Brazil Cannabis Pharmaceuticals Market Size & Outlook
Brazil cannabis pharmaceuticals market, 2018-2030 (US$M)
Related Markets
Brazil cannabis pharmaceuticals market highlights
- The Brazil cannabis pharmaceuticals market generated a revenue of USD 328.6 million in 2023 and is expected to reach USD 14,258.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 71.4% from 2024 to 2030.
- In terms of segment, other brands was the largest revenue generating brand type in 2023.
- Other Brands is the most lucrative brand type segment registering the fastest growth during the forecast period.
Cannabis pharmaceuticals market data book summary
| Market revenue in 2023 | USD 328.6 million |
| Market revenue in 2030 | USD 14,258.7 million |
| Growth rate | 71.4% (CAGR from 2023 to 2030) |
| Largest segment | Other brands |
| Fastest growing segment | Other Brands |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sativex, Epidiolex, Other Brands |
| Key market players worldwide | Jazz Pharmaceuticals PLC, AbbVie Inc, Insys Therapeutics, Bausch Health Companies Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 9.6% of the global cannabis pharmaceuticals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cannabis pharmaceuticals 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 7,775.8 million by 2030.
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Cannabis Pharmaceuticals Market Scope
Cannabis Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil cannabis pharmaceuticals 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 pharmaceuticals market will help companies and investors design strategic landscapes.
Other brands was the largest segment with a revenue share of 49.85% in 2023. Horizon Databook has segmented the Brazil cannabis pharmaceuticals market based on sativex, epidiolex, other brands covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil has legalized the use of medicinal CBD oil since 2015, resulting in increasing demand for the product. The country is one of the top importers of CBD oil. Medical marijuana patients in Brazil must apply to ANVISA for individual permits, which have a maximum validity of a year but can be renewed.
However, the use of CBD for recreational purposes is still illegal in the country. Medical Marijuana, Inc. offers CBD-based medical products through its subsidiary Hemp Meds Brasil. The product has been approved by the Brazilian government for the treatment of cancer.
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Target buyers of Brazil cannabis pharmaceuticals market databook
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Our clientele includes a mix of cannabis pharmaceuticals 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 Brazil cannabis pharmaceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cannabis pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cannabis pharmaceuticals market size, by brand type, 2018-2030 (US$M)
Brazil Cannabis Pharmaceuticals Market Outlook Share, 2023 & 2030 (US$M)
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