Press Release

Industrial Hemp Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2027

The global Industrial Hemp Market is set to experience a period of robust growth owing to steadily increasing world population. Fortune Business Insights shares this information in its new report, titled “Industrial Hemp Market Size, Share and Industry Analysis, By Source (Organic, Conventional), By Type (Hemp Seed, Hemp Seed Oil, Hemp Fibre) By Application (Food (Dietary Supplements, Functional Foods) Beverages, Personal Care and Cosmetics, Textiles, Pharmaceuticals)and Regional Forecast, 2019-2026” Additionally, the report provides:

  • Meticulous research into the market drivers, trends, factors, and restraints;
  • Detailed assessment of the market segments;
  • 360-degree analysis of overall industry outlook;
  • Projections of future prospects of the market; and
  • In-depth evaluation of the regional and competitive dynamics characterizing the market.

Market Drivers and Trends:

Growing world population According to the UN Department of Economic and Social Affairs (DESA), global population is expected to reach 8.6 billion by 2030 and 9.8 billion by 2050. As a result, demand for food is likely to spike in the next decade, boding well for the Housefly Control Market growth.

Increasing need to narrow food security gaps Numbers released by the World Bank reveal that around 151 million children below the age of 5 are suffering from chronic malnutrition. Moreover, close to 2 billion people worldwide are deficient in essential micronutrients to be productive and ward off diseases. This would necessitate elevating agricultural productivity, which will be one the key Industrial Hemp Market trends.

Development of revolutionary technologies The agriculture sector is undergoing rapid transformations on account of introduction of next-generation technologies. For example, governments and academic institutions are increasingly investing in developing genome editing tools such as CRISPR to build higher pest resistance in crops and increase their capacity to create food. Other advanced technologies such as blockchain, AI, and IoT are also enhancing the Industrial Hemp Market potential in the forthcoming years.

Major Segments includes:

By Source

  • Organic
  • Conventional

By Type

  • Hemp Seed
  • Hemp Seed Oil
  • Hemp Fibre

By Application

  • Food
    • Dietary Supplements
    • Functional Foods
  • Beverages
  • Personal Care and Cosmetics
  • Textiles
  • Pharmaceuticals

By Geography

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Competitive Landscape:

Major players are adopting different strategies, such as mergers and acquisitions, new product launches, and strategic collaborations, to gain a competitive edge in the market.

Some of the key players covered in the Industrial Hemp Market report include

  • Hempco Food and Fibre Inc.,
  • Ecofibre Ltd.,
  • Hemp Inc.,
  • Bafa Neu GmbH,
  • Gencanna Global USA, Inc.,
  • Hemp Oil Canada Inc.,
  • Konoplex Group,
  • Dun Agro Hemp Group,
  • Colorado Hemp Works, LLC.,
  • Canah International, and MH Medical Hemp GmbH.

Regional Dynamics:

This market has been segmented into different regions such as North America, Europe, and Asia-Pacific. Among these, is anticipated to dominate the Industrial Hemp Market share during the forecast period

Major Table of Content for Industrial Hemp Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Industrial Hemp Market Analysis, Insights and Forecast, 2014-2026
  6. North America Industrial Hemp Market Analysis, Insights and Forecast, 2014-2026
  7. Europe Industrial Hemp Market Analysis, Insights and Forecast, 2014-2026
  8. Asia Pacific Industrial Hemp Market Analysis, Insights and Forecast, 2014-2026
  9. Middle East and Africa Industrial Hemp Market Analysis, Insights and Forecast, 2014-2026
  10. Latin America Industrial Hemp Market Analysis, Insights and Forecast, 2014-2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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About the author

Thomas Fultz

Thomas handles the column depicting food products. He has worked as a product manager before and knows his words very well. His writing flows like water with the ease of reading; his way of writing is effortless and straightforward. In his free times, he loves to talk a walk in the lawn to refresh his mind. He has recently completed 5 years in our organization.