Mexico Cannabis Extract Market Size & Outlook, 2023-2030
Mexico cannabis extract market, 2018-2030 (US$M)
Related Markets
Mexico cannabis extract market highlights
- The Mexico cannabis extract market generated a revenue of USD 14.7 million in 2023 and is expected to reach USD 101.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 31.7% from 2024 to 2030.
- In terms of segment, oils was the largest revenue generating product in 2023.
- Oils is the most lucrative product segment registering the fastest growth during the forecast period.
Cannabis extract market data book summary
| Market revenue in 2023 | USD 14.7 million |
| Market revenue in 2030 | USD 101.0 million |
| Growth rate | 31.7% (CAGR from 2023 to 2030) |
| Largest segment | Oils |
| Fastest growing segment | Oils |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oils, Tinctures |
| Key market players worldwide | Tikun Olam Cannbit Pharmaceuticals Ltd, Canopy Growth Corp, Tilray Brands Inc, Aurora Cannabis Inc, The Cronos Group, OrganiGram Holdings Inc, Aphria Inc, Maricann Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.3% of the global cannabis extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico cannabis extract 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 101.0 million by 2030.
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Cannabis Extract Market Scope
Cannabis Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico cannabis extract 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 extract market will help companies and investors design strategic landscapes.
Oils was the largest segment with a revenue share of 69.39% in 2023. Horizon Databook has segmented the Mexico cannabis extract market based on oils, tinctures covering the revenue growth of each sub-segment from 2018 to 2030.
Xebra Brands Ltd. and Mountaintop Extracts are among the key players in the market. These players are engaging in acquisitions, collaborations, new product launches, partnerships, and expansions to explore the untapped market and strengthen their market position.
This subsidiary obtained an injunction from the Mexican Supreme Court, which granted it a clear and unparalleled advantage as the first mover in the Mexican CBD and Cannabigerol (CBG) market. The unanimous vote by all five Supreme Court justices has solidified this injunction in favor of Xebra Mexico.
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Our clientele includes a mix of cannabis extract 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 country-level data and insights on the Mexico cannabis extract market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cannabis extract market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cannabis extract market size, by product, 2018-2030 (US$M)
Mexico Cannabis Extract Market Outlook Share, 2023 & 2030 (US$M)
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