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

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.<br>https://www.marketsandmarkets.com/Market-Reports/industrial-hemp-market-84188417.html

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

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

  2. 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 @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=84188417

  3. 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

  4. 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

  5.  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

  6. Key Players • Hempco (Canada) • Ecofibre(Australia) • Hemp Inc. (US) • GenCanna(US) • HempFlaxBV (Netherlands) • KonoplexGroup (Russia) • Hemp Oil Canada (Canada) • BAFA (Germany) • Hemp Poland (Poland) • Dun Agro (Netherlands) • Colorado Hemp Works (US)

  7. Contact Us Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

  8. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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