DUBLIN--(BUSINESS WIRE)--The "Industrial Hemp - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial Hemp Market accounted for $3.43 billion in 2018 and is expected to reach $41.78 billion by 2027 growing at a CAGR of 32.0% during the forecast period. 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 market growth. However, stringent rules and regulations of government may hinder market growth.
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.
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.
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, Plains Industrial Hemp Processing, MH Medical Hemp, Colorado Hemp Works, Hempco, Canah International, Gencanna, and Ecofibre.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- 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
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Hemp Market, By Source
5.1 Introduction
5.2 Organic
5.3 Conventional
6 Global Industrial Hemp Market, By Type
6.1 Introduction
6.2 Hemp Fiber
6.3 Cannabidiol (CBD) Hemp Oil
6.4 Shives
6.5 Stalks
6.6 Hemp Seed
6.6.1 Seed Cake
6.6.2 Hemp Oil
6.6.3 Shell
6.6.4 Meat
7 Global Industrial Hemp Market, By Application
7.1 Introduction
7.2 Animal Care
7.3 Automotive
7.4 Food
7.4.1 Bakery Products
7.4.2 Snacks & Cereals
7.4.3 Dairy & Frozen Desserts
7.4.4 Soups, Sauces, & Seasonings
7.5 Beverages
7.5.1 Sports & Energy Drinks
7.5.2 Hot Beverages
7.5.3 Ready-to-Drink Beverages
7.5.4 Meal Replacement Drinks
7.5.5 Beverage Concentrates
7.5.6 Beverage Mixes
7.6 Pharmaceuticals
7.7 Textiles
7.8 Personal Care Products
7.9 Bio-composites
7.10 Furniture
7.11 Pulp & Paper
7.12 Oil Extraction
8 Global Industrial Hemp Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 South America
8.6 Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Hemp Inc
10.2 Hemp Oil Canada
10.3 Dun Agro
10.4 Hemp Poland
10.5 South Hemp Tecno
10.6 Konoplex Group
10.7 BAFA
10.8 Hempflax BV
10.9 Plains Industrial Hemp Processing
10.10 MH Medical Hemp
10.11 Colorado Hemp Works
10.12 Hempco
10.13 Canah International
10.14 Gencanna
10.15 Ecofibre
For more information about this report visit https://www.researchandmarkets.com/r/ml1prp
