Hemp Market Report 2023 (Global Edition)

Companies:	Ecofibre , Hemp Inc. , HempFlax Group B.V. , Konoplex Group , Hemp Oil Canada , HemPoland , Dun Agro Hemp Group , Colorado Hemp Works , GenCanna , MH Medical Hemp
Type:	Hemp Seed , Hemp Oil , Hemp Fiber , CBD Hemp Oil
Application:	Food , Textiles , Beverages , Personal Care Products , Pharmaceuticals , Others
Source:	Conventional , Organic
Farm:	Outdoor , Indoor
The base year for the calculation is 2023 and 2018 to 2022 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. Last Updated: 2023-05-09T02:40:35 SKU: CMR186926 Number of Pages: 250+ PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. Report Format: PDF \| PPT \| Excel \| Word \| Bi Rating: 4.8 Review: 5

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Key Insights from Hemp Market Report

As per Cognitive Market Research's latest published report, the Global Hemp market size will be $19.37 Billion by 2030. Hemp Industry's Compound Annual Growth Rate will be 22.63% from 2023 to 2030.

Hemp Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!

Hemp Market Report Description

Hemp belongs to a botanical class of Cannabis sativa, which is cultivated specifically for commercial or industrial purpose. Hence, it is also known as industrial hemp. Hemp appeared as a stout, aromatic, erect annual herb. Its cultivation practice though varies according to its intended use. Hemp is cultivated particularly for the industrial uses of the products that can be derived from its fibre, seeds, and flower.

According to a European Commission report, the carbon sequestering properties of hemp are remarkable. It has been observed that in just five months, one hectare (2.5 acres) of hemp can trap between 9 and 15 tonnes of carbon dioxide. Hence, as per our analysis, hemp is making a comeback in the construction industry.

Timelines can be altered (extra years data or less years data) as per the data needs

Report Timeline and Details

Base Year	2022
Historical Data Time Period	2018-2022
Forecast Period	2023-2030
Report Edition	7th Edition (2023)
Last Update	Last Updated In March 2023
Next Report Edition	June 2023 (Pre-Booking Available)
Market Forecast/Projection Time Period	2023-2030
Report Format	PDF \| PPT \| Excel \| Word \| Bi
Report ID	CMR186926

Report scope is customizable as we have a huge database of Hemp industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Wide array of applications associated with hemp:
Hemp is considered as one of the most versatile and sustainable crops since every part of the plant can be used for one or more purposes. For decades, hemp has been grown to make everything from building materials to textiles. Its wide-reaching growth potential is now beginning to be embraced and utilized.

Building & Construction industry is particularly creating a positive impact and this industry is expected to grow above global gross domestic product (GDP) growth over the next decade. The building and construction sectors are some of the largest sectors in the world economy. The continuous economic growth in various emerging and developed countries is adding lucrative financing deals with low-interest rates, which is anticipated to boost the revenues of the residential building sector.

However, sector like construction is now looking something for more sustainable alternatives to lessen their environmental impact. For instance, hemp has great thermal, structural and moisture-handling properties, and can be used for roof, wall or slab insulation, which has led to the use of hemp to replace fiberglass insulation. Hence, advantages of hemp over traditional concrete is driving the growth of hemp market.

Current Trends on Hemp:

Revitalizing of Hemp:

In the last few years, more and more hemp products find their way to the market. Additionally, millions are invested in the research for this product. Companies are constantly discovering products made from hemp for themselves – from cosmetics to jeans to beer. For instance, between year 2012 to 2017, more than 200 hemp-derived foods were introduced to the market. Seeds of hemp are considered of having high nutritional value and recent studies on hemp is attracting large chunk of consumers especially those who are suffering from celiac disease (CeD) and lactose intolerance, as well as vegans and athletes. The production of hemp seeds has thus increased and they have become a product with an important and growing market.

Moreover, in year 2023, hemp health products will be on the rise. This includes: massage oils, lotions, capsules, pet health products, and many others. Besides, its legalization in almost countries is done. Thus, increasing legalization and deregulation of hemp cultivation in various countries is driving the exponential growth of hemp market.

Hemp Market Report 2023 (Global Edition) Table of Content differs according to the user License selection. Current Displayed TOC is for the Single User License Report Edition. TOC Customization options: Add or Remove section/s Or chapter/s from the report. Specific section/s of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

This chapter helps you to understand the importance of report and how we designed the report scope of Hemp market. As per your requirement we can also design the market scope as a customised report.

Chapter 1 Industrial Insight and Market Scope

1.1 Global Hemp Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
- 1.5.1 Hemp Market Segmentation
- 1.5.1 Hemp Market Regional Fragmentation
- 1.5.1 Hemp Market Players
1.6 Report Duration
1.7 List of Stakeholders

This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.

Chapter 2 Research Methodology Review Complete Research Methodology

2.1 Hemp Market Report 2023 Research Methodology
2.2 Systematic Research Approach
- 2.2.1 Primary Research
  - 2.2.1.1 Key Data from Primary
  - 2.2.1.2 Primary Interviews with Experts
  - 2.2.1.3 Key Industry Insights
  - 2.2.1.4 Questionnaire
    
    At Cognitive Market Research, we have designed questionnaire focused on Hemp Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Hemp industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
  - 2.2.1.5 Breakdown of Primaries
- 2.2.2 Secondary Research
  - 2.2.2.1 Key Data from Secondary
  - 2.2.2.2 Paid Sources
  - 2.2.2.3 Public Sources
2.3 Market Size Estimation
- 2.3.1 Top-Down Approach
  - 2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
- 2.3.1 Bottom-UP Approach
  - 2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

The executive summary is an overview of a Hemp Market Report. In this chapter we have summarized the overall report data in snapshot format.

Chapter 3 Executive Summary of Hemp Market

3.1 Global Hemp Market Size 2018 – 2030, (USD Million)
3.2 Global Hemp Value, Absolute & Opportunity Analysis
3.3 Global Hemp Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
3.4 Global Hemp Market Statistics 2022: Snapshot

This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.

Chapter 4 Global Hemp Market Overview

4.1 Hemp Introduction
4.2 Global Hemp Market Statistics by Regions (2018-2030)
- 4.2.1 North America Hemp Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.2 Europe Hemp Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.3 Asia Pacific Hemp Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.4 Latin America Hemp Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.5 Middle East and Africa Hemp Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
4.3 Global Hemp Market Size (2018-2030)
- 4.3.1 Global Hemp Revenue Status and Outlook (2018-2030)
4.4 Global Hemp Market Price Analysis by Regions (2018-2030)

This chapter covers a competitive analysis of the global Hemp market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.

Chapter 5 Competitive Analysis (Subject to Availability)

5.1 Global Hemp Market Revenue and Share by Manufacturers (2018-2022)
5.2 Global Hemp Industry Mergers and Acquisition Analysis
5.3 Global Hemp New Launches Analysis
5.4 Company Categorization
5.5 Global Hemp Top Winning Strategies, by Manufacturers (2018-2022)

ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.

Chapter 6 Environmental, Social, and Governance (ESG) Analysis

6.1 Overall Company’s Disclosure Score

This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.

Chapter 7 Qualitative Analysis

7.1 Hemp Industrial Dynamics
- 7.1.1 Global Hemp Market Drivers
- 7.1.2 Global Hemp Market Restrains
- 7.1.3 Global Hemp Market Opportunities
- 7.1.4 Global Hemp Market Trends
7.2 Hemp Market Attractiveness Analysis
- 7.1.1 Market Attractiveness Analysis by Type Segment
- 7.1.2 Market Attractiveness Analysis by Application Segment
7.3 PESTEL Analysis for Hemp Market
- 7.3.1 Political Factors
- 7.3.2 Economic Factors
- 7.3.3 Social Factors
- 7.3.4 Technological Factors
- 7.3.5 Legal Factors
- 7.3.6 Environmental Factors
7.4 Porter’s Five Forces Analysis for Hemp Market
- 7.4.1 Bargaining Power of Suppliers
- 7.4.2 Bargaining Power of Buyers
- 7.4.3 Threat of Substitutes
- 7.4.4 Threat of New Entrants
- 7.4.5 Degree of Competition
7.5 COVID-19 Impact on Hemp Industry
- 7.4.1 Overall Impact of COVID-19 on Hemp Industry
- 7.4.2 Post COVID-19 Impact and Recovery Analysis
- 7.4.3 Influencing Factors
7.6 Consumer Preference Analysis for Hemp Market
7.7 Patent Analysis of Hemp
7.8 Hemp Industrial Chain Analysis
7.9 Manufacturing Cost Analysis

This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.

Chapter 8 Company Profiling (Subject to Availability)

This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.

Chapter 9 Global Hemp Market by Type Segmentation Analysis (2018-2030)

9.1 Detailed Qualitative Analysis
9.2 Global Hemp Revenue and Share (%) by Type (2018-2030)
- 9.2.1 Hemp Seed Market Size
  - 9.2.1.1 Global Hemp Seed Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.1.2 Hemp Market for Hemp Seed , by Country (2021 Vs 2024)
- 9.2.2 Hemp Oil Market Size
  - 9.2.2.1 Global Hemp Oil Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.2.2 Hemp Market for Hemp Oil , by Country (2021 Vs 2024)
- 9.2.3 Hemp Fiber Market Size
  - 9.2.3.1 Global Hemp Fiber Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.3.2 Hemp Market for Hemp Fiber , by Country (2021 Vs 2024)
- 9.2.4 CBD Hemp Oil Market Size
  - 9.2.4.1 Global CBD Hemp Oil Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.4.2 Hemp Market for CBD Hemp Oil, by Country (2021 Vs 2024)

Chapter 10 Global Hemp Market by Application Segmentation Analysis (2018-2030)

10.1 Detailed Qualitative Analysis
10.2 Global Hemp Revenue and Share (%) by Application (2018-2030)
- 10.2.1 Food Market Size
  - 10.2.1.1 Global Food Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.1.2 Hemp Market for Food , by Country (2021 Vs 2024)
- 10.2.2 Textiles Market Size
  - 10.2.2.1 Global Textiles Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.2.2 Hemp Market for Textiles , by Country (2021 Vs 2024)
- 10.2.3 Beverages Market Size
  - 10.2.3.1 Global Beverages Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.3.2 Hemp Market for Beverages , by Country (2021 Vs 2024)
- 10.2.4 Personal Care Products Market Size
  - 10.2.4.1 Global Personal Care Products Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.4.2 Hemp Market for Personal Care Products , by Country (2021 Vs 2024)
- 10.2.5 Pharmaceuticals Market Size
  - 10.2.5.1 Global Pharmaceuticals Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.5.2 Hemp Market for Pharmaceuticals , by Country (2021 Vs 2024)
- 10.2.6 Others Market Size
  - 10.2.6.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.6.2 Hemp Market for Others, by Country (2021 Vs 2024)

Chapter 11 Global Hemp Market by Source Segmentation Analysis (2018-2030)

11.1 Detailed Qualitative Analysis
11.2 Global Hemp Revenue and Share (%) by Source (2018-2030)
- 11.2.1 Conventional Market Size
  - 11.2.1.1 Global Conventional Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.1.2 Hemp Market for Conventional , by Country (2021 Vs 2024)
- 11.2.2 Organic Market Size
  - 11.2.2.1 Global Organic Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.2.2 Hemp Market for Organic, by Country (2021 Vs 2024)

Chapter 12 Global Hemp Market by Farm Segmentation Analysis (2018-2030)

12.1 Detailed Qualitative Analysis
12.2 Global Hemp Revenue and Share (%) by Farm (2018-2030)
- 12.2.1 Outdoor Market Size
  - 12.2.1.1 Global Outdoor Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.1.2 Hemp Market for Outdoor , by Country (2021 Vs 2024)
- 12.2.2 Indoor Market Size
  - 12.2.2.1 Global Indoor Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.2.2 Hemp Market for Indoor, by Country (2021 Vs 2024)

This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.

Chapter 13 Global Hemp Market Regional Analysis

13.1 Detailed Qualitative Analysis
13.2 Global Hemp Market Revenue by Region (2018-2030)
13.2 Global Hemp Market Share (%) by Region (2018-2030)

Chapter 14 North America Hemp Market Outlook (2018 - 2030)

Chapter 15 Europe Hemp Market Outlook (2018 - 2030)

Chapter 16 Asia Pacific Hemp Market Outlook (2018 - 2030)

Chapter 17 Latin America Hemp Market Outlook (2018 - 2030)

Chapter 18 Middle East and Africa Hemp Market Outlook (2018 - 2030)

This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hemp market

Chapter 19 Research Findings

19.1 Key Takeaways
19.2 Analyst Point of View

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Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

Segmentation Level Customization	Additional Segments and Sub Segment Cross-split Segments of Hemp Additional Countries Granular data
Global level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Region level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Country level Data Customization	Sales Volume Production Production Capacity Segment Analysis on Country level is also available (On request) Pricing Analysis of Product
Company Level	Company Market Share on Regional Level/ Country Level Company Sales Volume Company Production Volume Company Production Capacity Company Specific Distributors Manufacturing Process by different manufacturers Global/ Regional/ Country level Major Distributors Additional Competitors Analysis of your choice Tier 1 tier 2 tier 3 start ups.... Manufacturers Market Concentration Ratio Industry benchmarking
Additional Data Analysis	Surveys/polls Value Chain Analysis Raw Material Analysis Price Trend Analysis Supplier/Distributor List Market Economic Supply Demand Gap Analysis Customer Sentiment Analysis Stock Price Prediction Analysis Stock Performance Correlation Analysis Patent Analysis Technology Development Analysis Merger and Acquistion Consulting Top Winning Strategies / Strategic Benchmarkeing Heat Map Analysis ESG Analysis Product life cycle Customer buying behavior and decision-making process Marketing Mix Analysis Product Launch Strategy Building
Additional Qualitative Data	Pipeline Products Market Trends Industry Events and Developments Sales Key Indicators Risk Analysis Regulatory Landscape Customer Sentiment Analysis R&D landscape Market Entry / Exit Consulting Identifying New Application/End Use
Additional Quantitative Data	Import Data Export Data Quarterly Revenue (Q1,Q2,Q3,Q4) Forecast Period Extension: 2023 to 2033 Historical Period Data Available: 2011 to 2022 IPO prospectus
Service Level Customization	Quarterly Report Updates (Q1,Q2,Q3,Q4) Annual Report Updates (Subscribe 1/2/3/4/...Years) Exclusive Report Delivery (NDA) Dedicated Research Analyst Support (Email, Calls, Interview) Data Support (Unlimited Time Period) Hemp Database Subscription (Full Access)
Report Format Alteration	Quarterly Revenue (Q1,Q2,Q3,Q4) Revenue in USD ($)/Euro (€)/Pound (£)/Yen (¥)/etc Translation Rights and Multi Language Report Editions Average FOB Price/Average Selling Price

We have various report editions of Hemp Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Hemp Market Analysis

Global Hemp Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hemp Industry growth. Hemp market has been segmented with the help of its Type, Application Source, and others. Hemp market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Hemp industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Hemp Seed with Application, Source, additional country analysis, volume/consumption data, etc.

Hemp Market Report Scope

Major Type Analysed	Hemp Seed Hemp Oil Hemp Fiber CBD Hemp Oil
Major Application Analysed	Food Textiles Beverages Personal Care Products Pharmaceuticals Others
Major Source Analysed	Conventional , Organic
Major Farm Analysed	Outdoor , Indoor
Top Manufacturers Disclosed	Ecofibre Hemp Inc. HempFlax Group B.V. Konoplex Group Hemp Oil Canada HemPoland Dun Agro Hemp Group Colorado Hemp Works GenCanna MH Medical Hemp Confidential Data Access The Paid Version Data Hidden List of 2nd tier, 3rd tier and new players (data available) Please Note: Not all players are disclosed \| Listed In No particular Order due to Data Confidentiality
Global, Regional and Country Analysis	North America (United States, Canada, Mexico) Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium) Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC) South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America) Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Key Qualitative Information Covered	Drivers Restraints Opportunities COVID-19 Impact Analysis Key Trends Technological Advancement

In terms of revenue, Seed was the leading segment with 32.17% share of total Hemp market in 2022

Hemp seed held maximum share in the hemp market as it is gaining lot of attraction in the food and nutraceutical markets because of its high nutritional values. Further, it is used in lotions, shampoos, soaps, bath gels, and cosmetics which is propelling its growth. Hemp seeds are also used in the production of oil, which is consumed in the personal care, food & beverages, and animal feed industries.

Hemp Market Share (%) by Type in 2018-2030

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hemp Industry. Request a Free Sample PDF!

In terms of revenue, Textile was the leading segment with 28.14% share of total Hemp market in 2022

In terms of application, textile segment dominates the market by revenue. This can be accredited as it is commonly used in making of t-shirts, dresses, hoodies, underwear, socks, other forms of apparel, and household textiles.

However, use of hemp in construction industry is rising at a pace which will stimulate the growth of hemp market in near future.

Hemp Market Share (%) by Application in 2018-2030

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Hemp market report 2023 Edition by contacting our team.

Hemp Source Segment Analysis

In terms of revenue, Conventional was the leading segment with 69.74% share of total Hemp market in 2022

Conventional
Organic

Hemp Farm Segment Analysis

Outdoor
Indoor

Asia Pacific was the dominated region with 34.18% of total revenue market share in 2022.

The Asia Pacific Hemp Market dominates overall market:
Asia Pacific region accounts for maximum share in the hemp market. This is because of the active involvement of countries like China, India, Japan, Korea, Australia, New Zealand, and Thailand in the production of industrial hemp. China is considered the birthplace of hemp and has notoriously dominated the hemp market for years. Today, this country produces the largest amount of commercial hemp annually and remains the world's largest exporter of hemp paper, textiles and bio composites.

North America shows highest growth rate in hemp market during the forecast period owing to the gradual relaxation of laws surrounding the cultivation, processing, and production of hemp products.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

North America (United States, Canada, Mexico)
Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Hemp Market Share (%) by Region (2018-2030)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Recent Developments:
- December 2021
Marijuana Company of America, Inc. has acquired VBF Brands Inc.:
Marijuana Company of America, Inc. has acquired VBF Brands Inc. in order to expand their footprint in California’s growing cannabis grower market.
- February 2023
More than $35 million has been granted to five hemp-specific projects under the U.S. Department of Agriculture’s “Partnerships for Climate-Smart Commodities” program.

- January 2023
Scottish bank has raised investment in hemp insulation maker to £5 million:
The Scottish National Investment Bank has boosted its investment in an Edinburgh company that makes hemp fiber-based insulation for the construction industry.
- January 2023
Argentina is going to put $106 million into research of hemp, medical cannabis
Argentina’s Ministry of Science has announced an investment of $106 million in 13 research and development projects in hemp and cannabis across six provinces.
- January 2023
Google has opened door and will allow the advertising of hemp and topical CBD products in California, Colorado and Puerto Rico under an update to its policies on “Dangerous Products and Services and Healthcare and Medicines.”

Top Companies Market Share in Hemp Industry: (In no particular order of Rank)

Ecofibre
Hemp Inc.
HempFlax Group B.V.
Konoplex Group
Hemp Oil Canada
HemPoland
Dun Agro Hemp Group
Colorado Hemp Works
GenCanna
MH Medical Hemp
Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables..

Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Hemp Market is witnessing significant growth in the near future.

In 2022, the Hemp Seed segment accounted for noticeable share of global Hemp Market and is projected to experience significant growth in the near future.

The Food segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Ecofibre , HempFlax Group B.V. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

Author's Detail

Surabhi Bhaiyya, LinkedIn

Senior Research Analyst at Cognitive Market Research

Surabhi Bhaiyya is an experienced market researcher focused on the Pharma & Healthcare industry. With over 7+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry. To get in touch and access the above report book an apointment at https://calendly.com/speak-to-analyst.

Research Methodology Implemented by Author

1.1 Primary Research for Hemp Market
- 1.1.1 Modes of Primary Research:
1.2 Secondary Research for Hemp Market
1.3 Market Estimation for Hemp Market
1.4 Data Triangulation for Hemp Market
1.5 Questionnaire for Hemp Market

Preview Full Research Methodology

Key Questions Answered By Hemp Market Report 2023

Why Hemp Seed have a significant impact on Hemp market?

What are the key factors affecting the Hemp Seed and Hemp Oil of Hemp Market?

What is the CAGR/Growth Rate of Food during the forecast period?

By type, which segment accounted for largest share of the global Hemp Market?

Which region is expected to dominate the global Hemp Market within the forecast period?

Frequently Asked Questions (FAQs)

What are the major factors influencing growth of Hemp?

Response: Wide array of applications associated with hemp drives the growth of market across the globe.

Which region has gained highest market share across the globe?

Response: Asia Pacific is dominating the Hemp market in year 2022.

What market research methods have been used to analyze complete market size?

Response: Study involved in-depth qualitative and quantitative analyses of the market. Moreover, research study involves the use of secondary sources and databases such as key companies’ annual reports, paid & public database, Bloomberg, and Factiva to identify and collect information useful for a technical and market-oriented study of the global hemp market. market value evaluation is done by using top-down as well as bottom-up analysis.

Does the study include an examination of the COVID-19 impacts?

Response: Yes, the report includes a COVID-19 impact analysis.

What is the study period of this market?

The report has been analyzed from year 2018 to 2030 in which • 2018-2022: Historic Period • 2022: Base Year • 2023-2030: Forecast Period