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Industrial Hemp Market Share
- Report ID: GMI3306
- Published Date: Jan 2022
- Report Format: PDF
Industrial Hemp Market Share
Key players operating in the industrial hemp industry are:
- HempFlax B.V
- North American Hemp & Grain Co Ltd
- Terra Tech Corp
- Fresh Hemp Foods Ltd
- Hempco Food and Fiber Inc
- American Hemp LLC
- Plains Industrial Hemp Processing Ltd
- Boring Hemp Company
- Bombay Hemp Company
- Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
- HempMeds Brasil
- Hudson valley Hemp LLC
- Marijuana Company of America Inc
- Global Hemp Group Inc
- Valley Bio Limited
Some of the other players operating in the market includes
Frequently Asked Questions (FAQ) :
The industrial hemp industry share had reached close to USD 205 million in 2020 and will record a CAGR of over 6% through 2027 owing to the rising legalization of hemp cultivation and higher demand for biodegradable and renewable natural materials across various consumer products.
Industrial hemp is largely used in dietary supplements and food & beverages to offer various environmental and nutritional benefits.
The hemp seed market share from food and beverages is likely to cross USD 74 million through 2027, driven by higher prevalence of chronic disorders like diabetes, blood pressure, and obesity along with the increasing consumer consciousness about healthy lifestyles.
The industrial hemp market size in North America is projected to exceed USD 87.5 million by 2027 and will strike a CAGR of 7.5% up to 2027 due to growing penetration in the treatment of Alzheimer's disease, anti-inflammatory effects, epilepsy, and mental disorders.
Industrial Hemp Market Scope
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