Hemp-based Products Market: Global Industry Analysis and Forecast (2023-2029)
The Hemp-based Products Market size is been forecasted to reach USD 8.92 Billion by the year 2029 with a CAGR of 18% due to various market dynamics and trends.
Hemp-based Products Market Overview:
Hemp-based products are made from Cannabis sativa. These products use hemp seeds, stalks, leaves and flowers. Hemp products include oil, seeds, fibres and CBD. Essential fatty acid-rich hemp oil is utilised in cooking, cosmetics and nutritional supplements. Hemp seeds are healthy snacks or ingredients. Hemp fibres make sturdy textiles, ropes, paper and more. Hemp-derived CBD oils, tinctures and edibles are popular for their health advantages. Since hemp grows quickly with little water and chemicals, hemp-based goods are sustainable. Many countries allow these items, which are used in health, textiles and construction.
Market Scope:
The Hemp-based Products Market's complex regulatory structure challenges firms and consumers. International and state law compliance takes time and money. Jurisdictional variations may confuse consumers about product legality and quality. Hemp-based goods are growing globally despite these obstacles. Europe, Asia Pacific and the rest of the world follow North America, each with its drivers and regulations. Product, application, distribution channel, end-user, geography, source, extreme action process, certification and hemp cultivation segment the market. Charlotte's Web, HempMeds, Lazarus Naturals and Endoca are industry leaders. Hemp-based products are growing due to consumer desires for natural, sustainable and organic items.
Drivers:
Hemp and CBD products are becoming legal in various countries. Hemp is a Cannabis sativa cultivar with minimal THC. Hemp cultivation, manufacturing and sales are legal because hemp is not marijuana. This legal amendment had several major effects. First, hemp and CBD enterprises have new prospects. Businesses' expansion potential was constrained by these products' ambiguous legal status. After legalisation, companies can operate in a regulated market ensuring safety and quality. Hemp and CBD products can be researched, developed and marketed by reputable firms.
Segmentation:
by Product Type
Hemp oil
Seeds
Fibres
Protein
CBD-infused
by Application
Food and drinks
Textiles
Personal care
Pharmaceuticals
Others
by Distribution Channel
Online retail
Specialty stores
Supermarkets/hypermarkets
Others
by End-User
Businesses
Individual consumers
by Source Organic
Conventional
by Extraction Method
Solvent-based extraction
Solventless extraction
by Certification
Organic
Non-GMO
Fair trade
Others
by Hemp
Cultivation Indoor cultivation
Outdoor cultivation
Greenhouse cultivation
Key Players: the key players are
1. Charlotte's Web (Colorado)
2. HempMeds (South Carolina)
3. Lazarus Naturals (Oregon)
4. Endoca (Denmark)
5. CBDfx (Nevada)
6. Joy Organics (Colorado)
7. Green Roads (Florida)
8. Royal CBD (Nevada)
9. NuLeaf Naturals (Colorado)
10. CBDistillery (Colorado)
11. HempFlax (Netherlands)
12. Hemptiva (India)
13. Hempura (India)
14. Lord Jones (New York)
15. Medterra (Arizona)
16. CBD American Shaman (Washington)
17. FabCBD (California)
18. CBDMD (Florida)
19. PureKana (Arizona)
20. CBD For Life (Nevada)
21. Blessed CBD (United Kingdom)
22. Hempika (Poland)
23. CBD Therapy (Brazil)
24. Hemp.Direct (Australia)
25. Green Lotus Hemp (Argentina)
26. Hemp Bombs (Nevada)
27. CBD Pure (United Kingdom)
Regional Analysis:
The report has assessed the global Hemp-based Products market in the following regions:
America, North (the United States, Canada)
European Union (Germany, France, United Kingdom, Russia)
Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina, Colombia)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the Hemp-based Products Market Report are:
Which key trends are likely to emerge in the Hemp-based Products market in the forecast period?
What will be the Hemp-based Products market size by 2027?
Which company had the biggest share in the Hemp-based Products market in 2020?
#HempbasedProductsMarket #HempbasedProductsMarketTrend #HempbasedProductsMarketSizeHemp-based Products Market: Global Industry Analysis and Forecast (2023-2029)
The Hemp-based Products Market size is been forecasted to reach USD 8.92 Billion by the year 2029 with a CAGR of 18% due to various market dynamics and trends.
Hemp-based Products Market Overview:
Hemp-based products are made from Cannabis sativa. These products use hemp seeds, stalks, leaves and flowers. Hemp products include oil, seeds, fibres and CBD. Essential fatty acid-rich hemp oil is utilised in cooking, cosmetics and nutritional supplements. Hemp seeds are healthy snacks or ingredients. Hemp fibres make sturdy textiles, ropes, paper and more. Hemp-derived CBD oils, tinctures and edibles are popular for their health advantages. Since hemp grows quickly with little water and chemicals, hemp-based goods are sustainable. Many countries allow these items, which are used in health, textiles and construction.
Market Scope:
The Hemp-based Products Market's complex regulatory structure challenges firms and consumers. International and state law compliance takes time and money. Jurisdictional variations may confuse consumers about product legality and quality. Hemp-based goods are growing globally despite these obstacles. Europe, Asia Pacific and the rest of the world follow North America, each with its drivers and regulations. Product, application, distribution channel, end-user, geography, source, extreme action process, certification and hemp cultivation segment the market. Charlotte's Web, HempMeds, Lazarus Naturals and Endoca are industry leaders. Hemp-based products are growing due to consumer desires for natural, sustainable and organic items.
Drivers:
Hemp and CBD products are becoming legal in various countries. Hemp is a Cannabis sativa cultivar with minimal THC. Hemp cultivation, manufacturing and sales are legal because hemp is not marijuana. This legal amendment had several major effects. First, hemp and CBD enterprises have new prospects. Businesses' expansion potential was constrained by these products' ambiguous legal status. After legalisation, companies can operate in a regulated market ensuring safety and quality. Hemp and CBD products can be researched, developed and marketed by reputable firms.
Segmentation:
by Product Type
Hemp oil
Seeds
Fibres
Protein
CBD-infused
by Application
Food and drinks
Textiles
Personal care
Pharmaceuticals
Others
by Distribution Channel
Online retail
Specialty stores
Supermarkets/hypermarkets
Others
by End-User
Businesses
Individual consumers
by Source Organic
Conventional
by Extraction Method
Solvent-based extraction
Solventless extraction
by Certification
Organic
Non-GMO
Fair trade
Others
by Hemp
Cultivation Indoor cultivation
Outdoor cultivation
Greenhouse cultivation
Key Players: the key players are
1. Charlotte's Web (Colorado)
2. HempMeds (South Carolina)
3. Lazarus Naturals (Oregon)
4. Endoca (Denmark)
5. CBDfx (Nevada)
6. Joy Organics (Colorado)
7. Green Roads (Florida)
8. Royal CBD (Nevada)
9. NuLeaf Naturals (Colorado)
10. CBDistillery (Colorado)
11. HempFlax (Netherlands)
12. Hemptiva (India)
13. Hempura (India)
14. Lord Jones (New York)
15. Medterra (Arizona)
16. CBD American Shaman (Washington)
17. FabCBD (California)
18. CBDMD (Florida)
19. PureKana (Arizona)
20. CBD For Life (Nevada)
21. Blessed CBD (United Kingdom)
22. Hempika (Poland)
23. CBD Therapy (Brazil)
24. Hemp.Direct (Australia)
25. Green Lotus Hemp (Argentina)
26. Hemp Bombs (Nevada)
27. CBD Pure (United Kingdom)
Regional Analysis:
The report has assessed the global Hemp-based Products market in the following regions:
America, North (the United States, Canada)
European Union (Germany, France, United Kingdom, Russia)
Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina, Colombia)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the Hemp-based Products Market Report are:
Which key trends are likely to emerge in the Hemp-based Products market in the forecast period?
What will be the Hemp-based Products market size by 2027?
Which company had the biggest share in the Hemp-based Products market in 2020?
#HempbasedProductsMarket
#HempbasedProductsMarketTrend
#HempbasedProductsMarketSize
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