Global Organic Hemp Products Market, By Type (Organic Hemp Seed Hearts, Organic Hemp Seed Oil Capsule, Organic Hemp Seed Protein Powder), Application (Food & Beverages, Nutritional Supplements, Cosmetics, Pharmaceuticals, Textiles, Personal Care Products, Others), Distribution Channel (Specialty Stores, Pharmacies, E-Commerce, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Organic Hemp Products Market
The organic hemp products market is expected to witness market growth at a rate of 7.60% in the forecast period of 2021 to 2028 and is expected to reach USD 8.085 billion by 2028. Data Bridge Market Research report on the organic hemp products market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in awareness regarding the benefits of hemp is escalating the growth of the organic hemp products market.
Organic hemp products refer to the type of products manufactured from the plant, such as oil and protein powders, as a supplement for improving health. The plants are grown for food and beverage and non-food-based products without pesticides, herbicides, toxic chemicals, and fertilizers.
The rise in inclination towards natural organic products over pharmaceuticals across the globe acts as one of the major factors driving the growth of the organic hemp products market. The surge in the investment for the production of hemp-based products and rise in demand for hemp fibers in various industries such as automotive, food and beverage, construction, personal care, and textile accelerate the market growth. The rise in the demand for hemp oil helps prevent and alleviate ailments, and growth in awareness among the population regarding the products therapeutic properties further influences the market. In addition, the rise in legalization in the cultivation of hemp, prevalence of chronic diseases, increase in use for numerous food applications, and emerging consumer trends because of the surge in several social media influencers promoting the benefits of the product positively affect the organic hemp products market. Furthermore, product development extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the lack of viable seeds for the cultivation of hemp and complex regulatory structure for the use of hemp products are expected to obstruct the market growth. Lack of processing facilities is projected to challenge the organic hemp products market in the forecast period of 2021-2028.
This organic hemp products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 organic hemp products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Organic Hemp Products Market Scope and Market Size
The organic hemp products market is segmented on the basis of type, application, and distribution channel. The growth among segments helps you analyze 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 type, the organic hemp products market is segmented into organic hemp seed hearts, organic hemp seed oil capsule and organic hemp seed protein powder.
- On the basis of application, the organic hemp products market is segmented into food & beverages, nutritional supplements, cosmetics, pharmaceuticals, textiles, personal care products and others.
- On the basis of distribution channel, the organic hemp products market is segmented into specialty stores, pharmacies, e-commerce and others.
Global Organic Hemp Products Market Country Level Analysis
The organic hemp products market is analyzed and market size, volume information is provided by country, type, application, and distribution channel as referenced above.
The countries covered in the global the organic hemp products market report are the 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).
North America and Europe dominate the organic hemp products market because of the legalized utilization of cannabis for medicinal and recreational applications, high awareness among consumers, and the development of hemp varieties within the region.
The country section of organic hemp products 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 Organic Hemp Products Market Share Analysis
The organic hemp products 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 organic hemp products market.
The major players covered in the organic hemp products market report are Hempco, CBD Biotechnology Co., Ltd., Ecofibre, Hemp Inc., GenCanna, HempFlax Group B.V., Konoplex, Hemp Oil Canada, HemPoland., Dun Agro Hemp Group., Colorado Hemp Works, INC, Canah, South Hemp, Plains Industrial Hemp Processing Ltd., MH medical hemp, Parkland Industrial Hemp Growers Co-op. Ltd., Botanical Genetics, LLC, Marijuana Company of America, Inc., HempMeds Brasil, Terra Tech Corp., American Cannabis Company Inc., Industrial Hemp Manufacturing, LLC 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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