Industrial Hemp Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Industrial Hemp Market By Product (Hemp Seeds, Seed Oils, Hemp Fibers and CBD Hemp Oil), By Source (Conventional and Organic), By Application (Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals and Others) and Geography

 

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Report

Description

Global Industrial Hemp Market was valued at USD 4.7 billion in 2020 and is anticipated to grow at USD 26.7 billion till 2027 recording a CAGR of 35% during the forecast period 2021-2027. The industrial hemp market is expected to grow due to its application utilisation in the personal care, food and beverage, textile, and biocomposite industries. The high essential fatty acid content of hemp oil, which prevents and alleviates diseases, is one element leading to industrial growth in the food and beverage sector. Industrial hemp is a resource that is incredibly renewable. The crop produces a large production of edible proteins and fibres, with over 50,000 product applications once harvested. Because people are becoming more health-conscious, the demand for Industrial Hemp products is growing by the day. Consumers’ increased preference for natural products is a major driver for the worldwide Industrial Hemp market. Papermaking, textiles, biodegradable plastics, fuel, construction, and healthful food are just a few of the applications for industrial hemp. Industrial hemp is a crop grown for use in a variety of products such as fabrics and textiles, meals and beverages, cosmetics and personal care products, nutritional supplements, paper, yarns and spun fibres, construction materials, and other items. Industrial hemp is not the same as marijuana, yet they are both cultivars of the Cannabis sativa L. species. On a dry-weight basis, marijuana contains 3 to 15% THC (tetrahydrocannabinol), whereas industrial hemp contains less than 1%. In most developed countries that allow hemp growth, cultivars with less than 0.3 percent tetrahydrocannabinol must be used (THC). Some of the key factors fostering the market growth include increasing number of chronic diseases, rising use of hemp seeds and hemp oil seeds in different food applications together with growing demand for bakery products such as bread and cookies, superior mechanical properties of industrial hemp manufactured through environment friendly process and surging population and an increase in the level of disposable income. However, complex regulatory structure for the usage of industrial hemp and lack of processing facilities are inhibiting the market growth.

 


Industrial Hemp Market

MARKET SUMMARY
-
35%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 35%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Industrial Hemp Market

  • The report on global almond ingredients market gives historical, current, and future market sizes (US$ Mn) on the basis of product, source, application and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global Market market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global almond ingredients market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
  • Key stakeholders of the global almond ingredients market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global almond ingredients products.
Market Key Players
  • Hempco
  • Ecofibre
  • Hemp Inc
  • GenCanna
  • HempFlax BV
  • Konoplex Group
  • Hemp Oil Canada
  • BAFA
  • Hemp Poland
  • Dun Agro
Growth

Industrial Hemp Market

Hemp is measured as one of the world’s most nutritious plants. The seeds contain all of the essential amino acids, making them an ideal source of protein for vegans and raw foodists. Hemp’s booming reputation as a food and beverage ingredient is predicated on bolstered recognition as a versatile nutritional powerhouse. Hemp seeds and oil have been part of the human diet in Asia and Europe for at least 5,000 years. In China and in other hemp growing areas in Asia, hemp seeds remain as traditional foods. Growing demand for hemp-based food products including cooking oil, dairy alternatives, flour, and salad dressings is likely to drive market growth. High consumption of hemp-based foods and supplements owing to increased health issues such as cardiovascular diseases (CVDs) and other serious issues is anticipated to impel growth.


Asia-Pacific Got Significant Share

Industrial Hemp Market

Global Market market report gives comprehensive outlook on Industrial Hemp Market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global almond ingredients market with considerable CAGR. The growth in this region is due to increasing demand for hemps in cosmetics & personal care products and growing consumer awareness related to preventive healthcare together with rising disposable income. China and Japan are the major contributors for the growth of the market in the region. North America held substantial market share during estimated period owing to growing geriatric population, rising concerns regarding skin diseases, growing popularity of cannabidiol products and rising consumer awareness regarding product benefits.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Industrial Hemp Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Table of Content
    1. Executive Summary
    2. Global Industrial Hemp Market Introduction
      • Global Industrial Hemp Market – Taxonomy
      • Global Industrial Hemp Market –Definitions
        • Product
        • Source
        • Application
        • Region
    1. Global Industrial Hemp Market Dynamics
      • Drivers
      • Restraints
      • Opportunities/Unmet Needs of the Market
      • Trends
      • Global Industrial Hemp Market Dynamic Factors – Impact Analysis
      • Global Industrial Hemp Market – Competition Landscape
    2. Global Industrial Hemp Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
      • Market Opportunity Analysis
    3. Global Industrial Hemp Market, By Product, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Hemp Seeds
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Seed Oils
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Hemp Fibers
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • CBD Hemp Oil
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
    1. Global Industrial Hemp Market Forecast, By Source, 2014 – 2018 and Forecast, 2019 – 2025
      • Conventional
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Organic
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
    1. Global Industrial Hemp Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025
      • Food
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Beverages
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Personal Care Products
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Textiles
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Pharmaceuticals
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
    1. Global Industrial Hemp Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • North America
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Europe
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Asia-Pacific
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Latin America
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Middle East and Africa
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Global Industrial Hemp Market – Opportunity Analysis Index, By Product, Source, Application, and Region, 2019 – 2025
    2. North America Industrial Hemp Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Hemp Seeds
        • Seed Oils
        • Hemp Fibers
        • CBD Hemp Oil
      • Source Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Conventional
        • Organic
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
        • Personal Care Products
        • Textiles
        • Pharmaceuticals
        • Others
      • Others Others Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Industrial Hemp Market – Opportunity Analysis Index, By Product, Source, Application, and Country, 2019 – 2025
      • North America Industrial Hemp Market Dynamics – Trends
    3. Europe Industrial Hemp Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Hemp Seeds
        • Seed Oils
        • Hemp Fibers
        • CBD Hemp Oil
      • Source Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Conventional
        • Organic
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
        • Personal Care Products
        • Textiles
        • Pharmaceuticals
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Industrial Hemp Market – Opportunity Analysis Index, By Product, Source, Application, and Country, 2019 – 2025
      • Europe Industrial Hemp Market Dynamics – Trends
    4. Asia-Pacific Industrial Hemp Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Hemp Seeds
        • Seed Oils
        • Hemp Fibers
        • CBD Hemp Oil
      • Source Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Conventional
        • Organic
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
        • Personal Care Products
        • Textiles
        • Pharmaceuticals
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Industrial Hemp Market – Opportunity Analysis Index, By Product, Source, Application, and Country, 2019 – 2025
      • Asia-Pacific Industrial Hemp Market Dynamics – Trends
    5. Latin America Industrial Hemp Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Hemp Seeds
        • Seed Oils
        • Hemp Fibers
        • CBD Hemp Oil
      • Source Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Conventional
        • Organic
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
        • Personal Care Products
        • Textiles
        • Pharmaceuticals
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • Latin America Industrial Hemp Market – Opportunity Analysis Index, By Product, Source, Application, and Country, 2019 – 2025
      • Latin America Industrial Hemp Market Dynamics – Trends
    6. Middle East and Africa Industrial Hemp Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Hemp Seeds
        • Seed Oils
        • Hemp Fibers
        • CBD Hemp Oil
      • Source Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Conventional
        • Organic
      • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
        • Personal Care Products
        • Textiles
        • Pharmaceuticals
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Industrial Hemp Market – Opportunity Analysis Index, By Product, Source, Application, and Country, 2019 – 2025
      • MEA Industrial Hemp Market Dynamics – Trends
    7. Competition Landscape
      • Strategic Dashboard of Top Market Players
      • Company Profiles (Introduction, Financial Analysis, Source & Product Offerings, Key Developments, Strategies, and SWOT Analysis)
        • Hempco (Canada),
        • Ecofibre (Australia)
        • Hemp Inc. (US),
        • GenCanna (US)
        • HempFlax BV (Netherlands),
        • Konoplex Group (Russia)
        • Hemp Oil Canada (Canada)
        • BAFA (Germany)
        • Hemp Poland (Poland)
        • Dun Agro (Netherlands)
    1. Research Methodology
    2. Key Assumptions and Acronyms

Report

Company Profile

  • Hempco
  • Ecofibre
  • Hemp Inc
  • GenCanna
  • HempFlax BV
  • Konoplex Group
  • Hemp Oil Canada
  • BAFA
  • Hemp Poland
  • Dun Agro

Description

Global Industrial Hemp Market was valued at USD 4.7 billion in 2020 and is anticipated to grow at USD 26.7 billion till 2027 recording a CAGR of 35% during the forecast period 2021-2027. The industrial hemp market is expected to grow due to its application utilisation in the personal care, food and beverage, textile, and biocomposite industries. The high essential fatty acid content of hemp oil, which prevents and alleviates diseases, is one element leading to industrial growth in the food and beverage sector. Industrial hemp is a resource that is incredibly renewable. The crop produces a large production of edible proteins and fibres, with over 50,000 product applications once harvested. Because people are becoming more health-conscious, the demand for Industrial Hemp products is growing by the day. Consumers’ increased preference for natural products is a major driver for the worldwide Industrial Hemp market. Papermaking, textiles, biodegradable plastics, fuel, construction, and healthful food are just a few of the applications for industrial hemp. Industrial hemp is a crop grown for use in a variety of products such as fabrics and textiles, meals and beverages, cosmetics and personal care products, nutritional supplements, paper, yarns and spun fibres, construction materials, and other items. Industrial hemp is not the same as marijuana, yet they are both cultivars of the Cannabis sativa L. species. On a dry-weight basis, marijuana contains 3 to 15% THC (tetrahydrocannabinol), whereas industrial hemp contains less than 1%. In most developed countries that allow hemp growth, cultivars with less than 0.3 percent tetrahydrocannabinol must be used (THC). Some of the key factors fostering the market growth include increasing number of chronic diseases, rising use of hemp seeds and hemp oil seeds in different food applications together with growing demand for bakery products such as bread and cookies, superior mechanical properties of industrial hemp manufactured through environment friendly process and surging population and an increase in the level of disposable income. However, complex regulatory structure for the usage of industrial hemp and lack of processing facilities are inhibiting the market growth.

 

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