The global hemp market will grow by US$ 51 Billion by 2027 at a CAGR of 34.1% in the given forecast period.
Hemp, or industrial hemp, is a strain of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago. It can be refined into a variety of commercial items, including paper, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed.
Rising awareness regarding the dietary advantages of its oil, coupled with the growing demand from the cosmetics and personal care industries is expected to drive the market growth. the growing number of chronic diseases such as diabetes; increasing usage of hempseed oil & hemp seed in various food applications; rising usage of non-psychotropic cannabinoid cannabidiol (CBD)–CBD hemp oil in food & pharmaceutical segment; and increasing legalization in the cultivation of industrial hemp
The global Hemp market is segregated on the basis of Application as Animal Care, Textiles, Food & Beverages, and Personal Care. Based on Type the global Hemp market is segmented in Seeds, Fiber, and Shives.
The global Hemp market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Hemp market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Hemp Oil Canada, BAFA, Hemp Poland, Dun Agro, Hempco, Ecofibre, Hemp Inc., GenCanna, HempFlax BV, Konoplex Group, and others are among the major players in the global Hemp market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Hemp Market has been segmented as below:
Hemp Market, By Application
Hemp Market, By Type
Hemp Market, By Region
Hemp Market, By Company
The report covers:
Report Scope:
The global Hemp market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Hemp market share. Major industry players with significant revenue share include Hemp Oil Canada, BAFA, Hemp Poland, Dun Agro, Hempco, Ecofibre, Hemp Inc., GenCanna, HempFlax BV, Konoplex Group, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Hemp Market, By Application
5.1 Introduction
5.2 Animal Care
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Textiles
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Food & Beverages
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Personal Care
5.5.1 Market Overview
5.5.2 Market Size and Forecast
6. Hemp Market, By Type
6.1 Introduction
6.2 Seeds
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Fiber
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Shives
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Hemp Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Hemp, By Application
7.2.2 North America Hemp, By Type
7.3 Europe
7.3.1 Europe Hemp, By Application
7.3.2 Europe Hemp, By Type
7.4 Asia-Pacific
7.4.1 Asia-Pacific Hemp, By Application
7.4.2 Asia-Pacific Hemp, By Type
7.5 Rest of the World
7.5.1 Rest of the World Hemp, By Application
7.5.2 Rest of the World Hemp, By Type
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Hemp Oil Canada
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 BAFA
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 Hemp Poland
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Dun Agro
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Hempco
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Ecofibre
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Hemp Inc.
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 GenCanna
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 HempFlax BV
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Konoplex Group
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
The Hemp Market has been segmented as below:
Hemp Market, By Application
Hemp Market, By Type
Hemp Market, By Region
Hemp Market, By Company
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