Global Hemp Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2019 - 2025


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Introduction

Hemp Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. The global hemp market is predicted to remarkably benefit from increase in legalization and liberalization of hemp cultivation with permitted level of tetrahydrocannabinol content. Hemp fiber gains massive demand in the textiles industry, especially for the manufacture of various industrial and consumer textiles, spun fibers, and yarns
The global hemp market is foreseen to gain growth with the increase in demand for hemp-based food products such as salad dressings, flour, dairy alternatives, and cooking oil.
The industry is witnessing growth on account of increasing consumer awareness pertaining to benefits associated with hemp products. The product is a rich source of omega-3 and omega-6, amino acids, and proteins.

Geographical Overview

At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Hemp Market with its high population base. Asia Pacific could also show impressive market growth on the back of rising use of fiber in the manufacture of biodegradable textiles for industrial and consumer applications.
Europe is the third-largest market in terms of volume as well as revenue. Product demand in this region is driven by growing application of fibers derived from the product in the manufacturing of construction materials, fiberboards, and auto parts.

Segmental Overview
Hemp Market is segmented as per below specifications -  

By Product Type: 
• CBD Hemp Oil
• Hemp Seed
• Hemp Fiber
• Hemp Oil

By Consumption: 
• Food
• Beverages
• Cosmetics
• Textiles

By Distribution Channel: 
• Organic
• Conventional

Competitor Analysis
Hemp Market has presence of some of the key major players across globe which includes
• Hempco
• Ecofibre
• Hemp Inc.
• GenCanna 
• HempFlax BV 
• Elixinol Global Limited
• Konoplex Group 
• Canopy Growth Corporation 
• Hemp Oil Canada 
• Cannoid
• BAFA

These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.  

By Geographical Locations: 
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China 
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific 
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA

Highlights of the report
What is Hemp Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations