Hemp Derivatives Market Share Report 2021-2027: Poor Demand in Underdeveloped Countries & High Growth Potential in Emerging Markets
Hemp Derivatives Market Share The Global Hemp Derivatives Market Share is expected to cross USD 17 Billion by 2025 at a CAGR of 30.0% during the forecast period of 2019 to 2025 . The global market is expected to be lucrative for the active vendors owing to the rising use of hemp derivatives in animal feed, biofuel, and bioplastics, among others. Market players are investing in R&D and introducing pet food products such as pet treats made from hemp. For instance, in September 2018 , EastWest Bioscience, a Canadian hemp-based products manufacturer, launched the hemp-based pet products brand Natural Pet Science to cater to the rising demand for health-conscious pet treats. Additionally, the legalization of hemp in several countries has propelled market players to invest in the market and expand their presence across the globe. Key Players of Hemp Derivatives Market : Hemp Oil Canada (Canada) GenCanna Glob...