Global Industrial Hemp Market By Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Fiber), Application (Food, Textiles, Beverages, Personal Care Products, Pharmaceuticals, Others), Source (Conventional, Organic), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Industrial Hemp Market
Industrial hemp market is expected to reach USD 21.16 billion by 2027 growing at a growth rate of 21.02% in the forecast period 2020 to 2027. Increasing legalisation in the cultivation will act as a factor for the industrial hemp market in the forecast period of 2020- 2027.
Increasing demand of hemp based products, growing awareness regarding the benefits of recreational hemp, rising applications of hemp in different food products, increasing occurrences of chronic disorders will likely to enhance the growth of the industrial hemp market in the forecast period of 2020-2027. On the other hand, growing investment for the product development will further boost various opportunities that will lead to the growth of the industrial hemp market in the above mentioned forecast period.
Complex structure along with strict government regulations is likely to hamper the growth of the industrial hemp market in the above mentioned forecast period.
This industrial hemp market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial hemp market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Hemp Market Scope and Market Size
Industrial hemp market is segmented on the basis of source, type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the industrial hemp market is segmented into conventional and organic.
- Based on type, the industrial hemp market is segmented into hemp seed, hemp seed oil, CBD hemp oil, and hemp fiber.
- Based on the application, the industrial hemp market is segmented into food, textiles, beverages, personal care products, pharmaceuticals, and others. Food has been further segmented into snacks & cereals, soups, sauces, & seasonings, bakery products, dairy & frozen desserts, and others. Beverages have been further bifurcated into hot beverages, sports & energy drinks, ready-to-drink beverages, and others.
Industrial Hemp Market Country Level Analysis
Industrial hemp market is analyses and market size, volume information is provided by country by source, type and application as referenced above.
The countries covered in the industrial hemp market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the industrial hemp market due to the prevalence of large customer base along with rising applications in construction material, automotive while North America will expect to grow in the forecast period 2020 to 2027 because of growing legalisation of hep products along with rising demand of food and supplements in the region.
The country section of the industrial hemp market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Hemp Market Share Analysis
Industrial hemp market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial hemp market.
The major players covered in the Industry Hemp Company, Ecofibre, Hemp Inc, GenCanna, HempFlax Group B.V., Konoplex, Hemp Oil Canada Inc, BAFA NEU GmbH, Hempoland, Dun Agro Hemp Group., Colorado Hemp Works, LLC, South Hemp Tecno, Plains Industrial Hemp Processing Ltd., MH medical hemp, report are among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available: Global Industrial Hemp Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.