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Allied Market Research

Mexico Hemp CBD Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 61 Views
 
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Mexico Hemp CBD Market Outlook - 2027

Cannabidiol (CBD) is a phytocannabinoid, one of 113 identified cannabinoids in cannabis plants and accounts for up to 40% of the plant's extract. CBD is closely related to anxiety, cognition, movement disorders, and pain, but there is insufficient high-quality evidence that cannabidiol is effective for these conditions. It can be taken in multiple ways, including by inhalation of cannabis smoke or vapor, as an aerosol spray into the cheek, and by mouth. It may be supplied as CBD oil containing only CBD as the active ingredient (excluding tetrahydrocannabinol (THC) or terpenes), CBD-dominant hemp extract oil, capsules, dried cannabis, or prescription liquid solution. CBD does not have the same psychoactivity as THC. This may change the effects of THC on the body if both are present. The mechanism of action for its biological effects has not been determined.

Mexico Hemp CBD Marketscope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2020

Forecast period

2021–2027

Forecast unit

Value (USD)

Segments covered

Distribution Channel, End Use,and Region

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

Companies covered

Aurora Cannabis, ENDOCA, Elixinol, CV Sciences, Inc., CBD Life, HempMeds, JOY Organics, and Canopy Growth Corporation

COVID-19 scenarioanalysis:

Coronavirus disease (COVID-19) has created an economic crisis along with a healthcare crisis. COVID-19 pandemic has stretched the healthcare system worldwide, wherein developed countries are expected to witness economic recession. The COVID-19 pandemic has an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue from March 2020. Many small hospitals, clinics, and nursing homes have been forced to shut their operations. Social distancing and localized curfews have resulted in delayed elective surgical procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The major factor affecting the industry includesfavorable government policy that helps to surge the adoption of hemp-derived products,which are expected to gain traction in the coming years. Furthermore,increase in the acceptance of cannabidiol (CBD) among users is expected to boost the industry. This is attributed to its innumerable health benefits. The growing awareness about cannabidiol is attributed to its applications and non-psychoactive properties.

Favorable reimbursement scenarios to boost the mexicohemp CBD market

The government has taken steps for CBD adoption, for instance,hemp CBD can be easily availed for majority of the population at appropriate cost. In 2017, the Mexican government legalized the cultivation, production, and use of medical cannabis containing less than 1% tetrahydrocannabinol (THC). This distinctive law passed by the government gave freedom to people for using CBD products in their day-to-day life.

Furthermore, in November 2018, the Mexican government approved the import and sale of 38 cannabis products,including food supplements, cosmetics, food items, and raw hemp oil. This approval made hemp-derived products easily accessible to the population.

Surge in number of mergers & acquisitions to propel the market

Increased mergers & acquisitions are anticipated to help the industryboost in the coming years. For instance, in July 2020, Canadian Imperial Venture Corp. declared that Ikänik Farms, Inc. purchased all issued and outstanding shares of Delta 9 Corporation Mexico S.A. de C.V (“D9C”), based in Coyoacán, Mexico. D9C’s legal representative is permitted to import and register cannabis seeds for cultivation through the legalized Amparo process. Ikänik intends to contract-produce for national and international pharmaceutical cannabis and hemp-derived CBD clients.

Key segments covered:

Segments

Sub-segments

Distribution Channel

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

End Use

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

Key benefits of the report:

  • This study presents the analytical depiction of the Mexico hemp CBDmarket along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Mexico hemp CBDmarket share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the Mexico hemp CBDmarket growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Mexico hemp CBDmarket analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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