Industrial Hemp Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Industrial hemp is also known as hemp. Industrial hemp is the strain of the cannabis sativa plant species usually which is found in the northern hemisphere. Industrial hemp is cultivated for industrial (non-drug) use and consumer products. Industrial hemp is low in active tetrahydrocannabinol (THC) and high in fiber. Industrial hemp can be used to replace many potentially harmful products such as tree paper, plastics, petroleum-based products which do not decompose quickly. Industrial hemp is produced in various countries across the world. Major producers include Canada, France, and China.

MARKET DYNAMICS

Increasing legalization in the farming of industrial hemp across the globe is driving the demand for industrial hemp market. Furthermore, various functional properties of hemp seed and hemp seed oil are also projected to influence the industrial hemp market significantly. Moreover, increasing use of industrial hemp in different food applications is anticipated to have a robust impact in the industrial hemp market. The growing number of chronic diseases, in turn, are expected to generate untapped opportunity for the market participants.

MARKET SCOPE

The "Global Industrial Hemp Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial hemp market with detailed market segmentation by type, application, source and geography. The global industrial hemp market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial hemp market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global industrial hemp market is segmented on the basis of type, application and source. Based on type, the market is segmented into hemp seed, hemp seed oil, CBD hemp oil, and hemp fiber. On the basis of the application the market is segmented into food, textiles, beverages, personal care products, pharmaceuticals, and others. On the basis of the source the market is segmented into conventional and organic.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial hemp market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial hemp market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting industrial hemp market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the industrial hemp market in these regions.

MARKET PLAYERS

The reports cover key developments in the industrial hemp market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from industrial hemp market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial hemp in the global market. Below mentioned is the list of few companies engaged in the industrial hemp market.

The report also includes the profiles of key industrial hemp companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  COLORADO HEMP WORKS
•  Dun Agro
•  Ecofibre Ltd
•  GenCanna Global USA, Inc.
•  Hemp Oil Canada
•  Hemp Pol and
•  Hemp, Inc.
•  Hempco Food and Fiber Inc.
•  HempFlax BV
•  The Konoplex Group

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Industrial Hemp Report Scope