New York, NY, April 08, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Industrial Hemp Market By Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil), By Source (Organic, Conventional) By Application (Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others): Global Industrial Hemp Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
“According to the research report, the global Industrial Hemp Market was estimated at USD 5 Billion in 2019 and is expected to reach USD 36 Billion by 2026. The global Industrial Hemp Market is expected to grow at a compound annual growth rate (CAGR) of 34% from 2019 to 2026”.
Industrial Hemp is an agricultural plant that uses all the byproducts of the plant such as seeds and twigs in the production of hemp seed, hemp fiber, and other eco-friendly products. These products are in great demand among the consumer owing to the rising awareness of their benefits. Some countries where the cultivation of hemp was prohibited have made necessary regulatory norms in the cultivation of hemp and manufacturing industrial hemp products for the consumers. The North America region is projected to have the largest share in the market owing to the surging demand for industrial hemp products in various industries such as textile, food, cosmetics, and personal care.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 190+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Industrial Hemp Market?
2) What is the market size, share of the Industrial Hemp Market?
3) Who are the top market players in Industrial Hemp Market?
4) What will be the future market of the Industrial Hemp Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Industry Major Market Players
- Hemp Inc.
- HempFlax BV
- Konoplex Group
- Hemp Oil Canada
- Hemp Poland
- Dun Agro
- Colorado Hemp Works
- Canah International
- South Hemp Tecno
- Plains Industrial Hemp Pr
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Industrial hemp products are considered to have a rich source of Vitamins, Minerals, Calcium, and many other nutrients. They are considered to be a perfect protein source for a vegan diet and serves in several food & beverage products. They also have low saturated fats with rich sources of omega acids essential for good skin and hair and are used in several personal care products. The surging demand for hemp oil which helps in the prevention and alleviation of ailments is also predicted to drive the market. Rising health consciousness among the consumers along with the increasing trend of healthy food consumption, improving personal health is also likely to boost the market growth. Hemp fibers being a renewable resource is been used in the production of daily use products such as paper, textiles, fuel, and bio-degradable plastics and the growing demand for eco-friendly products has significantly contributed to the growth of the market. However strict regulatory laws for the usage of industrial hemp in several countries prove to hinder the market growth. Hemp is been legally banned in some countries and hence the manufacturers of industrial hemp find it very difficult in getting sanctions from the government and also find it difficult to price the products which would be affordable for maximum consumers owing to the limited market scope. Nevertheless, the ongoing research activities on hemp have helped in uplifting the ban on hemp use and its cultivation in several developing countries and thus poses several lucrative opportunities for the industrial hemp market for its growth. The rising oil prices along with the rising concerns of global warming have given several opportunities for the usage of biofuel as a clean alternative for fossil fuels.
The Hemp Fiber type is predicted to dominate the market owing to its lost lasting and robust properties as compared with cotton fiber. The food type, in the Industrial Hemp market, is projected to dominate the market owing to the rising use of hemp seeds and hemp seed oil in several food products such as smoothies and yogurt. Surging knowledge among customers regarding the advantages of industrial hemp-based foods is driving the food market.
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The Industrial Hemp market research report delivers an acute valuation and taxonomy of the Industrial Hemp industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Industrial Hemp industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Industrial Hemp industry is provided for the leading economies of the world.
The Industrial Hemp market is segmented based on Type, Source, and Application. Based on type segmentation, the market is classified into Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil. In terms of Source, the market is bifurcated into Organic and Conventional. In terms of application, the market is bifurcated into Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others.
Browse the full “Industrial Hemp Market By Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil), By Source (Organic, Conventional) By Application (Food, Beverages, Personal Care Products, Textiles, Pharmaceuticals, Others): Global Industrial Hemp Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” report at https://www.fnfresearch.com/industrial-hemp-market-by-type-hemp-seed-hemp-1289
The taxonomy of the Industrial Hemp industry by its scope and segmentation is as follows:
Global Industrial Hemp Market: By Type Segmentation Analysis
- Hemp Seed
- Hemp Seed Oil
- Hemp Fiber
- CBD Hemp Oil
Global Industrial Hemp Market: By Source Segmentation Analysis
Global Industrial Hemp Market: By Application Segmentation Analysis
- Personal Care Products
Key Insights from Primary Research
- As per the analysis shared by our primary respondents, the Industrial Hemp market is expected to grow annually at a CAGR of around 34%.
- Through the primary research, it was established that the Industrial Hemp market was valued at around USD 5 Million in 2019.
- Based on type segmentation, the Hemp fiber type was predicted to show maximum market share in the year 2019.
- Based on application segmentation, the Food type was the leading revenue-generating category in 2019.
- On the basis of region, the “North America” region was the leading revenue generator in 2019.
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