Mexico Cbd Pouches Market Size & Outlook, 2023-2030
Mexico cbd pouches market, 2018-2030 (US$M)
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Mexico cbd pouches market highlights
- The Mexico cbd pouches market generated a revenue of USD 216.8 million in 2023 and is expected to reach USD 716.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 18.6% 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.
Cbd pouches market data book summary
| Market revenue in 2023 | USD 216.8 million |
| Market revenue in 2030 | USD 716.2 million |
| Growth rate | 18.6% (CAGR from 2023 to 2030) |
| Largest segment | 10 mg -20 mg |
| Fastest growing segment | 10 mg -20 mg |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 0.3% of the global cbd pouches market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cbd pouches market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 23,387.8 million by 2030.
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CBD Pouches Market Scope
CBD Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 48.48% in 2023. Horizon Databook has segmented the Mexico cbd pouches market based on upto 10 mg, 10 mg -20 mg covering the revenue growth of each sub-segment from 2018 to 2030.
The most significant driver for the CBD market in Mexico has been the gradual relaxation of laws around cannabis and its derivatives. Although the legal framework continues to evolve, Mexico has made strides in decriminalizing the use of marijuana and its non-psychoactive components, such as CBD.
This legislative shift has opened up new opportunities for businesses to market and sell CBD products, including pouches, within a legal framework. In 2021, Mexican legislators approved a law to legalize cannabis for various purposes, such as recreational, scientific, medical, and industrial uses.
Ongoing research and development efforts in the pharmaceutical sector are leading to innovations in CBD products like pouches, offering new formulations, flavors, and improved user experiences that drive market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cbd pouches market, including forecasts for subscribers. This country databook contains high-level insights into Mexico cbd pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cbd pouches market report size, by cbd content, 2018-2030 (US$M)
Mexico CBD Pouches Market Share, 2023 & 2030 (US$M)
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