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市場調查報告書
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1390646

工業大麻市場:2023-2028年全球產業趨勢、佔有率、規模、成長、機會與預測

Industrial Hemp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

出版日期: | 出版商: IMARC | 英文 149 Pages | 商品交期: 2-3個工作天內

價格

概要

2022年全球工業大麻市場規模達到46億美元。展望未來, IMARC Group預計到2028年市場規模將達到116億美元,2022-2028年複合年成長率(CAGR)為16.67%。由於高營養價值,該產品在食品和飲料行業中被廣泛採用,使用大麻作為啤酒成分的精釀啤酒廠的興起,以及製藥行業對大麻素,特別是大麻二酚(CBD) 的興趣日益濃厚,是一些主要因素推動市場。

工業大麻是大麻植物物種的一員,由於其多功能性和快速成長,已在多個行業中使用了數千年。雖然它與大麻植物同屬,但其成分卻有顯著差異。工業大麻僅含有極少量的 THC(四氫大麻酚),這種精神活性化合物在大麻中含量較高,因此不會中毒。它的價值主要在於其纖維、種子和油。堅固耐用的纖維用於生產紡織品、繩索和紙張,而富含蛋白質和健康脂肪的種子和油則用於食品和化妝品。此外,大麻因其在綠色建築領域和作為生物燃料來源的潛力而受到關注。這種環境友善作物比許多其他經濟作物所需的水更少,可以增加土壤養分,有助於防治害蟲,促進永續農業實踐。

工業大麻在食品和飲料行業的接受度越來越高,這主要推動了全球市場的發展。由於其高營養價值,產品的廣泛採用可以支持這一點。大麻籽富含纖維、蛋白質以及多種維生素和礦物質,使其成為健康食品的理想成分。因此,使用大麻作為啤酒原料的精釀啤酒廠的興起也促進了市場的成長。除此之外,研發投資尤其是市場的關鍵驅動力。它正在促進創新並幫助釋放工業大麻在各個行業的新用途。此外,研究對於改進種植方法、提高作物產量和提高大麻產品的品質至關重要,所有這些都直接有助於市場擴張。此外,製藥業對源自工業大麻的大麻素,特別是大麻二酚(CBD)的興趣不斷成長,是一個強大的成長動力。 CBD 正在研究和用於治療多種健康狀況,例如癲癇、焦慮和慢性疼痛。此外,改進種植方法、提高作物產量和提高大麻產品品質的研究正在創造積極的市場前景。

工業大麻市場趨勢/促進因素:

大麻產品的需求不斷成長

工業大麻的多功能性導致大麻衍生產品的需求增加,進一步影響市場。同時,消費者對永續天然產品的興趣不斷成長,從紡織品和建築材料到食品和化妝品,以大麻為基礎的產品正受到市場的青睞。例如,由於大麻籽和油具有豐富的營養成分,包括必需脂肪酸和蛋白質,因此在健康和保健領域,大麻籽和油的受歡迎程度激增。因此,這對市場有很大的支撐。同樣,植物性飲食和素食主義的成長趨勢也支持了大麻產業,因為大麻種子是植物性蛋白質的絕佳來源。

永續性和環境因素

隨著人們對環境永續性的日益關注以及全球推動更負責任的農業實踐,工業大麻變得越來越有吸引力。此外,與傳統經濟作物相比,這種作物所需的水更少,生長速度更快,通常較少依賴合成肥料和農藥。因此,它也對全球市場產生正面影響。同時,大麻透過吸收有害污染物來修復土壤的能力可以有助於更永續的土地管理,進一步充當生長誘導因素。此外,大麻基材料(例如大麻混凝土)作為傳統建築材料的環保替代品而受到關注,推動了市場成長。

生物燃料生產中的工業大麻

工業大麻作為生物燃料來源的潛力是市場成長的重要動力。隨著人們對氣候變遷的日益關注和減少碳排放的全球承諾,替代能源和再生能源受到高度追捧。此外,大麻生質能可以轉化為生質柴油和乙醇,使大麻成為一種有前景的可再生能源。與其他作物相比,其生長速度快,生物量產量高,使其成為大規模生物燃料生產的可行選擇。隨著更多研究的開展和技術的進步,大麻在生物燃料產業中的作用可能會顯著提高這種多功能作物的整體市場需求。

工業大麻產業細分:

IMARC Group提供了全球工業大麻市場報告各細分市場主要趨勢的分析,以及 2023-2028 年全球、區域和國家層面的預測。我們的報告根據類型、來源和應用程式對市場進行了分類。

按類型分類:

大麻種子

大麻纖維

其他

大麻種子主導市場

該報告根據類型提供了詳細的市場細分和分析。這包括大麻籽、大麻油、大麻纖維等。根據該報告,大麻種子是最大的細分市場。

由於人們對大麻種子營養價值的認知不斷提高,工業大麻產業的大麻種子領域正在顯著成長。大麻籽富含蛋白質、膳食纖維以及均衡比例的必需 omega-3 和 omega-6 脂肪酸,使其成為超級食物。隨著消費者意識的提高以及健康和保健趨勢繼續影響飲食習慣,大麻種子的需求不斷成長。此外,種子的非乳製品、無麩質和植物性特性與素食主義和飲食限制的興起非常吻合,進一步刺激了市場需求。另一個促進因素是大麻種子在不同產業的廣泛應用。在食品和飲料行業,它們被用作格蘭諾拉麥片棒、烘焙食品甚至飲料等產品的成分。在化妝品行業,大麻籽油因其保濕特性而受到重視。

按來源分類:

傳統的

有機的

傳統主導市場

報告還根據來源提供了詳細的市場細分和分析。這包括傳統的和有機的。根據該報告,傳統的代表了最大的部分。

傳統來源部分是指沒有特定有機協議的工業大麻的傳統種植,在整個大麻產業中發揮重要作用。它繼續推動市場,主要是由於與有機農業相比,傳統農業的既定做法和較低的成本。主要促進因素之一是快速擴展營運的能力。傳統的耕作方法通常在合成肥料和農藥的支持下,可以帶來更高的產量,從而能夠更快地回應不斷成長的市場需求。此外,傳統大麻種植的監管環境變得更加清晰,許多地區制定了種植、加工和分銷指南,從而減少了傳統大麻生產商的不確定性。除此之外,基因改造和雜交等育種和種植技術的進步正在提高傳統種植大麻的品質和復原力,從而提高產品產量。

按應用分類:

食品和飲料

紡織品

個人護理產品

藥品

其他

食品和飲料主導市場

該報告根據應用程式提供了詳細的市場細分和分析。這包括食品和飲料、紡織品、個人護理產品、藥品等。根據該報告,食品和飲料是最大的細分市場。

工業大麻在食品和飲料領域的應用是一個強大的市場驅動力,受到營養價值、新興健康趨勢和消費者意識不斷增強的綜合推動。大麻籽和油富含必需營養素,包括蛋白質、omega-3 和 omega-6 脂肪酸以及膳食纖維。這種營養成分使大麻成為超級食品,吸引了注重健康的消費者並推動了食品和飲料行業的需求。此外,素食主義和植物性飲食的興起也推動了大麻作為蛋白質來源的普及,因為大麻種子是一種完整的蛋白質,提供所有必需胺基酸。此外,食品和飲料產品中天然和有機成分的趨勢有利於大麻的加入。在飲料中,大麻被用於冰沙、非乳製品替代品,甚至精釀啤酒,擴大了在該行業的足跡。隨著這些健康和飲食趨勢的不斷發展,以及大麻的烹飪潛力得到進一步探索,大麻在食品和飲料行業的使用必將大幅增加。

按地區分類:

北美洲

美國

加拿大

亞太

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

亞太地區表現出明顯的主導地位,佔據最大的工業大麻市場佔有率

該報告還對所有主要區域市場進行了全面分析,其中包括北美(美國和加拿大);亞太地區(中國、日本、印度、韓國、澳洲、印尼等);歐洲(德國、法國、英國、義大利、西班牙、俄羅斯等);拉丁美洲(巴西、墨西哥等);以及中東和非洲。報告稱,亞太地區是最大的市場。

經濟、監管和消費趨勢的融合推動了亞太地區工業大麻市場的成長。在經濟上,該地區的農業實力為工業大麻種植提供了堅實的基礎。中國作為全球領先的大麻生產國,擁有悠久的大麻種植歷史和完善的大麻加工基礎設施,為產業發展提供了堅實的基礎。監管轉變也是一個主要促進因素。該地區的一些國家正在重新評估對工業大麻的立場,放寬法規以允許種植和加工,這為市場釋放了新的機會。

此外,消費者對大麻產品(從紡織品到保健食品和個人護理產品)的認知和需求不斷成長,正在加速市場成長。此外,亞太地區消費者對永續和天然產品的興趣日益濃厚,這對大麻產業尤其有利。此外,工業大麻領域不斷擴大的研發,重點是新應用和種植技術的改進,也是該地區工業大麻市場的重要驅動力。

競爭格局:

由於採用最佳實踐來確保富含 CBD(大麻二酚)和其他有益化合物的高品質大麻植物,全球工業大麻市場正在經歷顯著成長。幾家公司正專注於透過二氧化碳萃取等萃取方法從大麻植物中提取 CBD 和其他有價值的大麻素,以獲得用於不同產品的純淨有效的萃取物。因此,它極大地支撐了市場。同時,大麻衍生產品(如 CBD 油、酊劑、食用品、外用藥和膠囊)的開發正在對市場產生積極影響。此外,隨著大麻和 CBD 產品法律環境的不斷發展,公司密切關注並遵守當地、國家和國際法規。確保遵守既定標準對於維持信譽和消費者信任至關重要。除此之外,一些公司強調永續農業實踐和大麻的道德採購,這是另一個促進成長的因素。此外,與科研機構合作研究大麻的潛在健康益處和工業應用的數量不斷增加,也為市場做出了貢獻。

該報告對全球工業大麻市場的競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。市場上的一些主要參與者包括:

極光大麻

無聊的大麻公司

生態纖維有限公司

大麻公司

大麻亞麻集團 BV

Hempro國際有限公司

MH 醫用大麻有限公司

帕克蘭工業大麻種植者合作社。有限公司

南麻技術有限公司

谷生物有限公司。

最近的發展:

2020年5月,Aurora Cannabis 和 Reliva , LLC 表示,他們簽署了一份契約,根據該契約,Aurora 將購買 Reliva 的所有已發行和未償還的會員權益。

2022 年 9 月,Ecofibre Limited 正式推出 Green II Gold,這是一款突破性的新型 CBD 護膚系列。第一個護膚系列 Green II Gold 是從頭開始創建的,將 Ananda Professional 的臨床強度、全譜大麻萃取物與強大的植物成分相結合,為水療中心和沙龍提供專業級產品。

2023 年 2 月,Hemp Inc 宣佈出售有史以來最大的工業產品。 DrillWallTM 是市場上唯一的純天然洋麻/大麻循環損失材料 (LCM) 混合物,由四輛半掛卡車運輸,重量為 120,000 磅,用於石油和天然氣井鑽探行業。

本報告回答的關鍵問題

  • 2022年全球工業大麻市場規模是多少
  • 2023-2028年全球工業大麻市場預計成長率是多少
  • COVID-19對全球工業大麻市場有何影響
  • 推動全球工業大麻市場的關鍵因素有哪些
  • 全球工業大麻市場按類型分類是怎樣的
  • 從來源來看,全球工業大麻市場的細分如何
  • 從應用來看,全球工業大麻市場的細分如何
  • 全球工業大麻市場的重點區域有哪些
  • 誰是全球工業大麻市場的主要參與者/公司

本報告回答的關鍵問題

  • 2022年全球工業大麻市場規模有多大?
  • 2023-2028年全球工業大麻市場的預期成長率是多少?
  • COVID-19 對全球工業大麻市場有何影響?
  • 推動全球工業大麻市場的關鍵因素是什麼?
  • 全球工業大麻市場按類型分類是怎樣的?
  • 全球工業大麻市場依來源分類是怎麼樣的?
  • 全球工業大麻市場基於應用的詳細情形如何?
  • 全球工業大麻市場的重點區域有哪些?
  • 全球工業大麻市場的主要參與者/公司有哪些?

目錄

第 1 章:前言

第 2 章:範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章:執行摘要

第 4 章:簡介

  • 概述
  • 主要行業趨勢

第 5 章:全球工業大麻市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章:按類型分類的市場細分

  • 大麻種子
    • 市場走向
    • 市場預測
    • 市場走向
    • 市場預測
  • 大麻纖維
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 7 章:按來源分類的市場區隔

  • 傳統的
    • 市場走向
    • 市場預測
  • 有機的
    • 市場走向
    • 市場預測

第 8 章:按應用分類的市場區隔

  • 食品和飲料
    • 市場走向
    • 市場預測
  • 紡織品
    • 市場走向
    • 市場預測
  • 個人護理產品
    • 市場走向
    • 市場預測
  • 藥品
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 9 章:按地區分類的市場區隔

  • 北美洲
    • 美國
      • 市場走向
      • 市場預測
    • 加拿大
      • 市場走向
      • 市場預測
  • 亞太
    • 中國
      • 市場走向
      • 市場預測
    • 日本
      • 市場走向
      • 市場預測
    • 印度
      • 市場走向
      • 市場預測
    • 韓國
      • 市場走向
      • 市場預測
    • 澳洲
      • 市場走向
      • 市場預測
    • 印尼
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 歐洲
    • 德國
      • 市場走向
      • 市場預測
    • 法國
      • 市場走向
      • 市場預測
    • 英國
      • 市場走向
      • 市場預測
    • 義大利
      • 市場走向
      • 市場預測
    • 西班牙
      • 市場走向
      • 市場預測
    • 俄羅斯
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 拉丁美洲
    • 巴西
      • 市場走向
      • 市場預測
    • 墨西哥
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 中東和非洲
    • 市場走向
    • 按國家/地區分類的市場細分
    • 市場預測

第 10 章:SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章:價值鏈分析

第 12 章:波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章:價格分析

第14章:競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Aurora Cannabis
    • Boring Hemp Company
    • Ecofibre Limited
    • Hemp Inc
    • HempFlax Group BV
    • Hempro International GmbH
    • MH medical hemp GmbH
    • Parkland Industrial Hemp Growers Co-op. Ltd.
    • South Hemp Tecno srl
    • Valley Bio Limited
Product Code: SR112023A4473

Abstract

The global industrial hemp market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 16.67% during 2022-2028. The widespread product adoption in the food and beverage sector due to high nutritional value, the rise of craft breweries using hemp as an ingredient in their brews, and the accelerating pharmaceutical sector's interest in cannabinoids, specifically cannabidiol (CBD) are some of the major factors propelling the market.

Industrial hemp, a member of the Cannabis sativa plant species, has been utilized for thousands of years across multiple industries due to its versatility and rapid growth. While it shares a genus with the marijuana plant, it differs significantly in its composition. Industrial hemp contains only a minimal amount of THC (tetrahydrocannabinol), the psychoactive compound found in higher concentrations in marijuana, making it non-intoxicating. It is primarily valued for its fibers, seeds, and oil. The strong, durable fibers are used in the production of textiles, rope, and paper, while the seeds and oil, rich in proteins and healthy fats, are used in food and cosmetics. Additionally, hemp has gained attention for its potential in the green building sector and as a source for biofuel. This environmentally friendly crop requires less water than many other commercial crops, adds nutrients to the soil, and aids in pest control, promoting sustainable farming practices.

Industrial hemp is finding increasing acceptance in the food and beverage sector majorly drives the global market. This can be supported by the widespread product adoption due to its high nutritional value. Hemp seeds are rich in fiber, protein, and a variety of vitamins and minerals, making them a desirable ingredient in health-focused food products. Therefore, the rise of craft breweries using hemp as an ingredient in their brews also contributes to the growing market. Along with this, investment in research and development, especially, is a crucial driver for the market. It's fostering innovation and helping unlock new uses for industrial hemp across various industries. In addition, research is key in refining cultivation practices, improving crop yields, and enhancing the quality of hemp-based products, all of which directly contribute to market expansion. In addition, the rising pharmaceutical sector's interest in cannabinoids, specifically cannabidiol (CBD), derived from industrial hemp is a potent growth driver. CBD is being studied and used in the treatment of several health conditions, such as epilepsy, anxiety, and chronic pain. Moreover, research in refining cultivation practices, improving crop yields, and enhancing the quality of hemp-based products, is creating a positive market outlook.

Industrial Hemp Market Trends/Drivers:

Rising Demand for Hemp-Based Products

The versatility of industrial hemp has led to a rise in demand for hemp-derived products, further impacting the market. Along with this, consumer interest in sustainable, natural products is growing, and hemp-based offerings, ranging from textiles and construction materials to food and cosmetics, are finding favor in the market. For instance, the health and wellness sector has seen a spike in the popularity of hemp seeds and oil due to their rich nutritional profile, including essential fatty acids and proteins. Therefore, this is significantly supporting the market. Similarly, the growing trend of plant-based diets and veganism also supports the hemp industry, as hemp seeds are an excellent source of plant-based protein.

Sustainability and Environmental Factors

With rising concerns about environmental sustainability and a global push towards more responsible farming practices, industrial hemp is becoming increasingly attractive. Also, this crop requires less water, grows faster, and is typically less dependent on synthetic fertilizers and pesticides compared to traditional cash crops. Thus, it is also positively influencing the market across the globe. In confluence with this, hemp's capability to remediate soil by absorbing harmful pollutants can contribute to more sustainable land management, further acting as a growth-inducing factor. Moreover, hemp-based materials, such as hempcrete, are gaining attention as eco-friendly alternatives to traditional building materials, fueling the market growth.

Industrial Hemp in Biofuel Production

Industrial hemp's potential as a biofuel source is a significant driver for market growth. Amid increasing concerns about climate change and the global commitment to reduce carbon emissions, alternative and renewable energy sources are highly sought after. In addition, hemp biomass can be converted into biodiesel and ethanol, positioning hemp as a promising renewable energy source. Its fast growth rate and high biomass yield compared to other crops make it a viable option for large-scale biofuel production. As more research is conducted and technologies advance, hemp's role in the biofuel industry could significantly boost the overall market demand for this versatile crop.

Industrial Hemp Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global industrial hemp market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, source and application.

Breakup by Type:

Hemp Seed

Hemp Oil

Hemp Fiber

Others

Hemp seed dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes hemp seed, hemp oil, hemp fiber, and others. According to the report, hemp seed represented the largest segment.

The hemp seed segment of the industrial hemp industry is witnessing significant growth, driven by the rising recognition of hemp seeds' nutritional value. Hemp seeds are rich in proteins, dietary fiber, and a balanced ratio of essential omega-3 and omega-6 fatty acids, positioning them as a superfood. As consumer awareness increases and health and wellness trends continue to influence dietary habits, demand for hemp seeds is growing. Additionally, the seeds' non-dairy, gluten-free, and plant-based characteristics align well with the rise of veganism and dietary restrictions, further boosting market demand. Another driver is the wide range of applications for hemp seeds in different industries. In the food and beverage industry, they're used as ingredients in products like granola bars, baked goods, and even beverages. In the cosmetics industry, hemp seed oil is valued for its moisturizing properties.

Breakup by Source:

Conventional

Organic

Conventional dominate the market

A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes conventional and organic. According to the report, conventional represented the largest segment.

The conventional source segment, referring to the traditional cultivation of industrial hemp without specific organic protocols, plays a significant role in the overall hemp industry. It continues to drive the market, largely due to the established practices and lower costs associated with conventional farming compared to organic farming. One primary driver is the ability to scale operations quickly. Traditional farming methods, often supported by synthetic fertilizers and pesticides, can lead to higher yield rates, enabling a more rapid response to increasing market demand. Additionally, the regulatory landscape for conventional hemp farming is becoming clearer, with many regions defining guidelines for cultivation, processing, and distribution, thus reducing uncertainties for conventional hemp producers. Apart from this, advancements in breeding and cultivation technologies, such as genetic modification and hybridization, are improving the quality and resilience of conventionally grown hemp, leading to better product output.

Breakup by Application:

Food and Beverages

Textiles

Personal Care Products

Pharmaceuticals

Others

Food and beverages dominate the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes food and beverages, textiles, personal care products, pharmaceuticals, and others. According to the report, food and beverages represented the largest segment.

The application of industrial hemp in the food and beverages sector is a strong market driver, propelled by a combination of nutritional benefits, emerging health trends, and growing consumer awareness. Hemp seeds and oil are rich in essential nutrients, including protein, omega-3 and omega-6 fatty acids, and dietary fiber. This nutritional profile positions hemp as a superfood, attracting health-conscious consumers and driving demand in the food and beverage sector. Also, the rise of veganism and plant-based diets has boosted the popularity of hemp as a protein source, given that hemp seeds are a complete protein, providing all the essential amino acids. Furthermore, the trend toward natural and organic ingredients in food and beverage products is favoring the inclusion of hemp. In beverages, hemp is being used in smoothies, non-dairy milk alternatives, and even craft beers, expanding its footprint in the sector. As these health and dietary trends continue to evolve, and as the culinary potential of hemp is further explored, the use of hemp in the food and beverages industry is set to increase significantly.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest industrial hemp market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market.

The market growth for industrial hemp in the Asia Pacific region is fueled by a convergence of economic, regulatory, and consumer trends. Economically, the region's agricultural strength provides a solid base for the cultivation of industrial hemp. Countries, such as China, a leading global producer of hemp, have a long history of hemp cultivation and well-established infrastructure for its processing, providing a solid foundation for industry growth. Regulatory shifts are also a major driver. Several countries in the region are reassessing their stance on industrial hemp, relaxing regulations to allow cultivation and processing, which is unlocking new opportunities for the market.

Moreover, growing consumer awareness and demand for hemp-based products, from textiles to health foods and personal care products, is accelerating market growth. In addition, the increased interest in sustainable and natural products among consumers in the Asia Pacific region is particularly beneficial for the hemp industry. Furthermore, the expanding research and development in the field of industrial hemp, with focus on new applications and improvement in cultivation techniques, is also a significant driver for the industrial hemp market in this region.

Competitive Landscape:

The global industrial hemp market is experiencing significant growth due to the employment of best practices to ensure high-quality hemp plants, which are rich in CBD (cannabidiol) and other beneficial compounds. Several companies are focusing on the extraction of CBD and other valuable cannabinoids from hemp plants through extraction methods, such as CO2 extraction, to obtain pure and potent extracts used in different products. Thus, it is significantly supporting the market. Along with this, the development of hemp-derived products, such as CBD oils, tinctures, edibles, topicals, and capsules is positively influencing the market. In addition, with the evolving legal landscape surrounding hemp and CBD products, companies closely monitor and adhere to local, national, and international regulations. Ensuring compliance with established standards is crucial to maintain credibility and consumer trust. Apart from this, some companies are emphasizing sustainable farming practices and ethical sourcing of hemp, which is acting as another growth-inducing factor. Furthermore, the escalating number of collaborations with scientific institutions to study the potential health benefits and industrial applications of hemp is contributing to the market.

The report has provided a comprehensive analysis of the competitive landscape in the global industrial hemp market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Aurora Cannabis

Boring Hemp Company

Ecofibre Limited

Hemp Inc

HempFlax Group B.V.

Hempro International GmbH

MH medical hemp GmbH

Parkland Industrial Hemp Growers Co-op. Ltd.

South Hemp Tecno srl

Valley Bio Limited.

Recent Developments:

In May 2020, Aurora Cannabis and Reliva, LLC stated that they signed a contract under which Aurora will buy all of Reliva's issued and outstanding membership interests.

In September 2022, Ecofibre Limited formally introduced Green II Gold, a ground-breaking new CBD-based skincare range. The first skincare line, Green II Gold, was created from the ground up to combine clinical strength, full spectrum hemp extract from Ananda Professional with robust botanical-based ingredients to provide professional-level products for spas and salons.

In February 2023, Hemp Inc announced the sale of its largest-ever industrial product. DrillWallTM, the only all-natural kenaf/hemp Loss Circulation Material (LCM) mix of its sort on the market, was transported by four semi-trucks in a shipment of 120,000 pounds for the oil and gas well drilling sectors.

Key Questions Answered in This Report

  • 1. What was the size of the global industrial hemp market in 2022?
  • 2. What is the expected growth rate of the global industrial hemp market during 2023-2028?
  • 3. What has been the impact of COVID-19 on the global industrial hemp market?
  • 4. What are the key factors driving the global industrial hemp market?
  • 5. What is the breakup of the global industrial hemp market based on the type?
  • 6. What is the breakup of the global industrial hemp market based on the source?
  • 7. What is the breakup of the global industrial hemp market based on the application?
  • 8. What are the key regions in the global industrial hemp market?
  • 9. Who are the key players/companies in the global industrial hemp market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Industrial Hemp Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Hemp Seed
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Hemp Oil
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Hemp Fiber
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Source

  • 7.1 Conventional
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Organic
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Food and Beverages
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Textiles
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Personal Care Products
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Pharmaceuticals
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Aurora Cannabis
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 Boring Hemp Company
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Ecofibre Limited
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
    • 14.3.4 Hemp Inc
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 HempFlax Group B.V.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Hempro International GmbH
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 MH medical hemp GmbH
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Parkland Industrial Hemp Growers Co-op. Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 South Hemp Tecno srl
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 Valley Bio Limited
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio

List of Figures

  • Figure 1: Global: Industrial Hemp Market: Major Drivers and Challenges
  • Figure 2: Global: Industrial Hemp Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Industrial Hemp Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Industrial Hemp Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Industrial Hemp Market: Breakup by Source (in %), 2022
  • Figure 6: Global: Industrial Hemp Market: Breakup by Application (in %), 2022
  • Figure 7: Global: Industrial Hemp Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Industrial Hemp (Hemp Seed) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Industrial Hemp (Hemp Seed) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Industrial Hemp (Hemp Oil) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Industrial Hemp (Hemp Oil) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Industrial Hemp (Hemp Fiber) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Industrial Hemp (Hemp Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Industrial Hemp (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Industrial Hemp (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Industrial Hemp (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Industrial Hemp (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Industrial Hemp (Organic) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Industrial Hemp (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Industrial Hemp (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Industrial Hemp (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Industrial Hemp (Textiles) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Industrial Hemp (Textiles) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Industrial Hemp (Personal Care Products) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Industrial Hemp (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Industrial Hemp (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Industrial Hemp (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Industrial Hemp (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Industrial Hemp (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: North America: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: North America: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: United States: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: United States: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: Canada: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: Canada: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: Asia-Pacific: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: Asia-Pacific: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: China: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: China: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: Japan: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: Japan: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: India: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: India: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: South Korea: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: South Korea: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: Australia: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: Australia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Indonesia: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Indonesia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Others: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Europe: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Europe: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Germany: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Germany: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: France: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: France: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: United Kingdom: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: United Kingdom: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Italy: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Italy: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Spain: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Spain: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Russia: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Russia: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Others: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Latin America: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Latin America: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Brazil: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Brazil: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Mexico: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Mexico: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Others: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Others: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Middle East and Africa: Industrial Hemp Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Middle East and Africa: Industrial Hemp Market: Breakup by Country (in %), 2022
  • Figure 78: Middle East and Africa: Industrial Hemp Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 79: Global: Industrial Hemp Industry: SWOT Analysis
  • Figure 80: Global: Industrial Hemp Industry: Value Chain Analysis
  • Figure 81: Global: Industrial Hemp Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Industrial Hemp Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Industrial Hemp Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Industrial Hemp Market Forecast: Breakup by Source (in Million US$), 2023-2028
  • Table 4: Global: Industrial Hemp Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Industrial Hemp Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Industrial Hemp Market: Competitive Structure
  • Table 7: Global: Industrial Hemp Market: Key Players