Press release
Industrial Hemp Market Detailed Study Analysis with Forecast by 2031 | Hemp Inc, Gencanna, Agropro, Hemp Foods Australia
Industrial Hemp Market
Industrial hemp is a low-cost, fast-growing plant that is also environmentally benign. It is also one of the world's most versatile and long-lasting crops.
The market is being driven by an increase in demand for industrial hemp from businesses such as food and beverage, personal care, and animal care all around the world. Consumer awareness of the benefits of industrial hemp is expected to grow, as is legalization of industrial hemp cultivation in many countries. Industrial hemp is also being used in a variety of industries, including textiles, pharmaceuticals, food, beverage, personal care, construction & material, furniture, and paper.
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The rising consumption of hemp-based products due to its different health advantages and higher occurrences of ailments such as epilepsy and other sleep disorders are contributing to the market's growth. The complex legal system for the use of industrial hemp in many nations, on the other hand, is projected to stifle the product's market expansion.
COVID-19 Impact Analysis:
With the abrupt breakout of the COVID-19 pandemic, a large number of countries enforced lockdowns and curfews, which had a significant influence on people's lifestyles, health, and well-being, as well as manufacturing industries, limiting the expansion of the industrial hemp industry.
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Key Trends and Drivers:
They are high in linoleic (omega-6) and linolenic (omega-3) essential fatty acids (omega-3).
Hemp seeds have enough protein to be considered a valuable complement to a vegan diet, unlike most other plant-based foods, making it unique.
Industrial hemp is a tough, durable natural fiber with little elasticity. Hemp fiber has the highest heat capacity ratio of all natural fibers and has excellent heat insulation.
Segmentation:
By Type
Hemp seed
Hemp seed oil
Hemp fiber
Key Players:
Hempco
Ecofibre
Hemp Inc
Gencanna
Agropro
Manitoba Harvest Hemp Foods
Hempro International
Green Source Organics
Hemp Foods Australia
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Reasons to buy Industrial Hemp Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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