Industrial Hemp Market by Type (Hemp Seed, Hemp Oil, Hemp Fiber and Others), Application (Food and Beverages, Textiles, Personal Care Products, Pharmaceuticals and Others) and By Source (Conventional and Organic): Global Opportunity Analysis and Industry Forecast, 2021-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Industrial Hemp market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Industrial Hemp market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global industrial hemp market size was valued at $4.9 billion in 2019, and is projected to reach $18.6 billion by 2027, registering a CAGR of 22.4% from 2021 to 2027. Hemp oil consists a high anti-inflammatory properties due to it gamma linoleic acid (GLA) as well as omega-9. Moreover, the abundance of fatty acids makes the hemp oil a great choice for nourishing the skin and also helps in protecting the skin from oxidation, inflammation and other causes of ageing. In addition, hemp seeds contain one of the most balanced and richest natural sources of essential oils for human consumption. The compositions of essential fatty acids such as Omega-3 and omega-6 fatty acids, vitamin A, E, B-12, magnesium, iron, potassium and folic acid provides more elasticity to the skin and makes hairs more strong and shiny. Thus, owing to the presence of fatty acid and anti-inflammatory properties in hemp seed and hemp oil makes it suitable ingredient for the beauty and personal care products and hence fueling the growth of industrial hemp market.
Companies providing hemp and hemp-derived products require compliance with different regulatory guidelines worldwide. While countries across the globe practice and regulate various levels of legalization for different types of hemp. The strict regulatory rules and norms relating to the production and sales of industrial hemp across various states in the same country could be different for producers and stakeholders to comply with. Furthermore, the norms associated with hemp containing tetrahydrocannabinol (THC) and cannabidiol (CBD) also remain great varied from state to state and country to country, which further leads to compliance related with the trading of the commodity. For example, in the U.S. diversified legal policies should be taken into consideration these policies consists of licensure of growers, certification of seed, regulation, state-wide commissions, and legal protection of growers. Thus, strict rules and regulation of government across the globe regarding the production of industrial hemp and its diversified uses challenges the growth of the market.
COVID-19 was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. With the sudden outbreak of COVID-19 pandemic, majority of the countries had imposed lockdowns, and curfews which has hugely impacted lifestyles, health & wellbeing, and also affected the manufacturing industries, thereby affecting the growth of industrial hemp market industry to some extent
The industrial hemp market has been segmented based on type, application, source and region. Based on type, the industrial hemp market is segmented into hemp seed, hemp oil, hemp fiber and others. Based on application the global market is studied across food and beverages, textiles, personal care products, pharmaceuticals and others. On the basis of source, the market is categorized into conventional and organic. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report includes Hempco Food and Fiber Inc., Ecofibre, Hemp Inc., GenCanna, HempFlax Group B.V., The Konoplex Group, South Hemp, Plains Industrial Hemp Processing Ltd., MH medical hemp and Hempro International GmbH & Co. KG
KEY BENEFITS FOR STAKEHOLDERS
– This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial hemp market analysis from 2019 to 2027 to identify the prevailing industrial hemp market opportunities.
– The market research is offered along with information related to key drivers, restraints, and opportunities.
– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the industrial hemp market segmentation assists to determine the prevailing market opportunities.
– Major countries in each region are mapped according to their revenue contribution to the global market industry.
– Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
– The report includes the analysis of the regional as well as global industrial hemp market trends, key players, market segments, application areas, and market growth strategies.
KEY MARKET SEGMENTS
– By Type
o Hemp Seed
o Hemp Oil
o Hemp Fiber
o Others
– By Application
o Food and Beverages
o Textiles
o Personal Care Products
o Pharmaceuticals
o Others
– By Source
o Conventional
o Organic
– By Region
o North America
U.S.
Canada
Mexico
o Europe
UK
Germany
France
Russia
Italy
Spain
Rest of Europe
o Asia-Pacific
China
Japan
India
Australia & New Zealand
Korea
ASEAN
Rest of Asia-pacific
o LAMEA
Brazil
South Africa
Turkey
Saudi Arabia
Rest of LAMEA
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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