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Mexico Hemp CBD Market Is Projected To Register A Healthy CAGR Of 34.3% From 2020 To 2025 | Grand View Research, Inc.

Mexico Hemp CBD Market Is Projected To Register A Healthy CAGR Of 34.3% From 2020 To 2025 | Grand View Research, Inc.
"Grand View Research, Inc. - Market Research And Consulting."
According to report published by Grand View Research, The Mexico hemp CBD market size was valued at USD 47.1 million in 2019 and is expected to grow at a significant rate over the forecast period.

The Mexico hemp CBD market size is projected to reach USD 275.8 million by 2025, expanding at a revenue-based CAGR of 34.3%, according to a new report by Grand View Research, Inc. The recent approval by the Mexico government for the usage of medical cannabis and cannabidiol-derived products containing less than 1% Tetrahydrocannabinol (THC) is driving the market. In addition, introduction of innovative hemp-derived cannabidiol (CBD) products and increasing adoption of these products due to their health benefits is anticipated to fuel the market growth over the forecast period.

The B2C distribution channel will dominate the market in 2019, with a revenue share of 53.1%. The rise in the number of retail and online stores providing hemp-derived products is expected to drive the market over the forecast period. Moreover, the B2B distribution channel is anticipated to witness the fastest growth over the forecast period. An increase in the number of Mexico based companies importing cannabidiol oil for producing finished products such as supplements, personal care and cosmetics, food, and beverages is one of the key factors driving the growth of this segment.

To Know More About Mexico Hemp CBD Market, Access Sample Report @ https://www.grandviewresearch.com/industry-analysis/mexico-hemp-cbd-market/request/rs1

Mexico hemp CBD market size, by distribution channel, 2014 - 2025 (USD Million)

Based on end use, the market is segmented into personal use, personal care and cosmetics, food and beverages, nutraceuticals, and others. The personal use segment is anticipated to dominate the market in 2019. Growing demand for CBD oil for relaxation and personal care remedies is a major factor contributing to the growth of this segment. On the other hand, the food and beverage segment is expected to witness the fastest growth over the forecast period. Improving lifestyle and increasing awareness regarding the health benefits of cannabidiol serves as the major factor propelling the growth of this segment over the forecast period.

Further key findings from the report suggest:

  • The hemp CBD market is anticipated to be reach USD 275.8 million by 2025, due to the recent approvals granted by the Mexico government for cannabidiol-based products
  • The B2C distribution channel is projected to dominate the market with a revenue share of 53.1% in 2019, as there has been a continuous rise in the number of retail and online stores
  • The food and beverage segment is expected to grow at a fastest rate over the forecast period due to increasing awareness of cannabidiol for wellness purposes
  • Some of the major players operating in the market are CBD Life, Canopy Growth Corporation, Aurora Cannabis, Elixinol, and HempMeds (Medical Marijuana Inc.).

Mexico hemp CBD market share, by end use, 2019 (%)

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/mexico-hemp-cbd-market

Grand View Research has segmented the Mexico hemp CBD market based on distribution channel and end use:

Mexico Hemp CBD Distribution Channel Outlook (Volume, Kilos; Revenue, USD Million, 2014 - 2025)

  • B2B
  • B2C
    • Pharmacies
    • Online Store
    • Retail Stores

Mexico Hemp CBD End-use Outlook (Volume, Kilos; Revenue, USD Million, 2014 - 2025)

  • Personal Use
  • Personal Care & Cosmetics
    • Skin Care
    • Others
  • Food & Beverages
  • Nutraceuticals
  • Others

Key Topics Covered 

Table of Content

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                       1.1.1 Information procurement
                   1.2 Information or Data Analysis
                   1.3 Market Formulation & Validation
                       1.3.1 Region Market: CAGR Calculation
                   1.4 Region Based Segment Share Calculation
                   1.5 List of Secondary Sources
                   1.6 List of Primary Sources
Chapter 2 Executive Summary
                   2.1 Market Summary, Revenue (USD Million)
                   2.2 Market Summary, Volume (in Kilos)
Chapter 3 Mexico Hemp Cannabidiol (CBD) Market Variables, Trends & Scope
                   3.1 Market Segmentation
                   3.2 Market Lineage Outlook
                   3.3 Market Dynamics
                       3.3.1 Market Driver Analysis
                           3.3.1.1 Growing legalization of CBD products
                           3.3.1.2 Increasing use of CBD-infused products in personal care & cosmetics
                       3.3.2 Market Restraint Analysis
                           3.3.2.1 High cost of CBD products
                       3.3.3 Industry Challenges
                   3.4 Mexico Cannabidiol (CBD) Market Analysis Tools

…. continue

Browse Related Reports :
Mexico Medical Cannabis Market
Size, Share & Trends Analysis Report By Application (Chronic Pain, Cancer), By Product (Oils, Buds, Tinctures), And Segment Forecasts, 2019 - 2025:

https://www.grandviewresearch.com/industry-analysis/mexico-medical-cannabis-market

Cannabidiol Market Size, Share & Trends Analysis Report By Source Type (Hemp, Marijuana), By Distribution Channel (B2B, B2C), By End Use , By Region, And Segment Forecasts, 2019 - 2025:

https://www.grandviewresearch.com/industry-analysis/cannabidiol-cbd-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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City: San Francisco
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Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/mexico-hemp-cbd-market



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