North America Hemp Market: Share, Size, Growth, Opportunity and Forecast 2021-2026
According to the latest report by IMARC Group, titled “North America Hemp Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the north america hemp market expected to grow at a CAGR of around 18% during 2021-2026.
Hemp
is a small, brown oilseed obtained from the Cannabis Sativa plant. It is rich
in healthy fats, proteins, minerals, fibers and antioxidants. It is commonly
used to enhance metabolism, boost immunity, reduce anxiety, and treat chronic
pain. Consequently, it finds application in the production of pharmaceuticals,
nutritional supplements, cosmetics, and food and beverages across the North
American region.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
North America Hemp Market Trends:
At present, there is a significant rise in
the prevalence of cancer in the North American region. This, in confluence with
the increasing awareness among individuals about the nutritional benefits of
hemp, is catalyzing the demand for hemp-based products. These products assist
in relieving chemotherapy-induced nausea, fatigue and chronic pain in cancer
patients. Apart from this, due to the growing vegan food trends, there is a
considerable rise in the demand for plant-sourced alternatives, such as
hemp-based vegan meat and hemp milk, across the region. The market is further
influenced by the introduction of ready-to-eat (RTE) product variants, such as
hemp-based cereals, smoothies, bars and yogurt.
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North America Hemp Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report
with the detailed profiles of the key players operating in the market.
BaFa Neu GmbH(Planete
Chanvre), Dun Agro Hemp Group, Ecofibre, Gencanna, Hemp Inc., Hemp Oil Canada,
Hempflax BV(Hempflax Group BV), Konoplex Group, Marijuana Company of America
Inc. and U.S. HempCo.
The report has segmented the market on the basis on region, disc type,
material type and end user.
Breakup by Product Type:
·
Hemp Seed
·
Hemp Seed Oil
·
CBD Hemp Oil
·
Others
Breakup by Application:
· Food
o
Snacks and Cereals
o
Soup, sauces, and seasonings
o
Bakery
o
Dairy and frozen desserts
o Others (cold cereals, pasta, chocolate spreads, pet food)
· Beverages
o
Hot Beverages
o
Sports and Energy Drinks
o
Ready-to-Drink
o Others (Meal Replacement Drinks, Beverage Mixes, Beverage Concentrates, Juice Drinks)
- Textiles
- Pharmaceuticals
- Personal Care Products
- Others (Paper, Automobiles, Construction
and Materials, Furniture, etc.)
Breakup by Source:
·
Organic
·
Conventional
Breakup by Country:
·
United States
·
Canada
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List of Figure: https://www.imarcgroup.com/north-america-hemp-market
Key highlights of the report:
- Market
Performance (2015-2020)
- Market
Outlook (2021- 2026)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope
of the report, we can provide it to you as a part of the customization.
If you want latest primary and secondary data (2021-2026) with Cost
Module, Business Strategy, Distribution Channel, etc. Click request free sample
report, published report will be delivered to you in PDF format via email
within 24 to 48 hours of receiving full payment.
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beverage, travel and tourism, nanotechnology and novel processing methods are
at the top of the company’s expertise.
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