Hemp Market Growth 20192024 ď ľ
Published On : 17 April 2019
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Report Studies Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago. The classification of Hemp includes Hemp Seeds, Hemp Oil, Hemp Protein, Soft Gel Caps and Other, and the proportion of hemp seeds and hemp oil is in the similar level in 2017, the exact number is 34.21%, 34.98%, respectively. Hemp is widely used in Supermarkets, Convenience Stores and Others. The most proportion of Hemp is supermarkets, and the proportion in 2017 is about 48%.According to this study, over the next five years, the Hemp market will register a 22.9% CAGR in terms of revenue, the global market size will reach US$ 2780 million by 2024, from US$ 990 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hemp business, shared in Chapter 3.
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By Manufacture
Manitoba Harvest
CW Hemp/CW Botanicals
Aphria
Canopy Growth Corporation
Nutiva
Agropro
CV Sciences
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Hemp Market By Application 6 5 4 3 2 1 0
Application1
Application2 2018
Application3 2025
Application4
growth
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Hemp Market Value
CAGR 5.7% (2018 - 2023)
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2018
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2019
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2020
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2021
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2022
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2023
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2024
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2025
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