Hemp Extract Market Size, Share, Supplement, Application, Demand and Growth Forecast to 2023

The Global Hemp Extract Market is estimated USD 130 million in sales 2016 and growing at a 53% CAGR by 2023 contributed significantly to the USD 688 million in total sales.

November 17, 2017 /MarketersMedia/ —

The Global Hemp Extract Market is segmented on the basis of type, application, source, forms and distribution channel. On the basis of type hemp seeds market hemp seed, hemp seed protein, seed cake and hemp oil. On the basis of distribution channels, hemp product market is segmented by direct and indirect sales. Hemp protein is a rich source of all essential amino acids that are necessary to meet the protein needs of humans. Food & beverages are expected to be the largest application segment in the global hemp food extract market.

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The consumer is expecting organic based plant-based protein and hemp is considered one of the best plant protein sources. Hemp can be used in numerous applications including functional foods and beverages, dietary supplements, clothing, skin care products and even industrial applications. The hemp CBD category was led by channel sales in natural and specialty products, smoke shops, and online verticals.

The growth is mainly driven by the increasing demand from the hemp food, nutritional supplement industries, and the pharmaceutical sectors. These are free from allergens, gluten, GMO, lactose, soy, and pesticides which drive this market. Lack of awareness among consumers about the health benefits of hemp-based food as an ingredient restricts its use in various foods and beverages companies.

The Manufacturers in Global Hemp Extract Market are – Navitas Naturals, Hemp Oil Canada, North American Hemp & Grain Co, Kenny Delights, Manitoba Harvest, Mettrum Originals, Naturally Splendid, Braham And Murray, Elixinol, Laguna Blends, Nutiva.

Complete report on Hemp Extract Industry spread across 132 pages, profiling 11 companies and supported with tables and figures. Inquire for more at - https://www.orianresearch.com/discount/410859 .

The growth of the hemp protein market is driven by increasing demand for hemp seed oil, growing health consciousness among consumers, rising demand for nutritional food products, new product developments, and improved supply chain to ensure the product availability.

Key Benefit Of The Report:
• This report provides current market trends and future growth expectations.
• This report examines the market size and changing competitive dynamics
• It covers information regarding key drivers, challenges or restraining market growth
• It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management.
• Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
• This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.

Target Audience:
• Health care and pharmacy industries
• Clothing and textile industries
• Food and baby care industries
• Commercial research & development (R&D) institutions
• financial institutions
• Investors

Geographically, North America is anticipated to dominate the regional hemp extract products. Western Europe is expected to hold the second largest market, followed by Asia-Pacific.
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Major Points Covered in Table of Contents:
1 EXECUTIVE SUMMARY
2 DEMOGRAPHIC OVERVIEW
3 RESEARCH METHODOLOGY
4 PREMIUM INSIGHTS
5. MARKET OVERVIEW
6 MARKET FACTOR ANALYSIS
7 GLOBAL HEMP EXTRACT MARKET BY TYPE
8 GLOBAL HEMP EXTRACT MARKET BY APPLICATION
9. GLOBAL HEMP EXTRACT MARKET BY SOURCE
10. GLOBAL HEMP EXTRACT MARKET BY FORMS
11. GLOBAL HEMP EXTRACT MARKET BY DISTRIBUTION CHANNEL
12. GLOBAL HEMP EXTRACT MARKET BY REGION
13 MARKET TRENDS & COMPETITIVE ANALYSIS
14 COMPANY PROFILES
Author List
Disclosure Section
Research Methodology
Data Source

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Source: MarketersMedia

Release ID: 266202