Increase in Legalization of Hemp Cultivation and Consumption of Hemp in Various Industrial Applications Drives the Market for Industrial Hemp

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MarketsandmarketsPresents

• Increase in Legalization of Hemp Cultivation and
  Consumption of Hemp in Various Industrial
  Applications Drives the Market for Industrial
  Hemp Market

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Introduction

• The industrial hemp market is projected to grow
  from USD 4.6 billion in 2019 to USD 26.6 billion
  by 2025, recording a CAGR of 34.0 during the
  forecast period. This is attributed to the
  growing number of chronic diseases such as
  diabetes increasing usage of hempseed oil hemp
  seed in various food applications rising usage
  of non-psychotropic cannabinoid cannabidiol
  (CBD)CBD hemp oil in food pharmaceutical
  segment and increasing legalization in the
  cultivation of industrial hemp.
• The European market is projected to capture the
  largest share in the market. This is attributed
  to the presence of a large consumer base for
  food, beverages, dietary supplements, and
  personal care products. Further, the usage of
  hemp fiber is growing in different applications,
  such as automotive and construction materials.
  Increasing consumption of hemp seeds in food and
  other food products such as smoothies, yogurt,
  cereals, and bars is expected to bolster the
  growth of the market further. The demand for hemp
  in the form of these products is considerably
  high in countries such as Germany and the
  Netherlands, thus, driving the regional market
  growth.
• Speak to Analyst _at_ https//www.marketsandmarkets.c
  om/speaktoanalystNew.asp?id84188417

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Report Objectives

• Determining and projecting the size of the
  industrial hemp market, with respect to type,
  application, source, and regional markets, over
  six years ranging from 2019 to 2025
• Identifying attractive opportunities in the
  market by determining the largest and
  fastest-growing segments across regions
• Providing detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• Analyzing the micro-markets, with respect to
  individual growth trends, future prospects, and
  their contribution to the total market
• Identifying and profiling the key market players
  in this market

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• Providing a comparative analysis of the market
  leaders based on the following parameters
• Product offerings
• Business strategies
• Strengths and weaknesses
• Key financials
• Understanding the competitive landscape and
  identifying the major growth strategies adopted
  by players across the key regions
• Analyzing the value chain, products, and
  regulatory frameworks across key regions and
  their impact on the prominent market players
• Providing insights into key product innovations
  and investments in the industrial hemp market

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 Market Dynamics 

• Drivers
• Increasing Legalization in the Cultivation of
  Industrial Hemp
• Functional Properties of Hemp Seed and Hemp Seed
  Oil, and Their Increased Use in Different Food
  Applications
• Increasing Number of Chronic Diseases
• Restraints
• Complex Regulatory Structure for the Usage of
  Industrial Hemp
• Opportunity
• New Product Developments From Industrial Hemp
• Challenges
• Lack of Viable Availability of Seeds for the
  Cultivation of Industrial Hemp
• Lack of Processing Facilities and Planting
  Harvesting Equipment

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Key Players

• Hempco (Canada)
• Ecofibre (Australia)
• Hemp Inc. (US)
• GenCanna (US)
• HempFlax BV (Netherlands)
• Konoplex Group (Russia)
• Hemp Oil Canada (Canada)
• BAFA (Germany)
• Hemp Poland (Poland)
• Dun Agro (Netherlands)
• Colorado Hemp Works (US)

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Contact Us

• Mr. Shelly Singh
• MarketsandMarkets INC.
• 630 Dundee Road
• Suite 430
• Northbrook, IL 60062
• USA 1-888-600-6441
• sales_at_marketsandmarkets.com

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