Mexico Cannabidiol Market Size & Outlook, 2023-2030
Mexico cannabidiol market, 2018-2030 (US$M)
Related Markets
Mexico cannabidiol market highlights
- The Mexico cannabidiol market generated a revenue of USD 19.0 million in 2023 and is expected to reach USD 91.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 25.2% 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 19.0 million |
| Market revenue in 2030 | USD 91.4 million |
| Growth rate | 25.2% (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, Mexico accounted for 0.2% 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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Mexico 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 76.84% in 2023. Horizon Databook has segmented the Mexico cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second-largest market for medical marijuana after Brazil. The Mexican law permits the sale of CBD products as supplements with THC content below 1%. In 2018, the country allowed the import and distribution of CBD products to retailers and pharmacies across the country.
The Mexican government has approved Manna Health to sell, buy, lease, supply, import, or export any products related to health and wellness. Moreover, CBD Life is the sole provider of CBD-infused edibles such as gummies, energy drinks, and a line of infused teas in the country.
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Target buyers of Mexico 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 Mexico cannabidiol market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cannabidiol market size, by product, 2018-2030 (US$M)
Mexico Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)
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