Global Hemp-based Products Market Analysis

The global Hemp-based Products market was valued at US$ 7.2 Bn. in 2023 and is projected to reach US$ 20.5 Bn. by 2030, growing at a CAGR of 22.1% during the forecast period.

Market Overview

This study aims to provide a comprehensive analysis of the Hemp-based Products market segmented by component, application, industry, and geography. It delves deeply into the key drivers propelling market growth and offers an extensive evaluation of the market's value chain.

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Market Scope

The research methodology to evaluate and forecast the Hemp-based Products market begins with secondary research utilizing sources that gather revenue data from major suppliers. Vendor offerings are considered in market segmentation calculations. The total size of the Hemp-based Products market is determined using the bottom-up approach, based on revenue data from significant enterprises.

Drivers

The Hemp-based Products market report addresses the major drivers and constraints affecting market growth.

Segmentation

by Product Type

Hemp oil
Seeds
Fibres
Protein
CBD-infused

by Application

Food and drinks
Textiles
Personal care
Pharmaceuticals
Others

by Source

Organic
Conventional

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Key Players

The leading players in the Hemp-based Products market report include: 

1. Charlotte's Web (Colorado)
2. HempMeds (South Carolina)
3. Lazarus Naturals (Oregon)
4. Endoca (Denmark)
5. CBDfx (Nevada)
6. Joy Organics (Colorado)
7. Green Roads (Florida)
8. Royal CBD (Nevada)
9. NuLeaf Naturals (Colorado)
10. CBDistillery (Colorado)
11. HempFlax (Netherlands)
12. Hemptiva (India)
13. Hempura (India)
14. Lord Jones (New York)
15. Medterra (Arizona)
16. CBD American Shaman (Washington)
17. FabCBD (California)
18. CBDMD (Florida)
19. PureKana (Arizona)
20. CBD For Life (Nevada)
21. Blessed CBD (United Kingdom)
22. Hempika (Poland)
23. CBD Therapy (Brazil)
24. Hemp.Direct (Australia)
25. Green Lotus Hemp (Argentina)
26. Hemp Bombs (Nevada)
27. CBD Pure (United Kingdom)

Regional Analysis

Market share statistics are available for global regions including North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. Analysts at Maximize conduct a detailed competitive analysis for each key player in these regions.

COVID-19 Impact Analysis on Hemp-based Products Market

The COVID-19 pandemic has impacted various industries such as aerospace and defense, agriculture, automotive, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. The Hemp-based Products market has been affected by the pandemic, influencing growth rates in 2019-2020. Our latest insights, opinions, and guidance are crucial for businesses and organizations within the Hemp-based Products industry to navigate the challenges posed by the COVID-19 crisis, ensuring the delivery of reliable data and insights to CEOs.

Key Questions Answered in the Hemp-based Products Market Report

• Which segment captured the largest share in the Hemp-based Products market?
• What was the competitive landscape of the Hemp-based Products market in 2020?
• What are the key factors driving the growth of the Hemp-based Products market?
• Which region held the largest share in the Hemp-based Products market in 2020?

About Maximize Market Research

Maximize Market Research is a multifaceted market research and consulting firm with expertise in various industries including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, critical market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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