Middle East and Africa (MEA) Cannabis Market Summary, Competitive Analysis and Forecast to 2029
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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 $2,999.9 million 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 $1,703.5 million, 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?
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