Industrial Hemp Market Report Overview:

The primary goal of MMR's Industrial Hemp market report is to assist clients in making informed business decisions. This involves identifying areas that require improvement, recognizing well-performing segments, and guiding new entrants in navigating and establishing their presence within the competitive landscape. The report also sheds light on the existing challenges within the Industrial Hemp market.

Anticipated Growth in Revenue:

ndustrial Hemp Market was valued at USD 11.16 Billion in 2023 and it is expected to reach USD 88.42 Billion by 2030, exhibiting a CAGR of 34.4% during the forecast period (2024-2030).

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Industrial Hemp Market Scope and Research Methodology

The report offers a comprehensive analysis of global Industrial Hemp market trends, forecasts, and financial aspects. It presents an in-depth examination of segments and sub-segments within both global and regional Industrial Hemp markets. Utilizing a bottom-up approach, the report delves into estimations of market size. The Industrial Hemp Market report encompasses essential information about key market participants and emerging players, including their services, revenue, financial standing, portfolios, growth strategies, and regional presence. Future market size and growth rate predictions, alongside current and prospective trends in the Industrial Hemp market, are also provided.

The report delves into demand projections, market trends, and micro and macro factors in detail. It identifies drivers and constraints impacting the growth of the Industrial Hemp market. Employing both qualitative and quantitative methods, the research employs tools such as SWOT, PESTLE, and Porter's Five Forces for the analysis of the Industrial Hemp market. The analysis identifies key upcoming developments projected to shape demand within the Industrial Hemp market over the forecast period.

Industrial Hemp Market Regional Revelations:

Geographically, Industrial Hemp market report is segmented into several key regions are as follows,

• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• North America (the United States, Mexico, and Canada.)
• South America (Brazil etc.)
• The Middle East and Africa (GCC Countries and Egypt.)

Industrial Hemp Market Segmentation:

by Type

Hemp Seed
Hemp Seed Oil
CBD Hemp Oil
Hemp Fiber

Hemp fiber, hemp seed, hemp seed oil, and CBD hemp oil are the different market segments. Over the course of the forecast period, the hemp fiber segment is anticipated to dominate the market. The fibers found in hemp are classified as either bast (outer long fibers) or hurds (inner short fibers). The other two types into which the bast fibres are further classified are primary bast fibres, which can be up to 50 mm long and contain 50–70% cellulose, and secondary bast fibres, which are only approximately 2 mm long. Because bast fibers can be spun and woven, the textile industry is the primary application for them. Hurds are the short fibers that account for 70–80% of the hemp stalk. They have a length of approximately 0.5 mm.

by Application

Food, Beverages
Personal Care Products
Textiles
Pharmaceuticals
Others

The market is divided into categories based on application, including food, drinks, textiles, personal hygiene items, medicines, and others. Forecasts indicate that the food segment will dominate the industrial hemp market. This is because hemp is used to make foods that are rich in minerals including calcium, zinc, iron, salt, potassium, magnesium, and linoleic and linolenic acid as well as vitamin E. The most popular ways to consume hemp are as raw or roasted hemp seed. It's in cereals, yogurt, salads, and smoothies. As plant-based protein consumption rises due to the global growth in veganism, there is expected to be an increase in demand for processed hemp food items such bars, flour, snacks, and cheese.

by Source

Organic
Conventional

The market is divided into organic and conventional segments based on the source. Conventional hemp products dominated the industrial market because they were less expensive than organic hemp products. Furthermore, even though it isn't certified, hemp grown for commercial purposes has a high vitamin content and other essential fatty acids.

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Industrial Hemp Market Key Players:

1. Valley Bio Ltd.
2. Hemp, Inc.
3. Terra Tech Corp.
4. American Hemp
5. Ecofiber Industries Operations
6. Botanical Genetics, LLC
7. Marijuana Company of America, Inc.
8. HempMedsBrasil
9. CBD Biotechnology Co.
10.Plains Industrial Hemp Processing Ltd.
11.HempFlax B.V.
12.Industrial Hemp Manufacturing, LLC
13.Boring Hemp Company
14.American Cannabis Company, Inc.
15.Parkland Industrial Hemp Growers Cooperative Ltd.

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Key questions answered in the Industrial Hemp Market are:

• What was the Industrial Hemp market size in 2024?
• What is the growth rate of the Industrial Hemp Market?
• Which are the factors expected to drive the Industrial Hemp market growth?
• What are the different segments of the Industrial Hemp Market?
• What are the factors restraining the growth of the Industrial Hemp Market?
• What segments are covered in the Industrial Hemp Market?
• Who are the key players in the Global Industrial Hemp market?
• What are the upcoming industry applications and trends for the Industrial Hemp Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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