Brazil Industrial Hemp Market Size & Outlook, 2022-2030
Brazil industrial hemp market, 2018-2030 (US$M)
Related Markets
Brazil industrial hemp market highlights
- The Brazil industrial hemp market generated a revenue of USD 79.4 million in 2022 and is expected to reach USD 224.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.8% from 2023 to 2030.
- In terms of segment, seeds was the largest revenue generating product in 2022.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial hemp market data book summary
| Market revenue in 2022 | USD 79.4 million |
| Market revenue in 2030 | USD 224.0 million |
| Growth rate | 13.8% (CAGR from 2022 to 2030) |
| Largest segment | Seeds |
| Fastest growing segment | Seeds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Seeds, Fiber, Shives |
| Key market players worldwide | Marijuana Company of America Inc, Medical Marijuana Inc, Tetra Tech Inc, American Medical Technologies Inc, Hemp Inc, Ecofibre Ltd Ordinary Shares |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.7% of the global industrial hemp market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 224.0 million by 2030.
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Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil industrial hemp 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 industrial hemp market will help companies and investors design strategic landscapes.
Seeds was the largest segment with a revenue share of 61.71% in 2022. Horizon Databook has segmented the Brazil industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
The country legalized industrial hemp cultivation for commercial purposes in 2014 for its consumption as a medicinal product in treatment of various conditions. Brazil has a major market for oilseeds and the country allows hemp oil import for Parkinson’s disease, epilepsy, and chronic pain, including migraine headaches. The growing healthcare industry and rising demand for nutritional food products is expected to drive the industrial hemp market in Brazil over the forecast period.
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Our clientele includes a mix of industrial hemp market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil industrial hemp market , including forecasts for subscribers. This country databook contains high-level insights into Brazil industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil industrial hemp market size, by product, 2018-2030 (US$M)
Brazil Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
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