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#Industrial Hemp Market#Industrial Hemp Market Size#Industrial Hemp Market Trends#Industrial Hemp Market Growth#Industrial Hemp Market Analysis and forecast
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Industrial Hemp Market To Reach USD 60,682.8 Million by 2030
The industrial hemp market will progress at a considerable rate of 33.7% by the end of the decade to reach USD 60,682.8 million by 2030. In Europe, France had the highest revenue in the past, and it will grow significantly at a rate of rate of over 18%.
The industry is largely powered by the increasing requirement for industrial hemp in numerous sectors and the growing legalization of the farming of this crop to be used in industries.
The hemp oil category had the second-largest share in the industry, of about 30%. Hemp oil is chiefly valued by customers for its nutritious properties and benefits to health, as it is a comprehensive source of all vital fatty and amino acids.
Also, customers are more and more drawn to natural and organic products, and hemp oil is favored because it has caryophyllene, cannabidiol, and myrcene, which offer health benefits.
The food industry dominated the industrial hemp market with a share of above 25% in the past. Hemp is used by millennia as a source of fiber and oilseeds in numerous consumer and industrial products globally. Over 25 nations already are into the growing of industrial hemp as an agro commodity, and it is also traded globally. In Europe and APAC, hemp oil and seeds are a part of human diet for over 5,000 years.
Food products presently made at the industrial level with hemp oil and seeds include salad oils, non-dairy cheeses, health bars, non-soy tofu, non-dairy milks, additives for breads, biscuits, and cakes; butter pastes, along with whole seeds consumed in both roasted and raw forms.
The requirement for hemp in the pharma industry is will be the fastest in the years to come, with a rate of about 35%. Hemp provides a required omega-6-to omega-3-PUFA ratio, helping promote cardiac health, reduces osteoporosis symptoms, and eases the symptoms of eczema.
It also comprises CBD, which has pharmacological potentials, making it a possible therapeutic agent for ailments of the central nervous system, for example neurodegenerative ailments, and multiple sclerosis.
Furthermore, the requirement for this product for pharma applications will grow because of the aging and increasing population, on top of medical challenges for example neurodegenerative disorders, multiple sclerosis, and epilepsy.
The conventional type had the larger share, of over 50%, in the past, since conventionally grown hemp is priced low. Moreover, it does not need strict inspection or obedience to guidelines for meeting the certified organic standards, making the production procedure faster. Not only this, it is rich in fatty acids and also vitamins.
It is because of the increased use of industrial hemp in food industry, the demand for the same will be on the rise in the years to come.
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We make t-shirts strong enough to survive anywhere in the galaxy 💪
…they also happen to be made from hemp & recycled water bottles 🤯
All this for only $25! 🤑
Learn more here ⬇️
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Industrial Hemp Market Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
San Francisco, 26 June 2023: The Report Industrial Hemp Market Size, Share & Trends Analysis Report By Product (Seeds, Fiber, Shivs), By Application (Animal Care, Textiles, Food & Beverages, Construction Materials, Personal Care), By Region, And Segment Forecasts, 2023 – 2030
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 17.1%…
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#Industrial Hemp Industry#Industrial Hemp Market#Industrial Hemp Market 2023#Industrial Hemp Market Revenue#Industrial Hemp Market Share#Industrial Hemp Market Size
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Industrial Hemp Market Exhibit Steadfast CAGR Of 16.8% Y-O-Y
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 16.8% over the forecast period, according to a new report by Grand View Research, Inc. The rising product demand from industries, such as agriculture, textiles, personal care, recycling, furniture, food & beverage, paper, and construction materials, is projected to propel market growth. Hemp is increasingly being used in medicinal products and nutritional supplements. The high nutritional values and beneficial fatty acid and protein profile of hemp are driving the demand for hemp products in the market. In addition, hemp oil is used in shampoos, soaps, lotions, bath gels, and other cosmetics, further benefiting the industry growth.
Gain deeper insights on the market and receive your free copy with TOC now @: Industrial Hemp Market Report
The strength to weight ratio, high tensile strength, and flexural strength of industrial hemp offer desired benefits in bio-composites for automotive parts, fiberboard, aerospace, and packaging. Furthermore, the product demand from the textile, paper, and building materials markets is growing on account of its favorable acoustic and aesthetic properties. The rising demand for eco-friendly products in construction materials, fiberglass alternatives, thermal insulation, and automotive products is expected to promote market growth. The growing demand for technical products, such as varnishes, oil paints, fuel, solvents, chain-saw lubricants, printing inks, putty, and coatings, is expected to have a positive impact on the market growth.
Industry Analysis By Major Producers:
Players involved in the market produce large quantities and high-quality products along with a wide range of variants, in terms of, seed size and oil composition. Potential yields and processing methods, technologies used for processing, along with the cost of production and returns, play a major role in driving the competition in the market. Some prominent players in the global industrial hemp market include, Parkland Industrial Hemp Growers Cooperative Ltd.; CBD Biotechnology Co.; Botanical Genetics, LLC; Marijuana Company of America, Inc.; HempMedsBrasil; Terra Tech Corp.; American Cannabis Company, Inc.; HempFlax B.V.; Industrial Hemp Manufacturing, LLC
For Any Questions or Inquire please visit @: https://www.grandviewresearch.com/industry-analysis/industrial-hemp-market/request/rs5 Grand View Research has segmented the global industrial hemp market report on the basis of product, application, and region
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Industrial Hemp Market is valued at USD 5.2 Billion in 2022 and is expected to reach USD 30.6 Billion by 2030 growing at a CAGR of 34% during the forecasted period
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Bayou City Hemp and 8th Wonder Brewery team up to produce cannabis-infused beverages for Texas market.
Bayou City Hemp and 8th Wonder Brewery team up for cannabis-infused beverages in Texas. Compliant with federal and state laws. #cannabisbeverages #texasmarket
Bayou City Hemp Company, 8th Wonder Brewery, and Flood Independent Distribution Team have announced their plan to produce and distribute cannabis-infused beverages across Texas.
Bayou City Hemp Company will be responsible for the formulation and manufacturing of these offerings, while Flood Distribution will be responsible for their distribution. The initial selection of cannabis-infused…
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#8th Wonder Brewery#Bayou City Hemp Company#cannabis-infused beverages#CO2 extraction#Delta 8#Delta 9 THC#Flood Independent Distribution Team#Happi#hemp#Lil Bit#nano-emulsion technologies#national beverage industry.#Texas market#Trillionaire#Wonder Water
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Industrial Hemp Market Report Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
Industrial Hemp Market Report Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
San Francisco, 31 May 2022: The Report Industrial Hemp Market Size, Share & Trends Analysis Report By Product (Seeds, Fiber, Shivs), By Application (Animal Care, Textiles, Personal Care), By Region (North America, APAC), And Segment Forecasts, 2022 – 2030
The global industrial hemp market size is expected to reach USD 16.75 billion by 2030, registering a CAGR of 16.8% over the forecast period,…
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#Industrial Hemp Industry#Industrial Hemp Market#Industrial Hemp Market 2022#Industrial Hemp Market 2030#Industrial Hemp Market Revenue#Industrial Hemp Market Share#Industrial Hemp Market Size
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