Hemp-Based Food Market Report: Industry Trends, Share, Size, Growth, and Forecast 2021-2026 The global hemp-based food market exhibited strong growth during 2015-2020 and expects the market to grow at a CAGR of around 15% during 2021-2026.
BriefingWire.com, 6/14/2021 - According to the latest report by IMARC Group, titled â Hemp-Based Food Market Share : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,â Hemp-based food is produced by harvesting the hemp plant and hulling whole hemp seeds to obtain oil-rich kernels. These kernels are generally used for preparing hemp milk, hemp oil, cheese substitutes, protein powder, etc. Hemp-based food contains a high amount of fiber, vitamins and minerals, and is free from gluten, lactose, allergens, phytoestrogens, and pesticides. Hemp-based seeds are also used to prepare corn chips, granola bars, pretzels, bread, cereals, etc.
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Global Industrial Hemp Market will grow and reach US$ 17.4 Billion by 2027, from US$ 5.6 Billion in 2020
Industrial Hemp is an agricultural commodity that is cultivated for use in a wide range of products, including foods and beverages, personal care and cosmetics products, nutritional supplements, fabrics and textiles. Also yarns and spun fibres, paper, construction and insulation materials - supplementary manufacturing goods. Hemp can be grown up as a fibre, seed, or another dual-function crop. Conversely, Hemp is also from the same species of plant, Cannabis sativa, as marijuana.
The dynamic chemical present in the plant is tetrahydrocannabinol (THC). The cannabis plant has several medical as well as recreational usages. In medicine, cannabis will treat nausea, asthma, vomiting, chronic pains, and many other diseases. The plant also has physiological and psychoactive effects when taken into the body.
/PRNewswire/ The "Hemp Seeds Market Global Forecast By Product, Application, Regions, Company Analysis" report has been added to ResearchAndMarkets.com s.
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Worldwide Hemp Seed Market was valued at US$ 388.46 Million in the year 2020 and is expected to be US$ 544.93 Million by 2027
The industry is expected to grow with a CAGR of 4.95% from 2020 to 2027.
Hemp seeds or hemp hearts are seed produced by cannabis Sativa or hemp plants. Hemp is often confused with marijuana as they belong to the same family. Hemp seeds contain 1% of THC, the active ingredient in marijuana. Hemp seed has nutritional benefits; they have the most balanced amino acids, essential fats, vitamins, iron and antioxidants. Its protein offers optimal health and well-being of life.