The global demand for Organic Hemp Market is presumed to reach the market size of nearly USD 147.63 MN by 2028 from USD 91.22 MN in 2021 with a CAGR of 15.12% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Cannabis sativa L., popularly known as organic hemp, is a part of the Cannabaceae plant family that is grown for its edible seeds, oils, or bast fibre. Rope, textiles, apparel, footwear, food, paper, bioplastics, insulation, and biofuel are just a few commercial and industrial items made from hemp. Magnesium, a mineral abundant in hemp seeds and connected to the prevention of coronary heart disease, helps control your heartbeat.
Market Dynamics
Major factors propelling the organic hemp market include the increasing use of hemp-based animal foods and the growing inclination towards dietary supplements. Additional factors positively impacting the market are environment-friendly cultivation of hemp crops and rising investment and government support. On the downside, a lack of research and development for organic hemp production may restrict the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of organic hemp. The growth and trends of Organic Hemp Industry provide a holistic approach to this study.
Market Segmentation
This section of the organic hemp market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Distribution Channel
By Application
- Hemp Seed (Food And Beverages, Personal Care, Hemp Dust, Animal Feed)
- Hemp Fiber (Biocomposites, Pulp & Paper, Building Materials, Textiles, Hemp Dust)
- Hemp Shives (Animal Bedding, Garden Mulch, Building Material, Hemp Dust)
- Hemp Dust (Garden Mulch, Animal Bedding, Hemp Dust)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Organic Hemp market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Organic Hemp Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the organic hemp market include Tonik, Bioriginal Food & Science Corp., Organicway Inc., Connoils LLC, Manitoba Harvest Hemp Foods, Linwoods, Qemp Zero Peppermint, Pocono Organics, Lotus Organics+, and Kemin Industries. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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