Press release
Industrial Hemp Market to Reach USD 88.42 Billion by 2030, Growing at 34.4% CAGR
Industrial Hemp Market
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
๐ด๐๐๐๐๐ ๐ซ๐๐๐๐๐๐๐:Increasing legalization of hemp cultivation for industrial purposes and growing awareness of its ecological benefits are primary drivers.
๐บ๐๐๐๐๐๐๐๐ ๐จ๐๐๐๐๐๐๐:The fiber segment holds a significant share, followed by hemp seeds, which are gaining traction in the health food sector.
๐น๐๐๐๐๐๐๐ ๐ฐ๐๐๐๐๐๐๐:Detailed country-specific growth insights and updates are as follows:
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/33440/ ๏ปฟ
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam is emerging as a significant player in the industrial hemp market. Recent government initiatives to promote hemp cultivation for export-oriented industries have opened up new avenues. Collaborations with global companies like ๐๐๐ฆ๐ฉ๐๐จ ๐๐ง๐ ๐๐๐จ๐ ๐ข๐๐ซ๐ have accelerated the adoption of hemp in textiles and construction materials. Vietnam is also witnessing a surge in research partnerships with universities for innovative hemp-based applications.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's industrial hemp market is booming, particularly after its government legalized hemp for industrial use in 2021. The pharmaceutical sector is rapidly integrating hemp-derived products, driving significant investments. Key developments include partnerships between ๐๐จ๐ฒ๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐ง๐ ๐๐ข๐๐ฆ ๐๐ข๐จ๐๐๐ข๐๐ง๐๐, focusing on the development of hemp-based medicinal products.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's stringent regulations around hemp cultivation have eased in recent years, creating opportunities for market expansion. The country's demand for high-quality hemp fiber in traditional textiles is growing. Recent investments by ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง into hemp-based bioplastics highlight a shift toward sustainable solutions.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is witnessing significant growth in hemp-based health products, driven by increasing consumer demand for sustainable and organic products. ๐๐ ๐๐ก๐๐ฆ ๐๐ง๐ ๐๐๐ฆ๐ฉ๐ ๐ฎ๐ฌ๐ข๐จ๐ง have announced joint ventures to develop hemp-infused wellness products. Additionally, advancements in hemp-based cosmetics are expected to contribute substantially to market growth.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐:
Singapore is positioning itself as a research and development hub for industrial hemp. Collaborations with firms like Canopy Growth are focused on innovative applications, including hemp-derived pharmaceuticals and nutraceuticals. The government's pro-research policies make it a key player in the region.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐:
The US remains the largest market for industrial hemp, driven by increasing consumer awareness and diverse applications. The 2018 Farm Bill has continued to facilitate market expansion. Recent acquisitions by ๐๐ก๐๐ซ๐ฅ๐จ๐ญ๐ญ๐'๐ฌ ๐๐๐ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ ๐๐ง๐ ๐๐ ๐๐๐ข๐๐ง๐๐๐ฌ have strengthened the market position of domestic players. The food and beverage sector has particularly benefitted from innovations in hemp-derived ingredients.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐:
Europe's industrial hemp market is thriving due to stringent sustainability regulations and consumer demand for eco-friendly products. Germany and France dominate the market, with companies like ๐๐๐ฆ๐ฉ๐ ๐ฅ๐๐ฑ ๐๐ง๐ ๐๐ข๐จ๐ซ๐ข๐ณ๐จ๐ง ๐๐ข๐จ๐ญ๐๐๐ก leading investments in R&D. Notably, the European Industrial Hemp Association (EIHA) has played a pivotal role in fostering market growth through lobbying efforts.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/33440/
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ ๐ป๐๐๐
Hemp Seed
Hemp Seed Oil
Hemp Fiber
The market is divided into four categories based on type: hemp fiber, hemp seed, hemp seed oil, and hemp oil. Over the course of the forecast period, the hemp fiber segment is anticipated to dominate the market. The fibers of hemp are classified as hurds (inner short fibers) and bast (outer long strands). The bast fibers are further classified into two groups: primary bast fibers, which can reach a length of 50 mm and contain 50-70% cellulose, and secondary bast fibers, which are only around 2 mm long. Because bast fibers can be spun and knitted, they are mostly used in the textile industry.
๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐
Food, Beverages
Personal Care Products
Textiles
Pharmaceuticals
Others
The market is divided into segments based on application, including food, drinks, textiles, personal care items, pharmaceuticals, and others. Forecasts indicate that the food segment will dominate the industrial hemp market. This is because hemp is used to make foods that are high in minerals including protein, calcium, zinc, iron, salt, potassium, and magnesium, as well as linoleic and linolenic acid and vitamin E. The most popular way to consume hemp seeds is raw or roasted. It is found in cereals, yogurt, smoothies, and salads. As veganism gains popularity worldwide, it is predicted that the demand for processed foods made from hemp, such as bars, flour, snacks, and cheese, will increase in response to the growing consumption of plant-based protein.
๐๐ ๐บ๐๐๐๐๐
Organic
Conventional
The market is divided into conventional and organic segments based on the source. Conventional hemp products dominated the industrial market since they are less costly than organic hemp products. Additionally, even though commercial hemp is not certified, it is rich in vitamins and other essential fatty acids.
๐๐จ ๐๐๐ฅ๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/33440/
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐:
1. Valley Bio Ltd.
2. Hemp, Inc.
3. Terra Tech Corp.
4. American Hemp
5. Ecofiber Industries Operations
6. Botanical Genetics, LLC
7. Marijuana Company of America, Inc.
8. HempMedsBrasil
9. Biotechnology Co.
10.Plains Industrial Hemp Processing Ltd.
11.HempFlax B.V.
12.Industrial Hemp Manufacturing, LLC
13.Boring Hemp Company
14.American Company, Inc.
15.Parkland Industrial Hemp Growers Cooperative Ltd.
๐๐ญ๐๐ฒ ๐๐ก๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ฏ๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
India Optical Fiber Cables Market https://www.maximizemarketresearch.com/market-report/india-optical-fiber-cables-market/39875/
Global Low Noise Amplifier Market(LNA) https://www.maximizemarketresearch.com/market-report/global-low-noise-amplifier-market-2/26196/
Global Microbiology Culture Market https://www.maximizemarketresearch.com/market-report/global-microbiology-culture-market/38741/
Cognitive Process Automation Market https://www.maximizemarketresearch.com/market-report/cognitive-process-automation-market/148208/
Wind Turbine Forging Market: https://www.maximizemarketresearch.com/market-report/wind-turbine-forging-market/219987/
Liver Disease Therapeutics Market https://www.maximizemarketresearch.com/market-report/liver-disease-therapeutics-market/229296/
Healthcare Security Systems Market https://www.maximizemarketresearch.com/market-report/healthcare-security-systems-market/188190/
Global Advanced Commercial Laundry Machines Market https://www.maximizemarketresearch.com/market-report/global-advanced-commercial-laundry-machines-market/33786/
Global Rheumatology Therapeutics Market https://www.maximizemarketresearch.com/market-report/global-rheumatology-therapeutics-market/39217/
Cane Sugar Market https://www.maximizemarketresearch.com/market-report/cane-sugar-market/145896/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Hemp Market to Reach USD 88.42 Billion by 2030, Growing at 34.4% CAGR here
News-ID: 3791939 • Views: โฆ
More Releases from Maximize Market Research Pvt. Ltd.
Functional Brain Imaging Systems Market Key Trends, Opportunities, Revenue Analy โฆ
Functional Brain Imaging Systems Market was valued at US$ 4.98 Bn. in 2023, and the total functional brain imaging systems revenue is expected to grow at a CAGR of 6.8 % for the period 2024-2030, reaching nearly US$ 7.90 Bn. in 2030.
Functional Brain Imaging Systems Market Overview:
The Functional Brain Imaging Systems Market is witnessing significant growth due to increasing demand for advanced diagnostic tools in neuroscience and mental health research.โฆ
Small-Scale Bioreactors Market Development Status, Share, Size, Trend Anlysis, C โฆ
The Small-Scale Bioreactors Market size was valued at USD 1.41 Billion in 2024 and the total Small-Scale Bioreactors revenue is expected to grow at a CAGR of 8.6% from 2025 to 2032, reaching nearly USD 2.73 Billion.
Small-Scale Bioreactors Market Overview:
The Small-Scale Bioreactors Market is witnessing robust growth driven by increasing demand for efficient and scalable solutions in biopharmaceutical research, process development, and academic laboratories. These systems enable rapid optimization ofโฆ
India Microwave Oven Market Growth Forecast (2022-2029) - Expected to Reach USD โฆ
India Microwave Oven Market size was valued at US$ 398.53 Bn in 2021 and the total revenue is expected to grow at 8.96% through 2022 to 2029, reaching nearly US$ 791.77 Bn.
India Microwave Oven Market Overview:
The India Microwave Oven Market is experiencing steady growth, driven by the increasing adoption of modern kitchen appliances and the rising influence of urban lifestyles. Changing food consumption patterns, growing disposable income, and a preferenceโฆ
Glutathione Market Future Scope Analysis with Size, Trend, Opportunities, Revenu โฆ
The glutathione market size was valued at USD 2.58 Billion in 2024 and the total revenue is expected to grow at a CAGR of 12.87 % from 2025 to 2032, reaching nearly USD 6.8 Billion.
Glutathione Market Overview:
The Glutathione Market is witnessing robust growth driven by the increasing awareness of its powerful antioxidant properties and its rising application across pharmaceuticals, cosmetics, and nutraceuticals. Glutathione plays a vital role in detoxification, immuneโฆ
More Releases for Hemp
Hemp Juice Market Complete Survey 2021-2028: Hemp CBD Ltd., Sana Hemp Juice, Kam โฆ
Hemp juice is basically obtained from the upper part as well as the leaves of a hemp plant. To extract this juice, most of the juice manufacturers utilized low-speed juicers. The hemp juice usually contains high Calcium, Phosphorus, Magnesium, Selenium, Vitamin E, Zinc, Iron, and Vitamin A. In addition to that, this juice further reduces the risk of many diseases and promotes health. Many individuals mostly preferred hemp juice owingโฆ
Global Industrial Hemp Market Growing Popularity and Emerging - Industrial Hemp โฆ
The โIndustrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis,โ A fundamental outline of the Industrial Hemp niche is presented by the Industrial Hemp report that entails definitions, classifications, applications together with industry chain framework. The Industrial Hemp report provides a far-reaching evaluation of necessary market dynamicsโฆ
Global Hemp Juice Market 2020 Future Trends - Blue Moon Hemp, Cloud 9 Hemp, HANO โฆ
The โHemp Juice Market by Nature (Organic and Conventional), by Form (Powder and Liquid), by End-Use (Household and Commercial), and by Distribution Channel (Direct Sales and Indirect Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2โ A fundamental outline of the Hemp Juice niche is presented by the Hemp Juice report that entails definitions, classifications, applications together with industry chain framework. The Hemp Juice report provides a far-reaching evaluation ofโฆ
Hemp Juice Market 2020 Top Companies- Sana Hemp Juice, Cloud 9 Hemp, Blue Moon H โฆ
Hemp Juice Market
Hemp juice is extracted from the leaves and upper part of the hemp plant. Majority of the hemp juice manufacturers are using specialized low-speed juicers to extract the juice. Due to increasing stress and speed of modern life, our body strives for energy and revitalization. Intake of hemp juice leads to revitalization & rejuvenation of the body parts and restores as well as regenerates the healthy lifestyle amongโฆ
Hemp-based Foods Market Future Outlook : Manitoba Harvest Hemp Oil Canada, Braha โฆ
For in depth understanding of market and competitive landscape, this Hemp-based Foods Market research report serves a lot of parameters and detailed data about industry. The Hemp-based Foods Market report offers you steadfast knowledge and information of revolutionizing market landscape, what already exists in the Hemp-based Foods Market, future trends or what the market expects, the competitive environment, and strategies to plan to outshine the competitors. This information andโฆ
Hemp Market: Hemp Production Services, Manitoba Harvest Hemp Foods, All American โฆ
A new market research report on the Global Hemp market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global Hemp market. The Global Hemp analysis is broken down on different segmentation levels including Market By Product Type, By End Use, By Nature.
The Global Hemp Market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to aโฆ
