Global hemp seed market is expected to rise from 319.00 million in 2018 to an estimated value of USD 322.00 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.

Hemp is often termed as marijuana. Hemp is grown in northern hemisphere which requires about 3-4 months for maturation. The seeds produced from hemp are used for the consumption purpose with wider application in food products such as hemp cheese, hemp milk and hemp oil. Continuous countercurrent reactor technology is used in manufacturing of hemp based product. Hemp field botanicals launched hemp-based CBD oral oils and face oils having high degree of purity, safety and quality.

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Competitive Analysis:
Global hemp seed market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hemp seed market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:
Few of the major competitors currently working in global hemp seed market are Hempco Inc, Ecofibre, HempFlax Group B.V., GenCanna Global USA, Inc., Konoplex, Hemp Oil Canada, Proteus Solutions GbR, Colorado Hemp Works LLC, Canah, Plains Industrial Hemp Processing Ltd, South Hemp Tecno, MH medical hemp, Naturally Splendid Enterprises Ltd., Manitoba Harvest Hemp Foods, Green Source MKT, Hush Brands Inc., NAVITAS ORGANICS, GFR Ingredients Ltd among others.

Segmentation: Global Hemp Seed Market
• By Source (Conventional and Organic)
• By Forms (Shelled Hemp Seed, Hemp Seed Protein, Hemp Seed Oil, Whole Hemp Seed, Hulled Hemp Seed, Hemp Protein Powder, Others)
• By Application (Food & Beverages, Nutritional Supplements, Cosmetics, Pharmaceuticals, Textiles, Personal Care Products, Others)
• By Distribution Channel (Specialty Stores, Pharmacies, E-Commerce, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers
• Increasing demand for hemp seeds over traditional herbal seeds is driving the growth of the market
• Diverse vital properties as well as its use as analgesic in medicines may propel the market growth
• Growing demand of personal care products, cosmetics, protein supplements and various other health products will boost the market in the forecast period
• Increasing legalization in the cultivation of industrial hemp is a driver for the market growth

Market Restraints
• High production cost will hamper the market growth
• Stringent regulation and policies is restraining the market in the forecast period

Reasons to Purchase this Report
• Current and future of global hemp seed market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:
• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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