Lucintel's latest study found that, The future of the global industrial hemp market looks promising with opportunities in the food & beverage, textile, pharmaceutical, personal care product, animal nutrition, and paper markets. The global industrial hemp market is expected to reach an estimated $24.97 billion by 2030 with a CAGR of 21.2% from 2024 to 2030. The major drivers for this market are rising legalization of industrial hemp cultivation, increasing use of hemp seed and hemp seed oil in food applications, and increasing incidence of chronic diseases.

In this market, hemp seed, hemp seed oil, CBD hemp oil, hemp bast, and hemp hurd are the major segments of industrial hemp market by type.

Lucintel forecasts that hemp seed will remain the largest segment over the forecast period due to high nutrition ratio.

Browse in depth TOC of the Industrial Hemp Market

100 - Figures

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Industrial Hemp Market is marked by presence of several big and small players. Marijuana, Cronos, Ecofibre, Green Thumb Industries, and Curaleaf Holdings are the major suppliers in the industrial hemp market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056