Australia Legal Cannabis Market Size, Share & Trends Analysis Report By Product Type (Marijuana, Hemp), By Application (Medical Use, Industrial Use), And Segment Forecasts, 2021 - 2028

Australia Legal Cannabis Market Size, Share & Trends Analysis Report By Product Type (Marijuana, Hemp), By Application (Medical Use, Industrial Use), And Segment Forecasts, 2021 - 2028

Australia Legal Cannabis Market Growth & Trends

The Australia legal cannabis market size is expected to reach USD 375.7 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 32.7% from 2021 to 2028. The increasing legalization of cannabis, rising patient population, increasing government support, and the availability of local and international players in the country are some of the major factors boosting the country’s growth. In addition, the surge in medical marijuana production owing to its increasing demand in the pharmaceutical sector is further propelling overall growth. The COVD-19 pandemic has negatively impacted the country’s growth rate due to supply chain restrictions imposed due to nationwide lockdown.

As of 2020, the hemp product type segment held the largest revenue share. The market growth is attributed to the rising adoption of hemp-based products for various medical and industrial purposes. The increasing prevalence of epilepsy and other sleep disorders is aiding the product adoption thereby, positively contributing to the segment growth. On the other hand, the marijuana segment is anticipated to be the fastest-growing segment during the forecast period owing to the increasing legalization of these products for medical and adult use and increasing consumer shift towards purchasing the product through legal channels.

The industrial application segment accounted for the majority share in 2020. Growing demand for hemp fibers and oil in the construction, food and beverage, personal care, automotive, and textile industries is aiding segment growth. On the other hand, the medical application segment is expected to be the fastest-growing segment during the forecast period owing to awareness regarding health benefits offered by cannabis products for various medical applications, including anxiety, chronic pain, sleep disorder, and inflammation.

Australia Legal Cannabis Market Report Highlights

  • The market is expected to grow well by 2028 owing to the increasing legalization of cannabis in the country
  • The hemp product type segment dominated the market in 2020 due to the increasing adoption of hemp-based products
  • The industrial application segment dominated the market in 2020 owing to increasing demand for hemp-based products for various industrial purposes
Please note The report will be delivered in 2-3 business days upon order notification.


Chapter 1 Methodology and Scope
1.1 Market Segmentation
1.2 Research Methodology
1.2.1 Information Procurement
1.3 Information or Data Analysis
1.4 Market Formulation & Validation
1.4.1 Country Market: CAGR Calculation
1.5 Research Methodology
1.6 Country Based Segment Share Calculation
1.7 List of Secondary Sources
1.8 List of Primary Sources
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Segment Summary
2.3 Competitive Analysis
Chapter 3 Australia Legal Cannabis Market: Variables, Trends & Scope
3.1 Penetration & Growth Prospects Mapping
3.2 Australia Legal Cannabis: Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Rising Patient Population
3.2.1.2 Growing Legalization Of Cannabis-Based CBD Products
3.2.1.3 Entry Of International Players
3.2.2 Market Restraint Analysis
3.2.2.1 Stringent Regulations
3.2.2.2 Illicit Cannabis Trade
3.2.3 Industry Challenge
3.2.3.1 Lower market access to cannabis due to absence of legalization programs, leading to smuggling
3.2.3.2 Incomplete evidence regarding the effectiveness of medical marijuana
3.3 Regulatory Scenario
3.3.1 Australia
3.3.1.1 Overview
3.3.1.2 Cultivation
3.3.1.3 Regulatory Bodies Involved
3.3.1.4 Import/Export Scenario
3.4 Industry Analysis – SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
3.4.1 Political And Legal Landscape
3.4.2 Economic And Social Landscape
3.4.3 Technology Landscape
3.5 Industry Analysis – Porter’s Analysis
3.5.1 Threat Of New Entrants - Moderate
3.5.2 Bargaining Power Of Buyers - Low
3.5.3 Bargaining Power Of Suppliers-Moderate
3.5.4 Threat Of Substitutes-Moderate
3.5.5 Competitive Rivalry-High
3.6 Opportunity Analysis
3.7 Value Chain Analysis
3.7.1 Raw Material Trends
3.7.1.1 Market Price Evolution Of Biomass Commodity Cost (To Processor)
3.7.1.2 Manufacturing Trends
3.8 Australia Legal Cannabis User Pool
3.8.1 Estimated Number Of Cannabis Users In Australia From 2016 To 2028
Chapter 4 Australia Legal Cannabis Market: Product Type Estimates & Trend Analysis
4.1 Australia Legal Cannabis Market: Product Type Movement Analysis
4.1.1 Australia Legal Cannabis Market: Product Type Movement Analysis (2020 & 2028)
4.1.2 Hemp
4.1.2.1 Hemp market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.2.2 Hemp CBD
4.1.2.2.1 Hemp CBD market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.2.3 Supplements
4.1.2.3.1 Supplements market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.2.4 Industrial Hemp
4.1.2.4.1 Industrial hemp market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.3 Marijuana
4.1.3.1 Marijuana market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.3.2 Flower
4.1.3.2.1 Flower market estimates and forecasts, 2016 - 2028 (USD Million)
4.1.3.3 Oil & Tinctures
4.1.3.3.1 Oil & tinctures market estimates and forecasts, 2016 - 2028 (USD Million)
Chapter 5 Australia Legal Cannabis Market: Application Estimates & Trend Analysis
5.1 Australia Legal Cannabis Market: Application Movement Analysis
5.1.1 Medical Use
5.1.1.1 Medical use market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.1.2 Chronic Pain
5.1.1.2.1 Chronic pain market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.1.3 Anxiety
5.1.1.3.1 Anxiety market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.1.4 Inflammation
5.1.1.4.1 Inflammation market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.1.5 Sleep Disorders
5.1.1.5.1 Sleep disorders market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.1.6 Others
5.1.1.6.1 Others market estimates and forecasts, 2016 - 2028 (USD Million)
5.1.2 Industrial Use
5.1.2.1 Industrial use market estimates and forecasts, 2016 - 2028 (USD Million)
Chapter 6 Competitive Landscape
6.1 Company Profiles: ASX Listed Cannabis Companies
6.1.1 AUSCANN GROUP HOLDINGS LTD.
6.1.1.1 Company overview
6.1.1.2 Financial performance
6.1.1.3 Product Benchmarking
6.1.1.4 Strategic initiatives
6.1.2 CANN GROUP LIMITED
6.1.2.1 Company overview
6.1.2.2 Product Benchmarking
6.1.2.3 Financial performance
6.1.2.4 Strategic initiatives
6.1.3 BOD AUSTRALIA
6.1.3.1 Company Overview
6.1.3.2 Financial Performance
6.1.3.3 Product Benchmarking
6.1.3.4 Strategic Initiatives
6.1.4 ZELIRA THERAPEUTICS
6.1.4.1 Company Overview
6.1.4.2 Product Benchmarking
6.1.4.3 Strategic Initiatives
6.1.5 ALTHEA COMPANY PTY LIMITED
6.1.5.1 Company Overview
6.1.5.2 Financial Performance
6.1.5.3 Product Benchmarking
6.1.5.4 Strategic Initiatives
6.1.6 THC GLOBAL GROUP LTD. (EPSILON HEALTHCARE)
6.1.6.1 Company Overview
6.1.6.2 Financial Performance
6.1.6.3 Product Benchmarking
6.1.6.4 Strategic Initiatives
6.1.7 MGC PHARMACEUTICALS LTD.
6.1.7.1 Company Overview
6.1.7.2 Financial Performance
6.1.7.3 PRODUCT BENCHMARKING
6.1.7.4 Strategic Initiatives
6.1.8 ECOFIBRE
6.1.8.1 Company Overview
6.1.8.2 Financial Performance
6.1.8.3 Product Benchmarking
6.1.8.4 Strategic Initiatives

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook