A detailed survey of upstream raw materials, recent industry dynamics, and downstream demand are also covered in the Hemp seed market report. Stakeholders, marketing executives and business owners can refer this market research report to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. It strategically profiles the key players and comprehensively analyzes their growth strategies. The global Hemp seed Market business report contains the recent industry status alongside advanced trends that can impact the actual growth rate of the market.
Executives in marketing, strategic planning and new product development will find discussions in the Hemp seed Market report pertinent and useful. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The report presents a comprehensive overview, market shares, and growth opportunities of the Hemp seed Market by type, application, key manufacturers and key regions and countries. In addition to this, the information also includes the breakdown of the revenue for the global market claiming a forecast for the same in the estimated time frame.
Hemp seed market size is expected to grow at a compound annual rate of 8.20% in the forecast period 2021 to 2028. The rapid increase in the population of vegans is the factor responsible for the growth of hemp seed market in the forecast period of 2021 to 2028.
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Hemp seeds are produced from the hemp plant, Cannabis sativa. They contain less than 1% of the psychoactive drugs whereas marijuana contains more than 20%. Hemp seeds are ideal and natural blend of easily digested proteins, fibers, amino acids, antioxidants, essential fats, iron and vitamins.
The major growing factor towards hemp seed market is the rise in the awareness towards several nutritional benefits of hemp seeds. Furthermore, the rise in awareness about the benefits of consuming hemp seed products and rapid urbanization are also expected to heighten the overall demand for hemp seed market over the forecast period of 2021 to 2028. Moreover, the rise in the prevalence of different types of cancer and change in the consumer inclination from high-calorie food items are also expected to serve as foremost drivers for the hemp seed market at a global level. In addition, the high demand for processed and ready-to-eat food products, particularly among the millennial and rise in the trend of veganism are also lifting the growth of the hemp seed market.
However, the high production cost and strict regulation and policies are projected to act as a restraint towards the growth of hemp seed market, whereas the easy accessibility of the substitute source can challenge the growth of the hemp seed market.
Moreover, the rapid rise in the demand for plant-based products, increase in the legalization of industrial hemp for use in food supplements and personal grooming products and the rise in the trend of health consciousness among the consumers are expected to further generate new opportunities for the hemp seed market in the forecast period of 2021 to 2028.
Competitive Analysis: Global Hemp seed market
Few of the major competitors currently working in global hemp seed market are Hempco Inc, Ecofibre, HempFlax Group B.V., GenCanna Global USA, Inc., Konoplex, Hemp Oil Canada, Proteus Solutions GbR, Colorado Hemp Works LLC, Canah, Plains Industrial Hemp Processing Ltd, South Hemp Tecno, MH medical hemp, Naturally Splendid Enterprises Ltd., Manitoba Harvest Hemp Foods, Green Source MKT, Hush Brands Inc., NAVITAS ORGANICS, GFR Ingredients Ltd among others.
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Hemp seed market is analyses and market size, volume information is provided by country, product type, form, packaging, application and distribution channel as referenced above.
The countries covered in the hemp seed market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the hemp seed market due to the increase in consumption rate. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high demand for hemp seeds from India and China.
Some of the important question for stakeholders and business professional for expanding their position in the Hemp seed Market:
Q 1. Ahead of which region offers the most lucrative open doors for the market?
Q 2. What are the business threats, as well as the impact of the most recent scenario on market growth and estimation?
Q 3. In terms of applications, types, and areas, what are the most promising, high-development possibilities for the Hemp seed movement?
Q 4.What segments of the Hemp seed Market are attracting the most attention in 2022 and beyond?
Q 5. Who are the major participants in the Hemp seed Market, both now and in the future?
Finally, To compare the global and regional markets, all facets of the global Hemp seed industry are quantitatively and qualitatively examined. This market study provides vital information and factual data on the market, as well as a comprehensive statistical analysis of the market’s drivers, limitations, and future prospects.
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