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Published: Feb, 2020 | Pages:
122 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)
The global industrial hemp market size is expected to reach USD 15.26 billion by 2027, exhibiting a revenue-based CAGR of 15.8% over the forecast period, according to a new report published by Grand View Research, Inc.Growing preference for eco-friendly products in thermal insulation, coupled with rising use of the product as fiberglass alternative is expected to drive the growth. Rising consumer preference for green buildings owing to increasing environment pollution is expected to drive the demand for hemp-based construction materials in the forthcoming years. In addition, rising consumption of hempcretes-a concrete made from shives and lime-in Europe is expected to further propel the demand for industrial hemp over the forecast period. Factors, such as rising awareness regarding the dietary advantages of hempseed and oil, coupled with growing demand from the cosmetics and personal care industries for production of soaps, shampoo, bath gels, and other such products is expected to drive the growth. In addition, use of hemp oil in hand and body lotions and UV skin protectors owing to the high and well-balanced fatty acid content of hemp, is expected to surge the demand. The market growth is expected to be driven by the factors, such as population growth, coupled with rising per capita disposable income leading to an increased demand for high-quality cosmetics and personal care products. In addition, rise in application scope for hemp in automotive industry is expected to drive the growth of the industrial hemp market. Further key findings from the report suggest: • Seeds segment accounted for 27.3% of the value share in 2019 owing to extensive application of the product in pharmaceuticals, nutritional supplements and other medicinal and therapeutic products • The demand for industrial hemp in personal care industry is expected to expand at a CAGR of 18.8% in terms of revenue from 2020 to 2027 as it reduces skin discomfort by soothing and restoring dry or damaged skin • Animal care industry accounted for 14.9% of revenue share in 2019 owing to the growing consumption of hemp shives and leaves in animal bedding due to its low dust properties which makes it highly beneficial for animals facing respiratory issues • The North America industrial hemp market is expected to expand at a CAGR of 20.4% from 2020 to 2027 in terms of value owing to the legalization of hemp production coupled with the rising demand in the food and supplements, cosmetics, and personal care industries • Parkland Industrial Hemp Growers Cooperative Ltd. and Terra Tech Crop are some of the major players in the market involved in R&D activities to develop different varieties of industrial hemp
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Chapter 3. Industrial Hemp Market Variables, Trends & Scope 3.1. Industrial Hemp - Market Segmentation 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.4. Manufacturing Process 3.5. Regulatory Framework 3.6. Industrial Hemp - Market Dynamics 3.6.1. Market Driver Analysis 3.6.2. Market Restraint Analysis 3.6.3. Industry Challenges 3.7. Business Environment Analysis: Industrial Hemp Market 3.7.1. Porter's Analysis 3.7.1.1. Supplier Power 3.7.1.2. Buyer Power 3.7.1.3. Substitution Threat 3.7.1.4. Threat from New Entrant 3.7.1.5. Competitive Rivalry 3.7.2. PESTEL Analysis 3.7.2.1. Political Landscape 3.7.2.2. Environmental Landscape 3.7.2.3. Social Landscape 3.7.2.4. Technology Landscape 3.7.2.5. Economic Landscape 3.7.2.6. Legal Landscape Chapter 4. Industrial Hemp Market: Product Estimates & Trend Analysis 4.1. Industrial Hemp Market: Product Movement Analysis, 2019 & 2027 4.2. Seeds 4.2.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 4.3. Fiber 4.3.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 4.4. Shives 4.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) Chapter 5. Industrial Hemp Market: Application Estimates & Trend Analysis 5.1. Industrial Hemp Market: Application Movement Analysis, 2019 & 2027 5.2. Animal Care 5.2.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.3. Textiles 5.3.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.4. Automotive 5.4.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.5. Furniture 5.5.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.6. Food & Beverages 5.6.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.7. Paper 5.7.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.8. Construction Materials 5.8.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.9. Personal Care 5.9.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) 5.10. Others 5.10.1. Market Estimates and Forecasts, 2016 - 2027 (Tons) (USD Million) Chapter 6. Industrial Hemp Market: Regional Estimates & Trend Analysis 6.1. Industrial Hemp Market: Regional Movement Analysis, 2016 & 2027 6.2. North America 6.2.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.2.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.2.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.2.4. The U.S. 6.2.4.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.2.4.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.2.4.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.2.5. Canada 6.2.5.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.2.5.2. Market Estimates And Forecasts, by product, 2016 - 2027 (Tons) (USD Million) 6.2.5.3. Market Estimates And Forecasts, by application, 2016 - 2027 (Tons) (USD Million) 6.3. Europe 6.3.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.3.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.3.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.3.4. U.K. 6.3.4.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.3.4.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.3.4.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.3.5. Germany 6.3.5.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.3.5.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.3.5.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.3.6. France 6.3.6.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.3.6.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.3.6.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.4. Asia Pacific 6.4.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.4.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.4.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.4.4. China 6.4.4.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.4.4.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.4.4.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.4.5. India 6.4.5.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.4.5.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.4.5.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.4.6. Japan 6.4.6.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.4.6.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.4.6.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.5. Central & South America 6.5.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.5.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.5.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.5.4. Brazil 6.5.4.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.5.4.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.5.4.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) 6.6. Middle East & Africa 6.6.1. Market Estimates And Forecasts, 2016 - 2027 (Tons) (USD Million) 6.6.2. Market Estimates And Forecasts, By Product, 2016 - 2027 (Tons) (USD Million) 6.6.3. Market Estimates And Forecasts, By Application, 2016 - 2027 (Tons) (USD Million) Chapter 7. Competitive Landscape 7.1. Key Players’ Recent Developments & Their Impact 7.2. Key Innovators, Market Leader, and Emerging Players 7.3. Vendor Landscape 7.3.1. List of Key Distributors & Channel Partners 7.4. Public Companies 7.4.1. Company Market Position Analysis 7.4.2. Market Differentiators 7.4.3. SWOT Analysis 7.5. Private Companies 7.5.1. List of Key Emerging Companies/Technology Disruptors/Innovators 7.5.2. Company Market Position Analysis Chapter 8. Company Profiles 8.1. Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG) 8.1.1. Company overview 8.1.2. Financial performance 8.1.3. Product benchmarking 8.1.4. Strategic initiatives 8.2. CBD Biotechnology Co., Ltd. 8.2.1. Company overview 8.2.2. Financial performance 8.2.3. Product benchmarking 8.2.4. Strategic initiatives 8.3. Botanical Genetics, LLC 8.3.1. Company overview 8.3.2. Financial performance 8.3.3. Product benchmarking 8.3.4. Strategic initiatives 8.4. Marijuana Company of America Inc. 8.4.1. Company overview 8.4.2. Financial performance 8.4.3. Product benchmarking 8.4.4. Strategic initiatives 8.5. HempMeds Brasil 8.5.1. Company overview 8.5.2. Financial performance 8.5.3. Product benchmarking 8.5.4. Strategic initiatives 8.6. Terra Tech Corp 8.6.1. Company overview 8.6.2. Financial performance 8.6.3. Product benchmarking 8.6.4. Strategic initiatives 8.7. American Cannabis Company, Inc. 8.7.1. Company overview 8.7.2. Financial performance 8.7.3. Product benchmarking 8.7.4. Strategic initiatives 8.8. HempFlax B.V. 8.8.1. Company overview 8.8.2. Financial performance 8.8.3. Product benchmarking 8.8.4. Strategic initiatives 8.9. Industrial Hemp Manufacturing, LLC 8.9.1. Company overview 8.9.2. Financial performance 8.9.3. Product benchmarking 8.9.4. Strategic initiatives 8.10. American Hemp 8.10.1. Company overview 8.10.2. Financial performance 8.10.3. Product benchmarking 8.10.4. Strategic initiatives 8.11. Hemp, Inc. 8.11.1. Company overview 8.11.2. Financial performance 8.11.3. Product benchmarking 8.11.4. Strategic initiatives 8.12. Boring Hemp Company 8.12.1. Company overview 8.12.2. Financial performance 8.12.3. Product benchmarking 8.12.4. Strategic initiatives 8.13. Plains Industrial Hemp Processing Ltd. 8.13.1. Company overview 8.13.2. Financial performance 8.13.3. Product benchmarking 8.13.4. Strategic initiatives 8.14. Ecofiber 8.14.1. Company overview 8.14.2. Financial performance 8.14.3. Product benchmarking 8.14.4. Strategic initiatives 8.15. Valley Bio Limited 8.15.1. Company overview 8.15.2. Financial performance 8.15.3. Product benchmarking 8.15.4. Strategic initiatives
List of Tables Table 1 List of state statutes and public acts on industrial hemp research and cultivation Table 2 Industrial hemp seeds market estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 3 Industrial hemp fiber market estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 4 Industrial hemp shives market estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 5 Industrial hemp market estimates and forecasts in animal care, 2016 - 2027 (Tons) (USD Million) Table 6 Industrial hemp market estimates and forecasts in textiles, 2016 - 2027 (Tons) (USD Million) Table 7 Industrial hemp market estimates and forecasts in automotive, 2016 - 2027 (Tons) (USD Million) Table 8 Industrial hemp market estimates and forecasts in furniture, 2016 - 2027 (Tons) (USD Million) Table 9 Industrial hemp market estimates and forecasts in food & beverages, 2016 - 2027 (Tons) (USD Million) Table 10 Industrial hemp market estimates and forecasts in paper, 2016 - 2027 (Tons) (USD Million) Table 11 Industrial hemp market estimates and forecasts in construction materials, 2016 - 2027 (Tons) (USD Million) Table 12 Industrial hemp market estimates and forecasts in personal care, 2016 - 2027 (Tons) (USD Million) Table 13 Industrial hemp market estimates and forecasts in other applications, 2016 - 2027 (Tons) (USD Million) Table 14 North America industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 15 North America industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 16 North America industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 17 North America industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 18 North America industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 19 U.S. industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 20 U.S. industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 21 U.S. industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 22 U.S. industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 23 U.S. industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 24 Canada industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 25 Canada industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 26 Canada industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 27 Canada industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 28 Canada industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 29 Europe industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 30 Europe industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 31 Europe industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 32 Europe industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 33 Europe industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 34 U.K. industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 35 U.K. industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 36 U.K. industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 37 U.K. industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 38 U.K. industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 39 Germany industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 40 Germany industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 41 Germany industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 42 Germany industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 43 Germany industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 44 France industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 45 France industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 46 France industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 47 France industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 48 France industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 49 Asia Pacific industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 50 Asia Pacific industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 51 Asia Pacific industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 52 Asia Pacific industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 53 Asia Pacific industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 54 China industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 55 China industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 56 China industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 57 China industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 58 China industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 59 India industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 60 India industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 61 India industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 62 India industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 63 India industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 64 Japan industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 65 Japan industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 66 Japan industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 67 Japan industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 68 Japan industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 69 Central & South America industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 70 Central & South America industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 71 Central & South America industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 72 Central & South America industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 73 Central & South America industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 74 Brazil industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 75 Brazil industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 76 Brazil industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 77 Brazil industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 78 Brazil industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) Table 79 Middle East & Africa industrial hemp market volume and revenue estimates and forecasts, 2016 - 2027 (Tons) (USD Million) Table 80 Middle East & Africa industrial hemp market volume estimates and forecasts, by product, 2016 - 2027 (Tons) Table 81 Middle East & Africa industrial hemp market revenue estimates and forecasts, by product, 2016 - 2027 (USD Million) Table 82 Middle East & Africa industrial hemp market volume estimates and forecasts, by application, 2016 - 2027 (Tons) Table 83 Middle East & Africa industrial hemp market revenue estimates and forecasts, by application, 2016 - 2027 (USD Million) List of Figures Fig. 1 Market snapshot Fig. 2 Market trends & outlook Fig. 3 Industrial hemp - Market segmentation Fig. 4 Industrial hemp - Value chain analysis Fig. 5 Industrial hemp - Market dynamics Fig. 6 Market driver analysis Fig. 7 U.S. hemp import, 2016 - 2018 (Metric Tons) Fig. 8 Market restraint analysis Fig. 9 Industrial hemp market - Porters Fig. 10 Industrial hemp market - PESTEL analysis Fig. 11 Industrial hemp: Product movement analysis, 2019 & 2027 Fig. 12 Industrial hemp market: Application movement analysis, 2019 & 2027 Fig. 13 Industrial hemp market: Regional movement analysis, 2019 & 2027
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