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The CBD skincare market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 21.11% during the forecast years 2019-2028, according to this report. Brazil, Mexico, and Rest of Latin America together shape the market in this region.
April 2019 saw the life sciences organization Khiron team up with US-based Dixie brands for a venture to expand the CBD cosmetic category in Latin America. This joint venture is expected dot help Dixie tap into Khiron's fast-growing distribution network throughout the Latin American market. There are 620 million consumers in the region, which also include a fast-evolving middle-class population with enhanced spending power.