The global industrial hemp market is expected to grow at a CAGR of around 15.8% during 2024-2033. This report on global industrial hemp market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global industrial hemp market by segmenting the market based on source, type, application and region. Also, detailed profiles of companies operating in the industrial hemp market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• New Product Developments from Industrial Hemp
• Increased Use in Different Food Applications
Market Challenges
• Lack of Processing Facilities
• Complex Regulatory Structure
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Source
• Organic
• Conventional
Market by Type
• Hemp Seed
• Hemp Seed Oil
• CBD Hemp Oil
• Hemp Fiber
Market by Application
• Food
o Snacks & Cereals
o Soup, Sauces, and Seasonings
o Bakery
o Diary & Frozen Desserts
o Others
• Beverages
o Hot Beverages
o Sports & Energy Drinks
o Ready To Drink
o Others
• Personal Care products
• Textiles
• Pharmaceuticals
• Others
Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o United Arab Emirates
o Rest of Middle East & Africa