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Industrial Hemp Market Size Growth Analysis By Revenue, Share, Scenario on Latest Trends & Forecast To 2021-2031 - Hempco, Ecofibre, Hemp Inc, Gencanna
Industrial Hemp Market
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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.
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.
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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.
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Segmentation:
By Type
Hemp seed
Hemp seed oil
Hemp fiber
By Application
Food
Snacks & cereals
Soup, sauces, and seasonings
Bakery
Diary & frozen desserts
Others (cold cereals, pasta, chocolate spreads, and pet food)
Beverages
Hot beverages
Sports & energy drinks
Ready to drink
Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
Personal care products
Textiles
Pharmaceuticals
By Source
Conventional
Organic
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Key Players:
Hempco
Ecofibre
Hemp Inc
Gencanna
Agropro
Manitoba Harvest Hemp Foods
Hempro International
Green Source Organics
Hemp Foods Australia
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