From USD 11.16 billion to USD 88.42 billion industrial hemp market on the rise

Posted by falgunimmr from the Business category at 18 Dec 2024 10:16:31 am.

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Learn about the Industrial Hemp Market growth and developments.
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Industrial Hemp Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Industrial Hemp market, with forecasts outspreading to the year 2030.
Unlock critical market insights by exploring the sample via the link @https://www.maximizemarketresearch.com/request-sample/33440/
Discover how we define the Industrial Hemp Market scope and research approach.
The Industrial Hemp market research provides comprehensive information on significant aspects, including those that are expected to drive the industry’s growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Industrial Hemp market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Industrial Hemp Market is included in the scope of the MMR report.
The report offers a number of new requirements, each with a thorough justification. The Industrial Hemp Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.
Uncover the regional opportunities and challenges in the Industrial Hemp Market.
This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research’s geographic analysis makes it possible to comprehend the Industrial Hemp market situations in various nations. The Industrial Hemp market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.
Discover key segments driving the growth of the Industrial Hemp Market :
Industrial Hemp Market was valued at USD 11.16 Billion in 2023 and it is expected to reach USD 88.42 Billion by 2030, exhibiting a CAGR of 34.4% during the forecast period (2024-2030).
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Industrial Hemp Market segmentation :
by Type
Hemp Seed
Hemp Seed Oil
CBD Hemp Oil
Hemp Fiber
The market is divided into four categories based on type: hemp fiber, hemp seed, hemp seed oil, and CBD hemp oil. Over the course of the forecast period, the hemp fiber segment is anticipated to dominate the market. The fibers of hemp are classified as hurds (inner short fibers) and bast (outer long strands). The bast fibers are further classified into two groups: primary bast fibers, which can reach a length of 50 mm and contain 50–70% cellulose, and secondary bast fibers, which are only around 2 mm long. Because bast fibers can be spun and knitted, they are mostly used in the textile industry. The short fibers called hurds, which comprise 70–80% of the hemp stalk, are approximately

by Application
Food, Beverages
Personal Care Products
Textiles
Pharmaceuticals
Others
The market is divided into segments based on application, including food, drinks, textiles, personal care items, pharmaceuticals, and others. Forecasts indicate that the food segment will dominate the industrial hemp market. This is because hemp is used to make foods that are high in minerals including protein, calcium, zinc, iron, salt, potassium, and magnesium, as well as linoleic and linolenic acid and vitamin E. The most popular way to consume hemp seeds is raw or roasted. It is found in cereals, yogurt, smoothies, and salads. As veganism gains popularity worldwide, it is predicted that the demand for processed foods made from hemp, such as bars, flour, snacks, and cheese, will increase in response to the growing consumption of plant-based protein.

by Source
Organic
Conventional
The market is divided into conventional and organic segments based on the source. Conventional hemp products dominated the industrial market since they are less costly than organic hemp products. Additionally, even though commercial hemp is not certified, it is rich in vitamins and other essential fatty acids.

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Learn about the top players driving innovation in the Industrial Hemp Market :
1. Valley Bio Ltd.
2. Hemp, Inc.
3. Terra Tech Corp.
4. American Hemp
5. Ecofiber Industries Operations
6. Botanical Genetics, LLC
7. Marijuana Company of America, Inc.
8. HempMedsBrasil
9. CBD Biotechnology Co.
10.Plains Industrial Hemp Processing Ltd.
11.HempFlax B.V.
12.Industrial Hemp Manufacturing, LLC
13.Boring Hemp Company
14.American Cannabis Company, Inc.
15.Parkland Industrial Hemp Growers Cooperative Ltd.
Get answers to critical questions shaping the Industrial Hemp Market

What is Industrial Hemp ?
What is the growth rate of the Industrial Hemp Market?
Which are the factors expected to drive the Industrial Hemp market growth?
What is the CAGR at which the Industrial Hemp market will grow during the forecast period?
What are the different segments of the Industrial Hemp Market?
Which is the fastest growing region in the Industrial Hemp market?
What growth strategies are the players considering to increase their presence in Industrial Hemp ?
What are the upcoming opportunities and trends for the Industrial Hemp Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Industrial Hemp Market?
Who are the leading companies and what are their portfolios in Industrial Hemp Market?
What segments are covered in the Industrial Hemp Market?
Who are the key players in the Industrial Hemp market?

Gain access to valuable industry insights through the sample link @https://www.maximizemarketresearch.com/request-sample/33440/ 
Get a closer look at the game-changing products driving success :

Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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