Latin America Cbd Pouches Market Size & Outlook, 2023-2030
Latin America cbd pouches market, 2018-2030 (US$M)
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Latin America cbd pouches market highlights
- The Latin America cbd pouches market generated a revenue of USD 1,003.1 million in 2023.
- The market is expected to grow at a CAGR of 20.2% from 2024 to 2030.
- In terms of segment, 10 mg -20 mg was the largest revenue generating cbd content in 2023.
- 10 mg -20 mg is the most lucrative cbd content segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,003.1 million |
| Market revenue in 2030 | USD 3,641.5 million |
| Growth rate | 20.2% (CAGR from 2023 to 2030) |
| Largest segment | 10 mg -20 mg |
| Fastest growing segment | 10 mg -20 mg |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upto 10 mg, 10 mg -20 mg |
| Key market players worldwide | Swedish Match, Metolius, Canna Flora Hemp, Canndid, Cannadips |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.6% of the global cbd pouches market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 98,282.0 million by 2030.
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CBD Pouches Market Scope
CBD Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cbd pouches 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 cbd pouches market will help companies and investors design strategic landscapes.
10 mg -20 mg was the largest segment with a revenue share of 49.7% in 2023. Horizon Databook has segmented the Latin America cbd pouches market based on upto 10 mg, 10 mg -20 mg covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South American countries such as Chile, Colombia, Brazil, Argentina, and Peru have legalized cannabis. In addition, many other countries have started to embrace the legalization of cannabis and its derivatives, including CBD. For instance, in February 2022, Panama legalized the therapeutic and medicinal use of cannabis.
Furthermore, in March 2022, Costa Rica legalized the production and sale of medicinal cannabis and industrial hemp. Regulatory changes that favor the production, distribution, and consumption of CBD products have opened up opportunities for the CBD pouches market.
The legalization of cannabis for medical, recreational, or industrial purposes has led to a surge in investments globally. Countries in Central and South America have also joined this trend to establish regulated domestic markets and attract investments for exporting cannabis and its derivatives.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cbd pouches market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America cbd pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cbd pouches market report size, by country, 2018-2030 (US$M)
Latin America CBD Pouches Market Share, 2023 & 2030 (US$M)
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