Industrial Hemp Market to grow at 23.1% CAGR & Expected to reach 4260 Mn US$ by 2025(Manitoba Harvest, CW Hemp, Aphria etc.)
This report focuses on the global Industrial Hemp Market status, future forecast, growth opportunity, key market and key players. This information is extremely useful information for new and growing company to mark themselves over the market.
Dublin, United States – March 28, 2019 /MarketersMedia/ —
Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety 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.
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The commercial cultivation of hemp products is regulated in a few of countries, while it is restricted in many countries worldwide. Hemp raw fibers, seeds, and finished products are imported by these countries, and therefore, the market is mostly dependent on the import policies of a few specific countries where the commercial cultivation of hemp is allowed. In 2017, industrial hemp is cultivated in around 36 countries as per the rules and regulations of the agriculture ministry or department of the respective countries.
North America will be growing at the highest CAGR during the forecast period, as there are major consumers of fiber and seed-based products in this region. These products are mostly required in textile, food & beverages, and personal care products. The demand for hemp products such as hemp oil is expected to increase due to the increasing geriatric population and the rising awareness about skin diseases and ultra violet protection in personal care industry.
The global average price of Hemp is in the increasing trend, from 16.13 USD/Unit in 2013 to 19.75 USD/Unit in 2017. With the situation of global economy, prices will be in increasing trend in the following five years.
The classification of Hemp includes Hemp Seeds, Hemp Oil, Hemp Protein, Soft Gel Caps and Other, and the proportion of hemp seeds and hemp oil is in the similar level in 2017, the exact number is 34.21%, 34.98%, respectively.
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Hemp is widely used in Supermarkets, Convenience Stores and Others. The most proportion of Hemp is supermarkets, and the proportion in 2017 is about 48%.
The global Industrial Hemp market is valued at 990 million US$ in 2018 and will reach 4260 million US$ by the end of 2025, growing at a CAGR of 23.1% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Hemp market based on company, product type, end user and key regions.
The report focuses on the global Industrial Hemp market status, future opportunities, growth analysis, key drivers and top players. The study objectives are to present the Industrial Hemp development in United States, Europe and China.
The key players from Industrial Hemp market covered in this study are Manitoba Harvest, CW Hemp/CW Botanicals, Aphria, Canopy Growth Corporation, Nutiva, Agropro, CV Sciences, Isodiol, ENDOCA, Jinzhou Qiaopai Biotech, North American Hemp & Grain Co, Yunnan Industrial Hemp, GFR Ingredients Inc, Hempco, Yishutang, Naturally Splendid, BAFA neu GmbH, Aos Products, Suyash Herbs.
Industrial Hemp Market analysis done by Product types like Hemp Seeds, Hemp Oil, Hemp Protein, Soft Gel Caps and by Application like Supermarkets, Convenience Stores, Others. It also provides analysis by Region such as United States, Europe, China, Japan, Southeast Asia, India, Central & South America.
The study objectives of this report are:
To analyze global Industrial Hemp status, future forecast, growth opportunity, key market and key players.
To present the Industrial Hemp development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
Major Points from Table of Contents
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Product
5 Breakdown Data by End User
6 North America
7 Europe
8 Asia Pacific
9 Central & South America
10 Middle East and Africa
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
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