Press release
Industrial Hemp Market - Remain Positive On Improving Demand Outlook | Hempco Food and Fiber Inc., Ecofibre, Hemp Inc.
Industrial Hemp Market by Type (Hemp Seed, Hemp Oil, Hemp Fiber and Others), Application (Food and Beverages, Textiles, Personal Care Products, Pharmaceuticals and Others) and By Source (Conventional and Organic): Global Opportunity Analysis and Industry Forecast, 2021-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Industrial Hemp market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Industrial Hemp market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. - Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional SituationDownload Free Sample Copy of 'Industrial Hemp market' Report @
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The global industrial hemp market size was valued at $4.9 billion in 2019, and is projected to reach $18.6 billion by 2027, registering a CAGR of 22.4% from 2021 to 2027. Hemp oil consists a high anti-inflammatory properties due to it gamma linoleic acid (GLA) as well as omega-9. Moreover, the abundance of fatty acids makes the hemp oil a great choice for nourishing the skin and also helps in protecting the skin from oxidation, inflammation and other causes of ageing. In addition, hemp seeds contain one of the most balanced and richest natural sources of essential oils for human consumption. The compositions of essential fatty acids such as Omega-3 and omega-6 fatty acids, vitamin A, E, B-12, magnesium, iron, potassium and folic acid provides more elasticity to the skin and makes hairs more strong and shiny. Thus, owing to the presence of fatty acid and anti-inflammatory properties in hemp seed and hemp oil makes it suitable ingredient for the beauty and personal care products and hence fueling the growth of industrial hemp market.
Companies providing hemp and hemp-derived products require compliance with different regulatory guidelines worldwide. While countries across the globe practice and regulate various levels of legalization for different types of hemp. The strict regulatory rules and norms relating to the production and sales of industrial hemp across various states in the same country could be different for producers and stakeholders to comply with. Furthermore, the norms associated with hemp containing tetrahydrocannabinol (THC) and also remain great varied from state to state and country to country, which further leads to compliance related with the trading of the commodity. For example, in the U.S. diversified legal policies should be taken into consideration these policies consists of licensure of growers, certification of seed, regulation, state-wide commissions, and legal protection of growers. Thus, strict rules and regulation of government across the globe regarding the production of industrial hemp and its diversified uses challenges the growth of the market.
COVID-19 was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. With the sudden outbreak of COVID-19 pandemic, majority of the countries had imposed lockdowns, and curfews which has hugely impacted lifestyles, health & wellbeing, and also affected the manufacturing industries, thereby affecting the growth of industrial hemp market industry to some extent
The industrial hemp market has been segmented based on type, application, source and region. Based on type, the industrial hemp market is segmented into hemp seed, hemp oil, hemp fiber and others. Based on application the global market is studied across food and beverages, textiles, personal care products, pharmaceuticals and others. On the basis of source, the market is categorized into conventional and organic. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report includes Hempco Food and Fiber Inc., Ecofibre, Hemp Inc., GenCanna, HempFlax Group B.V., The Konoplex Group, South Hemp, Plains Industrial Hemp Processing Ltd., MH medical hemp and Hempro International GmbH & Co. KG
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial hemp market analysis from 2019 to 2027 to identify the prevailing industrial hemp market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the industrial hemp market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial hemp market trends, key players, market segments, application areas, and market growth strategies.
KEY MARKET SEGMENTS
- By Type
o Hemp Seed
o Hemp Oil
o Hemp Fiber
o Others
- By Application
o Food and Beverages
o Textiles
o Personal Care Products
o Pharmaceuticals
o Others
- By Source
o Conventional
o Organic
For the purpose of creating company plans and strategies, our market research offers crucial information on market size, business trends, industry structure, market share, and market predictions.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We examine how COVID-19 has affected diverse regions and significant nations.It is noted how COVID-19 will affect the industry's future growth.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline
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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include: Market Sizing and Structuring, Micro and macro analysis, Regional dynamics and Operational landscape, Demographic profiling and Addressable market, Legal Set-up and Regulatory frameworks, Profitability and Cost analysis, Segmentation analysis of Market, Existing marketing strategies in the market, Best practice, GAP analysis, Competitive landscape, Leading market players, Benchmarking, Future market trends and opportunities - Scenario modeling
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the: Existing market infrastructures, Market challenges and opportunities, Potential for growth in certain industries in the coming years, End-consumer target groups and their potential volumes of operation, Best regions and segments to target , Pros and cons of various promotion models, Touch points and an opportunity breakdown within the value chain, Market size and growth rate during forecast period., Key factors driving the Market., Key market trends cracking up the growth of the Market., Challenges to market growth., Key vendors of Market., Detailed SWOT analysis., Opportunities and threats faces by the existing vendors in Global Market., Trending factors influencing the market in the geographical regions., Strategic initiatives focusing the leading vendors., PEST analysis of the market in the five major regions.
The market factors described in this report are:
Key Strategic Developments in the Market:
The research includes the key strategic developments of the market, comprising R&D, M&A, agreements, new product launch, collaborations, partnerships, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.
Key Market Features in Global Market:
The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition to that, the study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments.
Analytical Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Industrial Hemp Market Report:
Global Industrial Hemp Market Research Report
Section 1: Global Industrial Hemp Industry Overview
Section 2: Global Economic Impact on Industrial Hemp Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Industrial Hemp Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Industrial Hemp Market Forecast
……..and view more in complete table of Contents
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