USD 50.61 Million in 2024; projected USD 136.25 Million by 2033; CAGR 11.57%.

The Mexico Hemp CBD Market size was valued at USD 10.9 billion in 2023 and is projected to reach USD 55.26 billion by 2032, exhibiting a CAGR of 26.1 % during the forecasts period.

In 2023, the cannabidiol (CBD) market value in Mexico was estimated at approximately *** million U.S. dollars. By 2027, it was forecast to increase, reaching more than *** million U.S. dollars. In that year, medical cannabis in Mexico is expected to surpass the ***** million U.S. dollars.

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Cannabidiol (CBD) Market Size 2025-2029

The cannabidiol (CBD) market size is forecast to increase by USD 56.5 billion, at a CAGR of 24.8% between 2024 and 2029.

The CBD market is experiencing significant growth, driven primarily by the ongoing legalization and regulatory changes surrounding cannabidiol. This evolving regulatory landscape presents both opportunities and challenges for market participants. On the one hand, increasing legalization allows for broader market access, fostering growth in various end-use industries such as food and beverages, cosmetics, and pharmaceuticals. On the other hand, the high cost of CBD products poses a significant challenge for consumer adoption and market penetration. The e-commerce industry plays a crucial role in the CBD market's growth, enabling brands to reach a wider audience and offering consumers the convenience of purchasing products online.
However, the high cost of CBD products, largely due to production and extraction expenses, may limit market expansion and create barriers for smaller players. To capitalize on market opportunities and navigate challenges effectively, companies must focus on optimizing production costs, exploring alternative extraction methods, and developing innovative, competitively priced products. By addressing these challenges and leveraging the growing demand for CBD, businesses can position themselves for success in this dynamic and rapidly evolving market.

What will be the Size of the Cannabidiol (CBD) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The CBD market continues to evolve at an unprecedented pace, with new developments and trends emerging constantly. One of the most significant areas of growth is product differentiation, as companies strive to distinguish themselves in a crowded marketplace. CBD for inflammation is a popular application, with many brands offering various forms of CBD, including capsules, gummies, and topicals. Cannabis-derived CBD and hemp-derived CBD are two distinct categories, each with its unique advantages and challenges. The legal framework surrounding CBD is also a dynamic factor, with regulations evolving to accommodate the growing industry. Bioavailability is another critical aspect, with brands investing in research to improve the efficacy of their products through advanced formulation and delivery methods.

Consumer education is essential as the market becomes more complex, with various CBD types, such as broad spectrum and full spectrum, and different extraction methods, such as CO2 and ethanol. Brand awareness and loyalty are also crucial, with companies focusing on sustainable practices, transparency, and competitive pricing strategies to attract and retain customers. CBD's applications extend beyond human health, with the pet market showing significant growth. Pricing strategies vary, with some brands adopting a direct-to-consumer model, while others rely on retail channels and wholesale distribution. Regulations continue to shape the industry, with a focus on ensuring safety and quality, particularly in the areas of labeling, clinical trials, and intellectual property.

The CBD market's continuous evolution reflects the ongoing research and innovation in this field. From CBD oil to CBD vape products, CBD for anxiety to CBD for athletes, the potential applications of CBD are vast and ever-expanding. As the industry matures, it is essential to stay informed about the latest trends, regulations, and consumer preferences to remain competitive and succeed in this dynamic market.

How is this Cannabidiol (CBD) Industry segmented?

The cannabidiol (CBD) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Marijuana
  Hemp


Distribution Channel

  Offline
  Online


End-user

  Medical
  Personal use
  Wellness


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

.

By Source Insights

The marijuana segment is estimated to witness significant growth during the forecast period.

CBD, a non-psychoactive compound derived from the cannabis plant, has gained significant attention in the health and wellness industry due to its potential therapeutic benefits. Different forms of CBD products cater to various consumer preferences, including capsules, oils, topicals, edibles, vape products, and tinctures. The market for CBD continues to grow rapidly, driven by increasing consumer awareness and acceptance, favorable legal frameworks, and expanding product innovation.

The North America Cannabidiol (CBD) Market size was valued at USD 7.9 billion in 2023 and is projected to reach USD 20.01 billion by 2032, exhibiting a CAGR of 14.2 % during the forecasts period. Recent developments include: In January 2023, Medical Marijuana, Inc. announced that HempMeds Brasil, its subsidiary, had launched 2 new full-spectrum products in Brazil. The concentrations range from 3,000-6,000 mg and are available in 30 mL and 60 mL jars. , In October 2022, Medical Marijuana, Inc. announced the collaboration of its subsidiary, HempMeds Mexico, with the Autonomous University of Barcelona, Spain, and the Meritorious Autonomous University of Puebla, Mexico to conduct a study demonstrating the benefits of CBD in treating Parkinson’s disease. , In October 2022, High Tide, Inc. announced the launch of multi-cannabinoid products by its subsidiary, NuLeaf Naturals, in Ontario, Canada. The products listed for sale include Full Spectrum Hemp Multicannabinoid oil and plant-based softgels with delta-9 tetrahydrocannabinol, cannabichromene, cannabidiol, cannabigerol, and cannabinol. , In January 2022, Elixinol announced the launch of 2 innovative CBD products - the Sleep Rapid Rest Liposome and Sleep Gummies - that focus on offering support for sleep. The former contains a customized formula of CBN (cannabinol), CBD, chamomile, and lemon balm. On the other hand, Sleep Gummy contains 2mg CBN and 15mg CBD. .

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CBD Pet Products Market Size 2024-2028

The CBD pet products market size is forecast to increase by USD 1.02 billion at a CAGR of 21.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing popularity of non-psychoactive CBD-infused items for pets. These products cater to various health concerns, including anxiety and pain, making them an attractive alternative to traditional treatments. Commercial retailers and e-commerce platforms are capitalizing on this trend, offering a wide range of CBD-based beverages, skincare, and cosmetics for pets. Hospital pharmacies and clinical trials are also exploring the potential health benefits of CBD for animals. The launch of new CBD-based products continues to fuel market growth, as pet owners seek effective solutions to enhance their pets' wellbeing. Despite the promising outlook, challenges persist, including regulatory compliance and consumer education on proper dosage and usage. Overall, the market is poised for continued expansion, offering innovative solutions for pet health and wellness.

What will the size of the market be during the forecast period?

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Cannabis, a plant long known for its psychoactive properties, has recently gained popularity for its therapeutic benefits, particularly in the form of Cannabidiol (CBD). This non-psychoactive compound has been making waves in the human health industry due to its potential medical benefits, and now, it's making its way into pet care. Pet humanization, the trend of treating pets as family members, has led to an increase in pet care expenditure. Moreover, it can aid in treating sleep disorders and even help in managing cancer symptoms in pets. The legalization of hemp-based CBD products has made it easier for pet owners to access these supplements. Hemp-based CBD products are non-psychoactive, meaning they do not contain THC, the psychoactive compound found in cannabis. This makes them a safe and effective option for pets.

Furthermore, the market offers a wide range of options, including edibles, topicals, and beverages. Edibles come in various forms, such as treats, capsules, and oils. Topicals, on the other hand, are applied directly to the skin and can be used to target specific areas. Beverages are a convenient option for pet owners who want to incorporate CBD into their pet's daily routine. The e-commerce industry has played a significant role in the growth of the CBD pet product market. Online retailers offer a wide range of options, competitive pricing, and easy delivery, making it convenient for pet owners to purchase CBD products for their pets. Commercial retailers, such as pet stores and veterinary clinics, also offer CBD pet products, providing pet owners with a more traditional shopping experience.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Animal Type

  Dogs
  Cats
  Others


Distribution Channel

  Offline
  Online


Geography

  North America

    Canada
    Mexico
    US


  Europe

    Germany
    UK
    France


  APAC



  South America

    Brazil


  Middle East and Africa

By Animal Type Insights

The dogs segment is estimated to witness significant growth during the forecast period. The market in the United States has witnessed notable expansion, primarily in the canine sector. This trend is fueled by health-conscious pet owners seeking natural supplements for their beloved dogs. As CBD gains acceptance for human use, an equivalent trend emerges in the pet industry. CBD oil and other cannabinoid-based products offer potential therapeutic benefits for pets, providing relief without the harsh side effects commonly associated with conventional medications. Anecdotal evidence and preliminary research suggest CBD's potential in managing various conditions, although further scientific validation is necessary. The CBD market encompasses a range of products, including CBD capsules, tinctures, and CBD-infused foods.

CBD-infused products are perceived as a more benign option compared to conventional medications, providing relief without the undesirable side effects commonly linked to pharmaceuticals. The burgeoning collection of anecdotal evidence and ongoing research substantiates the use of CBD in addressing anxiety, pain, and skincare concerns in pets. However, it's essential to acknowledge that scientific substantiation is still in its infancy. Commercial retailers, including e-commerce platforms and hospital pharmacies, are increasingly stocking CBD-infused beverages, cosmetics, and other pet products.

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The dogs segment accounted for USD 205.80 million in 2018 and showe

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Hemp-Based Foods Market Size 2024-2028

The hemp-based foods market size is forecast to increase by USD 6.91 billion, at a CAGR of 16.41% between 2023 and 2028.

The market is experiencing significant growth due to the increasing preference for plant-based diets and the rising number of individuals diagnosed with celiac disease. The vegan population's expansion is fueling the demand for hemp-based alternatives to traditional animal-derived food products. Moreover, hemp-based foods cater to those with gluten intolerance, making them an attractive option in the market. However, the market faces challenges as well. Natural disasters and adverse weather conditions pose a threat to hemp cultivation, potentially disrupting the supply chain and increasing production costs. These factors necessitate strategic planning and risk management for companies operating in the hemp-based foods industry. To capitalize on the market's potential, businesses must focus on sustainability, innovation, and resilience to mitigate the risks associated with cultivation and ensure a consistent supply of high-quality hemp-based food products.

What will be the Size of the Hemp-Based Foods Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe hemp market continues to evolve, with new applications and innovations emerging across various sectors. Organic hemp, sourced from sustainable farming practices, is at the heart of this dynamic industry. From hemp seed cake used as animal feed to hemp soaps and lotions in the personal care sector, the versatility of hemp is on full display. Industrial hemp, with its long fibers, is finding its place in textiles, paper, and construction materials. Harvesting techniques and processing technologies are continually refined to optimize yield and product quality. Hemp protein powder, derived from the seeds, offers a valuable source of dietary fiber and essential amino acids. Hemp-infused cosmetics and skincare products are gaining popularity due to their potential benefits. Sustainability remains a key focus, with a growing emphasis on bio-based polymers, packaging solutions, and hemp-based insulation. Hemp's high protein content and nutritional value make it a sought-after ingredient in food and beverage applications, from hemp granola and yogurt to hemp milk and hemp-reinforced concrete. Quality control is paramount, with food safety regulations ensuring the integrity of hemp-based products. Extraction methods for cannabidiol (CBD) oil and other compounds continue to evolve, driving innovation in the sector. The distribution channels for hemp products are expanding, with retail sales growing steadily. Hemp's potential applications are vast, from hemp fiber in composites and apparel to hemp paper and hemp rope. The continuous unfolding of market activities and evolving patterns underscores the dynamic nature of this industry.

How is this Hemp-Based Foods Industry segmented?

The hemp-based foods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Distribution ChannelSupermarkets and HypermarketsConvenience StoresOnline StoresHealth Food StoresProductHemp seed-based foodsHemp protein-based foodsHemp oil-based foodsAplicationDietary SupplementsFunctional FoodsSnacksBeveragesEnd-UserHealth-Conscious ConsumersVegansAthletesGeneral ConsumersGeographyNorth AmericaUSCanadaMexicoEuropeFranceGermanyUKMiddle East and AfricaUAEAPACIndonesiaMalaysiaSouth KoreaThailandSouth AmericaBrazilRest of World (ROW)

By Distribution Channel Insights

The supermarkets and hypermarkets segment is estimated to witness significant growth during the forecast period.Hemp-based foods have gained significant traction in the organic and natural goods market, with specialty stores and natural food chains being the primary distribution channels. These retailers often dedicate specific areas for hemp products, including hemp seeds, oil, and protein powders. Upscale grocery stores may integrate hemp items into various categories, such as snacks, baked goods, or gluten-free options. Local farmers and artisanal producers also sell their hemp-based creations at farmers markets, providing an opportunity for direct consumer interaction. Hemp cultivation, a crucial aspect of the industry, adheres to stringent food safety regulations. Processing techniques for hemp seeds, oil, and protein involve cold-pressing, extraction, and various processing technologies to preserve nutritional value. Hemp's versatility extends to various applications, such as insulation, bio-based polymers, textiles, and composites. Hemp seeds, a rich source of protein, dietary fiber, omega-6 and omega-3 fatty acids

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Cannabis Packaging Market Size 2025-2029

The cannabis packaging market size is forecast to increase by USD 11.21 billion at a CAGR of 28.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing purchasing power of the millennial demographic in key cannabis markets. This generation's preference for legal, high-quality, and convenient cannabis products is fueling the demand for innovative and effective packaging solutions. Another key trend shaping the market is the emergence of smart packaging for cannabis. As consumer safety and product authenticity become increasingly important, companies are investing in advanced packaging technologies to ensure product freshness, child-resistance, and tamper-evident features.
To capitalize on opportunities and navigate challenges effectively, companies must stay informed of market trends, invest in research and development, and build robust supply chain strategies. However, the market faces challenges due to the volatility of raw material prices for cannabis packaging. The fluctuating costs of materials like glass, plastic, cannabis bottles and vials, film and laminates, tapes and adhesives, and caps and closures and paper pose a significant risk for manufacturers and retailers, requiring them to adapt to market conditions and optimize their supply chains accordingly.

What will be the Size of the Cannabis Packaging Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The marijuana business daily reports a significant shift in cannabis packaging trends, with plastic containers and caps, such as those manufactured by Hippo Packaging and Impak Corporation, gaining popularity. High-density polyethylene (HDPE), a type of plastic, is favored due to its durability and resistance to moisture. CBD products, including tinctures and pills, also require specialized packaging to maintain product integrity. As the legalization of cannabis continues, sustainability is becoming a priority, with some companies opting for eco-friendly options like ocean-reclaimed plastic.

Chinese suppliers are also entering the market, offering cost-effective alternatives for marijuana businesses. CR Packaging, for instance, provides a range of containers for various cannabis product types. Containers for chronic pain products, like those used for hemp-derived CBD, must adhere to strict regulations, further driving the demand for specialized packaging solutions. In response, packaging has innovated to meet evolving consumer demands, offering solutions in materials such as high-density polyethylene (HDPE), plastic, hemp, and ocean-reclaimed plastic.

How is this Cannabis Packaging Industry segmented?

The cannabis packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Material

  Glass
  Metal
  Plastics
  Cardboard containers


Type

  Rigid packaging
  Flexible packaging


Application

  Medical use
  Recreational use
  CBD products


Geography

  North America

    US
    Canada
    Mexico


  Europe

    Germany
    Italy
    The Netherlands


  APAC

    Australia
    India
    South Korea
    Thailand


  Rest of World (ROW)

By Material Insights

The glass segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth with the increasing legalization of cannabis for both recreational and medical use. Glass packaging, such as Hemp Sacks and Hippo Packaging, is gaining popularity due to its non-hazardous nature and ability to preserve the product's flavor and freshness. Glass containers, including bottles and jars from companies like CR Packaging and Green Rush Packaging, protect cannabis from external elements and maintain its quality. Semi-rigid packaging, like Containers and caps, offer an alternative to glass, providing durability and protection. CBD products, including Cannabis-infused chocolates and tinctures, also require specialized packaging solutions. High-density polyethylene and flexible packaging are used for edibles and vape items, while rigid packaging is preferred for pre-roll joints and pills.

Sustainable options, such as ocean-reclaimed plastic, are also gaining traction in the market. Chinese suppliers are providing cost-effective solutions for plastic packaging, while companies like Marijuana Business Daily and C Class Jars focus on providing high-quality, branded packaging. Packaging plays a crucial role in ensuring product safety and consumer appeal, with trends leaning towards child-resistant and tamper-evident designs. Medical conditions like Dravet syndrome and Lennox-

The market for Cannabis Extract Machine will is USD 8497.5 Million worldwide in 2023, based on Cognitive Market Research, and will increase at a 15.5% compound annual growth rate (CAGR) between 2023 and 2030.

The market for cannabis extract machines will reach USD 8497.5 Million worldwide in 2023.
Favourable Government regulations for cannabis use will expand markets for manufacturers of CBD extraction equipment
Recreational cannabis dominates the majority of this market in this industry.
The sub/supercritical CO2 extraction machine category led the market in 2023.
According to Cognitive Market Research, North America ruled the market in 2023 and contributed more than 35% of global revenue as a result of various factors.

Favourable Government Rules for Cannabis Use Will Open Up Markets for CBD Extraction Device Suppliers

Over the past ten years, there has been a significant transformation in the cannabis sector. Legalizing CBD and cannabis in many nations will turn out to be one of the most important socioeconomic movements.

Twenty nations, including the USA, Brazil, South Korea, Australia, and others, have legalized marijuana in some form in the past two years, including CBD products. Additionally, ten nations in total, including Mexico, Canada, and South Africa, have legalized cannabis for adult use, a rise of nearly two times from 2019.

(Source:www.unodc.org/documents/data-and-analysis/Focus/WDR20_Booklet_4_cannabis_web.pdf)

With greater lawful access to cannabis products, the market for CBD extraction equipment is still growing favorably. Regulations and societal standards will change significantly as a result of this. Additionally, supportive government regulations, government funding for private research and medical institutions, and rising industry R&D expenditures will all contribute to boosting popularity of CBD extract machinery.

Market Dynamics of Cannabis Extract Machine

Equipment Sales for CBD Extraction Will Be Affected by Increasing Price Complexity and Related Extraction Risks

The main obstacles for the market for CBD extraction equipment are thought to be high production costs and a lack of important raw materials. Due to the greater production costs and the use of pricey materials that are more robust and have a longer lifespan, this leads to pricing complexity. Furthermore, extraction techniques use flammable liquids and gases that release hazardous gases. Additionally, an explosion can easily happen as a result of improper equipment design, modification, maintenance, and installation. In order to get beyond this obstacle and create better CBD extraction machinery and goods, research can be crucial in this situation.

Impact of COVID-19 on the Cannabis Extract Machines Market

All different kinds of businesses have been impacted by the corona virus (COVID-19) pandemic and lockdown in a number of different countries around the world. The private healthcare sector is suffering significantly as a result of the COVID-19 outbreak. The corona virus outbreak has had a negative impact on the development, production, and availability of raw materials, notably in the private sector. Introduction of Cannabis Extract Machine

The extraction of cannabinoids from cannabis is done using a cannabis extract machine. The cannabinoids that have been extracted can subsequently be employed in a variety of products, such as cannabis for both medical and recreational uses. Sub/supercritical CO2 extraction machines, ethanol extraction machines, hydrocarbon extraction machines, solvent-free extraction machines, and other forms of cannabis extract machines are just a few of the many varieties of extractors available.

These advancements give companies the ability to provide clients with more customised products and services, which helps the cannabis extract machine market flourish.

For instance, A variety of extraction equipment for cannabis and other botanicals is offered by Eden Labs, which has a $25 million sales income. Production of equipment using CO2 extraction technology by Apeks Supercritical has resulted in sales of $45 million.

(Source:www.edenlabs.com/)