Press release
Industrial Hemp Market Surge in Demand from Food and Beverages Industry to Boost at CAGR of 16.9% by 2029
Research report on the Industrial Hemp market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Industrial Hemp market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.
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Industrial Hemp Market Dynamics
Industrial Hemp Market Drivers
Market Players will Benefit from Nutritional Values of Hemp during Forecast Period
The high nutritional value of hemp, as well as its healthy fatty acid and protein composition, is driving up demand for hemp supplements. Because of its high absorbency, hemp fibre is useful for animal bedding, personal hygiene, and oil and gas clean-up. Furthermore, rising product demand from the paper, textile, and building materials markets due to good aesthetic and acoustic properties will propel the global industrial hemp market forward. Hemp-based products are environmentally friendly, renewable, and associated with less toxic manufacturing methods. Paper made from hemp fibre contains fewer chemicals than paper made from wood pulp.
Increased consumer awareness of product benefits is expected to fuel market growth. Businesses that sell hemp and hemp-derived products, on the other hand, are subject to a variety of regulatory requirements around the world. While different forms of hemp are legal in different countries around the world, the stringent regulatory requirements governing the cultivation and sale of industrial hemp across many states within the same country may be difficult for producers and consumers to meet.
Industrial Hemp Market Restraints
Lack of Knowledge about Hemp to Hinder Its Market Growth
Health concerns and dogma related to the usage of hemp will hinder its market during the forecast period. The market will be further restrained by the government regulations in different parts of the world.
Prominent Key players of the Industrial Hemp Market survey report:
Historical data available in the report elaborates on the development of the Industrial Hemp on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Green Thumb Industries Inc., Curaleaf Holdings, Inc., Cronos Group Inc., Ecofibre Limited, GenCanna, HempFlax BV, Konoplex Group, Hemp Oil Canada, BAFA, Dun Agro Hemp Group.
Industrial Hemp Market Recent Developments
In January 2022, In response to the COVID study findings, Hemp Inc. introduced cannabidiolic acid and cannabigerolic acid products. These items will be offered in a range of strengths, tastes, and formulations.
In February 2021, HemPoland launched CannabiGold Sport, a range of pre- and post-workout supplements made from hemp for professional and recreational athletes.
Industrial Hemp Market Segmentation:
Industrial Hemp Market By Type, 2023-2029, (USD Billion), (Kilotons)
Hemp Seed
Hemp Seed Oil
Hemp Oil
Hemp Bast
Hemp Hurds
Industrial Hemp Market By Source, 2023-2029, (USD Billion), (Kilotons)
Conventional
Organic
Industrial Hemp Market By Application, 2023-2029, (USD Billion), (Kilotons)
Food & Beverages
Textiles
Pharmaceuticals
Personal Care Products
Animal Nutrition
Paper
Construction Materials
Other Applications
The regional outlook by revenue covers the countries namely:
✦ North America (United States, Canada and Mexico)
✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
✦ South America (Brazil, Argentina, Colombia, and Rest of South America)
✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Read Full Report with TOC:
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Key Features of the Industrial Hemp Market Report: -
⇨ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.
⇨ To study and analyse the global Industrial Hemp industry status and forecast including key regions.
⇨ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
⇨ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
⇨ It helps you make strategic business decisions and investment plans.
Competitive Landscape
Competition has been growing for the Industrial Hemp industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.
Highlight the Following Key Factors:
► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Table of Contents
Global Industrial Hemp Market Research Report 2023-2029
1 Industrial Hemp Market Overview
1.1 Product Overview and Scope of Industrial Hemp
1.2 Industrial Hemp Segment by Type (Product Category)
1.3 Global Industrial Hemp market Segment by Application
1.4 Global Industrial Hemp Market by Region (2023-2029)
1.4.1 Global Industrial Hemp Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)
1.4.2 North America Status and Prospect (2023-2029
1.4.3 Europe Status and Prospect (2023-2029)
1.4.4 China Status and Prospect (2023-2029)
1.4.5 Japan Status and Prospect (2023-2029)
1.4.6 Southeast Asia Status and Prospect (2023-2029)
1.4.7 India Status and Prospect (2023-2029)
1.5 Global Market Size (Value) of Industrial Hemp (2023-2029)
1.5.1 Global Industrial Hemp Revenue Status and Outlook (2023-2029)
1.5.2 Global Industrial Hemp Capacity, Production Status and Outlook (2023-2029)
…
Why Choose Industrial Hemp Market Report?
✔ Unbiased conclusions and market insights
✔ 24×7 customer service available to address client queries
✔ Highly efficient and experienced team of analysts striving to create top-quality reports
✔ Our reports have facilitated the growth of over 500 companies
✔ The systematic and methodical market research process
Thank you for your interest in the Industrial Hemp Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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