A recent report on Europe Industrial Hemp Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
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Scope of The Europe Industrial Hemp Market Report:
Shift in health trends & user sociological towards healthy foods, rising elderly population, and improving personal health will boost growth of the Europe market.
Industrial hemp is an agricultural product delivering fibers, seeds, and 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 snacks & cereals section in the food application is predicted to power the Europe market. Hemp is used as a breakfast cereal owing to its nutrient-rich report of important fatty acids, which are required for the proper operation of the body. Moreover, the increasing requirement for hemp snacks as post-exercise meal, owing to their high protein value, is predicted to power their sales in the years to come.
The hemp fiber section is expected to rule the market during the coming period. Hemp has two kinds of fibers: hurds (inner short fibers) and bast (outer long fibers). The bast fibers are segmented further into two kinds: secondary bast fibers, which are almost 2 mm long; and primary bast fibers, which are almost 50 mm long and have almost 50–70% cellulose. Bast fibers can be woven and spun, and are therefore, mainly employed in the textile sector.
Industrial Hemp Companies
The major players included in the Europe Industrial Hemp Market forecast are,
- American Cannabis Company
- Marijuana Company of America
- Valley Bio Limited
- Terra Tech Corp
Europe Industrial Hemp Market Key Segments:
By Type: Hemp seed, Hemp seed oil, CBD hemp oil, Hemp fiber
By Application: Food, Beverages, Personal care products, Textiles, Pharmaceuticals, Others
By Source: Organic, Conventional
Rising Applications In Food & Beverage, Personal Care, Bio Composite, And Textile Sectors Is Expected To Power Europe Industrial Hemp Market Size
Rising applications in food & beverage, personal care, bio composite, and textile sectors is expected to power Europe 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 Europe 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 Europe 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.
The Europe Industrial Hemp Market Size In North America, Power By The US And Canada, Is Predicted To Clock A Huge Development
The Europe 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 Europe Industrial Hemp Market in Europe, led by France, UK, Germany, and Italy, may grow strongly over the coming period.
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