North America And Oceania Industrial Hemp Market Size, Share & Trends Analysis Report By Product (Seeds, Fiber, Shivs), By Application (Textile, Animal Care), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 127 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)

The North America and oceania industrial hemp market size is expected to reach USD 11.5 billion by 2025, accelerating at a CAGR of 23.4% over the forecast period, as per a new report by Grand View Research Inc. Increasing R&D activities in the agricultural sector to advance new genetics and agronomy of the product to get high yield is likely to have a positive impact on the production of industrial hemp in North America and Oceania.

The political link between marijuana and industrial hemp has led to several restrictions on consumption, cultivation, distribution, and processing of the product in North America and Oceania. However, growing legalization and liberalization for the cultivation of industrial hemp with tetrahydrocannabinol (THC) content not more than 0.3 in countries such as the U.S. is expected to have a positive impact on the market growth in North America and Oceania. Seed oil and seedcakes are witnessing increasing demand owing to high nutritional value and fatty acid content of seeds, which, in turn, is expected to drive the growth of seeds segment.

Processing facilities extract required components from crops with the help of processing and manufacturing equipment. However, low yield, lack of harvesting innovations, and processing facilities, and difficulties in the transportation of industrial hemp in highly regulated markets are the factors hampering the market growth in North America and Oceania. Major players in the market are investing heavily in the research & development activities to achieve high yields and to maintain high-quality products at minimum prices to gain a competitive edge.

Industrial hemp is used in over 25,000 products across numerous end-use industries. These include automotive, construction, personal care, cosmetics, food & beverages, food supplements, textiles, and paper, among others. This is owing to the inherent advantageous characteristics of industrial hemp such as strength, durability, biodegradability, light weight, and low production costs.

Further key findings from the report suggest:

• Seeds segment is expected to grow at a CAGR of 23.6%, in terms of revenue, over the forecast period

• Personal care segment is expected to account for a revenue share of 38.3% in the North America and Oceania industrial hemp market over the forecast period. This can be attributed to the rising demand for the crop oil in personal care and hygiene products including body care and hair care products and soaps segments in North America and Oceania

• Textile segment is expected to witness a growth rate of 24.9%, in terms of volume, over the forecast period owing to increasing demand for fibers in fashion, household, and technical textiles owing to their high durability and strength characteristics over other natural sources

• The market for industrial hemp in Australia is expected to grow at a CAGR of 14.2%, in terms of revenue, over the forecast period owing to rising demand for shivs in preparation of hempcrete, plaster, and insulation panels and its growing demand in other construction material applications.

 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
                    2.4. Market Snapshot
Chapter 3. North America and Oceania Industrial Hemp Market Variables, Trends, & Scope
                    3.1. Market Segmentation
                    3.2. North America and Oceania Industrial Hemp - Value Chain Analysis
                    3.3. North America and Oceania Industrial Hemp - Market Dynamics
                        3.3.1. Market Driver Analysis
                            3.3.1.1. Rising demand in application industries
                            3.3.1.2. Agricultural and environmental benefits associated with hemp cultivation
                        3.3.2. Market Restraint Analysis
                            3.3.2.1. Low awareness pertaining to the benefits associated with hemp
                        3.3.3. Industry Challenges
                            3.3.3.1. Stringent government regulations
                    3.4. Penetration & Growth Prospect Mapping
                    3.5. Industry Value Chain Analysis
                    3.6. Technology Overview
                        3.6.1. CBD extraction: Technologies analysis
                        3.6.2. Supercritical Carbon Dioxide Extraction
                        3.6.3. Ethanol Extraction
                        3.6.4. Hydrocarbon Extraction
                        3.6.5. Lipid Extraction
                        3.6.6. Others
                            3.6.6.1. Olive oil extraction
                            3.6.6.2. Rosin extraction
                            3.6.6.3. Dry ice extraction
                    3.7. Regulatory Framework
                        3.7.1. Standards & Compliance
                    3.8. Business Environment Analysis: North America and Oceania Industrial Hemp Market
                        3.8.1. Industry Analysis - Porter's
                            3.8.1.1. Supplier Power
                            3.8.1.2. Buyer Power
                            3.8.1.3. Substitution Threat
                            3.8.1.4. Threat from New Entrant
                            3.8.1.5. Competitive Rivalry
                        3.8.2. PESTEL Analysis
                            3.8.2.1. Political Landscape
                            3.8.2.2. Environmental Landscape
                            3.8.2.3. Social Landscape
                            3.8.2.4. Technology Landscape
                            3.8.2.5. Economic Landscape
                            3.8.2.6. Legal Landscape
                        3.8.3. Major Deals & Strategic Alliances Analysis
                            3.8.3.1. Joint Ventures
                            3.8.3.2. Mergers & Acquisitions
                    3.9. Pricing Analysis
                        3.9.1. Hemp Production Statistics, 2017 (Tons)
                        3.9.2. China Hemp Products Pricing, 2018 (USD/kg)
                        3.9.3. Europe Hemp Products Pricing, 2018 (USD/kg)
                        3.9.4. U.S. Hemp Products Pricing, 2018 (USD/kg)
                        3.9.5. Canada Hemp Products Pricing, 2018 (USD/kg)
                        3.9.6. Australia Hemp Products Pricing, 2018 (USD/kg)
                        3.9.7. New Zealand Hemp Products Pricing, 2018 (USD/kg)
                        3.9.8. CBD Oil Pricing, 2018 (USD/kg)
Chapter 4. North America and Oceania Industrial Hemp Market - Product Estimates & Trend Analysis
                    4.1. Industrial Hemp Market: Product Movement Analysis, 2018 & 2025
                    4.2. Seeds
                        4.2.1. Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                        4.2.2. Hemp Seed Oil
                            4.2.2.1. Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                        4.2.3. Hemp Flour
                            4.2.3.1. Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                        4.2.4. Others
                            4.2.4.1. Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                    4.3. Fiber
                        4.3.1. Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                    4.4. Shivs
                        4.4.1. Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5. North America and Oceania Industrial Hemp Market - Application Estimates & Trend Analysis
                    5.1. Industrial Hemp Market: Application Movement Analysis, 2018 & 2025
                    5.2. Animal Care
                        5.2.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.3. Textiles
                        5.3.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.4. Automotive
                        5.4.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.5. Furniture
                        5.5.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.6. Food & Beverages
                        5.6.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.7. Paper
                        5.7.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.8. Construction Materials
                        5.8.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.9. Personal Care
                        5.9.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                    5.10. Others
                        5.10.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Chapter 6. North America and Oceania Industrial Hemp Market - Regional Estimates & Trend Analysis
                    6.1. Industrial Hemp Market: Regional Movement Analysis, 2018 & 2025
                    6.2. SWOT Analysis, By Factor
                    6.3. North America
                        6.3.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                        6.3.2. Market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
                        6.3.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                        6.3.4. U.S.
                            6.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                            6.3.4.2. Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                            6.3.4.3. Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                        6.3.5. Canada
                            6.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                            6.3.5.2. Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                            6.3.5.3. Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                        6.3.6. Mexico
                            6.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                            6.3.6.2. Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                            6.3.6.3. Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                    6.4. Oceania
                        6.4.1. Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                        6.4.2. Market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
                        6.4.3. Market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                        6.4.4. Australia
                            6.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                            6.4.4.2. Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                            6.4.4.3. Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                        6.4.5. New Zealand
                            6.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                            6.4.5.2. Market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                            6.4.5.3. Market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
                    7.1. Vendor Landscape
                    7.2. Competitive Environment
                    7.3. Competitive Market Positioning
                    7.4. Strategy Framework
Chapter 8. Company Profiles
                    8.1. Hemp, Inc.
                        8.1.1. Company Overview
                        8.1.2. Financial Performance
                        8.1.3. Product Benchmarking
                    8.2. Elixinol LTD
                        8.2.1. Company Overview
                        8.2.2. Financial Performance
                        8.2.3. Product Benchmarking
                    8.3. Midlands Holdings
                        8.3.1. Company Overview
                        8.3.2. Product Benchmarking
                    8.4. Marijuana Company of America Inc.
                        8.4.1. Company Overview
                        8.4.2. Product Benchmarking
                    8.5. Kazmira LLC
                        8.5.1. Company Overview
                        8.5.2. Product Benchmarking
                    8.6. The Cannabis Co.
                        8.6.1. Company Overview
                        8.6.2. Product Benchmarking
                    8.7. Hemp Foods Australia
                        8.7.1. Company Overview
                        8.7.2. Financial Performance
                        8.7.3. Product Benchmarking
                        8.7.4. Strategic Initiatives
                    8.8. Hemptech
                        8.8.1. Company Overview
                        8.8.2. Product Benchmarking
                    8.9. Tilray
                        8.9.1. Company Overview
                        8.9.2. Financial Performance
                        8.9.3. Product Benchmarking
                        8.9.4. Strategic Initiatives
                    8.10. Valley Bio Limited
                        8.10.1. Company Overview
                        8.10.2. Product Benchmarking
                    8.11. Parkland Industrial Hemp Growers Cooperative Ltd. (PIHG)
                        8.11.1. Company Overview
                        8.11.2. Product Benchmarking
                    8.12. HempFarm NZ
                        8.12.1. Company Overview
                        8.12.2. Product Benchmarking
                    8.13. Ecofibre
                        8.13.1. Company Overview
                        8.13.2. Product Benchmarking
                    8.14. MGC Pharma
                        8.14.1. Company Overview
                        8.14.2. Financial Performance
                        8.14.3. Product Benchmarking
                    8.15. Creso Pharma
                        8.15.1. Company Overview
                        8.15.2. Financial Performance
                        8.15.3. Product Benchmarking
                    8.16. KANAPU HOLDINGS LIMITED
                        8.16.1. Company Overview
                        8.16.2. Product Benchmarking

List of Tables

Table 1 Estimated production cost for hemp in the U.S.
Table 2 List of state statutes and public acts on industrial hemp research and cultivation
Table 3 Industrial hemp seeds market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 4 Industrial hemp seed oil market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 5 Industrial hemp seed flour market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 6 Industrial hemp seeds in others market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 7 Industrial hemp fiber market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 8 Industrial hemp shivs market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 9 Industrial hemp market estimates and forecasts in animal care, 2014 - 2025 (Kilotons) (USD Million)
Table 10 Industrial hemp market estimates and forecasts in textiles, 2014 - 2025 (Kilotons) (USD Million)
Table 11 Industrial hemp market estimates and forecasts in automotive, 2014 - 2025 (Kilotons) (USD Million)
Table 12 Industrial hemp market estimates and forecasts in furniture, 2014 - 2025 (Kilotons) (USD Million)
Table 13 Industrial hemp market estimates and forecasts in food & beverages, 2014 - 2025 (Kilotons) (USD Million)
Table 14 Industrial hemp market estimates and forecasts in paper, 2014 - 2025 (Kilotons) (USD Million)
Table 15 Industrial hemp market estimates and forecasts in construction materials, 2014 - 2025 (Kilotons) (USD Million)
Table 16 Industrial hemp market estimates and forecasts in personal care, 2014 - 2025 (Kilotons) (USD Million)
Table 17 Industrial hemp market estimates and forecasts in other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 18 North America industrial hemp market volume and revenue estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 19 North America industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 20 North America industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 21 North America hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 22 North America hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 23 North America industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 24 North America industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 25 U.S. industrial hemp market volume and revenue estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 26 U.S. industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 27 U.S. industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 28 U.S. hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Kilotons)
Table 29 U.S. hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 30 U.S. industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 31 U.S. industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 32 Canada industrial hemp market volume and revenue estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
Table 33 Canada industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 34 Canada industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 35 Canada hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 36 Canada hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 37 Canada industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Tons)
Table 38 Canada industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 39 Mexico industrial hemp market volume and revenue estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
Table 40 Mexico industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 41 Mexico industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 42 Mexico hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 43 Mexico hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 44 Mexico industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Tons)
Table 45 Mexico industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 46 Oceania industrial hemp market volume and revenue estimates and forecasts, 2014 - 2025 (Tons) (USD Million)
Table 47 Oceania industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 48 Oceania industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 49 Oceania hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 50 Oceania hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (USD Million)
Table 51 Oceania industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Tons)
Table 52 Oceania industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 53 Australia industrial hemp market volume and revenue estimates and forecasts, 2014 - 2025 (Tons) (Thousand USD)
Table 54 Australia industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 55 Australia industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (Thousand USD)
Table 56 Australia hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 57 Australia hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (Thousand USD)
Table 58 Australia industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Tons)
Table 59 Australia industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (Thousand USD)
Table 60 New Zealand industrial hemp market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 61 New Zealand industrial hemp market revenue estimates and forecasts, by product, 2014 - 2025 (Thousand USD)
Table 62 New Zealand hemp seeds market volume estimates and forecasts, by product, 2014 - 2025 (Tons)
Table 63 New Zealand hemp seeds market revenue estimates and forecasts, by product, 2014 - 2025 (Thousand USD)
Table 64 New Zealand industrial hemp market volume estimates and forecasts, by application, 2014 - 2025 (Tons)
Table 65 New Zealand industrial hemp market revenue estimates and forecasts, by application, 2014 - 2025 (Thousand USD)

List of Figures

Fig. 1 Industrial hemp market - Market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market Snapshot
Fig. 7 Market Trends & Outlook
Fig. 8 Penetration and Growth Prospect Mapping
Fig. 9 Industrial Hemp - Value Chain Analysis
Fig. 10 Industrial Hemp - Market Dynamics
Fig. 11 Market Driver Analysis
Fig. 12 U.S. Hemp import, 2010 to 2015 (metric tons)
Fig. 13 Market Restraint Analysis
Fig. 14 Industrial Hemp: Product Movement Analysis, 2018 & 2025
Fig. 15 Industrial Hemp Market: Application Movement Analysis, 2018 & 2025
Fig. 16 Industrial Hemp Market: Regional Movement Analysis, 2018 & 2025
Fig. 17 SWOT Analysis by Political & Legal Factors
Fig. 18 SWOT Analysis by Economic Factors
Fig. 19 SWOT Analysis by Technological Factors