South America Cannabis Market to 2032
Overview
The South America Cannabis Market is expected to reach a 732.85 USD Billion by 2032 and is projected to grow at a CAGR of 18.06% from 2025 to 2032.
Revenue, 2024 (USD Billion)
261.10
Forecast, 2032 (USD Billion)
732.85
CAGR, 2024 - 2032
18.06%
Report Coverage
South America
South America Cannabis Market 2018-2032 USD Billion
South America Cannabis Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 261.10 USD Billion
- Projected Market Size (2032): 732.85 USD Billion
- CAGR (2025-2032): 18.06%
Key Findings of South America Cannabis Market
- The South America Cannabis Market was valued at 261.10 USD Billion in 2024.
- The South America Cannabis Market is likely to grow at a CAGR of 18.06% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Physical in Distribution Channel Segment accounted for the largest share of the market with a revenue of 247.52 USD Billion
- The fastest growing segment Cannabis Indica in Crop Variety Segment grew Fastest with a CAGR of 21.91% during the forecast period from 2024 to 2032.
South America Cannabis Market Scope
South America Cannabis Market Segmentation & Scope
Product Type
- Others
- Oil
- Tinctures
- Buds
Usage
- Recretional
- Medical
Distribution Channel
- Digital
- Others
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
South America Cannabis Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 261.10 USD Billion |
| Market Value in 2032 | 732.85 USD Billion |
| CAGR (2025-2032) | 18.06% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Product Type,Usage,Distribution Channel,Crop Variety |
Regional Insights:
-
Leading Market (2024-2032): South America, leading in terms of revenue 261.10 USD Billion in 2024
- Key Country: Uruguay, leading in terms of revenue with value of 226.26 USD Billion in 2024.
Segments and Scope
-
South America Cannabis Market to 2032, By Product Type
- Buds is the largest segment in South America Cannabis Market to 2032 with a revenue of 170.76 USD Billion in the year 2024.
- Buds is the Fastest growing segment in South America Cannabis Market to 2032 with a Growth rate of 19.33 % in forecast period 2025-2032.
-
South America Cannabis Market to 2032, By Usage
- Medical is the largest segment in South America Cannabis Market to 2032 with a revenue of 187.01 USD Billion in the year 2024.
- Medical is the Fastest growing segment in South America Cannabis Market to 2032 with a Growth rate of 18.65 % in forecast period 2025-2032.
-
South America Cannabis Market to 2032, By Distribution Channel
- Physical is the largest segment in South America Cannabis Market to 2032 with a revenue of 247.52 USD Billion in the year 2024.
- Physical is the Fastest growing segment in South America Cannabis Market to 2032 with a Growth rate of 18.50 % in forecast period 2025-2032.
-
South America Cannabis Market to 2032, By Crop Variety
- Cannabis Indica is the largest segment in South America Cannabis Market to 2032 with a revenue of 151.81 USD Billion in the year 2024.
- Cannabis Indica is the Fastest growing segment in South America Cannabis Market to 2032 with a Growth rate of 21.91 % in forecast period 2025-2032.
South America Cannabis Market Company Share Analysis
| Company Name |
|
||
| Tilray | |||
| Canopy Growth Corporation | |||
| Aurora Cannabis | |||
| The Scotts Company LLC | |||
| The Cronos Group | |||
South America Cannabis Market Geographical Sales Distribution, 2018-2032 USD Billion
South America Cannabis Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South America Cannabis Market is segmented based on Segmentation Product Type,Usage,Distribution Channel,Crop Variety.
South America Cannabis Market was valued at USD 261.10(Revenue in USD Billion) in 2022.
South America Cannabis Market is projected to grow at a CAGR of 18.06% during the forecast period of 2024 to 2032.
The Physical segment is expected to dominate the South America Cannabis Market, holding a largest market share of 247.52 USD Billion in 2024
South America Cannabis Market Scope
South America Cannabis Market Segmentation & Scope
Product Type
- Others
- Oil
- Tinctures
- Buds
Usage
- Recretional
- Medical
Distribution Channel
- Digital
- Others
- Physical
Crop Variety
- Others
- Cannabis Sativa
- Cannabis Indica
Frequently Asked Questions
The South America Cannabis Market is segmented based on Segmentation Product Type,Usage,Distribution Channel,Crop Variety.
South America Cannabis Market was valued at USD 261.10(Revenue in USD Billion) in 2022.
South America Cannabis Market is projected to grow at a CAGR of 18.06% during the forecast period of 2024 to 2032.
The estimated market value of the South America Cannabis Market for final year is USD 732.85 (USD Billion).
South America Cannabis Market Company Profiling
Frequently Asked Questions
The South America Cannabis Market is segmented based on Segmentation Product Type,Usage,Distribution Channel,Crop Variety.
South America Cannabis Market was valued at USD 261.10(Revenue in USD Billion) in 2022.
South America Cannabis Market is projected to grow at a CAGR of 18.06% during the forecast period of 2024 to 2032.
The estimated market value of the South America Cannabis Market for final year is USD 732.85 (USD Billion).
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