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About Industrial Hemp Market

Industrial hemp is the term used for cannabis sativa plant stalk, oil, seeds, and leaves. These resources are used as an ingredient in many industrial products such as paper products, construction materials, textiles, personal care items, health supplements, and other materials.

The significant factors contributing to the growth of the global industrial hemp market include the increasing incidences of chronic diseases, the accelerating usage of hemp seed & hemp seed oil in various food applications, and growing authorization in the farming of industrial hemp. Moreover, the strong demand for hemp oil & fibers in numerous end-use industries, such as automotive, personal care, textile, food & beverage, and construction industries, along with the growing investment for the production of hemp-based products and the increasing adoption of coatings, oil paints, printing inks, fuels, varnishes, and solvents are some other factors responsible for the market growth. In addition to this, the introduction of new industrial hemp products by the manufacturers is projected to bring numerous growth opportunities for the market. According to the industrial hemp market report, the lack of seeds availability for farming of hemp and strict compliances for the usage of industrial hemp are certain factors that will hamper the market growth.

Competitive Landscape

The notable players in the Industrial Hemp market include GenCanna Global USA, Inc., HempFlax Group B.V., Hempco Inc., Ecofibre Limited, Hemp Inc., Konoplex Group, Hemp Oil Canada, HemPoland, Dun Agro Hemp Group, and Colorado Hemp Works, LLC, among others.

Market Segmentation

Industrial Hemp Market by Type:

Hemp Seed
Hemp Seed Oil
CBD Hemp Oil
Hemp Fiber
Industrial Hemp Market by Source:

Organic
Conventional
Industrial Hemp Market by Application:

Food
o Snacks & Cereals

o Soup, Sauces, & Seasonings

o Bakery Products

o Dairy & Frozen Desserts

o Others

Beverages
o Hot Beverages

o Sports & Energy Drinks

o Ready-To-Drink Beverages

o Others

Textiles
Personal Care Products
Pharmaceuticals
Others
Industrial Hemp Market by Region:

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About Noah Research

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