Colombia Hemp Market 2022: Growth, Trends, Share, Scope and Forecast 2027

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    According to the latest report by IMARC Group, titled Colombia Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The Colombia hemp market is expected to exhibit a CAGR of 20.1% during 2022-2027.

    Hemp refers to brown-colored small seeds of the Cannabis Sativa plant. Some of the widely available product variants are hemp seeds, CBD hemp oil, hemp seed oil, and hemp fiber. They are rich in minerals, protein, fibers, and healthy fats that offer several health benefits, such as boosting immunity, treating inflammation, enhancing metabolism, reducing chronic pain, etc. As a result, hemp finds widespread applications across the cosmetics, pharmaceuticals, and food and beverages industries.

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    Note: 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.

    Market Trends:

    In Colombia, the growing focus on the legalization of cannabis-based products is currently driving the market growth. Furthermore, the rising consumer health consciousness and increasing awareness about several nutritional benefits of hemp seeds are also augmenting the demand for hemp-based products. Additionally, the growing prevalence of cancer has induced the consumption of hemp oil and hemp gummies to relieve chemotherapy-induced fatigue, nausea, chronic pain, etc. Moreover, the changing consumer preferences from high-calorie food items to a protein-rich diet are further catalyzing the demand for hemp seeds. Besides this, the emergence of vegan food trends is also bolstering the demand for hemp-based meat and hemp milk, which is expected to strengthen the market for hemp seeds in Colombia over the forecasted period.

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    List of Key Companies Covered in this Market Report:

    • Avicanna Inc
    • Cannabco Pharmaceutical Corp Colombia S A S
    • CBDINC Group
    • CBD Seed Co (Hemp Depot)
    • Clever Leaves
    • Colombian Hemp Company
    • Khiron Life Sciences Corp
    • One World Pharma Inc
    • Pharmacielo Ltd
    • Sky Hemp Organic

    Breakup by Type:

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

    Breakup by Source:

    • Conventional
    • Organic

    Breakup by Consumer Age Group:

    • 18-24
    • 25-34
    • 35-44
    • 45-54
    • 55-64
    • Above 65

    Breakup by Application:

    • Food
    • Beverages
    • Personal Care Product
    • Textiles
    • Pharmaceuticals
    • Construction Materials
    • Others

    Breakup by Region:

    • Andean Region
    • Caribbean Region
    • Pacific Region
    • Orinoquia Region
    • Amazon Region

    If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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