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Industrial Hemp Market was is expected to grow $88.42 Bn by 2030

(Food-Beverage-News.Com, October 21, 2024 ) Industrial Hemp Market was valued at USD 11.16 Billion in 2023 and it is expected to reach USD 88.42 Billion by 2030, exhibiting a CAGR of 34.4% during the forecast period (2024-2030).



The industrial hemp market is experiencing increasing legalization worldwide for its fibre and oilseed. The US legalized hemp cultivation in 2018, leading to a focus on oilseeds and CBD production. Hemp seed and oil are rich in vitamins and minerals, while CBD is popular in supplements and pharmaceuticals. New product developments include hemp biofuel and bioplastics, driven by growing demand for eco-friendly products and financial support.



Download Full PDF Sample Copy of Reseach Report : https://www.maximizemarketresearch.com/request-sample/33440/



The US hemp industry has grown rapidly since legalization, but faces challenges due to lack of processing facilities and equipment. Hemp processing accounts for 47.7% of obstacles, while harvesting equipment acquisition makes up 26.3%. Complex regulatory structures pose difficulties for companies selling hemp products. The European market is expected to grow due to high demand for hemp products in various industries and rising consumption of hemp seeds in foods.



Industrial Hemp Market Segmentation



by Type



Hemp Seed



Hemp Seed Oil



CBD Hemp Oil

Hemp Fiber



Download Full PDF Sample Copy of Reseach Report : https://www.maximizemarketresearch.com/request-sample/33440/



by Application



Food, Beverages

Personal Care Products

Textiles

Pharmaceuticals

Others



by Source



Organic

Conventiona



Download Full PDF Sample Copy of Reseach Report : https://www.maximizemarketresearch.com/request-sample/33440/



Industrial Hemp Market Top Leaders:



1. Valley Bio Ltd.

2. Hemp, Inc.

3. Terra Tech Corp.

4. American Hemp

5. Ecofiber Industries Operations

6. Botanical Genetics, LLC



Maximize Market Research has also published the following reports:



Whipping Cream Powder Market size was valued at USD 950.03 Million in 2023 and the total Whipping Cream Powder revenue is expected to grow at a CAGR of 7.4% from 2024 to 2030, reaching nearly USD 1565.91 Million by 2030.



Colostrum Market size was valued at USD 1.84 Billion in 2023 and the total Colostrum revenue is expected to grow at a CAGR of 4.2% from 2024 to 2030, reaching nearly USD 2.45 Billion by 2030.



About Maximize Market Research



Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

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09607365656

akash.r@maximizemarketresearch.com

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