Uruguay Cbd Oil & Cbd Consumer Health Market Size & Outlook
- Cannabis
- Cannabidiol & Cannabinoids
- CBD Oil & CBD Consumer Health Market Outlook
- Cannabidiol & Cannabinoids
Uruguay Cbd Oil Cbd Consumer Health Market, 2018-2030 (US$M)
Global Market
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Uruguay cbd oil & cbd consumer health market highlights
- The Uruguay cbd oil & cbd consumer health market generated a revenue of USD 10.3 million in 2024 and is expected to reach USD 91.8 million by 2030.
- The Uruguay market is expected to grow at a CAGR of 43.7% from 2025 to 2030.
- In terms of segment, cbd infused skincare products was the largest revenue generating product in 2024.
- CBD Infused Beauty Products is the most lucrative product segment registering the fastest growth during the forecast period.
Cbd oil & cbd consumer health market data book summary
| Market revenue in 2024 | USD 10.3 million |
| Market revenue in 2030 | USD 91.8 million |
| Growth rate | 43.7% (CAGR from 2025 to 2030) |
| Largest segment | Cbd infused skincare products |
| Fastest growing segment | CBD Infused Beauty Products |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CBD Infused Skincare Products, CBD Infused Beauty Products, CBD Infused Haircare Products |
Other key industry trends
- In terms of revenue, Uruguay accounted for 0.3% of the global cbd oil & cbd consumer health market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico cbd oil & cbd consumer health market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 2,002.5 million by 2030.
Cannabis has never been criminalized in Uruguay, as government had legalized medical and recreational cannabis with the hope of reducing drug-related crimes and restraining the cannabis black market. Hence, the price of cannabis in pharmacies is less than the price of cannabis available on the street, which in turn promotes medical cannabis purchases.
International Cannabis Corporation (ICC)—a company headquartered in Montevideo—produced its first batch of medical cannabis oil for export in October 2017. ICC is also planning to set up a laboratory for extraction of cannabis oil on a larger scale. Moreover, CBD with the potency of 7% have made legally available for purchase in Uruguay.
In addition, the licensed producers are permitted to grow only two strains commercially and are capped at 9% THC and must have a minimum of 3% CBD. The market in Uruguay is expected to witness positive growth during the forecast period, due to increasing investments by companies.
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Publish Date: Apr 03, 2025
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CBD Oil & CBD Consumer Health Market Scope
CBD Oil CBD Consumer Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Cannabis Inc | View profile | 1,130 | 3498 63 Avenue, Leduc, AB, Canada, T9E 0G8 | www.auroramj.com |
| Charlottes Web Holdings Inc Ordinary Shares | View profile | 164 | 700 Tech Court, Louisville, CO, United States, 80027 | www.charlottesweb.com |
| Medical Marijuana Inc | View profile | 85 | 2384 La Mirada Drive, Vista, CA, United States, 92081 | www.medicalmarijuanainc.com |
| Joy Organics | View profile | 11-50 | Fort Collins, Colorado, United States, North America | joyorganics.com |
| Elixinol Wellness Ltd Ordinary Shares | View profile | - | 680 George Street, Level 12, Sydney, NSW, Australia, 2000 | www.elixinolwellness.com |
| Isodiol International Inc | View profile | 197 | 200 Granville Street, Suite 2710, Vancouver, BC, Canada, V6C 1S4 | www.isodiol.com |
| Endoca | View profile | 1-10 | Hoofddorp, Noord-Holland, The Netherlands, Europe | www.endoca.com/pl |
| NuLeaf Naturals | View profile | 51-100 | Denver, Colorado, United States, North America | nuleafnaturals.com/ |
| Canopy Growth Corporation | View profile | - | - | - |
| Kazmira | View profile | 101-250 | Watkins, Colorado, United States, North America | www.kazmira-llc.com |
Uruguay CBD Oil & CBD Consumer Health 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 Oil & CBD Consumer Health Market Outlook will help companies and investors design strategic landscapes.
Cbd Infused Skincare Products was the largest segment with a revenue share of 57.28% in 2024.
Horizon Databook has segmented the Uruguay cbd oil & cbd consumer health market based on cbd infused skincare products, cbd infused beauty products, cbd infused haircare products covering the revenue growth of each sub-segment from 2018 to 2030.
Cannabis has never been criminalized in Uruguay, as government had legalized medical and recreational cannabis with the hope of reducing drug-related crimes and restraining the cannabis black market. Hence, the price of cannabis in pharmacies is less than the price of cannabis available on the street, which in turn promotes medical cannabis purchases.
International Cannabis Corporation (ICC)—a company headquartered in Montevideo—produced its first batch of medical cannabis oil for export in October 2017. ICC is also planning to set up a laboratory for extraction of cannabis oil on a larger scale. Moreover, CBD with the potency of 7% have made legally available for purchase in Uruguay.
In addition, the licensed producers are permitted to grow only two strains commercially and are capped at 9% THC and must have a minimum of 3% CBD. The market in Uruguay is expected to witness positive growth during the forecast period, due to increasing investments by companies.
- Uruguay Cbd Oil & Cbd Consumer Health Market Product Outlook (Revenue, USD Million , 2018-2030)
- CBD Infused Skincare Products
- CBD Infused Beauty Products
- CBD Infused Haircare Products
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Horizon Databook provides a detailed overview of country-level data and insights on the Uruguay CBD Oil & CBD Consumer Health Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Uruguay CBD Oil & CBD Consumer Health Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Uruguay Cbd Oil Cbd Consumer Health Market, 2018-2030 (US$M)
Uruguay Product - Cbd Oil & Cbd Consumer Health Market Statistics, 2024 - 2030 (US$M)
