Industrial Hemp Market Dynamics: Key Players and Innovations
The global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. The increased usage of hemp seeds in a wide range of food and beverage products such as cereals, yogurts, protein powders, and hemp milk is driving the market.
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Drivers...
Hemp Boom: Sustainable Products Drive Market to $18.1 Billion by 2027
The industrial hemp market is on a steady rise, expected to reach a value of USD 18.1 billion by 2027. This significant growth is fueled by a surge in demand for eco-friendly products and a growing awareness of the health benefits associated with hemp.
Hemp Seeds: A Superfood Powerhouse
One of the key drivers of this market is the increasing usage of hemp seeds in various food and beverage...
Unlocking the Potential: The Industrial Hemp Market
The global industrial hemp market is on an impressive trajectory, with its estimated value reaching USD 6.8 billion in 2022 and projected to soar to USD 18.1 billion by 2027, marking a remarkable CAGR of 21.6% in terms of value. What’s driving this growth? Let’s dive in!
Hemp in the Food & Beverage Industry
One of the prime catalysts for this surge is the surging usage of...
Industrial Hemp Market Sizing, Emerging Trends, & New Opportunities
The global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. The increased usage of hemp seeds in a wide range of food and beverage products such as cereals, yogurts, protein powders, and hemp milk is driving the market.
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Key...
Industrial Hemp Market Size, Share, Opportunities, Trends & Future Scope to 2027
The global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. The growth of this market is attributed to the growing consumption of hemp seed in the food & beverage industry.
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Industrial...
Growing Demand for CBD as an Ingredient in Pharmaceutical and Cosmetic Products is Driving Factor for Industrial Hemp Market
The global industrial hemp market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value. Industrial hemp is defined as the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9-tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis....
Industrial Hemp Market Analysis, Growth, Share, Trends, & Forecast to 2025
The global industrial hemp market size is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp across different countries, and growing application scope of industrial...
Industrial Hemp Market: Overview and Regional Outlook Study
The global industrial
hemp market size is projected to grow from USD 4.6 billion in 2019 to
USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of
34.0% during the forecast period. Rising awareness among the consumers about
the benefits of industrial hemp, increasing legalization to cultivate
industrial hemp across different countries, and growing application scope of
industrial...
Industrial Hemp Market will grow at 34% CAGR – Global Insights on Trends, Leading Players
The industrial
hemp market is projected to grow at a CAGR of 34% from USD 4.6 billion
in 2019 to USD 26.6 billion by 2025. The growth of this market is attributed to
the increased consumption of hemp-based products due to their various health
benefits and increased incidences of diseases such as epilepsy and other sleep
disorders. However, the complex regulatory structure for the usage of
industrial...
Industrial Hemp Market – Analysis, Trends and Forecasts
The industrial
hemp market is projected to grow from USD 4.6 billion in 2019 to USD
26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0%
during the forecast period. The major factors driving the growth of the
industrial hemp market include increasing legalization in the cultivation of
industrial hemp, functional properties of hemp seed and hemp seed oil, and
their growing...