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Industrial Hemp Market
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Industrial Hemp Market By Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil), By Source (Organic, Conventional) By Application (Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others): Global Industrial Hemp Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026
Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Industrial Hemp industry. The report analyzes and declares the historical and current trends analysis of the Industrial Hemp industry and subsequently recommends the projected trends anticipated to be observed in the Industrial Hemp market during the upcoming years.
The Industrial Hemp market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Industrial Hemp market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Tons) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Industrial Hemp industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Industrial Hemp industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Industrial Hemp market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Industrial Hemp industry. The Industrial Hemp market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Industrial Hemp sector. Key strategic developments in the Industrial Hemp market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Industrial Hemp market are appropriately highlighted in the report.
Industrial Hemp is an agricultural plant that uses all the byproducts of the plant such as seeds and twigs in the production of hemp seed, hemp fiber, and other eco-friendly products. These products are in great demand among the consumer owing to the rising awareness of their benefits. Some countries where the cultivation of hemp was prohibited have made necessary regulatory norms in the cultivation of hemp and manufacturing industrial hemp products for the consumers. The North America region is projected to have the largest share in the market owing to the surging demand for industrial hemp products in various industries such as textile, food, cosmetics, and personal care.
The Industrial Hemp market research report delivers an acute valuation and taxonomy of the Industrial Hemp industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Industrial Hemp industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Industrial Hemp industry is provided for the leading economies of the world.
The Industrial Hemp market is segmented based on Type, Source, and Application. Based on type segmentation, the market is classified into Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil. In terms of Source, the market is bifurcated into Organic and Conventional. In terms of application, the market is bifurcated into Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others.
Some of the essential players operating in the Industrial Hemp market, but not restricted to include Hempco, Ecofibre, Hemp Inc., GenCanna, HempFlax BV, Konoplex Group, Hemp Oil Canada, BAFA, Hemp Poland, Dun Agro, Colorado Hemp Works, Canah International, South Hemp Tecno, Plains Industrial Hemp Processing, MH Medical Hemp, and Others.
The taxonomy of the Industrial Hemp industry by its scope and segmentation is as follows:
Global Industrial Hemp Market: By Type Segmentation Analysis (Customizable)
- Hemp Seed
- Hemp Seed Oil
- Hemp Fiber
- CBD Hemp Oil
Global Industrial Hemp Market: By Source Segmentation Analysis (Customizable)
- Organic
- Conventional
Global Industrial Hemp Market: By Application Segmentation Analysis (Customizable)
- Food
- Beverages
- Personal Care Products
- Textiles
- Pharmaceuticals
- Others
Global Industrial Hemp Market: Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Key Insights from Primary Research
- As per the analysis shared by our primary respondents, the Industrial Hemp market is expected to grow annually at a CAGR of around 34%.
- Through the primary research, it was established that the Industrial Hemp market was valued at around USD 5 Million in 2019.
- Based on type segmentation, the Hemp fiber type was predicted to show maximum market share in the year 2019.
- Based on application segmentation, the Food type was the leading revenue-generating category in 2019.
- On the basis of region, the “North America” region was the leading revenue generator in 2019.
Key Recommendations from Analysts
- As per our analysts, the Industrial Hemp market demand is escalating owing to its plentiful benefits on the human body along with the changing sociopolitical and health trends towards the consumption of healthy food.
- The renewable properties along with the utilization of every byproduct in the manufacturing of hemp products make it an ideal eco-friendly option for the consumers.
- Growing at a CAGR around 34%, the Industrial Hemp market provides abundant growth options for all of the involved investors across the entire value chain.
- The rising public and private investments along with regulatory support have created several opportunities for market growth.
- Our analysts have identified the “CBD Hemp Oil” and “Pharmaceuticals” category as the leading investment pocket for the Industrial Hemp market in terms of type and application segmentation respectively.
Market Attractiveness – By Type
Industry Major Market Players
- Hempco
- Ecofibre
- Hemp Inc.
- GenCanna
- HempFlax BV
- Konoplex Group
- Hemp Oil Canada
- BAFA
- Hemp Poland
- Dun Agro
- Colorado Hemp Works
- Canah International
- South Hemp Tecno
- Plains Industrial Hemp Pr
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