Latin America Legal Marijuana Market Size & Outlook
Latin America legal marijuana market, 2018-2030 (US$M)
Related Markets
Latin America legal marijuana market highlights
- The Latin America legal marijuana market generated a revenue of USD 95.7 million in 2023.
- The market is expected to grow at a CAGR of 44.9% from 2024 to 2030.
- In terms of segment, medical use was the largest revenue generating application in 2023.
- Adult Use is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 95.7 million |
| Market revenue in 2030 | USD 1,284.9 million |
| Growth rate | 44.9% (CAGR from 2023 to 2030) |
| Largest segment | Medical use |
| Fastest growing segment | Adult Use |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Use, Adult Use |
| Key market players worldwide | Canopy Growth Corp, Aurora Cannabis Inc, Tilray Brands Inc, MediPharm Labs Corp, The Cronos Group, Wayland Group Corp, OrganiGram Holdings Inc, Lexaria Bioscience Corp, GW Pharmaceuticals |
Other key industry trends
- In terms of revenue, Latin America region accounted for 0.5% of the global legal marijuana market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,968.5 million by 2030.
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Legal Marijuana Market Scope
Legal Marijuana Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America legal marijuana 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 legal marijuana market will help companies and investors design strategic landscapes.
Medical use was the largest segment with a revenue share of 81.61% in 2023. Horizon Databook has segmented the Latin America legal marijuana market based on medical use, adult use covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Legal Marijuana Application Outlook (Revenue, USD Million, 2018-2030)
- Medical Use
- Cancer
- Chronic Pain
- Depression and Anxiety
- Arthritis
- Diabetes
- Glaucoma
- Migraines
- Epilepsy
- Multiple Sclerosis
- AIDS
- Amyotrophic Lateral Sclerosis
- Alzheimers's
- Post Traumatic Stress Disorder (PTSD)
- Parkinson's
- Tourettes
- Others
- Adult Use
- Medical Use
- Latin America Legal Marijuana Product Outlook (Revenue, USD Million, 2018-2030)
- Flower
- Oil and Tinctures
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Target buyers of Latin America legal marijuana market databook
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Our clientele includes a mix of legal marijuana market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 legal marijuana market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America legal marijuana market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America legal marijuana market size, by country, 2018-2030 (US$M)
Latin America Legal Marijuana Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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