Industrial Hemp Market Share Projections: CAGR of 16.9% Envisions Market Size of USD 14.84 Billion by 2030

Exactitude Consultancy has published a new research report on "Industrial Hemp Market Size 2024". The report explores comprehensive and perceptive Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development prestige.

The Industrial Hemp Market is expected to grow at 16.9% CAGR from 2024 to 2030. It is expected to reach above USD 14.84 Billion by 2030 from USD 3.64 Billion in 2023. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market".

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Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the Global Industrial Hemp Market include Green Thumb Industries Inc., Curaleaf Holdings, Inc., Cronos Group Inc., Ecofibre Limited, GenCanna, HempFlax BV, Konoplex Group, Hemp Oil Canada, BAFA, Dun Agro Hemp Group and others…

Market Segmentation 2024 to 2032

Industrial Hemp Market By Type, 2020-2030, (USD Billion), (Kilotons)

Hemp Seed

Hemp Seed Oil

Cbd Hemp Oil

Hemp Bast

Hemp Hurds

Industrial Hemp Market By Source, 2020-2030, (USD Billion), (Kilotons)

Conventional

Organic

Industrial Hemp Market By Application, 2020-2030, (USD Billion), (Kilotons)

Food & Beverages

Textiles

Pharmaceuticals

Personal Care Products

Animal Nutrition

Paper

Construction Materials

Other Applications

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

• North America (United States, Mexico & Canada)

• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).