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North America Hemp Market Research Report 2021: Size, Share, Trends, Industry Growth and Forecast 2026

07-29-2022 02:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

North America Hemp Market Report

North America Hemp Market Report

According to the latest report by IMARC Group, titled "North America Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the north America hemp market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Download free sample of the report: https://www.imarcgroup.com/north-america-hemp-market/requestsample

North America Hemp Market Industry Definition and Application:

The Sativa plant produces hemp, a little, brown oilseed. It is abundant in protein, fibre, minerals, good fats, and antioxidants. It is frequently used to relieve chronic pain, improve immunity, increase metabolism, and raise mood. As a result, it is used in the manufacturing of medications, dietary supplements, cosmetics, and food and drinks throughout North America.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

North America Hemp Market Trends and Drivers:

The prevalence of cancer is currently significantly increasing in the North American region. This is accelerating the demand for hemp-based products together with people's growing understanding of the nutritional advantages of hemp. These goods help cancer patients who have experienced nausea, exhaustion, and persistent discomfort due to chemotherapy. In addition, there has been a noticeable increase in demand for plant-based substitutes like hemp-based vegan meat and hemp milk across the region as a result of the expanding vegan cuisine trends. The launch of ready-to-eat (RTE) product varieties, such as hemp-based cereals, smoothies, bars, and yoghurt, has further impacted the industry.

Browse full report with TOC: https://www.imarcgroup.com/north-america-hemp-market

North America Hemp Market Segmentation:

The report has segmented the market on the basis on country, product type, application, source.

Breakup by Product Type:

Hemp Seed
Hemp Seed Oil
Others

Breakup by Application:

Food
Snacks and Cereals
Soup, sauces, and seasonings
Bakery
Dairy and frozen desserts
Others (cold cereals, pasta, chocolate spreads, pet food)
Beverages
Hot Beverages
Sports and Energy Drinks
Ready-to-Drink
Others (Meal Replacement Drinks, Beverage Mixes, Beverage Concentrates, Juice Drinks)
Textiles
Pharmaceuticals
Personal Care Products
Others (Paper, Automobiles, Construction and Materials, Furniture, etc.)

Breakup by Source:

Organic
Conventional

Breakup by Country:

United States
Canada

Who are the Major North America Hemp Key players?

BaFa Neu GmbH(Planete Chanvre), Dun Agro Hemp Group, Ecofibre, Gencanna, Hemp Inc., Hemp Oil Canada, Hempflax BV(Hempflax Group BV), Konoplex Group, Marijuana Company of America Inc. and U.S. HempCo.

Related Report by IMARC Group:

United States Frozen Meat Market Report: https://www.imarcgroup.com/united-states-frozen-meat-market

Japan Functional Drinks Market Report: https://www.imarcgroup.com/japan-functional-drinks-market

Indonesia Edible Oil Market Report: https://www.imarcgroup.com/indonesia-edible-oil-market

Colombia Hemp Market Report: https://www.imarcgroup.com/colombia-hemp-market

India Sports Nutrition Market Report: https://www.imarcgroup.com/india-sports-nutrition-market

GCC Sports Nutrition Market Report: https://www.imarcgroup.com/gcc-sports-nutrition-market

GCC Halal Food Market Report: https://www.imarcgroup.com/gcc-halal-food-market

Scandinavia Organic Packaged Food and Beverages Market Report: https://www.imarcgroup.com/scandinavia-organic-packaged-food-beverages-market

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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