Global Hemp Seed Market: Overview
Hemp are rich blend of balanced vitamins, proteins, essential fats, and phytoenzymes with absence of saturated fats, starch and sugars. As, Hemp belongs to the family genus of cannabis it is mostly misleadingly to be known as abusive drug. Whereas according to studies conducted during a research that it contains tetrahydrocannabinoids (THC) which when used in small amount can to a great extent revert the effect of many diseases such as asthma, arthritis and even cancer as its proven that if not smoke hemp can work wonders due to presence of cannabidiol (0.3-1.5%) which helps in improving immunity, digestion, weight loss, hormonal balance and also improve metabolism. Hemp seeds are rich in GLA gamma-linoleic acid i.e. the main building block for the production prostaglandins hormones which are necessary for proper balance of growth hormones mainly in females suffering from PMS symptoms also beneficial to some extent in high B.P, Breast pain, obesity and many others.
Global Hemp Seed Market: Drivers and Restraints
Hemp seed market is primarily driven by its diverse vital properties. Hemp seed is predominantly used as a super food in nutritional supplements or as analgesic in medicines to treat mainly chronic diseases like High B.P, diabetes, PMS Premenstrual syndrome, obesity, skin allergies, rheumatoid arthritis, breast pain, and multiple sclerosis. Hemp seed is also used as an appetite suppressant and make you feel full and predominantly used in weight loss supplements and suppresses the person sugar cravings as its rich in fibre hemp also is helpful in treating constipation. Hemp seed is beneficial for growth and nourishment of hairs, nails and skin as its long been used in high-end cosmetic products such as lip balm, creams, soaps, lotions and skin moisturisers. Major cultivation in North America is done in Canada as the plant grow in the form of weed and does not require any herbicide or pesticide to support the growth.
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Global Hemp Seed Market: Segmentation
On the basis of product type, Hemp seed market is segmented into:-
- Auto flowering
On the basis of form, Hemp seed market is segmented into:-
- Hulled Hemp seed
- Shelled Hemp seed
- Toasted Hemp seed
- Hemp oil
- Hemp seed powder
- Hemp powder 33%
- Hemp powder 23%
- Hemp powder 50%
On the basis of Application, Hemp seed market is segmented into:-
- Food And Beverages
- Nutritional & Wellness supplements
- Cosmetics And Others
On the basis of sales channel, Hemp seed market is segmented into:-
- Pharmacy stores
- Specialty Stores
- Other retail formats
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Global Hemp Seed Market: Region wise Outlook
The global hemp seed market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In North America region Canada represents significant hold in the region for the growth of Hemp seed market owing to its various health benefits and as super food which has great nutritional value carrying amazing balance of all necessary vitamins, minerals, enzymes, phosphorus, iron, zinc, amino acids and omega-3 fatty acids followed by in APEJ region in China as mainly Central Asia is the ancient producer of hemp and other developing markets such as Japan and MEA to possess significant market demand for Hemp seed over the forecast period.
Global Hemp Seed Market: Key Players
Some of the prominent players identified in the global Hemp seed market includes Canadian Hemp Trade Alliance, Parkland Industrial Hemp Growers, Hemp Genetics International, Yorkshire Hemp, Agropro, Finola, LA CHANVRIÈRE and many others.
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