Worldwide Industrial Hemp Market Projections to 2025 - Increasing Legalization in the Cultivation of Industrial Hemp Spurs Massive Growth

Dublin, July 03, 2019 (GLOBE NEWSWIRE) -- The "Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region - Global Forecast to 2025" report has been added to's offering.

Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp in many countries, and rising application of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverage, personal care, construction & material, furniture, and paper is expected to drive the market for industrial hemp.

The industrial hemp market is projected to grow at a CAGR of 33.7% from 2019 to reach USD 26,578.8 million by 2025, in terms of value. In this report, the industrial hemp market has been studied on the basis of type, application, source, and region.

The growth of this market is attributed to the increased consumption of hemp-based products due to their various health benefits and increased incidences of diseases such as epilepsy and other sleep disorders.

However, the complex regulatory structure for the usage of industrial hemp in different countries is expected to hinder the market growth of industrial hemp.

The key players in this market include Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany).

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial hemp market and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered for the Study
1.5 Currency Considered
1.6 Volume Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Hemp Market
4.2 Industrial Hemp Market: Major Regional Sub-markets
4.3 Asia Pacific: Industrial Hemp Market, By Key Type & Country
4.4 Industrial Hemp Market, By Type & Region
4.5 Industrial Hemp Market, By Application
4.6 Industrial Hemp Market, By Source & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increasing Legalization in the Cultivation of Industrial Hemp Functional Properties of Hemp Seed and Hemp Seed Oil, and Their Increased Use in Different Food Applications Increasing Number of Chronic Diseases
5.2.2 Restraints Complex Regulatory Structure for the Usage of Industrial Hemp
5.2.3 Opportunity New Product Developments from Industrial Hemp
5.2.4 Challenges Lack of Viable Availability of Seeds for the Cultivation of Industrial Hemp Lack of Processing Facilities and Planting & Harvesting Equipment
5.3 Value Chain

6 Regulatory Framework
6.1 Regulations in North America
6.1.1 US
6.1.2 Canada
6.2 Regulation of Industrial Hemp in Europe
6.3 Regulation of Industrial Hemp in the Asia Pacific
6.3.1 Australia
6.3.2 India

7 Industrial Hemp Market, By Type
7.1 Introduction
7.2 Hemp Seed
7.2.1 The High Nutrient Profile of Hemp Seeds is Expected to Drive Their Demand, Especially in the Food Industry
7.3 Hemp Seed Oil
7.3.1 Easy Processing Method and Low Cost of Hemp Oil Together With Its Varied Use in Diverse Industries
7.4 CBD Hemp Oil
7.4.1 Growing Application in Personal Care, Supplements, and Food & Beverages Products
7.5 Hemp Fiber
7.5.1 Increasing Use of Hemp Fiber for the Production of Biofuels, Bioplastics, and Construction Material

8 Industrial Hemp Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Snacks & Cereals Growing Demand for Hemp Snacks Due to High Protein Content
8.2.2 Soups, Sauces, & Seasonings Role of Hemp in Reducing the Risk of Cancer and Preventing Other Diseases
8.2.3 Bakery Products Rising Awareness Among Consumers Driving the Demand for Hemp-Based Bakery Products
8.2.4 Dairy & Frozen Desserts Gluten-, Dairy-, and Cholesterol-Free Hemp in Dairy & Frozen Products to Drive the Demand
8.2.5 Others Rising Demand for Novel Hemp-Based Food Products
8.3 Textiles
8.3.1 Wide Benefits of Hemp to Drive Its Demand in Textiles
8.4 Beverages
8.4.1 Hot Beverages Soothing Effects of Hemp Tea on the Human Body to Drive the Market for Hot Beverages
8.4.2 Sports & Energy Drinks Growing Popularity of Plant-Infused Drinks
8.4.3 Ready-To-Drink Beverages Rising Demand for Different Flavors of Ice Tea
8.4.4 Others Increased R&D on Industrial Hemp for the Extraction of Juice
8.5 Personal Care Products
8.5.1 Effective Moisturizing and Anti-Aging Properties of Hemp are Expected to Drive Its Demand in Personal Care Products
8.6 Pharmaceuticals
8.6.1 Usage of CBD Hemp Oil in the Treatment of Seizures, Sleep Disorders, and Diseases
8.7 Others
8.7.1 Increased Usage of Hemp in the Construction and Automobile Industries

9 Industrial Hemp Market, By Source
9.1 Introduction
9.2 Conventional
9.2.1 Low Prices of Conventional Hemp Seeds to Drive the Market
9.3 Organic
9.3.1 Increasing Demand for Organic Hemp Products in the Food and Pharmaceutical Industries

10 Industrial Hemp Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US Increasing Legalization of Industrial Hemp Cultivation and Production in Several States to Drive the US Market
10.2.2 Canada The Increasing Market Demand for Hemp-Derived Products in Canada
10.2.3 Mexico Legalization of Cultivating Industrial Hemp in the US is Projected to Reflect on the Market Growth Positively
10.3 Europe
10.3.1 Germany Increasing Demand for Hemp-Based Food Products
10.3.2 France Growing R&D for Novel Application of Hemp Fiber
10.3.3 Spain Subsidies for Hemp Cultivation and Diverse Usage of Spanish Hemp in A Wide Range of Applications
10.3.4 Italy Increased Manufacturing of Hemp Seeds for Human Consumption
10.3.5 Netherlands Growing Application of Hemp in Automobile and Animal Bedding
10.3.6 Rest of Europe Rising Cultivation and Utilization of Hemp in Food and Pharmaceutical Products
10.4 Asia Pacific
10.4.1 China China is A Leading Producer of Hemp Fiber and Hemp Seed
10.4.2 Australia & New Zealand Increase in R&D Activities By Food Companies to Introduce Hemp-Based Food Products
10.4.3 Japan Consumers in Japan are More Inclined Toward Health-Related Products That Drive the Growth of Hemp Seed in Japan
10.4.4 India Growth in the Number of Agricultural Training Programs to the Farmers to Spread Knowledge About Hemp
10.4.5 Rest of Asia Pacific Increase in Inclination Toward the Usage of Hemp-Derived CBD Products
10.5 Rest of the World (RoW)
10.5.1 South America The Government Regulations Introduced for Hemp in Countries Such as Chile and Uruguay is A Major Factor Contributing to the Growth of the Industrial Hemp Market
10.5.2 Middle East Cultivation of Industrial Hemp in the Middle East is Still in the Nascent Stage of Development
10.5.3 Africa South African Government is Focusing on Establishing Hemp Crops for Obtaining Various Benefits.

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Dynamic Differentiators
11.2.3 Innovators
11.2.4 Emerging Companies
11.3 Start-Up Microquadrant
11.3.1 Progressive Companies
11.3.2 Starting Blocks
11.3.3 Responsive Companies
11.3.4 Dynamic Companies
11.4 Prominent Market Players
11.5 Competitive Scenario
11.5.1 Expansions
11.5.2 Agreements, Joint Ventures, and Partnerships

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
12.1 Hempco
12.2 Ecofibre
12.3 Hemp Inc.
12.4 Gencanna
12.5 Hempflax B.V.
12.6 Konoplex Group
12.7 Hemp Oil Canada
12.8 BAFA
12.9 Hemp Poland
12.10 Dun Agro
12.11 Colorado Hemp Works
12.12 Canah International
12.13 South Hemp Tecno
12.14 Plains Industrial Hemp Processing
12.15 MH Medical Hemp

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