The Global Hemp Derivatives Market is expected to cross USD 17 Billion by 2025 at a CAGR of 30.0% during the forecast period of 2019 to 2025. The global market is expected to be lucrative for the active vendors owing to the rising use of hemp derivatives in animal feed, biofuel, and bioplastics, among others. Market players are investing in R&D and introducing pet food products such as pet treats made from hemp. For instance, in September 2018, EastWest Bioscience, a Canadian hemp-based products manufacturer, launched the hemp-based pet products brand Natural Pet Science to cater to the rising demand for health-conscious pet treats. Additionally, the legalization of hemp in several countries has propelled market players to invest in the market and expand their presence across the globe.
Market USP
Health benefits associated with hemp-based products
Growth Opportunities in the Market
- Growth
of the Food & Beverage Industry: Intensive research on hemp
and its effect on human and animal health has led to the legalization of
hemp in several countries. Hemp contains trace amounts of
tetrahydrocannabinol (THC) and has proven to be beneficial as an
anti-depressant, anti-inflammatory, antioxidant, and anti-carcinogenic.
Owing to such benefits, the demand for hemp derivatives such as seed, oil,
powder, and hemp-derived CBD oil is increasing in various food &
beverage applications including snacks, beverages, dairy products, frozen
desserts, and bakery products. The growth of the global food &
beverage industry is expected to offer profitable growth opportunities to
the market players by opening up new investment pockets.
Key Players
- Hemp
Oil Canada (Canada)
- GenCanna
Global USA, Inc. (US)
- Ecofibre
(Australia)
- MH
Medical Hemp GmbH (Germany)
- Konoplex
LLC (Russia)
- Canopy
Growth Corporation (Canada)
- HempFlax
Group B.V. (Netherlands)
- HemPoland
(Poland)
- Bafa
Neu GmbH (Germany)
- Hempco
Inc. (Canada)
- Dutch
Hemp Group (Netherlands)
- Colorado
Hemp Works, LLC (US)
Complete Report Details @ https://www.marketresearchfuture.com/reports/hemp-derivatives-market-8424
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
Comments
Post a Comment