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Global Hemp Market Insights, Forecast to 2025
Published Date: May 2019
|
Report Code: QYRE-Auto-4177
Home | Category |Food & Drink
Global Hemp Market Insights Forecast to 2025

Global Hemp Market Insights, Forecast to 2025

Code: QYRE-Auto-4177
Report
May 2019
123 Pages
QYResearch
Region: Global, Africa, Europe, North America, Asia Pacific, Middle East,
Description
Table of Content
Tables & Figures

HEMP MARKET OVERIVEW

In 2019, the global Hemp market size was US$ 1533.2 million and it is expected to reach US$ 6666.3 million by the end of 2026, with a CAGR of 23.1% during 2021-2026.

Hemp Market Size, Share, Trends, Growth, Forecast 2026

Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago.

The global average price of Hemp is in the increasing trend, from 16.13 USD/Unit in 2013 to 19.75 USD/Unit in 2017. With the situation of global economy, prices will be in increasing trend in the following five years.

Increasing beneficial use of industrial hemp products in paper, textiles, biodegradable plastics, fuel, construction and health food is expected to provide countless growth possibilities in the years ahead.

The report classifies the hemp market based on, hemp seeds, hemp oil, hemp Protein and soft gel. Due to the increasing demand for hemp grain to acquire seed oil, the seeds segment dominates the industry with the largest share of 50.90 per cent in 2018.

FACTORS DRIVING THE MARKET

  • Increasing amount of chronic illnesses such as diabetes 
  • Increased use of hempseed oil & hemp seed in multiple food applications 
  • Increased legalization in industrial hemp cultivation

REGION WISE MARKET ANALYSIS

  • During the forecast period, the European region is expected to be the fastest-growing region on the industrial hemp market due to increased consumption of hemp plants as food as well as their broad use in other food products such as smoothies, yoghurt, cereals and bars. Also, it is anticipated that the growing legalization of Industrial Hemp in the European region will increase the industrial hemp market in the coming years.
  • Due to the rising geriatric population and growing concerns about skin diseases and UV protection that are supposed to drive the region's personal care industry demand for hemp oil, North America market is on the rise.
  • Asia Pacific is a quickly growing region in the production of biodegradable textiles for consumer and industrial applications due to increased fibre consumption. It is anticipated that the presence of significant provider nations including China, India, Australia and South Korea will have a beneficial effect on regional development

SEGMENTS AND CLASSIFICATION

The overall hemp market is classified into three sections based on product, end-user and region.

1) Segments in Global Hemp Market Based on Product

  • Hemp Seeds
  • Hemp Oil
  • Hemp Protein
  • Soft Gel Caps

2) Segments in Global Hemp Market Based on End-user

  • Supermarkets
  • Convenience Stores
  • Others

3) Segments in Global Hemp Market Based on Region

  • United States
  • Canada
  • Mexico
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Singapore
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Brazil
  • Rest of Central & South America
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa

FEATURED COMPANY

Some of the major players in the hemp market discussed in this report are,

  • Manitoba Harvest
  • CW Hemp/CW Botanicals
  • Aphria
  • Canopy Growth Corporation
  • Nutiva
  • Agropro
  • CV Sciences
  • Isodiol
  • ENDOCA
  • Jinzhou Qiaopai Biotech
  • North American Hemp & Grain Co
  • Yunnan Industrial Hemp
  • GFR Ingredients Inc
  • Hempco
  • Yishutang
  • Naturally Splendid
  • BAFA neu GmbH
  • Aos Products
  • Suyash Herbs

WHAT THE REPORT HAS TO OFFER

This study analyzes Hemp's worldwide market size in important areas such as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, focusing on Hemp production. This report analyzes the top players/brands, area, type and end customer categorizes of the worldwide Hemp market. This study also looks at the worldwide market status of Hemp, competitive landscape, market share, growth rate, future trends, market drivers, possibilities and difficulties, marketing channels and distributors

TABLE OF CONTENT

 

 

LIST OF TABLES & FIGURES

HEMP MARKET OVERIVEW

In 2019, the global Hemp market size was US$ 1533.2 million and it is expected to reach US$ 6666.3 million by the end of 2026, with a CAGR of 23.1% during 2021-2026.

Hemp Market Size, Share, Trends, Growth, Forecast 2026

Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago.

The global average price of Hemp is in the increasing trend, from 16.13 USD/Unit in 2013 to 19.75 USD/Unit in 2017. With the situation of global economy, prices will be in increasing trend in the following five years.

Increasing beneficial use of industrial hemp products in paper, textiles, biodegradable plastics, fuel, construction and health food is expected to provide countless growth possibilities in the years ahead.

The report classifies the hemp market based on, hemp seeds, hemp oil, hemp Protein and soft gel. Due to the increasing demand for hemp grain to acquire seed oil, the seeds segment dominates the industry with the largest share of 50.90 per cent in 2018.

FACTORS DRIVING THE MARKET

  • Increasing amount of chronic illnesses such as diabetes 
  • Increased use of hempseed oil & hemp seed in multiple food applications 
  • Increased legalization in industrial hemp cultivation

REGION WISE MARKET ANALYSIS

  • During the forecast period, the European region is expected to be the fastest-growing region on the industrial hemp market due to increased consumption of hemp plants as food as well as their broad use in other food products such as smoothies, yoghurt, cereals and bars. Also, it is anticipated that the growing legalization of Industrial Hemp in the European region will increase the industrial hemp market in the coming years.
  • Due to the rising geriatric population and growing concerns about skin diseases and UV protection that are supposed to drive the region's personal care industry demand for hemp oil, North America market is on the rise.
  • Asia Pacific is a quickly growing region in the production of biodegradable textiles for consumer and industrial applications due to increased fibre consumption. It is anticipated that the presence of significant provider nations including China, India, Australia and South Korea will have a beneficial effect on regional development

SEGMENTS AND CLASSIFICATION

The overall hemp market is classified into three sections based on product, end-user and region.

1) Segments in Global Hemp Market Based on Product

  • Hemp Seeds
  • Hemp Oil
  • Hemp Protein
  • Soft Gel Caps

2) Segments in Global Hemp Market Based on End-user

  • Supermarkets
  • Convenience Stores
  • Others

3) Segments in Global Hemp Market Based on Region

  • United States
  • Canada
  • Mexico
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Singapore
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Brazil
  • Rest of Central & South America
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa

FEATURED COMPANY

Some of the major players in the hemp market discussed in this report are,

  • Manitoba Harvest
  • CW Hemp/CW Botanicals
  • Aphria
  • Canopy Growth Corporation
  • Nutiva
  • Agropro
  • CV Sciences
  • Isodiol
  • ENDOCA
  • Jinzhou Qiaopai Biotech
  • North American Hemp & Grain Co
  • Yunnan Industrial Hemp
  • GFR Ingredients Inc
  • Hempco
  • Yishutang
  • Naturally Splendid
  • BAFA neu GmbH
  • Aos Products
  • Suyash Herbs

WHAT THE REPORT HAS TO OFFER

This study analyzes Hemp's worldwide market size in important areas such as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, focusing on Hemp production. This report analyzes the top players/brands, area, type and end customer categorizes of the worldwide Hemp market. This study also looks at the worldwide market status of Hemp, competitive landscape, market share, growth rate, future trends, market drivers, possibilities and difficulties, marketing channels and distributors

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TABLE OF CONTENT

 

 
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LIST OF TABLES & FIGURES

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