Latin America Cannabis Cultivation Market Size & Outlook
Latin America cannabis cultivation market, 2018-2030 (US$M)
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Latin America cannabis cultivation market highlights
- The Latin America cannabis cultivation market generated a revenue of USD 49,788.7 million in 2022.
- The market is expected to grow at a CAGR of 22.8% from 2023 to 2030.
- In terms of segment, hemp was the largest revenue generating biomass in 2022.
- Marijuana is the most lucrative biomass segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 49,788.7 million |
| Market revenue in 2030 | USD 258,172.0 million |
| Growth rate | 22.8% (CAGR from 2022 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Marijuana |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, The Cronos Group, OrganiGram Holdings Inc, Atlas Growers, CannTrust Holdings Inc, The Hydropothecary Corp, Cannabist Company Holdings Inc, Aurora Cannabis |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.7% of the global cannabis cultivation market in 2022.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 145,592.5 million by 2030.
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Cannabis Cultivation Market Scope
Cannabis Cultivation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America cannabis cultivation 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 cannabis cultivation market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 78.2% in 2022. Horizon Databook has segmented the Latin America cannabis cultivation market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has imposed stringent regulations on cannabis and its derivatives, primarily due to the drug trafficking history in the region. However, various initiatives are being undertaken by many countries for legalization of cannabis and its derivatives.
Furthermore, there are countries in the region providing access to cultivation of cannabis at home and for personal consumption, with certain restrictions. Uruguay, Mexico, Brazil, Colombia, and Chile have allowed home growing for either medical or recreational purposes, within certain limits.
Furthermore, due to legalization in some countries, many companies are keen on entering the Latin America cannabis market. For instance, Khiron Life Sciences, headquartered in Canada, is one of the early entrants in Latin America cannabis market.
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Target buyers of Latin America cannabis cultivation market databook
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Our clientele includes a mix of cannabis cultivation 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cannabis cultivation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cannabis cultivation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cannabis cultivation market size, by country, 2018-2030 (US$M)
Latin America Cannabis Cultivation Market Outlook Share, 2022 & 2030 (US$M)
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