This report provides insights into the overview, market shares and growth prospects in the organic hemp seed products market. The products constitute hemp milk, hemp, hemp oil, hemp cheese substitutes and hemp based protein powder. These products are organic in nature, and as health consciousness among people increases, there will be an increase in their demand. Hemp oil is highly nutritious, which makes it a health-friendly product.
The report provides an overview, market share of key players and products and growth prospects in the global organic hemp seed products market. The report also analyzes the profiles of the manufacturers mentioned and provides information about the competitive landscape. Key factors influencing market growth along with the risks faced by the key manufacturers are also mentioned. Emerging trends and their impact on the present market, and the future market growth is also discussed in the report.
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Key Players :
The report categorizes the value and volume generated from the organic hemp seed products market by splitting the market into segments. The market is divided into 3 major segments, which are further split into smaller sub-segments.
- Product type Segmentation
- Organic hemp seeds hearts
- Organic hemp seeds oil capsules
- Application Segmentation
- Medicine industry
- Food industry
- Feed industry, others
- Regional Segmentation
- United States
- Southeast Asia
- Middle East & Africa
- South Africa
- GCC Countries
The global organic hemp products market will find increased demand in the future. Region specific information about key manufacturers and their profile is included in the report. The overall hemp market is expected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, a growth of 34% CAGR. China is the largest hemp products producer in the world, with Canada standing at the second position in terms of global hemp production.
On 6th November 2019, VoxMarkets reported that Iofina (IOF) has invested $900,000 into organic vines. This effort is a part of boosting a larger investment of $1.9 Million. This money will be used for the first hemp crop cycle at the Organic Vines green-house facility near Denver, Colorado. After successful production of the first crop, IOF expects to see a return of $1.8 million by mid 2020. Going by the current organic seed prices, IOF believes that the target is achievable. Events such as these, bolsters the future growth prospects of the organic hemp seed products market.
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