Apr 06, 2020 Xherald -- Global Hemp-based Foods Industry Size, Share, Growth, Trends, Market Analysis by Product Type (Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed, Others), Distribution Channel (Supermarket Stores, Convenience Stores, Hypermarket Stores, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)-Industry Trends and Forecast to 2027.
Data Bridge Market Research analyses the Hemp-Based Foods Market to account For USD 7.08 billion by 2027 growing at a CAGR of 6.85% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of hemp will help in boosting the growth of the market.
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The COVID -19 pandemic has put forth a demanding situation for players in Hemp-Based Foods Market. The widespread of the pandemic and the humanitarian toll taken by it is making it challenging for Market players to respond. This research study provides insights backed by our assessment of earlier emergencies and Market expertise. However, the pandemic is spreading rapidly, and some of the information in this study may become outdated.
Hemp-based Foods Market report offers detailed coverage of the market which includes industry chain structure, definitions, applications, and classifications. The report offers SWOT analysis for segments. The report provides helpful insights into all the leading trends of the market. It delivers a comprehensive study of all the segments and shares information regarding the leading regions in the market. It also provides statistical data on all the recent developments in the market. It also comprises a basic overview and revenue and strategic analysis under the company profile section. Market analysis is provided for the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status. This report also states market trend, import/export consumption, supply and demand Figures, cost, industry share, policy, price, revenue, and gross margins.
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Prominent players covered in the Global Hemp-based Foods Market contain
Compass Group Management LLC
Canopy Growth Corporation
CANADA HEMPFOODS LTD
Hemp Foods Australia Pty Ltd
Liaoning Qiaopai Biotech Co., Ltd
Naturally Splendid Enterprises LtD
Elixinol Global Limited
All the players running in the Global Hemp-based Foods Market are elaborated thoroughly in the Hemp-based Foods Market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Hemp-based Foods Market players.
North America dominates the hemp-based foods market due to the high prevalence of organic food product along with rising consumption of hemp based food, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the adoption of western food habits along with rising demand of hemp based foods because of their gluten free property.
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Global Hemp-based Foods Market Summary:- Surging preferences of the people regarding the consumption of hemp based food, increasing occurrences of celiac diseases, growing number of vegan population across the globe, rising health consciousness among the people are some of the factors that will likely to enhance the growth of the hemp-based foods market in the forecast period of 2020-2027.
On the other hand, growing food and beverages industry will further boost various opportunities that will lead to the growth of the hemp-based foods market in the forecast period.
Fluctuating prices of raw material will likely to hamper the growth of the hemp-based foods market in the above mentioned forecast period.
Global Hemp-based Foods Market Segment Breakdown:
Hemp-based Foods Market Segmented by Device Area (In Vitro Diagnostics (IVD), Cardiology Devices, Orthopedic Devices, Diagnostic Imaging Devices, Endoscopy Devices, Ophthalmology Devices, Drug Delivery Devices, Wound Management Devices, Other Device Areas)
Hemp-based Foods Market Segmented by Type (Molecular Diagnostics, Diagnostic Imaging, Non-Invasive Monitoring, Drug Delivery, Mobility Aid Technologies, Micro-Fluids and Mems, Bio-Implants, Biomaterials, Minimal/Non-Invasive Surgery, Telemedicine)
Hemp-based Foods Market Segmented by End User (Hospitals and Clinics Medical Device Industries, Pharmaceutical and Research Organizations, Others)