Industrial Hemp Market | Exactitude Consultancy Reports

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Industrial Hemp Market by Type (Hemp seed, Hemp seed oil, CBD hemp oil, Hemp bast, Hemp hurds), by Source (Conventional, Organic) by Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products, Animal Nutrition, Paper, Construction Materials, Other applications) and Region, Global trends and forecast from 2022 to 2029

The Industrial Hemp Market is expected to grow at 16.9% CAGR from 2022 to 2029. It is expected to reach above USD 14.84 Billion by 2029 from USD 3.64 Billion in 2020.

Segment Analysis
Industrial hemp market is segmented based on type, source, application, and region.

Based on type, a significant portion of the market was made up of hemp seed. Cannabis sativa, from which hemp seeds are derived, only has a very small quantity of tetrahydrocannabinol in them (THC) Both linoleic (omega-6) and linolenic (omega-3), two necessary fatty acids, as well as the vitamins E, 81, 82, 86, and D, calcium, magnesium, and potassium are abundant in these. Hemp seed includes a lot of lipids, a lot of easily absorbed protein, polyunsaturated fatty acids (PUFA), a lot of carbs, and a lot of insoluble fibre. Alpha-linolenic acid (ALA omega 3), a rich source of PUFA, and linoleic acid (LA omega 6), regarded to be advantageous and balanced for human nutrition.

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