Leniency in Regulations to Benefit Hemp Based Products Market
With commercialization of Hemp, more than 55 countries in the world have legalized hemp based products. For instance, US government passed the Hemp Farming Bill in 2018 to make hemp an ordinary agricultural commodity, allowing the cultivation, processing, sale and distribution of hemp based products. Streamlining of regulations have resulted in faster adoption of the long-dormant hemp crop in myriad industries. With an astounding growth outlook, the global hemp based products market is projected to grow at an extraordinary CAGR of 23.8% during the forecast period (2019 - 2029) and is expected to be valued at US$ 19.6 billion, reveals Fact.MR’s report.
Food Products Will Continue to Dominate Demand Pie in Hemp Based Products Market
Legalization of hemp based products has become the paramount goal for various governments around the globe. Hemp is a farming commodity that is plowed and utilized in a wide range of products, including food & beverages. Apart from chocolates, gummy candies and sodas, hemp plant extracts are vastly consumed as a breakfast cereal due to its nutrient-rich profile of essential fatty acids, which are needed for the proper functioning of the body. In addition, hemp plant based beverages & milk are getting popular owing to the nutritional values it offers. Fact.MR opines that in product type category, food products segment is projected to be valued at US$ 2.1 billion and is set to contribute over 10% of global revenue shares by 2029 end.
High Growth Trajectory for Supermarkets and Hyper Markets in Hemp Based Products
Owing to increased rate of urbanization, there has been significant surge in the number of FMCG retail avenues such as hypermarkets, supermarkets etc. These retail channels are simplified with high customer engagement which has resulted in deeper market penetration of hemp based products. Due to legal aspects such as the minimum age to consume hemp based products, majority of the manufacturers prefer to sell these products through brick-and-mortar channels over online platforms. Fact.MR projects that in the sales channel category, offline retail segment is expected to grow more than 7X during the forecast period of 2019 - 2029.
Nutritional Benefits of the Hemp Based Cosmetics Products to Skyrocket Demand
In recent few years, increased awareness about unsafe effects of the highly toxic chemical ingredients that are used in the cosmetics, skin & personal care products has opened the trajectory for natural ingredients found in hemp based products. Manufacturers of cosmetics & personal care products are adopting hemp based ingredients for their products in order to gain a competitive advantage such has high nutritional value and reduced skin inflammation etc. Owing to increased demand of hemp based cosmetics, skin & personal care products, Fact.MR projects that the hemp based cosmetic products will grow more than 20% year on year till 2029.
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Developed Economies to be Frontrunners for Hemp Based Products
As the hemp based products are getting popular due to the benefits they offer in various categories such as food & beverages, cosmetics, health care, fibers etc., countries in the developed regions such as North America and Europe are likely to adopt hemp based products rapidly in the forecast period. North America & Europe hemp based products market collectively captured more than 70% of market value in 2019 and are likely to grow 6.5X during the assessment period.
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Continuous Innovations in Hemp Based Products to Bolster their Demand
The market leaders are vying for optimal and sustained growth through continuous addition and innovation of hemp based products into their portfolio. For Instance, In June 2019, Victory Hemp Foods launched two hemp based ingredients for food & nutritional product applications. Also, in December 2019, Canopy Growth Corporation launched hemp-derived CBD products such as oil drops, soft-gels and creams to the US market.
Hemp Based Products Market - Scope of the Report
Fact.MR recently published a market study on the global market for hemp based products. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the hemp based products market structure. The market study presents exclusive information about how the hemp based products market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the hemp based products market in the forecast period.
The study is relevant for stakeholders in the hemp based products market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the hemp based products market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the hemp based products market. It also offers actionable insights based on future trends in the hemp based products market. Furthermore, small businesses and new entrants in the hemp based products market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Hemp Based Products Market
Fact.MR’s study on the hemp based products market offers information divided into four key segments - product, application, sales channel and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Key Questions Answered in the Fact.MR’s Hemp Based Products Market Report
- Which regions will continue to remain the most profitable regional markets for hemp based products market players?
- Which factors will induce a change in the demand for hemp based products during the assessment period?
- How will changing trends impact the hemp based products market?
- How can market players capture the low-hanging opportunities in the hemp based products market in developed regions?
- Which companies are leading the hemp based products market?
- What are the winning strategies of stakeholders in the hemp based products market to upscale their position in this landscape?
Hemp Based Products Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the hemp based products market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of the hemp based products market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Findings
1.3. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Introduction / Definition
2.2. Market Coverage / Taxonomy
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Market Background
4.1. Cannabis Global Phenomena
4.1.1. Global Industry Opportunity in Context
4.1.2. Potential Cannabis Capture of Leading Industry
4.1.3. Cannabis Consumer Archetypes
4.1.4. Five Forces Disrupting the Global Cannabis Consumer Market
4.1.5. Cannabis Infused Products – A Case Study
4.1.6. Hemp Penetration in Total Cannabis Cultivation
4.2. Key Hemp Producing Countries Overview
4.2.1. Hemp Production Capacity, By Key Country
4.3. Global Hemp Yield Outlook
4.3.1. Total Harvested Area (Hectares), by Region
4.3.2. Hemp Yield (Kg) Per Hectare of Land
4.4. Global Hemp Infused Food & Beverages Market Overview
4.4.1. Hemp infused Beverages Market Value (US$ Mn) and Forecast
4.4.1.1. Hemp Water
4.4.1.2. Hemp Tea & Coffee
4.4.1.3. Hemp Juice
4.4.1.4. Carbonated Drinks
4.4.1.5. Hemp Beer
4.4.1.6. Others
4.4.2. Hemp infused Edibles Market Value (US$ Mn) and Forecast
4.4.2.1. Energy Bars
4.4.2.2. Gummies & Candies
4.4.2.3. Chocolates
4.4.2.4. Cookies
4.4.2.5. Others
4.5. Global Hemp Fiber Market Overview
4.5.1. Hemp Fiber Market Value (US$ Mn) and Forecast
4.5.1.1. Clothing
4.5.1.1.1. Shoes
4.5.1.1.2. Shirt, T-Shirts and Jackets
4.5.1.1.3. Shorts, Pants & Jeans
4.5.1.1.4. Undergarments
4.5.1.1.5. Others
4.5.1.2. Accessories
4.5.1.2.1. Wallet
4.5.1.2.2. Backpacks
4.5.1.2.3. Sunglasses
4.5.1.2.4. Necktie
4.5.1.2.5. Belt
4.5.1.2.6. Phone Case & Laptop Sleeves
4.5.1.2.7. Ornaments
4.5.1.2.8. Others
4.5.1.3. Exercise & Fitness Products
4.5.1.3.1. Yoga Mats
4.5.1.3.2. Meditation Cushions
4.5.1.3.3. Others
4.5.1.4. Papers
4.5.1.5. Others
4.5.2. Hemp Fiber Reinforced Plastic Edibles Market Value (US$ Mn) and Forecast
4.5.2.1. Office & Home Furniture
4.5.2.2. Automotive Components
4.5.2.3. Electrical Appliances
4.5.2.4. Consumer Products
4.5.2.5. Others
4.6. Global Hemp Cosmetics, Personal & Skin Care Market Outlook
4.6.1. Creams & Moisturizers
4.6.2. Masks & Serums
4.6.3. Cleansers
4.6.4. Sunscreens
4.6.5. Soap & Shampoo
4.6.6. Makeup Remover Pads
4.6.7. Beard Balm
4.6.8. Others
4.7. Global Medical Cannabis Market Outlook, By Region
4.7.1. Demand of Medical Cannabis (US$ Mn), By Region
4.7.1.1. North America
4.7.1.2. Latin America
4.7.1.3. Europe
4.7.1.4. Asia Pacific
4.7.1.5. Middle East & Africa
4.7.2. Penetration of Hemp in Medical Cannabis Market
4.7.3. Hemp Derived Drugs Market Overview
4.8. Government Policies & their Impact
4.8.1. Impact of Government policies on Hemp Cultivation
4.8.2. Impact of Government Policies on Hemp Based Product Market
4.8.3. Cannabis’ Potential to Disrupt the Pharma Industry
4.8.4. Prescription Medication Spending by Condition (US$ BN)
4.8.5. Medical Cannabis Program Regulations & Oversight
4.9. Global Demand - Supply Analysis
4.9.1. Key Cultivation Clusters
4.9.2. Total Available Opportunity for Hemp
4.9.3. Key Hemp Importing Countries
4.9.4. Key Hemp Exporting Countries
4.10. Per Capita Spending on Hemp Product, By Regions
4.11. Recent Investment Announced in Hemp Based Product Market
4.12. Opportunity Assessment
4.12.1. Total Available Market (US$ Mn)
4.12.2. Serviceable Addressable Market (US$ Mn)
4.12.3. Serviceable Obtainable Market (US$ Mn)
4.13. Market Dynamics
4.13.1. Growth Drivers and Impact Analysis
4.13.2. Prominent Market Challenges and Impact Analysis
4.13.3. Industry Trends and Impact Analysis
4.13.4. Opportunities in Hemp Based Product Market & Impact Analysis
4.14. Macro-Economic Factors
4.14.1. Global GDP Growth Outlook
4.14.2. Global Industry Value Added
4.14.3. Consumer Confidence Index
4.14.4. Increase in Geriatric Population
4.14.5. Growth Global Healthcare Market
4.14.6. Government Policies Effecting the Framework
4.14.7. Per Capita Healthcare Expenditure
4.15. Forecast Factors - Relevance & Impact
4.15.1. Top Companies Historical Growth
4.15.2. Growth in Hemp Yield
4.15.3. Medical Cannabis Processing Capacity Growth
4.15.4. Medical Cannabis Trade Tariffs and Regulation Outlook
4.16. Value Chain Analysis
4.16.1. Area Under Cultivation
4.16.2. Yield Analysis
4.16.3. Production and Processing Capacity
4.16.4. Role of Traders
4.16.5. Profit Margins Market
5. Key Success Factors
5.1. Exploring Untapped Market
5.2. Capture Position in Emerging Market
5.3. Identifying Emerging End Use Sectors
6. Global Hemp Based Products Market - Pricing Analysis
6.1. Regional Pricing Analysis By Product
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
7. Global Hemp Based Products Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029, By Product
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Product, 2014 - 2018
8.3. Current and Future Market Size (US$ Mn) Analysis
8.3.1. Food
8.3.1.1. Beverages
8.3.1.2. Edibles
8.3.2. Healthcare
8.3.2.1. Hemp Oil
8.3.2.2. Medicinal Drugs
8.3.2.3. Supplements
8.3.3. Cosmetics, Personal & Skin Care
8.3.4. Fibers
8.3.4.1. Raw Fibers
8.3.4.2. Fiber reinforced plastic
8.3.5. Others
8.4. Market Attractiveness Analysis By Product
9. Global Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Application, 2014 - 2018
9.3. Current and Future Market Size (US$ Mn) Analysis
9.3.1. Personal
9.3.2. Industrial
9.4. Market Attractiveness Analysis By Application
10. Global Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029, By Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Sales Channel, 2014 - 2018
10.3. Current and Future Market Size (US$ Mn) Analysis
10.3.1. Online
10.3.1.1. Direct To Customer
10.3.1.2. Third Party Online Channel
10.3.2. Offline
10.3.2.1. Specialty Stores
10.3.2.2. Supermarket & Hyper Market
10.3.2.3. Others
10.4. Market Attractiveness Analysis By Application
11. Global Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2014 - 2018
11.3. Current Market Size (US$ Mn) Analysis
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Asia Pacific
11.3.5. MEA
11.4. Market Attractiveness Analysis By Region
12. North America Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
12.4.1. By Country
12.4.1.1. U.S.
12.4.1.2. Canada
12.4.2. By Product
12.4.3. By Application
12.4.4. By Sales Channel
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product
12.5.3. By Application
12.5.4. By Sales Channel
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis
13. Latin America Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
13.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Argentina
13.4.1.4. Rest of Latin America
13.4.2. By Product
13.4.3. By Application
13.4.4. By Sales Channel
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product
13.5.3. By Application
13.5.4. By Sales Channel
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Europe Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
14.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. Italy
14.4.1.3. France
14.4.1.4. U.K.
14.4.1.5. Spain
14.4.1.6. BENELUX
14.4.1.7. Russia
14.4.1.8. Rest of Europe
14.4.2. By Product
14.4.3. By Application
14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product
14.5.3. By Application
14.5.4. By Sales Channel
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Asia Pacific Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
15.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.2. By Product
15.4.3. By Application
15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product
15.5.3. By Application
15.5.4. By Sales Channel
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. Middle East and Africa Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
16.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
16.4.1. By Country
16.4.1.1. GCC Countries
16.4.1.2. Turkey
16.4.1.3. Northern Africa
16.4.1.4. South Africa
16.4.1.5. Rest of Middle East and Africa
16.4.2. By Product
16.4.3. By Application
16.4.4. By Sales Channel
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product
16.5.3. By Application
16.5.4. By Sales Channel
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Potential Countries Hemp Based Products Market Analysis 2014-2018 and Forecast 2019-2029
17.1. Introduction
17.1.1. Market Value Proportion Analysis, By Key Countries
17.1.2. Global Vs. Country Growth Comparison
17.2. China Hemp Based Products Market Analysis
17.2.1. Introduction
17.2.2. Current Hemp based Product Market Scenario
17.2.3. Market Value Proportion Analysis
17.2.4. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
17.3. China Hemp Based Products Market Analysis
17.3.1. Introduction
17.3.2. Current Hemp based Product Market Scenario
17.3.3. Market Value Proportion Analysis
17.3.4. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
17.4. China Hemp Based Products Market Analysis
17.4.1. Introduction
17.4.2. Current Hemp based Product Market Scenario
17.4.3. Market Value Proportion Analysis
17.4.4. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
17.5. China Hemp Based Products Market Analysis
17.5.1. Introduction
17.5.2. Current Hemp based Product Market Scenario
17.5.3. Market Value Proportion Analysis
17.5.4. Market Value (US$ Mn) Analysis and Forecast by Market Taxonomy
18. Market Structure Analysis
18.1. Market Analysis by Tier of Companies (Hemp Based Products)
18.2. Market Concentration
18.3. Production Capacity Analysis, By Market Players
18.4. Market Share Analysis of Top Players
18.5. Market Presence Analysis
18.5.1. By Regional Footprint of Players
18.5.2. Product Footprint by Players
18.5.3. Channel Footprint by Players
19. Competition Analysis
19.1. Competition Dashboard
19.2. Pricing Analysis by Competition
19.3. Competition Benchmarking
19.4. Competition Deep pe
19.4.1. Victory Hemp Foods
19.4.1.1. Overview
19.4.1.2. Product Portfolio
19.4.1.3. Sales Footprint
19.4.1.4. Strategy Overview
19.4.2. Blue Sky Hemp Ventures Ltd.
19.4.2.1. Overview
19.4.2.2. Product Portfolio
19.4.2.3. Sales Footprint
19.4.2.4. Strategy Overview
19.4.3. Canopy Growth
19.4.3.1. Overview
19.4.3.2. Product Portfolio
19.4.3.3. Sales Footprint
19.4.3.4. Strategy Overview
19.4.4. The Alkaline Water Company
19.4.4.1. Overview
19.4.4.2. Product Portfolio
19.4.4.3. Sales Footprint
19.4.4.4. Strategy Overview
19.4.5. New Age Beverages
19.4.5.1. Overview
19.4.5.2. Product Portfolio
19.4.5.3. Sales Footprint
19.4.5.4. Strategy Overview
19.4.6. Manitoba Harvest (Tilray)
19.4.6.1. Overview
19.4.6.2. Product Portfolio
19.4.6.3. Sales Footprint
19.4.6.4. Strategy Overview
19.4.7. Phivida Holdings Inc
19.4.7.1. Overview
19.4.7.2. Product Portfolio
19.4.7.3. Sales Footprint
19.4.7.4. Strategy Overview
19.4.8. CHINA LIAHREN CO.,LIMITED
19.4.8.1. Overview
19.4.8.2. Product Portfolio
19.4.8.3. Sales Footprint
19.4.8.4. Strategy Overview
19.4.9. EnviroTextiles. LLC
19.4.9.1. Overview
19.4.9.2. Product Portfolio
19.4.9.3. Sales Footprint
19.4.9.4. Strategy Overview
19.4.10. Hemp Fortex
19.4.10.1. Overview
19.4.10.2. Product Portfolio
19.4.10.3. Sales Footprint
19.4.10.4. Strategy Overview
19.4.11. Eco Hemp SRL
19.4.11.1. Overview
19.4.11.2. Product Portfolio
19.4.11.3. Sales Footprint
19.4.11.4. Strategy Overview
19.4.12. Other Prominent Player
20. Assumptions and Acronyms Used
21. Research Methodology
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