Latin America Industrial Hemp Market Size & Outlook
Latin America industrial hemp market, 2018-2030 (US$M)
Related Markets
Latin America industrial hemp market highlights
- The Latin America industrial hemp market generated a revenue of USD 525.1 million in 2022.
- The market is expected to grow at a CAGR of 10.9% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 525.1 million |
| Market revenue in 2030 | USD 1,205.7 million |
| Growth rate | 10.9% (CAGR from 2022 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Seeds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 11.1% of the global industrial hemp market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 6,967.4 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
Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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.
Fiber was the largest segment with a revenue share of 43.08% in 2022. Horizon Databook has segmented the Latin America industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Growing demand for ecofriendly and natural hemp from wide range of application industries with increasing consumer awareness regarding harmful effects of synthetic products is expected to drive the market growth over the forecast period.
According to Hemp Industries Association, hemp retail sales in the U.S. have estimated an average growth of 15% during 2010-2015 with majority of growth from hemp based personal care products, supplements, food & beverages and industrial products.
Canada has commercially legalized industrial hemp production in 1998 and is the largest exporter of hemp seed and oil-cake to the U.S. Canadian hemp industry.
Reasons to subscribe to Latin America industrial hemp 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 Latin America industrial hemp market databook
-
Our clientele includes a mix of industrial hemp 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 Latin America industrial hemp market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America industrial hemp market size, by country, 2018-2030 (US$M)
Latin America Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
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
