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North America Hemp Market Analysis, Share, Size, Outlook and Forecast 2022-27

    Babita Rana

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    According to the latest report by IMARC Group, titled “North America Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the north america hemp market is expected to exhibit a CAGR of 17.2% during 2022-2027.

    We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

    Hemp is a small, brown oilseed obtained from the Cannabis Sativa plant. It is rich in healthy fats, proteins, minerals, fibers and antioxidants. It is commonly used to enhance metabolism, boost immunity, reduce anxiety, and treat chronic pain. Consequently, it finds application in the production of pharmaceuticals, nutritional supplements, cosmetics, and food and beverages across the North American region.

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    Market Trends:

    At present, there is a significant rise in the prevalence of cancer in the North American region. This, in confluence with the increasing awareness among individuals about the nutritional benefits of hemp, is catalyzing the demand for hemp-based products. These products assist in relieving chemotherapy-induced nausea, fatigue and chronic pain in cancer patients. Apart from this, due to the growing vegan food trends, there is a considerable rise in the demand for plant-sourced alternatives, such as hemp-based vegan meat and hemp milk, across the region. The market is further influenced by the introduction of ready-to-eat (RTE) product variants, such as hemp-based cereals, smoothies, bars and yogurt.

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    List of Key Companies Covered in this Market Report:

    • BaFa Neu GmbH(Planete Chanvre)
    • Dun Agro Hemp Group
    • Ecofibre
    • Gencanna
    • Hemp Inc
    • Hemp Oil Canada
    • Hempflax BV(Hempflax Group BV)
    • Konoplex Group
    • Marijuana Company of America Inc
    • U.S. HempCo

    Breakup by Product Type:

    • Hemp Seed
    • Hemp Seed Oil
    • CBD Hemp Oil
    • Others
    Breakup by Application:
    • Food
    • Beverages
    • Textiles
    • Pharmaceuticals
    • Personal Care Products
    • Others (Paper, Automobiles, Construction and Materials, Furniture, etc.)

    Breakup by Source:

    • Organic
    • Conventional

    Breakup by Country:

    • United States
    • Canada

    Key highlights of the report:

    • Market Performance (2016-2021)
    • Market Outlook (2022- 2027)
    • Porter’s Five Forces Analysis
    • Market Drivers and Success Factors
    • SWOT Analysis
    • Value Chain

    Comprehensive Mapping of the Competitive Landscape

    If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

    About Us

    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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