Mexico Medical Cannabis Market to 2032
Overview
The Mexico Medical Cannabis Market is expected to reach a 1,854.93 USD Billion by 2032 and is projected to grow at a CAGR of 28.45% from 2025 to 2032.
Revenue, 2024 (USD Billion)
502.33
Forecast, 2032 (USD Billion)
1,854.93
CAGR, 2024 - 2032
28.45%
Report Coverage
Mexico
Mexico Medical Cannabis Market 2018-2032 USD Billion
Mexico Medical Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 502.33 USD Billion
- Projected Market Size (2032): 1,854.93 USD Billion
- CAGR (2025-2032): 28.45%
Key Findings of Mexico Medical Cannabis Market
- The Mexico Medical Cannabis Market was valued at 502.33 USD Billion in 2024.
- The Mexico Medical Cannabis Market is likely to grow at a CAGR of 28.45% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Sativa in Species Segment accounted for the largest share of the market with a revenue of 317.43 USD Billion
- The fastest growing segment Pain Management in Application Segment grew Fastest with a CAGR of 34.60% during the forecast period from 2024 to 2032.
Mexico Medical Cannabis Market Scope
Mexico Medical Cannabis Market Segmentation & Scope
Distribution Channel
- B2B
- B2C
End User
- Others
- Research And Development Centers
- Pharmaceutical Industry
- Rehab Centers
- Hospital
- Homecare Setting
Application
- Elevate Mood
- Mental Health Conditions
- Autism
- Multiple Sclerosis
- Depression And Sleep Disorders
- Epilepsy
- Alzheimer'S Disease/Migranes
- Arthritis
- Cancer
- Appetite Loss
- Others
- Nausea
- Muscle Spasms
- Anxiety
- Pain Management
Route of Administration
- Others
- Vaporizers
- Topicals
- Smoking
- Oral Solutions And Capsules
Derivatives
- Cannabinol (CBN)
- Others
- Cannabigerol (CBG)
- Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol
- Cannabidiol (CBD)
Source
- Synthetic
- Natural
Species
- Cannabis Indica
- Hybrid
- Sativa
Product
- Cleanser
- Masks & Serum
- Patch
- Ground Flower
- Creams & Moisturizer
- Whole Flower
- Vape Pen
- Others
- Medical Cannabis Capsules
- Dried Medical Cannabis
- Oil
Mexico Medical Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 502.33 USD Billion |
| Market Value in 2032 | 1,854.93 USD Billion |
| CAGR (2025-2032) | 28.45% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Distribution Channel,End User,Application,Route of Administration,Derivatives,Source,Species,Product |
Regional Insights:
-
Leading Market (2024-2032): Mexico, leading in terms of revenue 502.33 USD Billion in 2024
- Key Country: Mexico, leading in terms of revenue with value of 502.33 USD Billion in 2024.
Segments and Scope
-
Mexico Medical Cannabis Market to 2032, By Distribution Channel
- B2C is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 282.40 USD Billion in the year 2024.
- B2C is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 30.57 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By End User
- Homecare Setting is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 160.79 USD Billion in the year 2024.
- Homecare Setting is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 29.69 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By Application
- Pain Management is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 123.34 USD Billion in the year 2024.
- Pain Management is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 34.60 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By Route of Administration
- Oral Solutions And Capsules is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 272.80 USD Billion in the year 2024.
- Oral Solutions And Capsules is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 29.62 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By Derivatives
- Cannabidiol (CBD) is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 317.39 USD Billion in the year 2024.
- Cannabidiol (CBD) is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 30.02 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By Source
- Natural is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 292.35 USD Billion in the year 2024.
- Natural is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 30.40 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By Species
- Sativa is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 317.43 USD Billion in the year 2024.
- Sativa is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 29.83 % in forecast period 2025-2032.
-
Mexico Medical Cannabis Market to 2032, By Product
- Oil is the largest segment in Mexico Medical Cannabis Market to 2032 with a revenue of 164.92 USD Billion in the year 2024.
- Oil is the Fastest growing segment in Mexico Medical Cannabis Market to 2032 with a Growth rate of 32.81 % in forecast period 2025-2032.
Mexico Medical Cannabis Market Company Share Analysis
| Company Name |
|
||
| Medipharm Labs | |||
| Tilray | |||
| Zenabis Global Ltd. | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
Mexico Medical Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
Mexico Medical Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Mexico Medical Cannabis Market is segmented based on Segmentation Distribution Channel,End User,Application,Route of Administration,Derivatives,Source,Species,Product.
Mexico Medical Cannabis Market was valued at USD 502.33(Revenue in USD Billion) in 2020.
Mexico Medical Cannabis Market is projected to grow at a CAGR of 28.45% during the forecast period of 2024 to 2032.
The Sativa segment is expected to dominate the Mexico Medical Cannabis Market, holding a largest market share of 317.43 USD Billion in 2024
Mexico Medical Cannabis Market Scope
Mexico Medical Cannabis Market Segmentation & Scope
Distribution Channel
- B2B
- B2C
End User
- Others
- Research And Development Centers
- Pharmaceutical Industry
- Rehab Centers
- Hospital
- Homecare Setting
Application
- Elevate Mood
- Mental Health Conditions
- Autism
- Multiple Sclerosis
- Depression And Sleep Disorders
- Epilepsy
- Alzheimer'S Disease/Migranes
- Arthritis
- Cancer
- Appetite Loss
- Others
- Nausea
- Muscle Spasms
- Anxiety
- Pain Management
Route of Administration
- Others
- Vaporizers
- Topicals
- Smoking
- Oral Solutions And Capsules
Derivatives
- Cannabinol (CBN)
- Others
- Cannabigerol (CBG)
- Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol
- Cannabidiol (CBD)
Source
- Synthetic
- Natural
Species
- Cannabis Indica
- Hybrid
- Sativa
Product
- Cleanser
- Masks & Serum
- Patch
- Ground Flower
- Creams & Moisturizer
- Whole Flower
- Vape Pen
- Others
- Medical Cannabis Capsules
- Dried Medical Cannabis
- Oil
Frequently Asked Questions
The Mexico Medical Cannabis Market is segmented based on Segmentation Distribution Channel,End User,Application,Route of Administration,Derivatives,Source,Species,Product.
Mexico Medical Cannabis Market was valued at USD 502.33(Revenue in USD Billion) in 2020.
Mexico Medical Cannabis Market is projected to grow at a CAGR of 28.45% during the forecast period of 2024 to 2032.
The estimated market value of the Mexico Medical Cannabis Market for final year is USD 1,854.93 (USD Billion).
Mexico Medical Cannabis Market Company Profiling
Frequently Asked Questions
The Mexico Medical Cannabis Market is segmented based on Segmentation Distribution Channel,End User,Application,Route of Administration,Derivatives,Source,Species,Product.
Mexico Medical Cannabis Market was valued at USD 502.33(Revenue in USD Billion) in 2020.
Mexico Medical Cannabis Market is projected to grow at a CAGR of 28.45% during the forecast period of 2024 to 2032.
The estimated market value of the Mexico Medical Cannabis Market for final year is USD 1,854.93 (USD Billion).
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