Increasing Awareness Among Consumers About Their Health And Well-Being Is Likely To Surge The Demand For Industrial Hemp 2029

The industrial hemp is made from cannabis sativa and is used across the world to manufacture various industrial and commercial goods. Industrial hemp is a rich source of fiber and oilseed. The industrial hemp is grown in more than 30 countries across the globe.

There is a lot of confusion between industrial hemp and marijuana as there are a wide range of similarities between the two plants. Owing to the rich nutritional benefits served by the industrial hemp as a rich source of proteins, omega-3, omega-6 and amino acids, the global market for industrial hemp is likely to gain a significant growth during the forecast period.

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Rising incidences of heart attacks and other cardiovascular diseases are likely to boost the market for industrial hemp. Industrial hemp helps to reduce the risk of heart issues such as arrhythmias and heart diseases. Industrial hemp also helps to lower the blood pressure levels and reduces the risks of heart failures. The increasing awareness among consumers about their health and well-being is likely to surge the demand for industrial hemp.

Stringent Regulations Governing the Industrial Hemp Market to Impede Market Growth

Europe and East Asia are prominent regions in the global industrial hemp market, as they inhabit a number of key players. Suitable government rules along with the significant demand from consumers also aid the industrial hemp market in both the regions. Owing to the increasing awareness among people about health benefits of industrial hemp and changing government policies & regulations, the market for industrial hemp in North America is likely to expand significantly over the forecast period.

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Important Questions Answered in the Industrial Hemp Market Report

  • Which are the top companies operating in the Industrial Hemp market?
  • What will be the future outlook of the Industrial Hemp market in the upcoming decade?
  • What are the key growth drivers and restraints likely to affect the Industrial Hemp market in the future?
  • Which region is expected to be the most lucrative region for the Industrial Hemp market?
  • What are the ongoing trends likely to augment the growth of the global Industrial Hemp market?

Industrial Hemp Market: Competitive Analysis

The major players in the industrial hemp market are using various internal and external strategies to increase the footprint in the global market. Some of the players in the industrial hemp market includes E Hemp, Hemp, Inc., Hemp Production Services Inc., Marijuana Company of America Inc., Manitoba Harvest Hemp Foods, North American Hemp & Grain Co. Ltd., Hemp Sense Inc., Hemp Foods Australia, Hemp Inc., Agropro, Hempro International, Blue Sky Hemp Ventures Ltd., Trigone Foods Inc., Green Source Organics, Hempco Food and Fiber Inc., Cavac Biomateriaux and All American Hemp Company, among others.

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Industrial Hemp Market: Segmentation

The global market for industrial hemp can be segmented based on the nature, form and end-use applications. Based on the nature, the global industrial hemp market can be segmented into organic and conventional. Based on the form, the industrial hemp market can be segmented into oil, seeds, hurds and fiber. Based on the applications, the industrial hemp market can be segmented into textiles, personal care, animal care, food & beverage, paper, automotive, construction material, furniture and others. Geographically, the industrial hemp market can be segmented into seven regions: North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa.

The research report presents a comprehensive assessment of the Industrial Hemp market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Industrial Hemp market segments such as buyer type, sales channel, and geographies.

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