Global Industrial Hemp Market, By Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, CBD Hemp Oil), By Sour

Published Date: | Report Code : FA1958482

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Industrial Hemp can be defined as a broad-leaved plant including taproot that is capable of rapid growth under perfect growing conditions. It also includes the by-products of hemp plants and plant parts. It an annual plant and almost every part of the plant, such as seed, stalk, and flower, is useful in a large number of applications such as paper products, textile industries, etc. The legalization in the cultivation of industrial hemp has also positively impacted the market.

Segment Analysis

The industrial hemp market is segmented into type, source, and application.

On the basis of type, it is segmented into hemp seed, hemp seed oil, hemp fiber, and CBD hemp oil. The CBD hemp oil is most widely used due to its numerous health benefits such as reducing pain. It is also used for the treatment and prevention of conditions like anxiety, depression, pain, and acne.

By source, it is segregated into organic and conventional.  There has been a significant rise in the organic segment due to the rising awareness among the consumers about the health benefits of organic hemp seed 

By application, it is divided into food & beverages, personal care, textiles, and pharmaceuticals. The industrial hemp is most widely used in the food & beverage sector as these are rich in essential fatty acids (linoleic and linolenic); vitamin E; as well as minerals such as phosphorus, potassium, sodium, magnesium, calcium, zinc, iron, and protein. And hence mostly consumed in the form of hemp seed, raw or roasted and at times it is also added to salads, smoothies, yogurt, and cereals.

Key Factors Impacting Market Growth:
    • Increasing legalization in the cultivation of industrial hemp
    • Its various  functional properties such as being high in antioxidants, omega-3 and -6 fatty acids
    • Their increased use in different food applications

Key Developments:
     •  GenCanna and Atalo Holdings entered into a partnership in order to build vertically integrated hemp processing and 
        distribution facility in Kentucky in May 2019
     • In May 2019, GenCanna and Thar Process entered into a partnership and  introduced the new CO2 hemp extraction technology

Regional Analysis:

This report segments industrial hemp market by region into North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for industrial hemp market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in Food & Agricultural sector. The use of latest technologies in the agricultural activities and established processed food market is estimated to drive demand for industrial hemp market in these regions. 

In addition to this, some of the major companies operating in this market are headquartered in these regions. Asia Pacific is estimated to be one of the fastest growing markets for industrial hemp during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of industrial hemp market. Middle East and rest of the World are estimated to be emerging regions for industrial hemp market during the forecast period.

Companies Covered: Ecofibre, Hemp Inc., Plains Industrial Hemp Processing Ltd., Marijuana Company Of America, Inc., Global Hemp Group Inc., American Hemp LLC, Valley BioLimited, Boring Hemp Company, HempFlax BV,...

Market Segmentation:
By Type:
    • Hemp Seed
    • Hemp Seed Oil
    • Hemp Fiber
    • CBD Hemp Oil

By Source:
    • Organic
    • Conventional

By Application: 
    • Food
    • Beverages
    • Personal Care
    • Textiles
    • Pharmaceuticals

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Source
        ◦ By Application
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Source
        ◦ By Application
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Source
        ◦ By Application
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Source
        ◦ By Application
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Type
        ◦ By Source
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Type
        ◦ By Source
        ◦ By Application

Reasons to Buy This Report:
    • Market size estimation of the  global industrial hemp market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
For more information, contact: [email protected]

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