Hemp Derivatives Market 2021-2027 Global Industry research report explores analysis of historical data along with size, share, growth, demand and revenue of the global Hemp Derivatives and estimates the future trend of market on the basis of this detailed study. The study shares market performance both in terms of volume and revenue and this factor which is useful & helpful to the business.
(**Note: The sample of this report is updated with COVID-19 impact analysis**)
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Industrial hemp is a strain of the plant called Cannabis sativa species, which is cultivated specifically for the industrial uses of its derived products. It is refined into a variety of commercial items, including paper, textiles, clothing, biodegradable plastics, paint, insulation, biofuel, food, and animal feed. According to Health Canada industrial hemp includes Cannabis plants and plant parts, of any variety, that contains 0.3% tetrahydrocannabinol (THC) or less in the leaves and flowering heads. Manufacturers are offering hemp oil, hemp fiber, and other derivatives for global customers. Hemp seeds can be consumed raw, made into dried sprout powder, ground into hemp meal, and sprouted. Hemp seeds are used for baking, can also be used for beverages such as hemp milk and tisanes. Hemp oil is produced through cold-pressed from the seed and is high in unsaturated fatty acids. A 100-gram of hulled hemp seeds contains 586 calories. Also, it contains 5% water, 5% carbohydrates, 49% total fat, and 31% protein. Due to the wider application and nutritional benefits of hemp derivatives, this market is growing.
The hemp derivatives market has witnessed a significant growth owing to factors such as increasing consumer awareness regarding the nutritional benefits related to hemp derivatives and growing cultivation of industrial hemp. Also, hemp derivatives find its applications in several end-use industries such as food and beverage, pharmaceuticals, personal care, animal feed, industrial, and others, which is further driving the demand of the market. Significant growth in the food processing industries in emerging countries is also adding inputs to the growth of the hemp derivatives market. However, climatic changes may hamper the cultivation of hemp plants; also, uncertain economic conditions and fluctuation in the demand-supply of hemp derivatives may impact the growth of this market. Nevertheless, with the growing demand for hemp derivatives form various end-use industries, market players have the opportunity to invest in this market.
Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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The report is a combination of qualitative and quantitative analysis of the virtual reality industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
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