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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. <br>
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Scope of The Report Research report categorizes the industrial hemp market based on type, applicat ion, source & by region. By Type • Hemp Seed • Hemp Seed Oil • Hemp Fiber • CBD Hemp Oil By Source • Organic • Conventional By Application • Food • Beverages • Personal Care Products • Textiles • Pharmaceuticals And More…
Key Segments The global 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. 1 Functional properties of hemp seed and hemp seed oil, and their gr owing use in different food applications, and increase number of ch ronic diseases. 2 Browse 77 market data Tables and 34 Figures spread through 132 P ages and in-depth TOC on "Industrial Hemp Market - Global Forecas t to 2025" 3 4 The CBD hemp oil segment is projected to be the fastest-growing seg ment in the industrial hemp market during the forecast period. 5 The European region is projected to be the fastest-growing region in the industri al hemp market during the forecast period owing to growth in consumption of he mp seeds as food as well as their wide application in other food products.
Industrial Hemp Market Growth Rate 2025 2019 CAGR of 34.0% Market Size of $4.6 Billion Market Size of $26.6 Billion Recent Developments: • In May 2019, GenCanna and Atalo Holdings entered into the str ategic partnership to build vertically integrated hemp processing and distribution facility in Kentucky. • In May 2019, GenCanna and Thar Process entered into a partn ership to introduce the new CO2 hemp extraction technology int o the market.
Key Vendors Vendors • Hempco (Canada) • Ecofibre (Australia) • Hemp Inc. (US), GenCanna (US) • HempFlax BV (Netherlands) • Konoplex Group (Russia) • Hemp Oil Canada (Canada) • BAFA (Germany) • Hemp Poland (Poland) View Report Here - https://www.marketsandmarkets.com/Market-Reports/industrial-h emp-market-84188417.html
Top Region.. North America • Europe • Asia Pacific • ROW •
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