Middle East & Africa Cbd Pouches Market Size & Outlook
Middle East & Africa cbd pouches market, 2018-2030 (US$M)
Related Markets
MEA cbd pouches market highlights
- The MEA cbd pouches market generated a revenue of USD 511.1 million in 2023.
- The market is expected to grow at a CAGR of 11.1% 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.
MEA data book summary
| Market revenue in 2023 | USD 511.1 million |
| Market revenue in 2030 | USD 1,071.1 million |
| Growth rate | 11.1% (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, MEA region accounted for 0.8% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
CBD Pouches Market Scope
CBD Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 50.05% in 2023. Horizon Databook has segmented the Middle East & Africa cbd pouches market based on upto 10 mg, 10 mg -20 mg covering the revenue growth of each sub-segment from 2018 to 2030.
In countries in the Middle Eastern region, such as Saudi Arabia and UAE, the sale of CBD pouches is prohibited in Saudi Arabia due to strict anti-cannabis laws. Lebanon is the first Arab country to legalize cannabis for medical and industrial use in 2020, while other Middle Eastern and Arab countries continue to ban its use.
South Africa has legalized the private use of cannabis, which is anticipated to lead to a burgeoning market for CBD products. In November 2023, South African lawmakers approved a long-awaited bill that legalizes marijuana possession and cultivation by adults.
Cannadips offers Mint-flavored CBD pouches with a harmonious blend of sweet and crisp mint flavors, creating a balanced and subtle freshness without being too intense. Although the Middle East and Africa present challenges due to regulatory constraints and cultural perceptions, the CBD pouches market has potential for growth as awareness increases and regulations evolve.
Reasons to subscribe to Middle East & Africa cbd pouches market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa cbd pouches market databook
-
Our clientele includes a mix of cbd pouches market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Middle East & Africa cbd pouches market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cbd pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Middle East & Africa cbd pouches market
Middle East & Africa CBD Pouches Market Share, 2023 & 2030 (US$M)
Middle East & Africa cbd pouches market
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
