Chile Cannabidiol Market Size & Outlook, 2023-2030
Chile cannabidiol market, 2018-2030 (US$M)
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Chile cannabidiol market highlights
- The Chile cannabidiol market generated a revenue of USD 8.9 million in 2023 and is expected to reach USD 41.2 million by 2030.
- The Chile market is expected to grow at a CAGR of 24.5% from 2024 to 2030.
- In terms of segment, hemp was the largest revenue generating product in 2023.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabidiol market data book summary
| Market revenue in 2023 | USD 8.9 million |
| Market revenue in 2030 | USD 41.2 million |
| Growth rate | 24.5% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Medical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp |
Other key industry trends
- In terms of revenue, Chile accounted for 0.1% of the global cannabidiol market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico cannabidiol market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 91.4 million by 2030.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile cannabidiol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabidiol market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 76.4% in 2023. Horizon Databook has segmented the Chile cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Chile legalized marijuana for medical purposes in 2015. Patients with prescriptions can buy marijuana or cultivate it in small quantities for personal use. However, rules and regulations regarding personal use and cultivation are a little ambiguous in the country. Selling marijuana or its derivatives, including CBD extracts or oil, without a prescription is illegal in Chile.
This is limiting the growth of the CBD market in the country. Currently, Chile is one of the largest hemp producers in Latin America. The country has also undertaken several joint projects with international firms for hemp cultivation. If CBD is legalized in the country, then Chile is predicted to be one of the leading CBD producers in the Latin America region.
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Target buyers of Chile cannabidiol market databook
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Our clientele includes a mix of cannabidiol market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Chile cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into Chile cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Chile cannabidiol market size, by product, 2018-2030 (US$M)
Chile Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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