Based on by Product The publisher has segmented Global Hemp Seeds Market into Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil and Hemp Protein Powder. Owing to the surge in research and studies has risen awareness about hemp protein among consumers. Hemp protein powder has the highest market it is consumed in smoothies and shakes, giving consumers an earthy taste. On the other hand, hempseed oil is getting popular because it helps balance oily skin, calm inflammation, and reduces irritation on the skin. As per the research findings, Global Hemp Seeds Industry is expected to grow with a CAGR of 4.95% from 2020 to 2027.
The government regulates the hemp seed market across the world. There are various strict policy and licenses from different country that control hemp protein products. State authorities are required to grow and distribute these products. These regulations are one of the most significant challenges faced by the global hemp seed market. Moreover, 2018 farm bill enforcement of rules has removed the requirement to register for Drug Enforcement Administration (DEA) for growing certain kind of cannabis. The United States Department of Agriculture (USDA) recent approval positively impacts the hemp seed products market. As per this report, Worldwide Hemp Seed Market was US$ 388.46 Million in the year 2020.
Among countries, the United States is investing in manufacturing various industrial hemp types, and China is the highest exporter of raw and processed hemp to the United States, followed by Romania and Hungry. This small scale hemp industry and consumer are likely to propel the U.S hemp seed market in the forecast period. People worldwide are not much come across the benefits of hemp seed so its market will grow steadily, but its health benefits and nutritional benefits will propel the global hemp seed market.
The various key players have adopted acquisition and blooming strategy to hike profitability and strengthen their foothold in the hemp seed market globally. Besides, players have relied on product launch to improve their product portfolio and stay competitive. The critical players depicted in the report include Naturally Splendid Enterprises Ltd., Darling ingredients Inc, Agropur, Aurora cannabis. These players concentrate on the development of products which have beneficial uses.
This report title "Hemp Seeds Market Global Forecast By Product (Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others), Application (Food & Beverages, Personal Care Product, Industrial Products and Others), Regions (North America, Europe, Asia Pacific, Latin America and ME&A), Company Analysis (Naturally Splendid Enterprises Ltd., Darling ingredients Inc, Agropur and Aurora cannabis)" report provides in depth analysis on current trends of Global Hemp Seeds Industry.
Product - Market breakup from 5 Types of Hemp Seeds
1. Whole Hemp Seed
2. Hulled Hemp Seed
3. Hemp Seed Oil
4. Hemp Protein Powder
5. Others
Application - Market breakup from 4 Types of Applications
1. Food & Beverages
2. Personal Care Products
3. Industrial Products
4. Others
Regions - Market breakup of 5 Countries
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
All companies have been covered from 3 viewpoints
- Overviews
- Recent Developments
- Revenues
Company Analysis
1. Naturally Splendid Enterprises Ltd
2. Darling Ingredients Inc
3. Agropur
4. Aurora Cannabis
Table of Contents
Companies Mentioned
- Naturally Splendid Enterprises Ltd
- Darling Ingredients Inc
- Agropur
- Aurora Cannabis
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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