A recent report on Industrial Hemp Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Industrial hemp is an agricultural product delivering fibers, seeds, and shives for their usage majorly in nutritional supplements, food & beverages, personal care, animal feed, pulp & paper, textile, building materials, bio-composites, and animal bedding. Dietary benefits related with the product, which is a rich source of omega-6, omega-3, protein, and amino acids, is expected to power the requirement of industrial hemp.
Industrial Hemp Companies
The major players included in the global industrial hemp market forecast are,
- American Cannabis Company
- Marijuana Company of America
- Valley Bio Limited
- Terra Tech Corp
Industrial Hemp Market Key Segments:
By Type: Hemp seed, Hemp seed oil, CBD hemp oil, Hemp fiber
By Application: Food, Beverages, Personal care products, Textiles, Pharmaceuticals, Others
By Source: Organic, Conventional
The Industrial Hemp Market Size In North America, Power By The US And Canada, Is Predicted To Clock A Huge Development
The industrial hemp market size in North America, power by the US and Canada, is predicted to clock a huge development due to increasing consumer awareness related to product advantages. Increasing popularity of CBD or cannabidiol goods due to rising consumer awareness associated to medical advantages related to it comprising natural healing and restorative properties is expected to power CBD market requirement from personal care sector in the area. The demand for industrial hemp market in Europe, led by France, UK, Germany, and Italy, may grow strongly over the coming period.
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