insights
Chapter 3. Australia Legal Cannabis Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Australia Legal Cannabis Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier Power
3.3.1.2. Buyer Power
3.3.1.3. Substitution Threat
3.3.1.4. Threat of New Entrant
3.3.1.5. Competitive Rivalry
3.3.2. PESTEL Analysis
3.3.3. Regulatory Scenario
3.3.4. Case Study Analysis
Chapter 4. Australia Legal Cannabis Market: Source Estimates & Trend Analysis
4.1. Source Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Global Australia Legal Cannabis Market by Source Outlook
4.4. Marijuana
4.4.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
4.4.2. Flower
4.4.2.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
4.4.3. Oil and Tinctures
4.4.3.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
4.5. Hemp
4.5.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
4.5.2. Hemp CBD
4.5.2.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
4.5.3. Supplements
4.5.3.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
4.5.4. Industrial Hemp
4.5.4.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
Chapter 5. Australia Legal Cannabis Market: Derivative Estimates & Trend Analysis
5.1. Derivative Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Global Australia Legal Cannabis Market by Derivative Outlook
5.4. CBD
5.4.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
5.5. THC
5.5.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
5.6. Others
5.6.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
Chapter 6. Australia Legal Cannabis Market: End-use Estimates & Trend Analysis
6.1. End-use Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Global Australia Legal Cannabis Market by End-use Outlook
6.4. Medical
6.4.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.2. Cancer
6.4.2.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.3. Chronic Pain
6.4.3.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.4. Depression and Anxiety
6.4.4.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.5. Arthritis
6.4.5.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.6. Diabetes
6.4.6.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.7. Glaucoma
6.4.7.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.8. Migraines
6.4.8.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.9. Epilepsy
6.4.9.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.10. Multiple Sclerosis
6.4.10.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.11. AIDS
6.4.11.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.12. Amyotrophic Lateral Sclerosis
6.4.12.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.13. Alzheimer’s Disease
6.4.13.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.14. Post-traumatic Stress Disorder (PTSD)
6.4.14.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.15. Parkinson's Disease
6.4.15.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.16. Tourette Syndrome
6.4.16.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.4.17. Others
6.4.17.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.5. Recreational
6.5.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
6.6. Industrial
6.6.1. Market Estimates and Forecast 2018 to 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company/Competition Categorization
7.3. Company Market Position Analysis
7.4. Company Profiles
7.4.1. Cann Group Limited
7.4.1.1. Company Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.4.2. Zelira Therapeutics
7.4.2.1. Company Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Strategic Initiatives
7.4.3. AusCann Group Holdings Ltd.
7.4.3.1. Company Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Strategic Initiatives
7.4.4. Bod Australia
7.4.4.1. Company Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Strategic Initiatives
7.4.5. Althea Group
7.4.5.1. Company Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Strategic Initiatives
7.4.6. ECOFIBRE
7.4.6.1. Company Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Strategic Initiatives
7.4.7. Botanix Pharmaceuticals
7.4.7.1. Company Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Strategic Initiatives
7.4.8. EPSILON
7.4.8.1. Company Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Strategic Initiatives
7.4.9. Little Green Pharma
7.4.9.1. Company Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Strategic Initiatives
7.4.10. Incannex
7.4.10.1. Company Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Strategic Initiatives
List of Tables
Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Australia Legal Cannabis Market, by Source, 2018-2030 (USD Million)
Table 4 Australia Legal Cannabis Market, by Derivative, 2018-2030 (USD Million)
Table 5 Australia Legal Cannabis Market, by End-use, 2018-2030 (USD Million)
List of Figures
Figure 1 Market Research Process
Figure 2 Data Triangulation Techniques
Figure 3 Primary Research Pattern
Figure 4 Market Research Approaches
Figure 5 Value-chain-based Sizing & Forecasting
Figure 6 QFD Modeling for Market Share Assessment
Figure 7 Market Formulation & Validation
Figure 8 Australia Legal Cannabis Market: Market Outlook
Figure 9 Australia Legal Cannabis Competitive Insights
Figure 10 Parent Market Outlook
Figure 11 Related/ancillary Market Outlook
Figure 12 Penetration and Growth Prospect Mapping
Figure 13 Industry Value Chain Analysis
Figure 14 Australia Legal Cannabis Market Driver Impact
Figure 15 Australia Legal Cannabis Market Restraint Impact
Figure 16 Australia Legal Cannabis Market: Source Movement Analysis
Figure 17 Australia Legal Cannabis Market: Source Outlook and Key Takeaways
Figure 18 Marijuana Market Estimates and Forecast, 2018-2030
Figure 19 Flower Market Estimates and Forecasts, 2018-2030 (USD Million)
Figure 20 Oil & Tinctures Market Estimates and Forecasts, 2018-2030 (USD Million)
Figure 21 Hemp Market Estimates and Forecast, 2018-2030
Figure 22 Hemp CBD Market Estimates and Forecast, 2018-2030
Figure 23 Supplements Market Estimates and Forecast, 2018-2030
Figure 24 Industrial Hemp Market Estimates and Forecast, 2018-2030
Figure 25 Australia Legal Cannabis Market: Derivative Movement Analysis
Figure 26 Australia Legal Cannabis Market: Derivative Outlook and Key Takeaways
Figure 27 CBD Market Estimates and Forecast, 2018-2030
Figure 28 THC Market Estimates and Forecast, 2018-2030
Figure 29 Others Market Estimates and Forecast, 2018-2030
Figure 30 Australia Legal Cannabis Market: Derivative Movement Analysis
Figure 31 Australia Legal Cannabis Market: Derivative Outlook and Key Takeaways
Figure 32 Medical Market Estimates and Forecast, 2018-2030
Figure 33 Cancer Market Estimates and Forecast, 2018-2030
Figure 34 Chronic Pain Market Estimates and Forecast, 2018-2030
Figure 35 Depression and Anxiety Market Estimates and Forecast, 2018-2030
Figure 36 Arthritis Market Estimates and Forecast, 2018-2030
Figure 37 Diabetes Market Estimates and Forecast, 2018-2030
Figure 38 Glaucoma Market Estimates and Forecast, 2018-2030
Figure 39 Migraines Market Estimates and Forecast, 2018-2030
Figure 40 Epilepsy Market Estimates and Forecast, 2018-2030
Figure 41 Multiple Sclerosis Market Estimates and Forecast, 2018-2030
Figure 42 AIDS Market Estimates and Forecast, 2018-2030
Figure 43 Amyotrophic Lateral Sclerosis Market Estimates and Forecast, 2018-2030
Figure 44 Alzheimer’s Disease Market Estimates and Forecast, 2018-2030
Figure 45 Post-traumatic Stress Disorder (PTSD) Market Estimates and Forecast, 2018-2030
Figure 46 Parkinson's Disease Market Estimates and Forecast, 2018-2030
Figure 47 Tourette Syndrome Market Estimates and Forecast, 2018-2030
Figure 48 Others Market Estimates and Forecast, 2018-2030
Figure 49 Recreational Market Estimates and Forecast, 2018-2030
Figure 50 Industrial Market Estimates and Forecast, 2018-2030
Figure 51 Market Share of Key Market Players- Australia Legal Cannabis Market

Companies Mentioned

  • Cann Group Limited
  • Zelira Therapeutics
  • AusCann Group Holdings Ltd.
  • Bod Australia
  • Althea Group
  • ECOFIBRE
  • Botanix Pharmaceuticals
  • EPSILON
  • Little Green Pharma
  • Incannex

Methodology

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Table Information