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Hemp Derivative Market

2021

Hemp Derivative Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Hemp CBD Oil, Seed Oil, Hemp Fiber, and Others) and Application (Food and Beverages, Pharmaceutical and Nutraceutical, Personal Care, Textiles, and Others) and Geography

Publication Month: Aug 2021 | Report Code: TIPRE00007654 | No. of Pages: 163 | Category: Food and Beverages | Status: Published

Market Insights

Hemp Derivative Market to Grow at a CAGR of 19.7% to reach US$ 20,977.94 Million from 2020 to 2028

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The hemp derivative market was valued at US$ 5,953.86 million in 2021 and is projected to reach US$ 20,977.94 million by 2028; it is expected to grow at a CAGR of 19.7% from 2021 to 2028.

Hemp or industrial hemp is a variety of cannabis sativa plant species, which are specifically grown for industrial use. Hemp derivatives, such as CBD, seed oil, and fibers, are derived from hemp and have various applications in several end-use industries, such as food and beverage, pharmaceuticals, personal care, and animal feed.

In 2021, Asia Pacific accounted for the largest share in the global hemp derivative market. Rising awareness related to the medical benefits of hemp derivates increases their utilization in the region. Along with this, hemp derivatives find several applications in the textile industry. Furthermore, the booming market of cosmetics and personal care products in Asia Pacific and the legalization of industrial hemp in food supplements are estimated to drive the market in the region during the forecast period.

The ongoing COVID-19 pandemic has had a relatively positive impact on the hemp derivatives market. The pandemic helped to develop awareness and interest in the medical sector of hemp. The crisis has been a disagreeable and stressful time for most of the population across the world. Therefore, people worldwide have started consuming hemp derivative products to treat their anxiety and stress. Several significant users have increased their consumption. Consumption to be used for a sleep disorder and depression is conjointly hyperbolic. Due to an increased focus on health and wellness during the pandemic, there has been an increased search on Google about the health benefits provided by hemp derivatives, which is increasing the awareness about these derivatives. Along with this, a lot of countries have been hit with tax shortfalls amid the pandemic. The governments of countries are looking for sources of tax income. The potential source can be the legalization of hemp and its derivatives, which could become progressively engaging. An increase in the sale of hemp and its derivatives by legal sellers can provide a potential tax income gain.

Various research activities have also been carried out during the COVID-19 pandemic that focused on the use of hemp and its derivatives for the treatment of COVID-19. Researchers in Canada carried out a study to ensure whether Cannabis sativa extracts can help in reducing the levels of the host cell receptor that the SARS-CoV-2 virus clings on to gain entry and spread. Along with this, STERO Biotech, a company headquartered in Israel, provides insight into the use of cannabis and CBD as a potential treatment for COVID-19. Thus, various research activities on hemp and its derivates to find out their use in the COVID-19 treatment are having a positive impact on the hemp derivative market.

Global Hemp Derivative Market, by Region 2021

Global Hemp Derivative Market, by Region 2021

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Market Insights

Rising Applications of Hemp Derivatives in Various Industries

Hemp is being increasingly used for various applications in different industries. Hemp seeds and oilcake are used as an alternative source of food and feed protein in the food & beverages industry. Along with this, the oil obtained while crushing the hemp seeds is used in the manufacturing of soap, shampoo, lotion, cosmetics, and bath gels. The oil obtained from hemp seeds is rich in amino acids, minerals, and vitamins, and it is used in nutritional supplements as well as medicinal and therapeutic products. The fibers obtained from hemp contain a high amount of hemicellulose, along with high absorbent capacity, which makes it a suitable crop to be used in the textile industry. Stalks and fibers of hemp are used to manufacture clothes, paper, construction material, plastic, and composites, among others. Hemp fiber is also used in the manufacturing of insulation materials and bio-composites due to its high strength, biodegradability, thermodynamic, and lightweight properties. Hemp fibers are used in the construction industry for the manufacturing of construction materials such as fiberboard, stucco and mortar, cement block, coatings, acoustic materials, and pipe wraps. Composites, which are used in making petroleum-based products, are also made from hemp. The hemp seeds are rich in nutrients and protein and can be used as a substitute for soybean. Due to the protein content, hemp seed is used in the production of major products made from soybean, including tofu, butter, cheese, burgers, ice cream, and milk. Thus, increasing applications of hemp derivatives in various industries have led to an increase in demand for hemp derivatives, thereby driving the hemp derivative market.

Type Insights

Based on type, the hemp derivative market is segmented into hemp CBD oil, seed oil, hemp fiber, and others. The hemp fiber segment held the largest share in the market in 2021. Hemp is a bast fiber plant like Jute, Kenaf, and Flax. These fibers are now being used as reinforcements in composite materials due to their biodegradability and lower density than artificial fibers. The hemp fiber conducts heat, resists mildew, dyes well, blocks ultraviolet light, and has natural antibacterial properties.

Hemp Derivative Market, by Type – 2021 and 2028

Hemp Derivative Market, by Type – 2021 and 2028

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Strategic Insights

A few of the key market players operating in the hemp derivative market are Colorado Hemp Works, Inc; Dun Agro Hemp Group; Ecofiber; Hempflax Group B.V.; Hempoland Sp. Z O.O.; Konoplex, Mh Medical Hemp Gmbh; Plains Industrial Hemp Processing Ltd; South Hemp; and BAFA Neu GmbH. Major market players are adopting strategies such as mergers and acquisitions, and product launches to expand their geographic presence and consumer base.

Report Spotlights

  • Progressive trends in the hemp derivative industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global hemp derivative market from 2019 to 2028
  • Estimation of the demand for hemp derivatives across various industries
  • Porter analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for hemp derivatives
  • Market trends and outlook coupled with factors driving and restraining the growth of the hemp derivative market
  • Understanding regarding the strategies that underpin commercial interest with regard to global hemp derivative market growth, aiding in the decision-making process
  • Hemp Derivative market size at various nodes of market
  • Detailed overview and segmentation of the global hemp derivative market as well as its industry dynamics
  • Hemp derivative market size in various regions with promising growth opportunities

Hemp Derivative Market, by Type

  • Hemp CBD Oil
  • Seed Oil
  • Hemp Fiber
  • Others

Hemp Derivative Market, by Application

  • Food and Beverages
  • Pharmaceutical and Nutraceutical
  • Personal Care
  • Textiles
  • Others

Company Profiles

  • Colorado Hemp Works, Inc
  • Dun Agro Hemp Group
  • Ecofiber
  • Hempflax Group B.V.
  • Hempoland Sp. Z O.O.
  • Konoplex
  • Mh Medical Hemp Gmbh
  • Plains Industrial Hemp Processing Ltd
  • South Hemp
  • BAFA Neu GmbH

1. Introduction. 18

1.1 Study Scope. 18

1.2 The Insight Partners Research Report Guidance. 18

1.3 Market Segmentation. 19

2. Key Takeaways. 21

3. Research Methodology. 25

3.1 Scope of the Study. 25

3.2 Research Methodology. 25

3.2.1 Data Collection. 26

3.2.2 Primary Interviews. 26

3.2.3 Hypothesis Formulation. 27

3.2.4 Macro-economic Factor Analysis. 27

3.2.5 Developing Base Number 27

3.2.6 Data Triangulation. 27

3.2.7 Country Level Data. 28

4. Global Hemp Derivatives Market Landscape. 29

4.1 Market Overview.. 29

4.2 Porter’s Analysis. 30

4.2.1 Threat of New Entrants: 31

4.2.2 Bargaining Power of Buyers: 31

4.2.3 Bargaining Power of Suppliers: 31

4.2.4 Competitive Rivalry: 31

4.2.5 Threat of Substitutes: 31

4.3 Value Chain Analysis. 32

4.4 Expert Opinion. 34

5. Hemp Derivatives Market – Key Market Dynamics. 35

5.1 Market Drivers. 35

5.1.1 Rising Applications of Hemp Derivatives in Various Industries. 35

5.1.2 Increasing Cultivation of Hemp. 35

5.2 Market Restraints. 36

5.2.1 Complex Regulatory Structure. 36

5.3 Market Opportunities. 37

5.3.1 Innovations in Hemp Derivatives Market 37

5.4 Future Trend. 37

5.4.1 Application of Hemp in the Cosmetic Industry. 37

5.5 Impact Analysis of Drivers and Restraints. 37

6. Hemp Derivatives Agents – Global Market Analysis. 39

6.1 Hemp Derivatives Market Overview.. 39

6.2 Hemp Derivatives Market –Revenue and Forecast To 2028 (USD Million) 40

6.3 Competitive Positioning – Key Market Players. 41

7. Global Hemp Derivatives Market Analysis – By Type. 42

7.1 Overview.. 42

7.2 Global Hemp Derivatives Market Breakdown, by Type, 2021 & 2028. 42

7.3 Hemp CBD Oil 42

7.3.1 Overview.. 42

7.3.2 Hemp CBD Oil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 42

7.4 Hemp Seed Oil 43

7.4.1 Overview.. 43

7.4.2 Hemp Seed Oil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 44

7.5 Hemp Fiber 44

7.5.1 Overview.. 44

7.5.2 Hemp Fiber: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 44

7.6 Others. 45

7.6.1 Overview.. 45

7.6.2 Others: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 45

8. Global Hemp Derivatives Market Analysis – By Application. 47

8.1 Overview.. 47

8.2 Global Hemp Derivatives Market Breakdown, by Application, 2021 & 2028. 47

8.3 Food and Beverages. 47

8.3.1 Overview.. 47

8.3.2 Food and Beverages: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 48

8.4 Pharmaceutical and Nutraceutical 48

8.4.1 Overview.. 48

8.4.2 Pharmaceutical and Nutraceutical: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 48

8.5 Personal Care. 49

8.5.1 Overview.. 49

8.5.2 Personal Care: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 49

8.6 Textile. 50

8.6.1 Overview.. 50

8.6.2 Textile: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 50

8.7 Others. 51

8.7.1 Overview.. 51

8.7.2 Others: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 51

9. Global Hemp Derivatives Market – Geographic Analysis. 53

9.1 Overview.. 53

9.2 North America: Hemp Derivatives Market 53

9.2.1 North America: Hemp Derivatives Market –Revenue and Forecast to 2028 (USD Million) 54

9.2.2 North America: Hemp Derivatives Market, By Type. 54

9.2.3 North America: Hemp Derivatives Market, by Application. 55

9.2.4 North America: Hemp Derivatives Market, by Key Country. 56

9.2.4.1 US: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 57

9.2.4.1.1 US: Hemp Derivatives Market, by Type. 57

9.2.4.1.2 US: Hemp Derivatives Market, by Application. 58

9.2.4.2 Canada: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 59

9.2.4.2.1 Canada: Hemp Derivatives Market, by Type. 59

9.2.4.2.2 Canada: Hemp Derivatives Market, by Application. 60

9.2.4.3 Mexico: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 61

9.2.4.3.1 Mexico: Hemp Derivatives Market, by Type. 62

9.2.4.3.2 Mexico: Hemp Derivatives Market, by Application. 62

9.3 Europe: Hemp Derivatives Market 64

9.3.1 Europe: Hemp Derivatives Market –Revenue and Forecast to 2028 (USD Million) 64

9.3.2 Europe: Hemp Derivatives Market, By Type. 65

9.3.3 Europe: Hemp Derivatives Market, by Application. 66

9.3.4 Europe: Hemp Derivatives Market, by Key Country. 68

9.3.4.1 Germany: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 68

9.3.4.1.1 Germany: Hemp Derivatives Market, by Type. 69

9.3.4.1.2 Germany: Hemp Derivatives Market, by Application. 70

9.3.4.2 France: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 70

9.3.4.2.1 France: Hemp Derivatives Market, by Type. 71

9.3.4.2.2 France: Hemp Derivatives Market, by Application. 73

9.3.4.3 Italy: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 73

9.3.4.3.1 Italy: Hemp Derivatives Market, by Type. 74

9.3.4.3.2 Italy: Hemp Derivatives Market, by Application. 76

9.3.4.4 UK: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 76

9.3.4.4.1 UK: Hemp Derivatives Market, by Type. 77

9.3.4.4.2 UK: Hemp Derivatives Market, by Application. 78

9.3.4.5 Rest of Europe: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 78

9.3.4.5.1 Rest of Europe: Hemp Derivatives Market, by Type. 79

9.3.4.5.2 Rest of Europe: Hemp Derivatives Market, by Application. 80

9.4 Asia Pacific: Hemp Derivatives Market 80

9.4.1 Asia Pacific: Hemp Derivatives Market –Revenue and Forecast to 2028 (USD Million) 81

9.4.2 Asia Pacific: Hemp Derivatives Market, By Type. 82

9.4.3 Asia Pacific: Hemp Derivatives Market, by Application. 83

9.4.4 Asia Pacific: Hemp Derivatives Market, by Key Country. 84

9.4.4.1 Australia: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 85

9.4.4.1.1 Australia: Hemp Derivatives Market, by Type. 85

9.4.4.1.2 Australia: Hemp Derivatives Market, by Application. 86

9.4.4.2 China: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 86

9.4.4.2.1 China: Hemp Derivatives Market, by Type. 87

9.4.4.2.2 China: Hemp Derivatives Market, by Application. 88

9.4.4.3 India: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 88

9.4.4.3.1 India: Hemp Derivatives Market, by Type. 89

9.4.4.3.2 India: Hemp Derivatives Market, by Application. 90

9.4.4.4 Japan: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 91

9.4.4.4.1 Japan: Hemp Derivatives Market, by Type. 91

9.4.4.4.2 Japan: Hemp Derivatives Market, by Application. 92

9.4.4.5 South Korea: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 93

9.4.4.5.1 South Korea: Hemp Derivatives Market, by Type. 93

9.4.4.5.2 South Korea: Hemp Derivatives Market, by Application. 94

9.4.4.6 Rest of Asia Pacific: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 95

9.4.4.6.1 Rest of Asia Pacific: Hemp Derivatives Market, by Type. 95

9.4.4.6.2 Rest of Asia Pacific: Hemp Derivatives Market, by Application. 96

9.5 South & Central America: Hemp Derivatives Market 96

9.5.1 South & Central America: Hemp Derivatives Market –Revenue and Forecast to 2028 (USD Million) 96

9.5.2 South & Central America: Hemp Derivatives Market, By Type. 98

9.5.3 South & Central America: Hemp Derivatives Market, by Application. 99

9.5.4 South & Central America: Hemp Derivatives Market, by Key Country. 100

9.5.4.1 Brazil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 100

9.5.4.1.1 Brazil: Hemp Derivatives Market, by Application. 101

9.5.4.2 Argentina: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 102

9.5.4.2.1 Argentina: Hemp Derivatives Market, by Type. 102

9.5.4.2.2 Argentina: Hemp Derivatives Market, by Application. 103

9.5.4.3 Rest of South & Central America: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 103

9.5.4.3.1 Rest of South & Central America: Hemp Derivatives Market, by Type. 104

9.5.4.3.2 Rest of South & Central America: Hemp Derivatives Market, by Application. 105

9.6 Middle East & Africa: Hemp Derivatives Market 106

9.6.1 Middle East & Africa: Hemp Derivatives Market –Revenue and Forecast to 2028 (USD Million) 106

9.6.2 Middle East & Africa: Hemp Derivatives Market, By Type. 107

9.6.3 Middle East & Africa: Hemp Derivatives Market, by Application. 108

9.6.4 Middle East & Africa: Hemp Derivatives Market, by Key Country. 109

9.6.4.1 South Africa: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 109

9.6.4.1.1 South Africa: Hemp Derivatives Market, by Type. 110

9.6.4.1.2 South Africa: Hemp Derivatives Market, by Application. 110

9.6.4.2 UAE: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 111

9.6.4.2.1 UAE: Hemp Derivatives Market, by Type. 111

9.6.4.2.2 UAE: Hemp Derivatives Market, by Application. 112

9.6.4.3 Rest of Middle East & Africa: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 112

9.6.4.3.1 Rest of Middle East & Africa: Hemp Derivatives Market, by Type. 113

9.6.4.3.2 Rest of Middle East & Africa: Hemp Derivatives Market, by Application. 114

10. Overview – Impact of COVID-19. 116

10.1 Impact of COVID-19 on Hemp Derivatives Market 116

10.2 North America: Impact Assessment of COVID-19 Pandemic. 117

10.3 Europe: Impact Assessment of COVID-19 Pandemic. 118

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 119

10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 120

10.6 South and Central America: Impact Assessment of COVID-19 Pandemic. 121

11. Industry Landscape. 122

11.1 Mergers & acquisition. 122

11.2 Expansion. 122

12. Company Profiles. 123

12.1 Colorado Hemp Works, INC. 123

12.1.1 Key Facts. 123

12.1.2 Business Description. 123

12.1.3 Products and Services. 124

12.1.4 Financial Overview.. 124

12.1.5 SWOT Analysis. 125

Unsupported image type. 125

12.1.6 Key Developments. 125

12.2 Dun Agro Hemp Group. 126

12.2.1 Key Facts. 126

12.2.2 Business Description. 126

12.2.3 Products and Services. 126

12.2.4 Financial Overview.. 127

12.2.5 SWOT Analysis. 128

12.2.6 Key Developments. 128

12.3 Ecofiber 129

12.3.1 Key Facts. 129

12.3.2 Business Description. 129

12.3.3 Products and Services. 129

12.3.4 Financial Overview.. 131

12.3.5 SWOT Analysis. 132

12.3.6 Key Developments. 133

12.4 HempFlax Group B.V. 134

12.4.1 Key Facts. 134

12.4.2 Business Description. 134

12.4.3 Products and Services. 134

12.4.4 Financial Overview.. 135

12.4.5 SWOT Analysis. 136

12.4.6 Key Developments. 136

12.5 HemPoland Sp. z o.o. 137

12.5.1 Key Facts. 137

12.5.2 Business Description. 137

12.5.3 Products and Services. 137

12.5.4 Financial Overview.. 137

12.5.5 SWOT Analysis. 139

12.5.6 Key Developments. 140

12.6 Konoplex. 142

12.6.1 Key Facts. 142

12.6.2 Business Description. 142

12.6.3 Products and Services. 142

12.6.4 Financial Overview.. 144

12.6.5 SWOT Analysis. 145

12.6.6 Key Developments. 146

12.7 MH medical hemp GmbH.. 147

12.7.1 Key Facts. 147

12.7.2 Business Description. 147

12.7.3 Products and Services. 147

12.7.4 Financial Overview.. 148

12.7.5 SWOT Analysis. 149

12.7.6 Key Developments. 150

12.8 Plains Industrial Hemp Processing Ltd. 151

12.8.1 Key Facts. 151

12.8.2 Business Description. 151

12.8.3 Products and Services. 151

12.8.4 Financial Overview.. 152

12.8.5 SWOT Analysis. 153

12.8.6 Key Developments. 153

12.9 South Hemp. 154

12.9.1 Key Facts. 154

12.9.2 Business Description. 154

12.9.3 Products and Services. 154

12.9.4 Financial Overview.. 155

12.9.5 SWOT Analysis. 156

12.9.6 Key Developments. 156

12.10 BAFA Neu GmbH.. 157

12.10.1 Key Facts. 157

12.10.2 Business Description. 157

12.10.3 Products and Services. 157

12.10.4 Financial Overview.. 158

12.10.5 SWOT Analysis. 159

12.10.6 Key Developments. 160

13. Appendix. 161

13.1 About The Insight Partners. 161

13.2 Word Index. 161


LIST OF TABLES

Table 1. Hemp Derivatives Market –Revenue and Forecast To 2028 (USD Million) 40

Table 1. North America Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 56

Table 2. North America Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 57

Table 3. US Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 58

Table 4. US Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 59

Table 5. Canada Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 60

Table 6. Canada Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 61

Table 7. Mexico Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 63

Table 8. Mexico Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 63

Table 9. Europe: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 66

Table 10. Europe: Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 67

Table 11. Germany Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 70

Table 12. Germany Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 71

Table 13. France Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 72

Table 14. France Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 74

Table 15. Italy Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 75

Table 16. Italy Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 77

Table 17. UK Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 78

Table 18. UK Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 80

Table 19. Rest of Europe Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 81

Table 20. Rest of Europe Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 82

Table 21. Asia Pacific: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 85

Table 22. Asia Pacific: Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 87

Table 23. Australia: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 89

Table 24. Australia: Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 90

Table 25. China: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 92

Table 26. China: Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 93

Table 27. India Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 94

Table 28. India Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 95

Table 29. Japan: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 98

Table 30. Japan: Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 99

Table 31. South Korea: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 100

Table 32. South Korea: Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 101

Table 33. Rest of Asia Pacific: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 102

Table 34. Rest of Asia Pacific: Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 103

Table 35. South & Central America: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 106

Table 36. South & Central America: Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 107

Table 37. Brazil Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 110

Table 38. Brazil Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 111

Table 39. Argentina Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 112

Table 40. Argentina Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 114

Table 41. Rest of South & Central America Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 115

Table 42. Rest of South & Central America Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 117

Table 43. Middle East & Africa: Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 119

Table 44. Middle East & Africa: Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 120

Table 45. South Africa Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 123

Table 46. South Africa Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 124

Table 47. UAE Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 125

Table 48. UAE Laminate Market, by Application – Revenue and Forecast to 2028 (USD Million) 127

Table 49. Rest of Middle East & Africa Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million) 128

Table 50. Rest of Middle East & Africa Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million) 130

Table 51. List of Abbreviation. 177


LIST OF FIGURES

Figure 1. Global Hemp Derivatives Market Segmentation. 18

Figure 2. Hemp Derivatives Market Segmentation – By Geography. 19

Figure 3. Global Hemp Derivatives Market Overview.. 20

Figure 4. Powder Segment Held Largest Share of Global Hemp Derivatives Market 21

Figure 5. Asia Pacific Region Held Largest Share of Global Hemp Derivatives Market 21

Figure 6. Global Hemp Derivatives Market, Industry Landscape. 22

Figure 7. Porter’s Five Forces Analysis. 28

Figure 8. Value Chain: Hemp Derivatives Market 30

Figure 9. Expert Opinion. 32

Figure 10. Global Hemp Derivatives Market Impact Analysis of Drivers and Restraints. 34

Figure 11. Geographic Overview of Hemp Derivatives Market 35

Figure 12. Global: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 36

Figure 13. Hemp Derivatives Market Revenue Share, By Type (2020 and 2028) 38

Figure 14. Whole Leaf: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 39

Figure 15. Powder: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 40

Figure 16. Liquid: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 41

Figure 17. Hemp Derivatives Market Revenue Share, By Application (2020 and 2028) 42

Figure 18. Dairy and Frozen Dessert: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 43

Figure 19. Bakery and Confectionery: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 44

Figure 20. Tabletop sweeteners: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 45

Figure 21. Beverages: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 46

Figure 22. Others: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million) 47

Figure 23. Global Hemp Derivatives Market Revenue Share, by Region (2020 and 2028) 48

Figure 24. North America: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 49

Figure 25. North America: Hemp Derivatives Market Revenue Share, by Type (2020 and 2028) 50

Figure 26. North America: Hemp Derivatives Market Revenue Share, by Application (2020 and 2028) 51

Figure 27. North America: Hemp Derivatives Market Revenue Share, by Key Country (2020 and 2028) 52

Figure 28. US: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 52

Figure 29. Canada: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 54

Figure 30. Mexico: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 56

Figure 31. Europe: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 59

Figure 32. Europe: Hemp Derivatives Market Revenue Share, by Type (2020 and 2028) 59

Figure 33. Europe: Hemp Derivatives Market Revenue Share, by Application (2020 and 2028) 60

Figure 34. Europe: Hemp Derivatives Market Revenue Share, by Key Country (2020 and 2028) 61

Figure 35. Germany: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 61

Figure 36. France: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 63

Figure 37. Italy: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 65

Figure 38. UK: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 67

Figure 39. Russia: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 69

Figure 40. Rest of Europe: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 71

Figure 41. Asia Pacific: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 74

Figure 42. Asia-Pacific: Hemp Derivatives Market Revenue Share, by Type (2020 and 2028) 74

Figure 43. Asia Pacific: Hemp Derivatives Market Revenue Share, by Application (2020 and 2028) 75

Figure 44. Asia Pacific: Hemp Derivatives Market Revenue Share, by Key Country (2020 and 2028) 76

Figure 45. Australia: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 76

Figure 46. China: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 78

Figure 47. India: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 80

Figure 48. Japan: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 82

Figure 49. South Korea: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 84

Figure 50. Rest of Asia-Pacific: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 86

Figure 51. Middle East and Africa: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 88

Figure 52. Middle East and Africa: Hemp Derivatives Market Revenue Share, by Type (2020 and 2028) 88

Figure 53. Middle East and Africa: Hemp Derivatives Market Revenue Share, by Application (2020 and 2028) 89

Figure 54. Middle East and Africa: Hemp Derivatives Market Revenue Share, by Key Country (2020 and 2028) 90

Figure 55. South Africa: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 90

Figure 56. Saudi Arabia: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 92

Figure 57. UAE: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 94

Figure 58. Rest of Middle East and Africa: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 96

Figure 59. South & Central America: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million) 98

Figure 60. South & Central America: Hemp Derivatives Market Revenue Share, by Type (2020 and 2028) 99

Figure 61. South & Central America: Hemp Derivatives Market Revenue Share, by Application (2020 and 2028) 100

Figure 62. South & Central America: Hemp Derivatives Market Revenue Share, by Key Country (2020 and 2028) 101

Figure 63. Brazil: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 101

Figure 64. Argentina: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 103

Figure 65. Rest of South & Central America: Hemp Derivatives Market – Revenue, and Forecast to 2028 (USD Million) 105

Figure 66. Impact of COVID-19 Pandemic in North America. 108

Figure 67. Impact of COVID-19 Pandemic in Europe. 109

Figure 68. Impact of COVID-19 Pandemic in Asia Pacific. 110

Figure 69. Impact of COVID-19 Pandemic in Middle East & Africa. 111

Figure 70. Impact of COVID-19 Pandemic in South and Central America. 112

The List of Companies - Hemp Derivatives Market

  1. Colorado Hemp Works, INC
  2. Dun Agro Hemp Group
  3. Ecofibre
  4. HempFlax Group B.V.
  5. HemPoland Sp. z o.o.
  6. Konoplex
  7. MH medical hemp GmbH
  8. Plains Industrial Hemp Processing Ltd.
  9. South Hemp
  10. BAFA Neu GmbH
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Frequently Asked Questions

The major players operating in the hemp derivative market are Colorado Hemp Works, Inc, Dun Agro Hemp Group, Ecofiber, Hempflax Group B.V., Hempoland Sp. Z O.O., Konoplex, Mh Medical Hemp Gmbh, Plains Industrial Hemp Processing Ltd, South Hemp, and BAFA Neu GmbH.

In 2021, Asia Pacific held the largest revenue share of the global hemp derivatives market. The increase in awareness about the medical benefits of hemp derivates has led to an increase in the utilization of hemp derivatives in Asia Pacific. Along with this, hemp derivatives find several applications in the textile industry. This dominance can be attributed to the extensive production and consumption of hemp fibers in the textile and paper industry. Furthermore, the booming market for cosmetics and personal care products in the Asia Pacific region and legalization of industrial hemp in food supplements is estimated to drive the hemp derivatives market in the region. In recent years, there has been an increase in consciousness regarding personal appearance among individuals in Asia Pacific, which has led to an increase in demand for cosmetic products, resulting in the growth of the cosmetic market in the region. The desire for a presentable personal image among Asian consumers has led to an increased awareness of personal hygiene habits.

Cannabidiol (CBD) is non-psychoactive and has various properties which led to an increased application CBD hemp oil across various industries. CBD hemp oil has various nutrients and minerals which are used for treating topical skin problems such as acne. Acne is a highly prevalent skin problem for which treatment options are in high demand. Moreover, CBD hemp oil is available in a variety of forms to make consumption easier, including edible options. CBD hemp oil is used for promoting health as it helps in body functioning with the changing environment. Thus, various application of hemp CBD oil in different industries has led to a growing demand of hemp derivative in this segment.

Among the four segments of type, hemp fiber segment has led the hemp derivatives market in 2021. Hemp is a bast fiber plant which is similar Jute, Kenaf, Flax among others. Hemp fiber is considered as one of the strong members of bast natural fibers family and is derived from the hemp plant under the species of Cannabis. These fibers are now being used as reinforcements in composite materials which is due to their biodegradability and low density compared with artificial fibers. The hemp fiber has various properties such as it conducts heat, resists mildew, dyes well, blocks ultraviolet light and has natural anti-bacterial properties.

Personal care segment is the fastest growing segment in the global hemp derivatives market during the forecasted period. Hemp derivatives has various applications in the personal care and cosmetic industry which includes usage in the manufacturing of soaps, cream, oil, lip balm, shampoos among others. Derivative such as hemp seed are rich in alpha-linolenic acid (omega-3) and linoleic acid (omega-6) along with hemp oil’s high and balanced fatty acids content which makes them an ideal ingredient for beauty care products. The hemp oil is used in cosmetic as they can penetrate through layers of the skin to promote cell growth. The hemp seeds are also used to repair and moisturize the dry and damaged skin along with supporting the health of hairs and nails. Hemp oil is an effective moisturizer which can provide the skin with a barrier for pollutants and can smooth the muscle aches.

Europe is estimated to register the fastest CAGR in the market over the forecast period. The increase in the demand for personal care and cosmetic products in Europe has led to the growth of the cosmetic industry. According to Cosmetic Europe, the Personal Care Association, the European personal care and cosmetic market is the largest in the world. According to Eurostat, the cosmetic and personal care industry in Europe is estimated to be at least US$ 34.2 billion in added value to the European economy annually.

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