Industrial Hemp Market

Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region - Global Forecast to 2025

Report Code: FB 7182 Jun, 2019, by marketsandmarkets.com

[132 Pages Report] The industrial hemp market was valued at USD 4.6 billion in 2019; to reach USD 26.6 billion by 2025, recording a CAGR of 34.0% during the forecast period. This is attributed to the growing number of chronic diseases such as diabetes; increasing usage of hempseed oil & hemp seed in various food applications; rising usage of non-psychotropic cannabinoid cannabidiol (CBD)–CBD hemp oil in food & pharmaceutical segment; and increasing legalization in the cultivation of industrial hemp.

Industrial Hemp Market

Market Dynamics

Driver: Increasing legalization in the cultivation of industrial hemp

Hemp has been cultivated across the globe as fiber and oilseed for the production of varieties of consumer and industrial products. Industrial hemp is derived from Cannabis sativa L., which is not marijuana but is a different variety of the same species. In the 2018 farm bill (agricultural and food policy tool of the federal government), the US took several steps to legalize the production of hemp as an agricultural commodity and to remove it from the list of controlled substances; however, it cannot be grown as freely as other crops. The bill outlined actions, such as producing a plant with higher than 0.3% THC (tetrahydrocannabinol) content or cultivation of hemp without a license, which would be considered violations to the law. Furthermore, in the European region, according to the law, growers can produce hemp plants that have tetrahydrocannabinol (THC) content not exceeding 0.2%. European countries are allowed to grow industrial hemp with a THC level of less than 0.2%.

Due to the legalization of the growth of industrial hemp in the US, the North American region has become majorly focused on the production of oilseeds and cannabidiol (CBD), a non-intoxicant cannabinoid, which can be used in the food and pharmaceutical industries. Hemp seed and hemp seed oil are excellent sources of vitamins and mineral nutrients. Hemp seed oil is a good source of fatty acids with balanced protein and is easily digestible. CBD is increasingly used as a food supplement and an essential ingredient in pharmaceutical and cosmetics products. Thus, the use of CBD hemp oil is gradually gaining prominence in food supplements and the pharmaceutical industry, and this is expected to drive the growth of the industrial hemp market in the coming years.

Restraint: Complex regulatory structure for the usage of industrial hemp

Companies offering hemp and hemp-derived products require compliance with different regulatory guidelines globally. While countries across the globe practice different levels of legalization for different types of hemp, the strict regulatory norms pertaining to the production and sales of industrial hemp across different states in the same country could be tedious for manufacturers and stakeholders to comply. Additionally, the regulations associated with hemp containing cannabidiol (CBD) and tetrahydrocannabinol (THC) also remain highly varied from state to state, which further leads to complications associated with the trading of the commodity. For instance, in the US, various legal policies should be taken into consideration; these policies include licensure of growers, regulation, and certification of seeds, state-wide commissions, and legal protection of growers. These regulations, associated with the trading, manufacturing, and prescription of industrial hemp, remain highly complex and varied across various states and countries, which makes the industry one of the most highly regulated ones.

Opportunity: New product developments from industrial hemp

The increasing legalization of the cultivation of hemp is prompting the manufacturers and research institutions to develop new products from industrial hemp. Biofuel is one such application, which is expected to have significant growth potential in the upcoming years. With the rise in the prices of oil (diesel & petrol), along with the growing concerns about global warming, biofuels have been gaining popularity. Hemp seed extracts are used to produce hemp biodiesel, which can be used in any diesel operated vehicle. Furthermore, hemp can be used to make ethanol, which is currently processed from food crops like wheat and corn. This would result in increased efficiency of food production. Researchers from the University of Connecticut published a report in 2010 stating that hemp biodiesel has the high conversion efficiency of around 97%. Thus its application as a biofuel would save a lot of time for the production of biodiesel. Bioplastic is another product that provides an opportunity for the growth of industrial hemp. Hemp bioplastics are manufactured from the leftover of hemp seeds and CBD oil. The growing consumer demand for sustainable goods, along with initiatives and support from corporate and government, is expected to support the growth of hemp-based biofuel and bioplastics.

Challenge: Lack of processing facilities and planting & harvesting equipment

After the legalization of industrial hemp in the US, the industrial hemp industry has been growing rapidly in the country, as it is one of the largest consumers of hemp-derived products. However, there has been a lack of proper planting & harvesting equipment. Air seeders that are used for planting the crop have to be used with low air volume in case of hemp speed owing to their fragility. According to the hemp fact book published by Marijuana Business Daily (US), in 2019, hemp processing is one of the top challenges, accounting for 47.7% of all the challenges; whereas, the procurement of harvesting equipment contributes about 26.3% to all the challenges. Moreover, industry experts have also suggested that the US lacks commercial scale processing facilities, which is among the major obstacles to the growth of the industrial hemp market in the country.

The food segment is projected to account for the largest market share in the industrial hemp market during the forecast period.

The industrial hemp market is segmented, based on application, into food, beverages, textiles, personal care products, pharmaceuticals, and others. The food segment is projected to be a leading segment in the industrial hemp market. This is attributed to the usage of hemp in food products, as these are rich in essential fatty acids (linoleic and linolenic); vitamin E; as well as minerals such as phosphorus, potassium, sodium, magnesium, calcium, zinc, iron, and protein. Hemp is mostly consumed in the form of hemp seed, raw or roasted. It is added to salads, smoothies, yogurt, and cereals. The growing consumption of plant-based protein, owing to the popularity of veganism, globally, is expected to increase the demand for hemp-based processed food products such as bars, flour, snacks, and cheese.

By type, the hemp fiber segment is projected to account for the largest market share during the forecast period.

The hemp fiber segment is projected to dominate the market during the forecast period. Hemp has two types of fibers: bast (outer long fibers) and hurds (inner short fibers). The bast fibers are divided further into two types: primary bast fibers, which are up to 50 mm long and contain approximately 50% to 70% cellulose and secondary bast fibers, which are about 2 mm long. Bast fibers can be spun and woven, and are thus, majorly used in the textile industry.

Hurds, the short fibers, are about 0.5 mm long, constituting 70% to 80% of the hemp stalk. These find application in building construction, animal bedding, agriculture, furniture, and automobile industries. Growing awareness about the use of hemp fibers as a renewable source to produce biofuels and bioplastics is expected to drive their demand, globally.

Industrial Hemp Market by Region

The conventional source segment in the industrial hemp market is estimated to dominate the market

The conventional source segment dominated the industrial market as they are cheaper than organic hemp products. Furthermore, despite the lack of certification, conventionally grown hemp is rich in vitamins and other essential fatty acids.

Europe is projected to account for the share of the industrial hemp market during the forecast period.

The European market is projected to capture the largest share in the industrial hemp market. This is attributed to the presence of a large consumer base for food, beverages, dietary supplements, and personal care products. Further, the usage of hemp fiber is growing in different applications, such as automotive and construction materials. Increasing consumption of hemp seeds in food and other food products such as smoothies, yogurt, cereals, and bars is expected to bolster the growth of the market further. The demand for hemp in the form of these products is considerably high in countries such as Germany and the Netherlands, thus, driving the regional market growth.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast units

Billion (USD)

Segments covered

Type, Application, Source, and Region

Geographies covered

North America, Europe, Asia Pacific, and RoW

Companies covered

Key market players including           
Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany)

The research report categorizes the Industrial Hemp Market to forecast the revenues and analyse the trends in each of the following sub-segments:

By Type

  • Hemp seed
  • Hemp seed oil
  • CBD hemp oil
  • Hemp fiber

By Application

  • Food
    • Snacks & cereals
    • Soup, sauces, and seasonings
    • Bakery
    • Diary & frozen desserts
    • Others (cold cereals, pasta, chocolate spreads, and pet food)
  • Beverages
    • Hot beverages
    • Sports & energy drinks
    • Ready to drink
    • Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
  • Personal care products
  • Textiles
  • Pharmaceuticals
  • Others (paper, automobiles, construction & materials, furniture, and pet food)

By the Source

  • Organic
  • Conventional

By the Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • New Zealand
    • Japan
    • India
    • Rest of Asia
  • RoW (South America, Africa, and the Middle East)

Key Market Players

Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands).

Recent Developments

  • In May 2019, GenCanna and Atalo Holdings entered into the strategic partnership to build vertically integrated hemp processing and distribution facility in Kentucky.
  • In May 2019, GenCanna and Thar Process entered into a partnership to introduce the new CO2 hemp extraction technology into the market.
  • In January 2019, Hemp Inc. entered into a joint venture with Hemp Healthcare to sell high-end CBD and hemp-based products, which would increase the company’s presence in Arizona.
  • In June 2018, Hemp Inc. entered into a joint venture with HQ Global Education Inc., to plant 50 acres of industrial hemp. This has helped the company to build the world’s largest hemp oil extraction facility.
  • In March 2018, Hempco signed a distribution agreement with Kane Veterinary supplies to supply its hemp-based animal supplements for pets and equine. This has helped the company to capture the growing hemp-based animal health market.

Key questions addressed by the report:

  • Who are the major market players in the industrial hemp market?
  • What are the regional growth trends and the largest revenue-generating regions for the industrial hemp market?
  • What are the key regions and industries that are projected to witness significant growth in the industrial hemp market?
  • What are the major types of industrial hemp that are projected to gain maximum market revenue and share during the forecast period?
  • Which are the major applications of industrial hemp and which application is projected to account for the majority of the revenue generated over the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered for the Study
    1.5 Currency Considered
    1.6 Volume Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
    2.3 Data Triangulation
    2.4 Assumptions for the Study
    2.5 Limitations of the Study

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Industrial Hemp Market
    4.2 Market For Industrial Hemp: Major Regional Submarkets
    4.3 Asia Pacific: Industrial Hemp Market, By Key Type & Country
    4.4 Industrial Hemp Market, By Type & Region
    4.5 Market, By Application
    4.6 Industrial Hemp Market, By Source & Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Legalization in the Cultivation of Industrial Hemp
                    5.2.1.2 Functional Properties of Hemp Seed and Hemp Seed Oil, and Their Increased Use in Different Food Applications
                    5.2.1.3 Increasing Number of Chronic Diseases
           5.2.2 Restraints
                    5.2.2.1 Complex Regulatory Structure for the Usage of Industrial Hemp
           5.2.3 Opportunity
                    5.2.3.1 New Product Developments From Industrial Hemp
           5.2.4 Challenges
                    5.2.4.1 Lack of Viable Availability of Seeds for the Cultivation of Industrial Hemp
                    5.2.4.2 Lack of Processing Facilities and Planting & Harvesting Equipment
    5.3 Value Chain

6 Regulatory Framework (Page No. - 42)
    6.1 Regulations in North America
           6.1.1 US
           6.1.2 Canada
    6.2 Regulation of Industrial Hemp in Europe
    6.3 Regulation of Industrial Hemp in the Asia Pacific
           6.3.1 Australia
           6.3.2 India

7  Industrial Hemp Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Hemp Seed
           7.2.1 The High Nutrient Profile of Hemp Seeds is Expected to Drive Their Demand, Especially in the Food Industry
    7.3 Hemp Seed Oil
           7.3.1 Easy Processing Method and Low Cost of Hemp Oil Together With Its Varied Use in Diverse Industries
    7.4 CBD Hemp Oil
           7.4.1 Growing Application in Personal Care, Supplements, and Food & Beverages Products
    7.5 Hemp Fiber
           7.5.1 Increasing Use of Hemp Fiber for the Production of Biofuels, Bioplastics, and Construction Material

8 Industrial Hemp Market, By Application (Page No. - 56)
    8.1 Introduction
    8.2 Food
           8.2.1 Snacks & Cereals
                    8.2.1.1 Growing Demand for Hemp Snacks Due to High Protein Content
           8.2.2 Soups, Sauces, & Seasonings
                    8.2.2.1 Role of Hemp in Reducing the Risk of Cancer and Preventing Other Diseases
           8.2.3 Bakery Products
                    8.2.3.1 Rising Awareness Among Consumers Driving the Demand for Hemp-Based Bakery Products
           8.2.4 Dairy & Frozen Desserts
                    8.2.4.1 Gluten-, Dairy-, and Cholesterol-Free Hemp in Dairy & Frozen Products to Drive the Demand
           8.2.5 Others
                    8.2.5.1 Rising Demand for Novel Hemp-Based Food Products
    8.3 Textiles
           8.3.1 Wide Benefits of Hemp to Drive Its Demand in Textiles
    8.4 Beverages
           8.4.1 Hot Beverages
                    8.4.1.1 Soothing Effects of Hemp Tea on the Human Body to Drive the Market for Hot Beverages
           8.4.2 Sports & Energy Drinks
                    8.4.2.1 Growing Popularity of Plant-Infused Drinks
           8.4.3 Ready-To-Drink Beverages
                    8.4.3.1 Rising Demand for Different Flavors of Ice Tea
           8.4.4 Others
                    8.4.4.1 Increased R&D on Industrial Hemp for the Extraction of Juice
    8.5 Personal Care Products
           8.5.1 Effective Moisturizing and Anti-Aging Properties of Hemp are Expected to Drive Its Demand in Personal Care Products
    8.6 Pharmaceuticals
           8.6.1 Usage of CBD Hemp Oil in the Treatment of Seizures, Sleep Disorders, and Diseases
    8.7 Others
           8.7.1 Increased Usage of Hemp in the Construction and Automobile Industries

9 Industrial Hemp Market, By Source (Page No. - 65)
    9.1 Introduction
    9.2 Conventional
           9.2.1 Low Prices of Conventional Hemp Seeds to Drive the Market
    9.3 Organic
           9.3.1 Increasing Demand for Organic Hemp Products in the Food and Pharmaceutical Industries

10 Industrial Hemp Market, By Region (Page No. - 68)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Increasing Legalization of Industrial Hemp Cultivation and Production in Several States to Drive the US Market
             10.2.2 Canada
                        10.2.2.1 The Increasing Market Demand for Hemp–Derived Products in Canada
             10.2.3 Mexico
                        10.2.3.1 Legalization of Cultivating Industrial Hemp in the US is Projected to Reflect on the Market Growth Positively
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Increasing Demand for Hemp-Based Food Products
             10.3.2 France
                        10.3.2.1 Growing R&D for Novel Application of Hemp Fiber
             10.3.3 Spain
                        10.3.3.1 Subsidies for Hemp Cultivation and Diverse Usage of Spanish Hemp in A Wide Range of Applications
             10.3.4 Italy
                        10.3.4.1 Increased Manufacturing of Hemp Seeds for Human Consumption
             10.3.5 Netherlands
                        10.3.5.1 Growing Application of Hemp in Automobile and Animal Bedding
             10.3.6 Rest of Europe
                        10.3.6.1 Rising Cultivation and Utilization of Hemp in Food and Pharmaceutical Products
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 China is A Leading Producer of Hemp Fiber and Hemp Seed
             10.4.2 Australia & New Zealand
                        10.4.2.1 Increase in R&D Activities By Food Companies to Introduce Hemp-Based Food Products
             10.4.3 Japan
                        10.4.3.1 Consumers in Japan are More Inclined Toward Health-Related Products That Drive the Growth of Hemp Seed in Japan
             10.4.4 India
                        10.4.4.1 Growth in the Number of Agricultural Training Programs to the Farmers to Spread Knowledge About Hemp
             10.4.5 Rest of Asia Pacific
                        10.4.5.1 Increase in Inclination Toward the Usage of Hemp-Derived CBD Products
     10.5 Rest of the World (RoW)
             10.5.1 South America
                        10.5.1.1 The Government Regulations Introduced for Hemp in Countries Such as Chile and Uruguay is A Major Factor Contributing to the Growth of the Market
             10.5.2 Middle East
                        10.5.2.1 Cultivation of Industrial Hemp in the Middle East is Still in the Nascent Stage of Development
             10.5.3 Africa
                        10.5.3.1 South African Government is Focusing on Establishing Hemp Crops for Obtaining Various Benefits.

11 Competitive Landscape (Page No. - 101)
     11.1 Introduction
     11.2 Competitive Leadership Mapping
             11.2.1 Visionary Leaders
             11.2.2 Dynamic Differentiators
             11.2.3 Innovators
             11.2.4 Emerging Companies
     11.3 Start-Up Microquadrant
             11.3.1 Progressive Companies
             11.3.2 Starting Blocks
             11.3.3 Responsive Companies
             11.3.4 Dynamic Companies
     11.4 Prominent Market Players
     11.5 Competitive Scenario
             11.5.1 Expansions
             11.5.2 Agreements, Joint Ventures, and Partnerships

12 Company Profiles (Page No. - 106)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)* 
     12.1 Hempco
     12.2 Ecofibre
     12.3 Hemp Inc.
     12.4 Gencanna
     12.5 Hempflax BV
     12.6 Konoplex Group
     12.7 Hemp Oil Canada
     12.8 BAFA
     12.9 Hemp Poland
     12.10 Dun Agro
     12.11 Colorado Hemp Works
     12.12 Canah International
     12.13 South Hemp Tecno
     12.14 Plains Industrial Hemp Processing
     12.15 MH Medical Hemp
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies. 

13 Appendix (Page No. - 126)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (77 Tables)

Table 1 US Dollar Exchange Rates Considered, 2015–2018
Table 2 Market Snapshot, 2019 vs. 2025
Table 3 United States’ Statutes and Public Acts on Industrial Hemp Research and Cultivation
Table 4 Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 5 Industrial Hemp Seed Market Size, By Region, 2017–2025 (USD Million)
Table 6 Industrial Hemp Seed Oil Market Size, By Region, 2017–2025 (USD Million)
Table 7 Industrial CBD Hemp Oil Market Size, By Region, 2017–2025 (USD Million)
Table 8 Industrial Hemp Fiber Market Size, By Region, 2017–2025 (USD Million)
Table 9 Industrial Hemp Market Size, By Application, 2017–2025 (USD Million)
Table 10 Food: By Market Size, By Sub-Application, 2017–2025 (USD Million)
Table 11 Food: Market Size, By Region, 2017–2025 (USD Million)
Table 12 Textiles: By Market Size, By Region, 2017–2025 (USD Million)
Table 13 Beverages: By Market Size, By Sub-Application, 2017–2025 (USD Million)
Table 14 Beverages: Market Size, By Region, 2017–2025 (USD Million)
Table 15 Personal Care Products: By Market Size, By Region, 2017–2025 (USD Million)
Table 16 Pharmaceuticals: By Market Size, By Region, 2017–2025 (USD Million)
Table 17 Others: By Market Size, By Region, 2017–2025 (USD Million)
Table 18 Market For Industrial Hemp Size, By Source, 2017–2025 (USD Million)
Table 19 Conventional IH Market Size, By Region, 2017–2025 (USD Million)
Table 20 Organic IH Market Size, By Region, 2017–2025 (USD Million)
Table 21 IH Market Size, By Region, 2017–2025 (USD Million)
Table 22 Market Size, By Region, 2017–2025 (Tons)
Table 23 North America: Industrial Hemp Market Size, By Country, 2017–2025 (USD Million)
Table 24 North America: Market Size, By Country, 2017–2025 (Tons)
Table 25 North America: Market Size, By Type, 2017–2025 (USD Million)
Table 26 North America: Hemp Fiber Market Size, By Country, 2017–2025 (USD Million)
Table 27 North America: Hemp Seed Market Size, By Country, 2017–2025 (USD Million)
Table 28 North America: Hemp Seed Oil Market Size, By Country, 2017–2025 (USD Million)
Table 29 North America: CBD Hemp Oil Market Size, By Country, 2017–2025 (USD Million)
Table 30 North America: Market Size, By Source, 2017–2025 (USD Million)
Table 31 North America: Market Size, By Application, 2017–2025 (USD Million)
Table 32 US: Market Size, By Type, 2017–2025 (USD Million)
Table 33 Canada:Market Size, By Type, 2017–2025 (USD Million)
Table 34 Mexico: Industrial Hemp Market Size, By Type, 2017–2025 (USD Thousand)
Table 35 Europe: Market Size, By Country, 2017–2025 (USD Million)
Table 36 Europe: Market Size, By Country, 2017–2025 (Tons)
Table 37 Europe: Market Size, By Type, 2017–2025 (USD Million)
Table 38 Europe: Hemp Seed Oil Market Size, By Country, 2017–2025 (USD Million)
Table 39 Europe: Hemp Seed Market Size, By Country, 2017–2025 (USD Million)
Table 40 Europe: Hemp Fiber Market Size, By Country, 2017–2025 (USD Million)
Table 41 Europe: CBD Hemp Oil Market Size, By Country, 2017–2025 (USD Million)
Table 42 Europe: By Market Size, By Application, 2017–2025 (USD Million)
Table 43 Europe: Market For Industrial Hemp Size, By Source, 2017–2025 (USD Million)
Table 44 Germany: Market Size, By Type, 2017–2025 (USD Million)
Table 45 France: Market For Industrial Hemp Size, By Type, 2017–2025 (USD Million)
Table 46 Spain: Market Size, By Type, 2017–2025 (USD Million)
Table 47 Italy: Market For Industrial Hemp Size, By Type, 2017–2025 (USD Million)
Table 48 Netherlands: Market Size, By Type, 2017–2025 (USD Million)
Table 49 Rest of Europe: Market Size, By Type, 2017–2025 (USD Million)
Table 50 Asia Pacific: IH Market Size, By Country/Region, 2017–2025 (USD Million)
Table 51 Asia Pacific: Market Size, By Country/Region, 2017–2025 (Ton)
Table 52 Asia Pacific: Market Size, By Type, 2017–2025 (USD Million)
Table 53 Asia Pacific: Hemp Fiber Market Size, By Country/Region, 2017–2025 (USD Million)
Table 54 Asia Pacific: Hemp Seed Market Size, By Country/Region, 2017–2025 (USD Million)
Table 55 Asia Pacific: Hemp Seed Oil Market Size, By Country/Region, 2017–2025 (USD Million)
Table 56 Asia Pacific: CBD Hemp Oil Market Size, By Country/Region, 2017–2025 (USD Million)
Table 57 Asia Pacific: Market Size, By Source, 2017–2025 (USD Million)
Table 58 Asia Pacific: Market For Industrial Hemp Size, By Application, 2017–2025 (USD Million)
Table 59 China: By Market Size, By Type, 2017–2025 (USD Million)
Table 60 Australia & New Zealand: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 61 Japan: By Market Size, By Type, 2017–2025 (USD Million)
Table 62 India:  Market Size, By Type, 2017–2025 (USD Million)
Table 63 Rest of Asia Pacific: By Market Size, By Type, 2017–2025 (USD Million)
Table 64 RoW: By Market Size, By Region, 2017–2025 (USD Million)
Table 65 RoW: Market Size, By Region, 2017–2025, By Volume (Tons)
Table 66 RoW: Market Size, By Type, 2017–2025 (USD Million)
Table 67 RoW: Hemp Seed Oil Market Size, By Region, 2017–2025 (USD Million)
Table 68 RoW: Hemp Seed Market Size, By Region, 2017–2025 (USD Million)
Table 69 RoW: Hemp Fiber Market Size, By Region, 2017–2025 (USD Million)
Table 70 RoW: CBD Hemp Oil Market Size, By Region, 2017–2025 (USD Million)
Table 71 RoW: By Market Size, By Source, 2017–2025 (USD Million)
Table 72 RoW: Market Size, By Application, 2017–2025 (USD Million)
Table 73 South America: By Market Size, By Type, 2017–2025 (USD Million)
Table 74 Middle East: By Market Size, By Type, 2017–2025 (USD Million)
Table 75 Africa: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 76 Expansions, 2014–2019
Table 77 Agreements, Joint Ventures, and Partnerships, 2014–2019


List of Figures (34 Figures)

Figure 1 Industrial Hemp Market Segmentation
Figure 2 Regions Covered
Figure 3 Research Design
Figure 4 Market For Industrial Hemp: Bottom-Up Approach
Figure 5 Market For Industrial Hemp: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Market For Industrial Hemp Size, By Type, 2019 vs. 2025 (USD Million)
Figure 8 Market Size, By Application, 2019 vs. 2025 (USD Million)
Figure 9 Market For Industrial Hemp Size, By Source, 2019 vs. 2025 (USD Million)
Figure 10 Market For Industrial Hemp Share (Value), By Region, 2018
Figure 11 Increase in Legalization of Hemp Cultivation and Projected Boost in Consumption of Hemp in Various Industrial Applications
Figure 12 Germany is Projected to Grow At the Highest Cagr During the Forecast Period
Figure 13 China Accounted for the Largest Share in the Asia Pacific Market and Hemp Fiber Dominated, on the Basis of Type, in 2018
Figure 14 Asia Pacific Dominates the Estimated Market and Europe is Projected to Dominate the Market for Industrial Hemp Across All Type Segments
Figure 15 The Market for Industrial Hemp in Food Applications is Projected to Dominate During the Forecast Period
Figure 16 Asia Pacific Dominated the Conventional Source of Hemp in 2018
Figure 17 Market For Industrial Hemp Dynamics
Figure 18 Market For Industrial Hemp: Value Chain
Figure 19 US Industrial Hemp Regulatory Overview
Figure 20 Market For Industrial Hemp Share, By Type, 2019 vs. 2025 (By Value)
Figure 21 Market For Industrial Hemp Share, By Application, 2019 vs. 2025 (By Value)
Figure 22 Market For Industrial Hemp Share, By Source, 2019 vs. 2025 (By Value)
Figure 23 Market For Industrial Hemp Share (By Value), By Key Country, 2018
Figure 24 Europe: Market For Industrial Hemp Snapshot
Figure 25 Asia Pacific: Market For Industrial Hemp Snapshot
Figure 26 Industrial Hemp Market: Competitive Leadership Mapping, 2018
Figure 27 Industrial Hemp Startup Market: Competitive Leadership Mapping, 2018
Figure 28 Prominent Market Players in Different Regions
Figure 29 Hempco: Company Snapshot
Figure 30 Hempco: SWOT Analysis
Figure 31 Ecofibre: Company Snapshot
Figure 32 Ecofibre: SWOT Analysis
Figure 33 Hemp Inc: Company Snapshot
Figure 34 Hemp Inc.: SWOT Analysis

The study involved four major activities in estimating the current market size of the industrial hemp market. Exhaustive secondary research was done to collect information on the market as well as the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to, to identify and collect information for this study. These secondary sources included reports from the Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), Food and Drug Administration (FDA), European Food Safety Authority (EFSA), Canadian Hemp Trade Alliance (CHTA), National Hemp Association (NHA), and United States Department of Agriculture (USDA). The secondary sources also included annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and databases.

Secondary research was mainly conducted to obtain key information about the industry’s supply chain, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level, and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The overall market comprises several stakeholders in the supply chain, which include hemp growers and hemp seed manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of the food, beverage, textile, personal care, and pharmaceutical industries. The primary sources from the supply side include research institutions involved in R&D, key opinion leaders, and hemp seeds and fiber processing companies.

Industrial Hemp Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the global market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players were identified through extensive secondary research.
  • The industrial hemp market size, in terms of value, were determined through primary and secondary research.
  • All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to estimate the global market and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • Determining and projecting the size of the industrial hemp market, with respect to type, application, source, and regional markets, over six years ranging from 2019 to 2025
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micro-markets, with respect to individual growth trends, future prospects, and their contribution to the total market
  • Identifying and profiling the key market players in this market
  • Providing a comparative analysis of the market leaders based on the following parameters:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the value chain, products, and regulatory frameworks across key regions and their impact on the prominent market players
  • Providing insights into key product innovations and investments in the industrial hemp market

Geographical Analysis

  • Further breakdown of the Rest of Europe industrial hemp market, by key country
  • Further breakdown of the industrial hemp market for food application by region

Company Information

  • Analyses and profiling of additional market players (up to five)
Industrial Hemp Market Size,  Share & Growth Report
Report Code
FB 7182
Published ON
Jun, 2019
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