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Hemp-based Products Market expected to Reach USD 8.92 Billion by 2029 at a CAGR of 18 percent

(Entertainment-NewsWire.com, October 12, 2023 ) As per Maximize Market research, the Hemp-based Products Market was USD 2.80 Billion in 2022 and is expected to grow at a CAGR of 18 percent over the forecast period to reach USD 8.92 Billion by 2029.



Hemp-based Products Market Scope and Research Methodology



The report on Hemp-based Products Market covers an in-depth analysis of the report. It includes market dynamics that includes the drivers, restraints, challenges and growth opportunities in the market. The report also includes a thorough competitive landscape that includes key players and new entrants to give a detailed understanding of the market. For the analysis, SWOT, PESTLE and Porterís Five Force analysis was conducted to grasp the various factors affecting the market.



Obtain a complimentary sample report: https://www.maximizemarketresearch.com/request-sample/215725



Hemp-based Products Market Dynamics



Consumer awareness regarding the health benefits associated with hemp is expected to be a major driver for the growth of the market. Increasing use in natural therapies has made it an alternative to synthetic drugs given its natural effectiveness.



Hemp-based Products Market Regional Insights



North America dominated the Hemp-based Products Market in 2022 and is expected to continue with the growth streak over the forecast period. Europe is expected to be the second largest region to dominate the market.



Obtain a complimentary sample report: https://www.maximizemarketresearch.com/request-sample/215725



Hemp-based Products Market Segmentation



By Product Type



Hemp oil

Seeds

CBD-infused



By Application



Food and drinks

Textiles

Others



By Distribution Channel



Online retail

Specialty stores

Others



By End-User



Businesses

Individual consumers



By Source



Organic

Conventional



By Extraction Method



Solvent-based extraction

Solventless extraction



By Certification



Organic

Non-GMO

Fair trade

Others



By Hemp Cultivation



Indoor cultivation

Outdoor cultivation



Obtain a complimentary sample report: https://www.maximizemarketresearch.com/request-sample/215725



Hemp-based Products Market Key Players



Charlotte's Web

HempMeds

Lazarus Naturals

Endoca

CBDfx

Joy Organics

Green Roads

Royal CBD



Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:



Hemp Seeds Market - The market size is expected to reach USD 1926.9 Mn. by 2029 at a CAGR of 6.9 percent during the forecast period.



Hemp-based Food Market - The market size is expected to reach USD 8.09 Bn. by 2029 at a CAGR of 5.5 percent during the forecast period.



About Maximize Market Research:



Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

Dnyaneshwari Yevale

09607365656

akash.r@maximizemarketresearch.com

Source: EmailWire.Com

Source: EmailWire.com

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