Hemp Derivatives Market Size Report 2021 – Rapid Growth, Application Scope And Opportunities By 2027
Overview:
The global market of hemp derivatives is all
set to gain back up from several end user industries that would ensure a growth
rate of 30% during the forecast period (2019-2025), with which the market would
reach a valuation of USD 17 billion in the coming years. Market Research Future
(MRFR) claims that its growing use in the pharmaceutical sector and the
personal care segment may inspire the market growth track. The food &
beverage industries and hike in investment for the research and development sector
can also influence the market movements.
Industry
News:
In February 2020, researchers revealed that
hemp derivatives are playing a crucial role in calming a horse in distress.
This could increase the intake of such products in the equestrian industry.
In February 2020, Apple Rush launched a new
beverage that has element C extract in it. This is expected to give the company
a much-needed boost in the coming years in terms of expansion of the product
portfolio and hike in the revenue.
Regional
Analysis:
Regions involved in the Hemp
Derivatives Market Size are banking on the growth pockets and
overcoming of the demographic hurdles. The report has its focus on factors that
has a substantial impact on shaping the regional market and this can be used to
build up a proper strategy during the forecast period.
North America is moving ahead as countries
like the US, Canada, and others are showing significant progress in the production
of the hemp derivatives. Several states in the US are legalizing the product to
profit from its use in several segments. In Europe, the market is the largest
and several countries have legalized both recreational and medical derivatives.
The Netherlands is emerging as one of the successful countries in controlling
the needs of the market.
In the Asia Pacific region, this growth is
getting a boost from its growing use in countries like India, China, Japan, and
others. China is emerging as a top exporter in the world and Europe is its
major client.
Segmentation:
The global market report on the hemp
derivatives includes segments like type and application to understand the
market movement and effects of various factors on the growth. Such a prolific understanding
of the market would help in developing better strategies for the market.
By type, the global market report on the hemp
derivatives can be segmented into hemp oil, hemp-derived CBD oil, hemp fiber,
and others. The hemp-derived CBD oil is one of the fastest-growing segments,
whereas, the hemp fiber market has registered the largest market share.
By application, the report containing details
of the Hemp Derivatives Market Size includes segments like food & beverage,
pharmaceuticals, personal care, industrial, and others. The food & beverage
segment would record the fastest growth rate. The industrial segment has the
largest market share.
Browse
Full Report Details @ https://www.marketresearchfuture.com/reports/hemp-derivatives-market-8424
Competitive
Landscape:
The
global Hemp Derivatives Market Size is all set to benefit from the strategic
moves introduced by several companies who are keen on exploring possibilities
in the Hemp Derivatives Market Size. These hemp derivatives are known for their
contributions in several sectors and the companies involved in the market are
exploring this idea to expand their business in several industries. These
companies are Dutch Hemp Group (Netherlands), Ecofibre (Australia), Hemp Oil
Canada (Canada), GenCanna Global USA, Inc. (US), Canopy Growth Corporation
(Canada), Konoplex LLC (Russia), MH Medical Hemp GmbH (Germany), HemPoland
(Poland), Bafa Neu GmbH (Germany), Hempco Inc. (Canada), HempFlax Group B.V.
(Netherlands), and Colorado Hemp Works, LLC (US).
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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