The Australia Legal Cannabis Market witnessed a valuation of US$ 51.8 Mn in 2020, and it is projected to experience a robust growth rate of 32.7% from 2021 to 2027, ultimately reaching an impressive US$ 375.7 Mn.
Australia Legal Cannabis Market Overview
The "Australia Legal Cannabis Market" Research Report provides an extensive examination of strategies, micro and macro market trends, pricing analysis, short-term market conditions, and a comprehensive assessment of primary competitors. The report delves into forthcoming trends projected to shape the evolution of the Australia Legal Cannabis market.
Australia Legal Cannabis Market Report Scope and Research Methodology
The document presents a comprehensive analysis of the worldwide Australia Legal Cannabis market, encompassing insights into its growth trajectories, competitive landscape assessment, and developmental status across different regions. The Australia Legal Cannabis market report encompasses a range of key players, including import and export consumption, supply and demand dynamics, cost structures, pricing trends, revenue streams, and gross margins. The research methodology involves a thorough exploration of multiple factors influencing the Australia Legal Cannabis sector, encompassing governmental policies, competitive outlook, historical data, prevailing market trends, technological advancements, emerging innovations, and progress within related industries. The utilization of SWOT analysis is leveraged to delineate the strengths and weaknesses of pivotal players in the Australia Legal Cannabis sector.
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Market Dynamics:
The industry is propelled by a growing understanding of the health benefits associated with cannabis consumption. Notably, in July 2020, 41.0% of Australians supported cannabis legalization, indicating a significant shift in public opinion. Additionally, the rising burden of illness and chronic pain across the country is contributing to the surge in demand for pain management therapy.
Australia Legal Cannabis Market Regional Insights
The Australia Legal Cannabis market study includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Australia Legal Cannabis market size has been provided at local, regional and global levels.
Market Segment Analysis:
- Hemp Segment: In 2020, the hemp category dominated the Australian legal cannabis market, accounting for 84.9% of total sales. This growth is attributed to increasing cases of epilepsy and sleep disorders, leading to heightened use of hemp-based products for their health benefits.
- Marijuana Segment: Expected to experience the fastest growth, this segment is being driven by the legalization of medical marijuana, resulting in a substantial reduction in the illicit market.
- Industrial Use Segment: In 2020, the industrial application segment led the market, accounting for 83.2% of revenue. This was due to the heightened demand for hemp fibers and oil in various industries, such as construction, automotive, personal care, food and beverage, and textile.
- Medicinal Application Segment: Anticipated to exhibit rapid growth, this segment is bolstered by a growing awareness of the health advantages of cannabis products and the Australian government's support for medical cannabis use.
Australia Legal Cannabis Key Competitors
• 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)
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Table of content for the Australia Legal Cannabis Market includes:
Part 01: Executive Summary
Part 02: Scope of the Australia Legal Cannabis Market Report
Part 03: Global Australia Legal Cannabis Market Landscape
Part 04: Global Australia Legal Cannabis Market Sizing
Part 05: Global Australia Legal Cannabis Market Segmentation
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Australia Legal Cannabis Market:
- What is Australia Legal Cannabis?
- What are the global and regional trends in the Australia Legal Cannabis Market?
- Which Australia Legal Cannabis market segment is expected to grow at a high rate during the forecast period?
- Which factors are expected to drive the Australia Legal Cannabis market during the forecast period?
- What are the major challenges that the Australia Legal Cannabis Market could face in the future?
- How is the intervention from regulatory authority is shaping the Australia Legal Cannabis Market?
- What growth strategies are the players considering to increase their presence in Automotive Relay Market?
- Which region held the largest Australia Legal Cannabis market share?
Key Offerings:
- Past Market Size and Competitive Landscape (2016 to 2019)
- Past Pricing and price curve by region (2016 to 2019)
- Market Size, Share, Size & Forecast by different segment | 2021−2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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