d shives for their usage majorly in nutritional supplements, food & beverages, personal care, animal feed, pulp & paper, textile, building materials, bio-composites, and animal bedding. Dietary benefits related with the product, which is a rich source of omega-6, omega-3, protein, and amino acids, is expected to power the requirement of industrial hemp.
Industrial hemp is a niche crop cultivated for its environmental benefits, unique properties, and high yield of natural fiber. The large biomass productivity of hemp fiber is making wide series of opportunities for firms comprised in textile manufacturing as well as makers of technical textiles comprising canvas, geotextiles, and carpets amongst different others thus powering the growth of the market.
The Industrial Hemp Market Size In North America, Power By The US And Canada, Is Predicted To Clock A Huge Development
The industrial hemp market size in North America, power by the US and Canada, is predicted to clock a huge development due to increasing consumer awareness related to product advantages. Increasing popularity of CBD or cannabidiol goods due to rising consumer awareness associated to medical advantages related to it comprising natural healing and restorative properties is expected to power CBD market requirement from personal care sector in the area. The demand for industrial hemp market in Europe, led by France, UK, Germany, and Italy, may grow strongly over the coming period.
Rising Applications In Food & Beverage, Personal Care, Bio Composite, And Textile Sectors Is Expected To Power Industrial Hemp Market Size
Rising applications in food & beverage, personal care, bio composite, and textile sectors is expected to power industrial hemp market size. Rise in hemp oil requirement due to high essential fatty acids level that alleviate and prevents ailments are the factors adding to growth of the global market from food & beverage industry. Shift in health trends & user sociological towards healthy foods, rising elderly population, and improving personal health will boost growth of the global market. Hemp seeds are employed in margarine, salad oil, dairy alternative, and protein flour due to its favorable nutrient profile. Solid development in food & beverage industry all over the world along with increasing user consciousness associated to essential oils, fatty acids, vitamins, minerals, protein, and fiber content present is expected to add towards product requirement.
Key Players in the Industrial Hemp Market Report
The major players included in the global industrial hemp market forecast are American Cannabis Company, Marijuana Company of America, Valley Bio Limited, and Terra Tech Corp
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