Press release
Hemp Market: Hemp Production Services, Manitoba Harvest Hemp Foods, All American Hemp LLC, North American Hemp & Grain Co. Ltd, Hemp Foods Australia, Hemp Sense Inc, Canopy Growth Corporation, Agropro
The Global Hemp Market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to a valuation of USD XX.X Million by the end of 2024. Moreover, it is anticipated to flourish at a CAGR of 16.9% during the forecast period i.e. 2019-2024.
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According to a research conducted by KD Market Insights, the U.S. hemp market is considered to be USD 820.0 Million in 2017, which indicates a 16% increase over sales in the year 2016. Factors such as the rising demand for hemp-based products which includes hemp oil, personal care products, supplements, and others are believed to spur the growth of the hemp market in the upcoming years. Further, growing consumer awareness regarding benefits associated with hemp products such as an excellent source of nutrition, heart-healthy compounds, and others is anticipated to positively impact the growth of the hemp market. In addition to this, the demand for hemp-fibers is growing on the back of rising demand from the textile industry for manufacturing of spun fibers, and a range of consumer and industrial textiles. Moreover, this factor is expected to drive the growth of the global hemp market.
In terms of geography, the hemp market is analyzed into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these regions, North America is slated to account for the highest percentage of market share in the overall hemp market during the forecast period. Increasing demand for hemp oil in the North American region due to the rising geriatric population and growing concerns about skin diseases are believed to intensify the growth rate of North America hemp market in the upcoming years. In addition to this, Europe hemp market is anticipated to witness substantial growth over the upcoming years. The increasing number of hemp farms in countries such as Ukraine and others are expected to positively impact the growth of Europe hemp market over the forecast period.
Segmentation
The research offers a comprehensive analysis of hemp market with respect to following sub-markets:
By Product Type
- Fiber
- Seeds
- Shives
By End Use
- Consumer Textiles
- - - Clothing
- - - Shoes
- Automotive
- Foods & Beverages
- Hemp CBD
- Hemp Oil
- Personal Care Products
- - - Soap
- - - Beauty Products
- - - Moisturizer
- - - Others
- Supplements
- Farm & Landscaping
- - - Mulch
- - - Composting
- - - Animal Bedding
- Others
By Nature
- Organic
- Conventional
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
Hemp market is witnessing a wide range of industry activities such as acquisition, joint venture, product launch and expansion across the globe. For instance, on March 21, 2019, Canopy Growth Corporation announced the acquisition of AgriNextUSA. This acquisition helped the company to expand its presence in the U.S. market. Apart from this, various new market players are trying to enter into the hemp market, for instance, Schmidt’s Naturals is planning to launch hemp-oil deodorants in September 2019. This product launch will help the company to strengthen its presence into the market over the upcoming years.
Competitive Landscape
Also, the report profiles various major market players such as;
- Hemp Production Services
- Manitoba Harvest Hemp Foods
- All American Hemp, LLC
- North American Hemp & Grain Co. Ltd
- Hemp Foods Australia
- Hemp Sense Inc.
- Canopy Growth Corporation
- Agropro
- HempMeds Brazil
- Botanical Genetics, LLC
- Other Major & Niche Players
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Table of Content
1. Preface
1.1. Research Methodology
1.2. Geographic Scope
1.3. Years Considered
2. Executive Summary
3. Market Overview
3.1. Hemp Overview
3.2. Market Definition & Key Market Segments
3.3. Industry Development
3.4. Global Market Maturity
3.4.1. North America
3.4.2. Europe
3.4.3. Asia Pacific
3.4.4. Latin America
3.4.5. Middle East & Africa
3.5. Porter’s Five Force Analysis
3.6. Industry Value Chain Analysis
3.7. Macro-Economic Trends
4. Competitive Landscape
4.1. Global Hemp Market 2017
4.2. Global Hemp Market Value Share, By Company 2017
4.3. Global Hemp Market Volume Share, By Company 2017
5. Growth Drivers & Barriers in Global Hemp Market
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. Rest of World
6. Trends in Global Hemp Market
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Rest of World
7. Global Hemp Market
7.1. Introduction
7.2. Historical Market Value (USD Million) 2015-2017, Market Value Forecast & Y-o-Y Growth Analysis, 2018-2024
7.3. Historical Market Volume (Tons) 2015-2017, Market Volume Forecast & Y-o-Y Growth Analysis, 2018-2024
8. Global Hemp Market Segmentation Analysis, By Product Type
8.1. Introduction
8.2. Strategic Insights
8.2.1. BPS Analysis, By Product Type
8.2.2. Market Attractiveness, By Product Type
8.3. Fiber Market
8.3.1. Historical Market Value (USD Million) 2015-2017, Market Value Forecast & Y-o-Y Growth Analysis, 2018-2024
8.3.2. Historical Market Volume (Tons) 2015-2017, Market Volume Forecast & Y-o-Y Growth Analysis, 2018-2024
8.4. Seeds Market
8.4.1. Historical Market Value (USD Million) 2015-2017, Market Value Forecast & Y-o-Y Growth Analysis, 2018-2024
8.4.2. Historical Market Volume (Tons) 2015-2017, Market Volume Forecast & Y-o-Y Growth Analysis, 2018-2024
8.5. Shives Market
8.5.1. Historical Market Value (USD Million) 2015-2017, Market Value Forecast & Y-o-Y Growth Analysis, 2018-2024
8.5.2. Historical Market Volume (Tons) 2015-2017, Market Volume Forecast & Y-o-Y Growth Analysis, 2018-2024
9. Global Hemp Market Segmentation Analysis, By End Use
9.1. Introduction
9.2. Strategic Insights
9.2.1. BPS Analysis, By End Use
9.2.2. Market Attractiveness, By End Use
9.3. Consumer Textiles Market
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KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market.
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