MarketersMEDIA / Newsroom / Global Industrial Hemp Market is expected to reach $41.78 billion by 2027 growing at a CAGR 32.0% during 2018 to 2027.

Global Industrial Hemp Market is expected to reach $41.78 billion by 2027 growing at a CAGR 32.0% during 2018 to 2027.

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Some of the key players profiled in the Industrial Hemp Market include Hemp Inc, Hemp Oil Canada, Dun Agro, Hemp Poland, South Hemp Tecno, Konoplex Group, BAFA, Hempflax BV, MH Medical Hemp, Colorado Hemp Works, Hempco, Canah International, Gencanna, and Ecofibre.

— Rising prevalence of chronic diseases, increasing use of industrial hemp in various applications, and legalization in the crop growing of industrial hemp are the factors driving the market growth. However, stringent rules and regulations of government may hinder the market growth.

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Industrial hemp is a breed of the Cannabis sativa plant species that is grown specially for the industrial applications of its derived products. It is an annual broad-leaved plant consisting of a taproot which is able to grow rapidly under perfect growing conditions. It was one of the earliest plants to be spun into usable fiber 10,000 years ago.

By application, the food segment is likely to have a huge demand during the forecast period. Hemp is popular as a breakfast cereal due to its nutrient-rich profile of essential fatty acids, which are essential for the proper performance of the body. Furthermore, the increasing need for hemp snacks as post-exercise food, due to their high protein content, is expected to boost their sales in the coming years.

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Based on geography, Europe is going to have a lucrative growth due to the presence of a large buyer base for hemp products. Increasing consumption of hemp seeds in food products is expected to augment the growth of the market further. The demand for hemp in the form of these products is significantly high in some European countries, thus, driving the regional market growth. Further, the usage of hemp fiber is growing in different applications, such as automotive and construction materials.

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Sources Covered:
• Organic
• Conventional

Types Covered:
• Hemp Fiber
• Cannabidiol (CBD) Hemp Oil
• Shives
• Stalks
• Hemp Seed

Applications Covered:
• Animal Care
• Automotive
• Food
• Beverages
• Pharmaceuticals
• Textiles
• Personal Care Products
• Bio-composites
• Furniture
• Pulp & Paper
• Oil Extraction

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Contact Info:
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Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
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Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-industrial-hemp-market-is-expected-to-reach-4178-billion-by-2027-growing-at-a-cagr-320-during-2018-to-2027/88948591

Source: MarketersMedia

Release ID: 88948591

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