Product ID: SQMIG35I2314
Report ID:
SQMIG35I2314 |
Region:
Global |
Published Date: February, 2024
Pages:
219
|
Tables:
93 |
Figures:
76
North America holds the largest market share in the global hemp market, driven by the US and Canada. The region has witnessed significant growth due to the legalization of hemp cultivation and the increasing acceptance of hemp-derived products. The US, in particular, experienced a boost in the hemp industry after the passage of the 2018 U.S. Farm Bill, which legalized hemp production and opened up opportunities for farmers and businesses. Canada has also embraced hemp cultivation for various applications, including food, fiber, and CBD extraction.
Asia Pacific region is the fastest-growing market for hemp. The region has witnessed a surge in demand for hemp-based products, driven by increasing consumer awareness about the health benefits of hemp, changing lifestyles, and the rise of the middle class. Additionally, several countries in the Asia Pacific region, such as China, Japan, South Korea, and Australia, have started exploring the cultivation and commercialization of hemp. The region offers vast agricultural land and potential for large-scale hemp production. Furthermore, the growing popularity of hemp-based textiles, personal care products, and dietary supplements in the region has fueled the market growth.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG35I2314