Hemp-based Products Market
Hemp-based Products Market Analysis By Product (Food, Healthcare, Cosmetics, Personal & Skin Care, Fibers, Others), By Application (Personal, Industrial), By Sales Channel (Offline, Online) - Global Market Insights 2023 to 2033
Analysis of Hemp-based Products Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hemp-based Products Market Outlook (2023 to 2033)
The global market for hemp-based products is expected to account for a value of US$ 1.8 billion in 2023 and jump to a size of US$ 16.2 billion by the end of 2033. Sales of hemp-based products are projected to skyrocket at a CAGR of 24.5% from 2023 to 2033.
The legalization of hemp product sales and hemp farming in several countries across the world is a prominent factor that is expected to drive the shipments of hemp-based products over the coming years. New regulations and norms implemented by governments of different countries will crucially determine the future of hemp-based product demand.
- In November 2021, the Food Safety and Standards Authority of India (FSSAI) issued a new notification that allowed the sales of hemp seed flour and hemp seed oil as food products. This opened up new avenues for hemp-based product manufacturers in India and is expected to pave the road for the development of the hemp-based products industry in the country.
Increasing awareness about the benefits of consumption of CBD (Cannabidiol) products, growing scope of application for hemp, rising focus on providing eco-friendly products, rapid commercialization of hemp, and growing demand for hemp-based food products from the vegan population are prime aspects that could promulgate sales of hemp-based products in the future.
However, lack of awareness about the benefits of hemp, prohibition of hemp-based products in certain countries, and complex regulatory norms of legalization are expected to have a restraining effect on the overall market development throughout the forecast period.
Europe and North America collectively account for around 70% of the global market share at present and are expected to maintain a similar outlook over the coming years as well. Rapid legalization of marijuana and CBD products in these regions is expected to be a prominent factor that will help these regions sustain a dominant market share across the forecast period.
All the key trends, challenges, opportunities, and drivers affecting market development on a regional and global level have been discussed extensively in this updated hemp-based products research study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
| Report Attributes | Details |
|---|---|
| Hemp-based Products Market Size (2023) | US$ 1.8 Billion |
| Projected Market Value (2033F) | US$ 16.2 Billion |
| Global Market Growth Rate (2023 to 2033) | 24.5% CAGR |
| Europe & North America Market Share (2022) | ~70% |
| Hemp-based products Market Value (2022) | US$ 1.4 Billion |
| Key Companies Profiled | Hempro International; Tilray Inc.; GFR Ingredients; Blue Sky Hemp Ventures Ltd.; Hemp Foods Australia Pty Ltd.; Aurora Cannabis Inc.; Marijuana Company of America Inc.; Naturally Splendid Enterprises Ltd.; Isodiol International Inc.; Green Source Organics; Hempfoods Ltd.; Navitas LLC; Nutiva; T12 Holdings Pty Ltd. |
How are Start-ups Complementing the Hemp-based Product Consumption Trend?
“New Companies Offering Novel Hemp-based Products and Promoting Them with Innovative Marketing Strategies”
Aspiring hemp-based product market players are expected to focus on the launch of new products that are taking advantage of the healing properties and nutritional properties of hemp.
- India Hemp and Co. was founded in 2019 by sisters Shalini and Jayanti Bhattacharya from Barcelona and Bengaluru. The company provides CBD and hemp-based products on online platforms such as Amazon, Nature’s Basket, and Big Basket in India.
- OG Hemp, an India-based start-up is creating paper from hemp plants to save trees and prevent deforestation. The company is currently the only one in the world that provides 100% hemp paper solutions and this makes it a highly lucrative organization. A rising focus on sustainability is expected to open up new avenues for OG Hemp over the coming years.
Start-ups are also focusing on raising capital to promote business expansion and fast-track the development of new and innovative products.
- In October 2022, Daye, a London-based start-up announced that it had raised around US$ 12 million in a Series A funding round. The company is known for selling tampons and other vaginal care products that are infused with CBD oil. The company was expected to use the funding to expand its business in the United States and support the launch of its at-home vaginal microbiome testing platform.
- In May 2022, Revoltech, a German start-up announced that it has closed a seed round in seven figures for its leather substitute made from 100% upcycled hemp waste materials. The company aims to revolutionize the leather industry with its LOVR (leather-like-without plastic-vegan-residue-based) alternate leather, based on the principles of the circular economy.
- In July 2021, Rainbow, a French start-up providing hemp-based products announced that it had raised around US$ 2 million in its latest funding round, which saw participation from Senseii Ventures and Artemis Growth. The company was expected to use this capital to expand into European markets such as Poland, Germany, and Italy.
Country-wise Insights
Which Country Leads Revenue Generation in North America?
“U.S. Anticipated to Spearhead Demand in North American Region”
Several states in the U.S. have been legalizing the use of cannabis and other hemp-based products which provides highly remunerative opportunities for hemp-based product suppliers in the country.
- In November 2022, Maryland and Missouri became the 20th and 21st states in the U.S. to legalize marijuana for adult use, and with this legalization, more than 50% of Americans are expected to have access to legal marijuana and other hemp-based products.
Increasing use of CBD products to treat diagnosed diseases, rising awareness of benefits associated with hemp consumption, growing use in the personal care industry, and high disposable income of the population are some of the key factors that determine hemp-based product demand in the country throughout the forecast period.
Will Japan Witness a Hike in Demand for Hemp-based Products?
“Rising Awareness Regarding Benefits of CBD Products”
CBD and hemp-derived products in Japan have been legal for a long time now, which makes it an attractive market for many hemp-based product manufacturers across the world.
- As per data provided by Statista, Japan is expected to be the second-largest CBD market in the Asian region following China which is expected to maintain its number one position over the coming years.
Rising inclination of the younger population towards consumption of hemp-based products, rising awareness about the benefits of CBD products, and revision of certain regulatory norms to pave the way for medicinal hemp-based products in Japan are key factors that could drive hemp-based product sales in the country over the coming years.
Is Germany an Investment-worthy Market for Hemp-based Product Suppliers?
“Possibility of Legalization of Cannabis Creating Opportune Business Scope”
Germany is one of the prominent countries in the European region that could move towards the legalization of cannabis for adults and this could clear the way for many hemp-based product providers and create a highly opportunistic setting.
- In October 2022, Germany revealed that it had plans to legalize cannabis, and should this happen it would make it the first country in Europe to legalize cannabis. The legalization of cannabis would pave the way for the consumption of hemp-based food products and create around 27,000 jobs in the country and save around US$ 4.7 billion.
The rising use of hemp in nutritional supplements, growing consumption by the geriatric population, increasing demand for CBD personal care products, and rising use in the automotive industry and textile industry are expected to be other factors that govern hemp-based product demand in the country through 2033.
Category-wise Insights
Where is Demand for Hemp-based Products Expected to Shine Bright?
“Hemp-based Product Shipments in Industrial Applications Expected to Dominate Market”
Based on application, the market for hemp-based products is segmented into personal and industrial.
Hemp-based product sales in industrial applications account for a major market share and are expected to maintain a similar stance throughout the forecast period.
This can be primarily ascribed to the high use of hemp fibers in the textile industry and the growing use of hemp seed oil in the pharmaceutical industry. Growing scope of application in the food and beverages industry is also expected to contribute to growth in industrial application’s market share through 2033.
However, the legalization of marijuana in several countries across the world is expected to propel the demand for hemp-based products for personal use at a high pace over the coming years.
Competitive Landscape
Key hemp-based product companies are expected to expand their hemp product portfolio to gain a competitive edge over other market players and diversify their offerings to different regions where hemp and marijuana are being legalized.
- In August 2022, BioLife Sciences Inc., a leading name in disruptive technologies for healthcare, beauty, food & beverage sectors announced the launch of its first cannabinoid consumer products. The company offered six definite industrial hemp-based tincture formulations that were driven by the acquisition of Health Box LLC in early 2022.
- In August 2022, TagZ Foods, a snack food company in India announced the launch of hemp-based cookies as a part of its aggressively increasing product offerings. The products are available on Swiggy Instamart and the company’s portal for sales.
Key Segments of Hemp-based Products Industry Research
-
By Product :
- Food
- Beverages
- Edibles
- Health Care
- Hemp Oil
- Medicinal Drugs
- Supplements & Protein
- Cosmetics, Personal & Skin Care
- Fibers
- Raw Fibers
- Fiber-reinforced plastic
- Others
- Food
-
By Application :
- Personal
- Industrial
-
By Sales Channel :
- Offline
- Online
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Key Success Factors
- 6. Global Market - Pricing Analysis
- 7. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
- 8.1. Food
- 8.1.1. Beverages
- 8.1.2. Edibles
- 8.2. Healthcare
- 8.2.1. Hemp Oil
- 8.2.2. Medicinal Drugs
- 8.2.3. Supplements
- 8.3. Cosmetics, Personal & Skin Care
- 8.4. Fibers
- 8.4.1. Raw Fibers
- 8.4.2. Fiber Reinforced Plastic
- 8.5. Others
- 8.1. Food
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 9.1. Personal
- 9.2. Industrial
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
- 10.1. Online
- 10.1.1. Direct To Customer
- 10.1.2. Third Party Online Channel
- 10.2. Offline
- 10.2.1. Specialty Stores
- 10.2.2. Supermarket & Hyper Market
- 10.2.3. Others
- 10.1. Online
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. Asia Pacific
- 11.5. MEA
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Potential Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Victory Hemp Foods
- 19.2. Blue Sky Hemp Ventures Ltd.
- 19.3. Canopy Growth
- 19.4. The Alkaline Water Company
- 19.5. New Age Beverages
- 19.6. Manitoba Harvest (Tilray)
- 19.7. Phivida Holdings Inc
- 19.8. CHINA LIAHREN CO.,LIMITED
- 19.9. EnviroTextiles, LLC
- 19.10. Hemp Fortex
- 19.11. Eco Hemp SRL
- 19.12. Other Prominent Player
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product, 2018 to 2022
Table 02: Global Market Value (US$ Mn) Analysis, by Product, 2023 to 2033
Table 03: Global Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2018 to 2022
Table 04: Global Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2023 to 2033
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 06: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 07: Global Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2018 to 2022
Table 08: Global Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2023 to 2033
Table 09: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 10: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 11: Global Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 12: Global Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 13: Global Hemp Based Product Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 14: Global Hemp Based Product Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 15: Global Hemp Based Product Market Incremental Opportunity (US$ Mn) Analysis, by Region, 2018 to 2022
Table 16: Global Hemp Based Product Market Incremental Opportunity (US$ Mn) Analysis, by Region, 2023 to 2033
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 18: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 19: North America Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2018 to 2022
Table 20: North America Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Analysis, by Product, 2018 to 2022
Table 22: North America Market Value (US$ Mn) Analysis, by Product, 2023 to 2033
Table 23: North America Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2018 to 2022
Table 24: North America Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2023 to 2033
Table 25: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 26: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 27: North America Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2018 to 2022
Table 28: North America Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2023 to 2033
Table 29: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 30: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 31: North America Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 32: North America Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 34: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 35: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2018 to 2022
Table 36: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2023 to 2033
Table 37: Latin America Market Value (US$ Mn) Analysis, by Product, 2018 to 2022
Table 38: Latin America Market Value (US$ Mn) Analysis, by Product, 2023 to 2033
Table 39: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2018 to 2022
Table 40: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2023 to 2033
Table 41: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 42: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 43: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2018 to 2022
Table 44: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2023 to 2033
Table 45: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 46: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 47: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 48: Latin America Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 49: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2018 to 2022
Table 52: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2023 to 2033
Table 53: Europe Market Value (US$ Mn) Analysis, by Product, 2018 to 2022
Table 54: Europe Market Value (US$ Mn) Analysis, by Product, 2023 to 2033
Table 55: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2018 to 2022
Table 56: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2023 to 2033
Table 57: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 58: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 59: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2018 to 2022
Table 60: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2023 to 2033
Table 61: Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 62: Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 63: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 64: Europe Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 65: Asia Pacific Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 66: Asia Pacific Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 67: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2018 to 2022
Table 68: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2023 to 2033
Table 69: Asia Pacific Market Value (US$ Mn) Analysis, by Product, 2018 to 2022
Table 70: Asia Pacific Market Value (US$ Mn) Analysis, by Product, 2023 to 2033
Table 71: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2018 to 2022
Table 72: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2023 to 2033
Table 73: Asia Pacific Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 74: Asia Pacific Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 75: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2018 to 2022
Table 76: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2023 to 2033
Table 77: Asia Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 78: Asia Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 79: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 80: Asia Pacific Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 82: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 83: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2018 to 2022
Table 84: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Country, 2023 to 2033
Table 85: MEA Market Value (US$ Mn) Analysis, by Product, 2018 to 2022
Table 86: MEA Market Value (US$ Mn) Analysis, by Product, 2023 to 2033
Table 87: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2018 to 2022
Table 88: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Product, 2023 to 2033
Table 89: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 90: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 91: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2018 to 2022
Table 92: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Application, 2023 to 2033
Table 93: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 94: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
Table 95: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2018 to 2022
Table 96: MEA Market Incremental Opportunity (US$ Mn) Analysis, by Sales Channel, 2023 to 2033
List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2015 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis by Product, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections by Product, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 08: Global Market Value (US$ Mn) and Forecast by Food Product, 2018 to 2033
Figure 09: Global Market Incremental $ Opportunity by Food Products, 2023 to 2033
Figure 10: Global Market Value (US$ Mn) and Forecast by Healthcare Products, 2018 to 2033
Figure 11: Global Market Incremental $ Opportunity by Healthcare Products, 2023 to 2033
Figure 12: Global Market Value (US$ Mn) and Forecast by Cosmetics, Personal & Skin Care Products, 2018 to 2033
Figure 13: Global Market Incremental $ Opportunity by Cosmetics, Personal & Skin Care Products, 2023 to 2033
Figure 14: Global Market Value (US$ Mn) and Forecast by Fiber Products, 2018 to 2033
Figure 15: Global Market Incremental $ Opportunity by Fiber Products, 2023 to 2033
Figure 16: Global Market Value (US$ Mn) and Forecast by Other Products, 2018 to 2033
Figure 17: Global Market Incremental $ Opportunity by Other Products, 2023 to 2033
Figure 18: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 19: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 21: Global Market Value (US$ Mn) and Forecast by Personal Application, 2018 to 2033
Figure 22: Global Market Incremental $ Opportunity by Personal Application, 2023 to 2033
Figure 23: Global Market Value (US$ Mn) and Forecast by Industrial Application, 2018 to 2033
Figure 24: Global Market Incremental $ Opportunity by Industrial Application, 2023 to 2033
Figure 25: Global Market Share and BPS Analysis by Sales Channel, 2023 & 2033
Figure 26: Global Market Y-o-Y Growth Projections by Sales Channel, 2023 to 2033
Figure 27: Global Market Attractiveness Analysis by Sales Channel, 2023 to 2033
Figure 28: Global Market Value (US$ Mn) and Forecast by Online Sales Channel, 2018 to 2033
Figure 29: Global Market Incremental $ Opportunity by Online Sales Channel, 2023 to 2033
Figure 30: Global Market Value (US$ Mn) and Forecast by Offline Sales Channel, 2018 to 2033
Figure 31: Global Market Incremental $ Opportunity by Offline Sales Channel, 2023 to 2033
Figure 32: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 33: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 34: Global Market Attractiveness Index by Region, 2023 to 2033
Figure 35: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 36: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 37: North America Market Share Analysis by Country, 2023 & 2033
Figure 38: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: North America Market Share Analysis by Product, 2023 & 2033
Figure 41: North America Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 42: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 43: North America Market Share Analysis by Application, 2023 & 2033
Figure 44: North America Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 45: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 46: North America Market Share Analysis by Sales Channel, 2023 & 2033
Figure 47: North America Market Y-o-Y Growth Projection by Sales Channel, 2023 to 2033
Figure 48: North America Market Attractiveness Analysis by Sales Channel, 2023 to 2033
Figure 49: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 52: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 53: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 54: Latin America Market Share Analysis by Product, 2023 & 2033
Figure 55: Latin America Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 56: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 57: Latin America Market Share Analysis by Application, 2023 & 2033
Figure 58: Latin America Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 59: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 60: Latin America Market Share Analysis by Sales Channel, 2023 & 2033
Figure 61: Latin America Market Y-o-Y Growth Projection by Sales Channel, 2023 to 2033
Figure 62: Latin America Market Attractiveness Analysis by Sales Channel, 2023 to 2033
Figure 63: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 64: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 65: Europe Market Share Analysis by Country, 2023 & 2033
Figure 66: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 67: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 68: Europe Market Share Analysis by Product, 2023 & 2033
Figure 69: Europe Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 70: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Europe Market Share Analysis by Application, 2023 & 2033
Figure 72: Europe Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 73: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 74: Europe Market Share Analysis by Sales Channel, 2023 & 2033
Figure 75: Europe Market Y-o-Y Growth Projection by Sales Channel, 2023 to 2033
Figure 76: Europe Market Attractiveness Analysis by Sales Channel, 2023 to 2033
Figure 77: Asia Pacific Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 78: Asia Pacific Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 79: Asia Pacific Market Share Analysis by Country, 2023 & 2033
Figure 80: Asia Pacific Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 81: Asia Pacific Market Attractiveness Analysis by Country, 2023 to 2033
Figure 82: Asia Pacific Market Share Analysis by Product, 2023 & 2033
Figure 83: Asia Pacific Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 84: Asia Pacific Market Attractiveness Analysis by Product, 2023 to 2033
Figure 85: Asia Pacific Market Share Analysis by Application, 2023 & 2033
Figure 86: Asia Pacific Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 87: Asia Pacific Market Attractiveness Analysis by Application, 2023 to 2033
Figure 88: Asia Pacific Market Share Analysis by Sales Channel, 2023 & 2033
Figure 89: Asia Pacific Market Y-o-Y Growth Projection by Sales Channel, 2023 to 2033
Figure 90: Asia Pacific Market Attractiveness Analysis by Sales Channel, 2023 to 2033
Figure 91: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 92: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 93: MEA Market Share Analysis by Country, 2023 & 2033
Figure 94: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 95: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 96: MEA Market Share Analysis by Product, 2023 & 2033
Figure 97: MEA Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 98: MEA Market Attractiveness Analysis by Product, 2023 to 2033
Figure 99: MEA Market Share Analysis by Application, 2023 & 2033
Figure 100: MEA Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 101: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Figure 102: MEA Market Share Analysis by Sales Channel, 2023 & 2033
Figure 103: MEA Market Y-o-Y Growth Projection by Sales Channel, 2023 to 2033
Figure 104: MEA Market Attractiveness Analysis by Sales Channel, 2023 to 2033
- FAQs -
What is the current size of the global hemp-based products market?
In 2022, sales of hemp-based products were valued at US$ 1.4 billion.
How big will the market for hemp-based products be by 2033?
Hemp-based product demand is anticipated to account for a sales revenue of US$ 16.2 billion by 2033-end.
What is the hemp-based products market growth?
Consumption of hemp-based products is predicted to progress at a stellar 24.5% CAGR through 2033.
Which region is projected to account for the largest share of the hemp-based products market?
North America is set to account for the highest demand for hemp-based products through 2033.
Hemp-based Products Market