Australia Legal Cannabis Market Industry Research on Growth, Trends and Opportunity in 2027


Australia Legal Cannabis Market size was valued at US$ 51.8 Mn in 2020 and the total revenue is expected to grow at 32.7% through 2021 to 2027, reaching nearly US$ 375.7 Mn.

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A report on the  Australia Legal Cannabis Market has been released by Maximize Market Research, a leading global provider of information and analysis on the regional and global aerospace and defence industry. The report provides market sizes by region and estimates through 2029, along with other essential business data.

A wide range of market- and industry-related issues are looked into in the paper. Product launches, growth of the business, collaborations, joint ventures, and acquisitions are examples of marketing strategies. All of the essential elements of market research that are concentrated on the industry landscape have been taken into account in the creation of this study. The key market drivers, challenges, and opportunities are also covered in this market research report. The global Aerospace and Defense business consultancy firm Maximize Market Research has just released a report on the competitive landscape and market intelligence for the  Australia Legal Cannabis Market. A subject-matter expert with 18 years of experience analysed the market from both domestic and international perspectives, and the study contains both primary and secondary data.

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Australia Legal Cannabis Market Overview

By conducting a thorough statistical analysis of current and emerging trends, the fundamentals of the Australia Legal Cannabis Market may be better understood. In order to assess the importance of numerous aspects, including threats provided by various agents, competitive strength, and the understanding of a resource by aspirant young businessmen, the study examines Porter's five forces. The study looked at each country at the micro level in order to calculate the overall market size by nations and market categories. The size of the regional and worldwide markets is predicted using a method known as "bottom-up." By conducting a micro level analysis of each country, it is feasible to determine how much the underground market adds to the size of the broader market. Confirmation of the findings comes from discussions with well-known local company owners. Data from publicly accessible sources and for-profit sources are both incorporated into secondary research, which is then examined. The sources for consumption by category and supply by each player in each country are actual government figures, commercial databases, and annual reports in the case of listed companies.

Australia Legal Cannabis Market Segmentation:

With 84.9% of total sales in 2020, the hemp category dominated the Australian legal cannabis industry. Increased use of hemp-based goods, such as hemp CBD and supplements, for their many health benefits, as well as rising prevalence of illnesses like epilepsy and other sleep disorders, are both responsible for the rise. Over 250,000 people in Australia have been diagnosed with epilepsy, according to Epilepsy Action Australia. In addition, it is anticipated that demand for hemp-based building materials will rise in the future due to the expansion of these products' industrial applications and the rising popularity of green construction due to environmental deterioration. In Australia's legal cannabis market, the marijuana category is anticipated to expand at the fastest rate during the anticipated time period.

Australia Legal Cannabis Market Key Players:

• Cann Group Ltd.
• Zelira Therapeutics
• Aus Cann Group Holdings Pty Ltd.
• Bod Australia
• THC Global Group Limited
• Althea Group Holdings Limited
• Ecofibre Limited
• MGC Pharmaceuticals Ltd.
• Incannex Healthcare (IHL)
• Creso Pharma (CPH)
• Little Green Pharma (LGP)
• Botanix Pharmaceuticals
• IDT Australia (IDT)
• Zelira Therapeutics (ZLD)
• Emyria Limited (EMD)
• Medlab Clinical (MDC)
• Elixinol Wellness (EXL)
• Neurotech International (NTI)
• Rhinomed (RNO)
• Avecho Biotech (AVE)

Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa (MEA)
  • South America

The supply networks of the producers, the laws and regulations in force at the time, the cost structures, and market share are all analysed in the report's analysis of the  Australia Legal Cannabis Market. The regional marketplaces for the  Australia Legal Cannabis Market are examined by determining the worth of the locally produced goods in relation to the profit realised.

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Published in

Health , Medicine

Published on

Nov 30, 2022

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