Industrial Hemp Market New Investment Opportunities Emerge to Augment Segments in Sector by 2025

A recent report published by QMI on Industrial Hemp market is a detailed assessment of the most important market dynamics. After carrying out thorough research of industrial hemp market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for industrial hemp during the forecast period. It can enable manufacturers of industrial hemp to change their production and marketing strategies in order to envisage maximum growth.

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Industrial Hemp�can be defined as a broad-leaved plant including taproot that is capable of rapid growth under perfect growing conditions. It also includes the by-products of hemp plants and plant parts. It an annual plant and almost every part of the plant, such as seed, stalk, and flower, is useful in a large number of applications such as paper products, textile industries, etc. The legalization in the cultivation of industrial hemp has also positively impacted the market.

Segmentation for better understanding of this market and its growth prospects

The industrial hemp market is segmented into type, source, and application. It is segmented by type into hemp seed, hemp seed oil, hemp fiber and hemp oil with CBD. Due to its numerous health benefits such as pain reduction, the CBD hemp oil is most widely used. It is also used to treat and prevent ailments such as anxiety, depression, pain, and acne.

By source, it is segregated into organic and conventional. There has been a significant rise in the organic segment due to the rising awareness among the consumers about the health benefits of organic hemp seed

By application, it is divided into food & beverages, personal care, textiles, and pharmaceuticals. The industrial hemp is most widely used in the food & beverage sector as these are rich in essential fatty acids (linoleic and linolenic); vitamin E; as well as minerals such as phosphorus, potassium, sodium, magnesium, calcium, zinc, iron, and protein. And hence mostly consumed in the form of hemp seed, raw or roasted and at times it is also added to salads, smoothies, yogurt, and cereals.

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Important Factors Impacting Market Growth:

o Increasing legalization in the cultivation of industrial hemp
o Its various functional properties such as being high in antioxidants, omega-3 and -6 fatty acids
o Their increased use in different food applications
Significant Developments:
o GenCanna and Atalo Holdings entered into a partnership in order to build vertically integrated hemp processing and distribution facility in Kentucky in May 2019.
o In May 2019, GenCanna and Thar Process entered into a partnership and introduced the new CO2 hemp extraction technology

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Ecofibre
2. Hemp Inc.
3. Plains Industrial Hemp Processing Ltd.
4. Marijuana Company of America, Inc.
5. Global Hemp Group Inc.
6. American Hemp LLC
7. Valley BioLimited
8. Boring Hemp Company
9. HempFlax BV

Analysis of regions to understand their potential for growth:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

For industrial hemp market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the industrial hemp market.
North America and Western Europe have been one of the key regions with technological advancements in Food & Agricultural sector. The use of latest technologies in the agricultural activities and established processed food market is estimated to drive demand for industrial hemp market in these regions.�

In addition to this, some of the major companies operating in this market are headquartered in these regions. Asia Pacific is estimated to be one of the fastest growing markets for industrial hemp market. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of industrial hemp market. Middle East and rest of the World are estimated to be emerging regions for industrial hemp market.

Market Segmentation:
By Type:
o Hemp Seed
o Hemp Seed Oil
o Hemp Fiber
o CBD Hemp Oil

By Source:
o Organic
o Conventional

By Application:
o Food
o Beverages
o Personal Care
o Textiles
o Pharmaceuticals

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Source
o By Application
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Source
o By Application
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Source
o By Application
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Source
o By Application
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Source
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Type
o By Source
o By Application

Reasons to Buy This Report:
o Market size estimation of the global industrial hemp market on regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.