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PUBLISHER: Grand View Research | PRODUCT CODE: 1076633
PUBLISHER: Grand View Research | PRODUCT CODE: 1076633
Latin America And Caribbean Hemp-Derived Cannabidiol Market Size, Share & Trends Analysis Report By Product (Isolates, Distillates), By End Use, By Region, And Segment Forecasts, 2022 - 2030
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Latin America And Caribbean Hemp-Derived Cannabidiol Market Growth & Trends:
The Latin America and Caribbean hemp-derived cannabidiol market is expected to reach $ 524.4 million by 2030, registering a CAGR of 18.6% during 2022-2030, according to a new report by Grand View Research, Inc. The LATAM and Caribbean regions have a huge potential to become the leader in hemp and cannabidiol space owing to the vast agriculture industry, low labor, and construction costs. With the influx of foreign investors in the country, the hemp business is bound to flourish.
The legalization of cannabidiol for medicinal purposes is also not on the same level throughout the region. Varying degrees of legalization across the countries within the region, some nations like Uruguay have legalized recreational use of marijuana, whereas in some countries like Venezuela and Guyana, utilization of marijuana, including cannabidiol for the medical purposes, is illegal.
In the countries where CBD is legal and imported from other countries against the prescriptions only, the governments in these countries are adopting to legalize the cultivation of hemp, due to the increasing acceptance and the growing demand for the product.
Cannabidiol is not only used in medicines to treat chronic ailments but in cosmetics and beauty goods as well. Plant-based products are gaining traction throughout the world and the LATAM and Caribbean countries are also fast becoming large consumers of cannabidiol-containing products. Hemp-based articles have also become quite popular, be it cosmetics or fabrics, countries in this geography are also becoming a large consumer base for such commodities.
The hemp-derived CBD can be made into several preparations, out of which full-spectrum products or terpenes account for the largest revenue share. Terpenes contain compounds that have high anti-inflammatory properties, which is more effective than the ones containing only CBD. The personal use and cosmetic care sub-segment had the largest revenue share in the end-user segment, owing to the growing demand for OTC cosmetic products which are now readily available in the market.
The fastest-growing sub-segment was the food and beverages sub-segment, owing to the increasing demand and the popularity of CBD-containing goods. Consumers do not prefer CBD oil or isolates due to their taste, which can be consumed as additives in foods and beverages.
Colombia accounted for the largest revenue share in the region owing to recent legalizations for the cultivation of hemp. Growing popularity of the cannabidiol products is also a key factor in the growth of this market, along with industrial license, personal cultivation of hemp with possession of marijuana up to a certain limit has been legitimized by the government. The fastest growth was registered in Mexico, where the demand for CBD products has been gaining a lot of popularity and with a growing consumer base, the market is forecasted to grow at a steady pace.
Latin America And Caribbean Hemp-Derived Cannabidiol Market Report Highlights:
- Latin America and Caribbean hemp derived cannabidiol market size is expected to be valued at USD 524.4 million by 2030, owing to increasing legalization in the region
- Full spectrum products or Terpenes had the largest revenue share in the region due to compounds in the products having high anti-inflammatory products
- Personal care and cosmetics in the end-use segment had the largest revenue share owing to the growing popularity of cosmetic products containing cannabidiol and other derivatives
- Colombia had the largest revenue share in the region which has been due to the fact that the government in the country has legalized all forms of marijuana and its derivatives
Product Code: GVR-4-68039-922-6
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.2 Market Definition
- 1.3 Research Methodology
- 1.3.1 Information Procurement
- 1.3.1.1 Purchased database:
- 1.3.1.2 GVR's internal database
- 1.3.2 Primary Research:
- 1.3.1 Information Procurement
- 1.4 Research Scope and Assumptions
- 1.5 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Insights
- 2.4 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market Snapshot
Chapter 3 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market Variables, Trends, & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.1.2 Related/Ancillary Market
- 3.2 Penetration and Growth Prospect Mapping
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint Analysis
- 3.4 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market Analysis Tools
- 3.4.1 Industry Analysis - Porter's Five Forces Analysis
- 3.4.1.1 Bargaining power of the suppliers
- 3.4.1.2 Bargaining power of the buyers
- 3.4.1.3 Threats of substitution
- 3.4.1.4 Threats from new entrants
- 3.4.1.5 Competitive rivalry
- 3.4.2 PEST Analysis
- 3.4.2.1 Political Landscape
- 3.4.2.2 Economic and Social Landscape
- 3.4.2.3 Technology Landscape
- 3.4.3 Major Deals & Strategic Alliances Analysis
- 3.4.1 Industry Analysis - Porter's Five Forces Analysis
Chapter 4 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market: Competitive Analysis
- 4.1 Recent Developments & Impact Analysis, By Key Market Participants
- 4.2 Company/Competition Categorization (Key innovators, market leaders, emerging players)
- 4.3 Vendor Landscape
- 4.3.1 Company Market Share Analysis
- 4.3.2 Company Market Ranking, By Region
Chapter 5 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market: Product Type Estimates & Trend Analysis
- 5.1 Definitions & Scope
- 5.2 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market Market: Product Type Market Share Analysis
- 5.3 Isolates or Pure CBD Extract
- 5.3.1 Isolates or Pure CBD Extract market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4 Broad Spectrum or Distillates
- 5.4.1 Broad Spectrum or Distillates market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5 Full Spectrum or Terpenes
- 5.5.1 Full Spectrum or Terpenes market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6Others
- 5.6.1 Other market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5.1 Full Spectrum or Terpenes market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market: End-Use Estimates & Trend Analysis
- 6.1 Definitions & Scope
- 6.2 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market: End-Use Market Share Analysis
- 6.3 Personal Care and Cosmetics
- 6.3.1 Personal Care and Cosmetics market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4 Food and Beverages
- 6.4.1 Food and Beverages market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.5 Nutraceuticals
- 6.5.1 Nutraceuticals market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.6 Others
- 6.6.1 Other market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market Market: Country Estimates & Trend Analysis, By Product Type and End Use
- 7.1 Latin America and Caribbean Hemp-Derived Cannabidiol (CBD) Market Market: Country Movement Analysis
- 7.2 Brazil
- 7.2.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.3 Mexico
- 7.3.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.4 Colombia
- 7.4.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.5 Peru
- 7.5.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.6 Puerto Rico
- 7.6.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.7 Aruba
- 7.7.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.8 Barbados
- 7.8.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.9 Jamaica
- 7.9.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.10 Bermuda
- 7.10.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
- 7.11 Others
- 7.11.1 Market estimates and forecasts, by product type and end-use, 2017 - 2030 (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Khiron
- 8.1.1 Company overview
- 8.1.2 Product benchmarking
- 8.1.3 Product benchmarking
- 8.1.4 Strategic initiatives
- 8.2 CBD Life
- 8.2.1 Company overview
- 8.2.2 Product benchmarking
- 8.2.3 Product benchmarking
- 8.2.4 Strategic initiatives
- 8.3 ReMederi
- 8.3.1 Company overview
- 8.3.2 Product benchmarking
- 8.3.3 Product benchmarking
- 8.3.4 Strategic initiatives
- 8.4 Pharmin
- 8.4.1 Company overview
- 8.4.2 Product benchmarking
- 8.4.3 Product benchmarking
- 8.4.4 Strategic initiatives
- 8.5 Elixinol Ltd
- 8.5.1 Company overview
- 8.5.2 Product benchmarking
- 8.5.3 Product benchmarking
- 8.5.4 Strategic initiatives
- 8.6 Isodiol International Inc
- 8.6.1 Company overview
- 8.6.2 Product benchmarking
- 8.6.3 Product benchmarking
- 8.6.4 Strategic initiatives
- 8.7 Leef Organics Ltd
- 8.1.1 Company overview
- 8.1.2 Product benchmarking
- 8.1.3 Product benchmarking
- 8.1.4 Strategic initiatives
- 8.8 Kapu Maku LLC
- 8.8.1 Company overview
- 8.8.2 Product benchmarking
- 8.8.3 Product benchmarking
- 8.8.4 Strategic initiatives
- 8.9 CBD Skincare Company
- 8.9.1 Company overview
- 8.9.2 Product benchmarking
- 8.9.3 Product benchmarking
- 8.9.4 Strategic initiatives
- 8.10 Endoca BV
- 8.10.1 Company overview
- 8.10.2 Product benchmarking
- 8.10.3 Product benchmarking
- 8.10.4 Strategic initiatives
Product Code: GVR-4-68039-922-6
List of Tables
- Table 1 Latin America and Caribbeanhemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 2 Latin America and Caribbean hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 3 Brazil hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 4 Brazil hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 5 Mexico hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 6 Mexicohemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 7 Colombia hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 8 Colombia hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 9 Peru hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 10 Peru hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 11 Puerto Rico hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 12 Puerto Rico hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 13 Aruba hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 14 Aruba hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 15 Barbados hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 16 Barbados hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 17 Jamaica hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 18 Jamaica hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 19 Bermuda hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 20 Bermuda hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
- Table 21 Others hemp-derived cannabidiol (CBD)market estimates and forecasts, by product type, 2017 - 2030 (USD Million)
- Table 22 Others hemp-derived cannabidiol (CBD)market estimates and forecasts, by end-use, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Latin America and Caribbean hemp-derived cannabidiol (CBD)market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Latin America and Caribbean hemp-derived cannabidiol (CBD)market snapshot, 2021 (USD Million)
- Fig. 6 Latin America and Caribbean hemp-derived cannabidiol (CBD)market trends & outlook
- Fig. 7 Penetration & growth prospect mapping
- Fig. 8 Market driver analysis (Current & future impact)
- Fig. 9 Market restraint analysis (Current & future impact)
- Fig. 10 Competition Categorization
- Fig. 11 Heat map analysis
- Fig. 12 Major public & Private companies ranking by region
- Fig. 13 Regional network map
- Fig. 14 Latin America and Caribbean hemp-derived cannabidiol (CBD)market, product type outlook key takeaways (USD Million)
- Fig. 15 Latin America and Caribbean hemp-derived cannabidiol (CBD)market: Product type movement analysis (USD Million), 2021& 2030
- Fig. 16 Isolates or pure CBD extract market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 17 Broad-spectrum or distillates market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 18 Full-spectrum or terpenes market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Other market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 20 Latin America and Caribbean hemp-derived cannabidiol (CBD)market, end-use outlook key takeaways (USD Million)
- Fig. 21 Latin America and Caribbean hemp-derived cannabidiol (CBD)market: end-use movement analysis (USD Million), 2021& 2030
- Fig. 22 Personal care and cosmetics market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Food and beverages market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 24 Nutraceuticals market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 25 Others market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Latin America and Caribbean hemp-derived cannabidiol (CBD)market, country outlook key takeaways (USD Million)
- Fig. 27 Latin America and Caribbean hemp-derived cannabidiol (CBD)market: country movement analysis 2021& 2030 (USD Million)
- Fig. 28 Brazilhemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Mexico hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 30 Colombia hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 31 Peru hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 32 Puerto Rico hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 33 Aruba hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Barbados hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Jamaica hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Bermuda hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 37 Other hemp-derived cannabidiol (CBD)market estimates and forecasts, 2017 - 2030 (USD Million)
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