Press release
Industrial Hemp Market Booming Worldwide Opportunity, Upcoming Trends & Growth Forecast 2021-2026
Industrial Hemp MarketIndustrial hemp is a variety of Cannabis Sativa plants grown for industrial purposes. Industrial hemp has a lower level of psychoactive compounds than cannabis THC has. It is used for manufacturing a wide range of products in industries, such as usable fibers, paper, textiles, rope, biodegradable plastics, clothing, paint, insulation, biofuel, animal feed, and food.
The Major Players Covered in this Report:
Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
Hempco
CBD Biotechnology Co., Ltd.
Ecofibre
Hemp Inc.
Botanical Genetics, LLC
GenCanna
Marijuana Company of America Inc.
HempFlax BV
Konoplex Group
HempMedsBrasil
Terra Tech Corp
Hemp Oil Canada
Industrial Hemp Manufacturing, LLC
BAFA
Hemp Poland
Dun Agro
Colorado Hemp Works
Canah International
American Cannabis Company, Inc.
South Hemp Tecno
Plains Industrial Hemp Processing
MH Medical Hemp
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By Nature
Organic
Conventional
By Product Type
Seed
Fiber
Shives
Others
By Application
Food and Beverage
Personal Care
Textiles
Pharmaceuticals
Paper
Others
Increasing Application of Hemp Seed and Hemp Oil in Food Industry
The demand for hemp is increasing in the food industry owing to its functional properties. Industrial hemp is low in tetrahydrocannabinol (THC) as a result, it doesn’t have strong psychoactive effects, which makes it useful for the food processing industries. It is rich in vitamin E, vitamin B1, vitamin B2, vitamin D, vitamin B6, potassium, magnesium, and calcium. Industrial hemp is also rich in two essential fatty acids, i.e., linoleic (omega 3) and linoleic (omega 6).
Hemp seeds contain enough protein and can be considered as a value addition to vegetarian and vegan diets. Hemp is used as a source of essential fatty acids since it is low in saturated fats and contains no trans-fats. The food items prepared using industrial hemp can be consumed by diabetic patients. The growing demand for functional foods and increasing applications of hemp in food industries is expected to drive the global industrial hemp market. According to the Institute of Food Technologists (IFT), the global functional foods sales were USD 267 billion in 2020. Moreover, naturally healthy foods sales were USD 259 billion in February 2020.
Regional Analysis For Industrial Hemp Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In this study, the years considered to estimate the market size of the Industrial Hemp are as follows:
History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026
The study objectives of this report are:
To study and forecast the market size of the Industrial Hemp in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players
For More Details On this Report:
https://straitsresearch.com/report/Industrial-Hemp-market
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Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.
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