Latin America Cannabidiol Market Size & Outlook, 2023-2030

The cannabidiol market in Latin America is expected to reach a projected revenue of US$ 229.3 million by 2030. A compound annual growth rate of 19.8% is expected of Latin America cannabidiol market from 2024 to 2030.
Revenue, 2023 (US$M)
$64.6
Forecast, 2030 (US$M)
$229.3
CAGR, 2024 - 2030
19.8%
Report Coverage
Latin America

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Latin America cannabidiol market, 2018-2030 (US$M)

Latin America cannabidiol market, 2018-2030 (US$M)

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Latin America cannabidiol market highlights

  • The Latin America cannabidiol market generated a revenue of USD 64.6 million in 2023.
  • The market is expected to grow at a CAGR of 19.8% from 2024 to 2030.
  • In terms of segment, hemp was the largest revenue generating product in 2023.
  • Hemp is the most lucrative product 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 2023USD 64.6 million
Market revenue in 2030USD 229.3 million
Growth rate19.8% (CAGR from 2023 to 2030)
Largest segmentHemp
Fastest growing segmentHemp
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHemp, Marijuana
Key market players worldwideMedical Marijuana Inc, Canopy Growth Corp, Elixinol Wellness Ltd Ordinary Shares, The Cronos Group, Isodiol International Inc, Endoca, Folium Biosciences, NuLeaf Naturals, PharmaHemp

Other key industry trends

  • In terms of revenue, Latin America region accounted for 0.8% of the global cannabidiol 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 1,759.6 million by 2030.

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Cannabidiol Market Companies

Name Profile # Employees HQ Website
PharmaHemp View profile 51-100 Ljubljana, Ljubljana Urban Commune, Slovenia, Europe https://b2b.pharma-hemp.com
NuLeaf Naturals View profile 51-100 Denver, Colorado, United States, North America https://nuleafnaturals.com/
Folium Biosciences View profile 101-250 Colorado Springs, Colorado, United States, North America https://foliumbiosciences.com/
Endoca View profile 1-10 Hoofddorp, Noord-Holland, The Netherlands, Europe https://www.endoca.com/pl
Isodiol International Inc View profile 197 200 Granville Street, Suite 2710, Vancouver, BC, Canada, V6C 1S4 https://www.isodiol.com
Elixinol Wellness Ltd Ordinary Shares View profile - 680 George Street, Level 12, Sydney, NSW, Australia, 2000 https://www.elixinolwellness.com
Medical Marijuana Inc View profile 85 2384 La Mirada Drive, Vista, CA, United States, 92081 https://www.medicalmarijuanainc.com
The Cronos Group View profile 1001-5000 Kontich, Antwerpen, Belgium, Europe https://cronos-groep.be/
Canopy Growth Corp View profile 1621 1 Hershey Drive, Smiths Falls, ON, Canada, K7A 0A8 https://www.canopygrowth.com

Latin America cannabidiol 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 cannabidiol market will help companies and investors design strategic landscapes.


Hemp was the largest segment with a revenue share of 76.01% in 2023. Horizon Databook has segmented the Latin America cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Cannabidiol Product Outlook (Revenue, USD Million, 2018-2030)
    • Hemp
    • Marijuana
  • Latin America Cannabidiol Sale Type Outlook (Revenue, USD Million, 2018-2030)
    • B2B
      • wellness
        • Food & Beverages
        • Personal Care & Cosmetics
        • Nutraceuticals
        • Others
      • Pharmaceuticals
    • B2C
      • Personal Use
      • Medical
        • Cancer
        • Others
        • Mental Disorders
        • Chronic Pain

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Target buyers of Latin America cannabidiol market databook

  • Our clientele includes a mix of cannabidiol 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 continent-level data and insights on the Latin America cannabidiol market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America cannabidiol market size, by country, 2018-2030 (US$M)

Latin America Cannabidiol Market Outlook Share, 2023 & 2030 (US$M)

Latin America cannabidiol market size, by country, 2018-2030 (US$M)

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