Asia Pacific Industrial Hemp Market Research Report Forecast to 2030
The Asia Pacific industrial hemp market is projected to witness significant growth during the review period, exhibiting a CAGR of 18.34%.
The industrial hemp market is witnessing significant growth due to the increasing demand for hemp from various application industries such as textiles, food and beverage, personal care, and pharmaceuticals. Hemp is a versatile plant that is used in a wide range of products and applications, including clothing, construction materials, and biofuels. Hemp is increasingly being used as a raw material for textile production due to its strength, durability, and sustainability. Additionally, the rising demand for natural food ingredients is driving the growth of the hemp market, as hemp is a rich source of protein and omega-3 fatty acids. The primary driver of the hemp market is the growing demand for hemp from various application industries. However, one of the major challenges faced by the hemp market is the fluctuating prices of raw materials. The cost of hemp is dependent on several factors, including the supply and demand of the crop, the cost of production, and government regulations. Despite these challenges, the hemp market offers significant opportunities, particularly in Asia, where the status of industrial hemp is improving.
The Asia Pacific industrial hemp market is projected to witness significant growth during the forecast period. The key factors driving the growth in the market are the growing demand of hemp from various application industries and rising demand for natural food ingredients. However, stringent government policies regarding the usage of industrial hemp and fluctuations in the prices of raw materials can impact the growth of the market negatively. Moreover, improving status of industrial hemp in countries across Asia and the development of innovative products from industrial hemp is creating growth avenues for the industrial hemp market Asia Pacific for the forecast period.
Market Segmentation
Based on Type, the Asia Pacific industrial hemp market has been divided into grain, fiber, dual use (hybrid), and cannabinoid (CBD). Based on application, the Asia Pacific industrial hemp market has been segmented into pharmaceutical, food & beverages, textiles, paper & pulp industry, animal feed industry, and others
Based on category, the market has been segmented into organic, and conventional. Based on Form, the Asia Pacific industrial hemp market has been segmented into powder, and liquid.
Countries like China, India, and Japan are now allowing the cultivation of hemp for industrial purposes, which is expected to drive the growth of the hemp market in the region. However, the growth of the market is restrained by stringent government policies, and businesses must navigate the challenges of fluctuating prices.
Major Players
The key players operating in the Asia Pacific industrial hemp market include Tilray (Hemp Oil Canada) (Canada), NP Nutra (US), Z-Company (Netherlands), Bombay Hemp Company (India), Bioriginal Food & Science Corp (Canada), Canah International (Romania), Connoils LLC (US), India Hemp Organics (India), Konoplex Group (Russia), and HempFlax BV (Netherlands).
Companies Mentioned
Tilray (Hemp Oil Canada) (Canada)
NP Nutra (US)
Z-Company (Netherlands)
Bombay Hemp Company (India)
Bioriginal Food & Science Corp (Canada)
Canah International (Romania)
Connoils LLC (US)
India Hemp Organics (India)
Konoplex Group (Russia)
and HempFlax BV (Netherlands)
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- 1 Executive Summary 12
- 1.1.1 Asia Pacific Industrial Hemp Market, By Type 14
- 1.1.2 Asia Pacific Industrial Hemp Market, By Category 15
- 1.1.3 Asia Pacific Industrial Hemp Market, By Form 16
- 1.1.4 Asia Pacific Industrial Hemp Market, By Application 17
- 1.1.5 Asia Pacific Industrial Hemp Market, By Region 17
- 2 Market Introduction 18
- 2.1 Definition 18
- 2.2 Scope Of The Study 18
- 2.3 Research Objective 18
- 2.4 Market Structure 18
- 3 Research Methodology 19
- 3.1 Research Process 19
- 3.2 Primary Research 20
- 3.3 Secondary Research 21
- 3.4 Market Size Estimation 22
- 3.5 Forecast Model 23
- 3.6 List Of Assumptions & Limitations 24
- 4 Market Dynamics 25
- 4.1 Introduction 25
- 4.2 Drivers 26
- 4.2.1 Growing Demand Of Hemp From Various Application Industries 26
- 4.2.2 Rising Demand For Natural Food Ingredients 26
- 4.2.3 Driver Impact Analysis 27
- 4.3 Restraints 27
- 4.3.1 Stringent Government Policies Regarding The Usage Of Industrial Hemp 27
- 4.3.2 Restraint Impact Analysis 28
- 4.4 Opportunities 28
- 4.4.1 Improving Status Of Industrial Hemp In Countries Across Asia 28
- 4.4.2 Development Of Innovative Products From Industrial Hemp 29
- 4.5 Challenges 29
- 4.5.1 Fluctuating Prices Of Raw Material 29
- 5 Market Factor Analysis 30
- 5.1 Value Chain Analysis 30
- 5.1.1 Raw Material 31
- 5.1.2 Processing 32
- 5.1.2.1 Cultivation & Harvesting 32
- 5.1.2.2 Grain Processing 32
- 5.1.2.3 Fiber Processing 32
- 5.1.2.4 Quality Control 32
- 5.1.3 Packaging 33
- 5.2 Supply Chain Analysis 33
- 5.2.1 Raw Materials Sourcing 33
- 5.2.2 Manufacturing 34
- 5.2.3 Distribution 34
- 5.2.4 End-user 34
- 5.3 Porter's Five Forces Model 35
- 5.3.1 Threat Of New Entrants 35
- 5.3.2 Bargaining Power Of Suppliers 36
- 5.3.3 Threat Of Substitutes 36
- 5.3.4 Bargaining Power Of Buyers 36
- 5.3.5 Intensity Of Rivalry 36
- 5.4 Covid-19 Impact Analysis 37
- 5.4.1 Impact On Supply Chain 37
- 5.4.2 Impact On Supply Chain 37
- 5.4.3 Supply Disruption 38
- 5.4.4 Impact On Application Areas 39
- 6 Asia Pacific Industrial Hemp Market, By Type 40
- 6.1 Introduction 40
- 6.1.1 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Type, 2020–2030 41
- 6.2 Grain 41
- 6.2.1 Grain: Market Estimates & Forecast, By Country, 2020-2030 41
- 6.3 Fiber 42
- 6.3.1 Fiber: Market Estimates & Forecast, By Country, 2020-2030 42
- 6.4 Dual Use (Hybrid) 42
- 6.4.1 Dual Use (Hybrid): Market Estimates & Forecast, By Country, 2020-2030 42
- 6.5 Cannabinoid(Cbd) 43
- 6.5.1 Cannabinoid(Cbd): Market Estimates & Forecast, By Country, 2020-2030 43
- 7 Asia Pacific Industrial Hemp Market, By Category 44
- 7.1 Introduction 44
- 7.1.1 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Category, 2020–2030 45
- 7.2 Organic 45
- 7.2.1 Organic: Market Estimates & Forecast, By Country, 2020-2030 45
- 7.3 Conventional 46
- 7.3.1 Conventional: Market Estimates & Forecast, By Country, 2020-2030 46
- 8 Asia Pacific Industrial Hemp Market, By Form 47
- 8.1 Introduction 47
- 8.1.1 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Form, 2020–2030 48
- 8.2 Powder 48
- 8.2.1 Powder: Market Estimates & Forecast, By Country, 2020-2030 48
- 8.3 Liquid 49
- 8.3.1 Liquid: Market Estimates & Forecast, By Country, 2020-2030 49
- 9 Asia Pacific Industrial Hemp Market, By Application 50
- 9.1 Introduction 50
- 9.1.1 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Application, 2020–2030 51
- 9.2 Pharmaceutical 51
- 9.2.1 Pharmaceutical: Market Estimates & Forecast, By Country, 2020-2030 51
- 9.3 Food & Beverages 52
- 9.3.1 Food & Beverages: Market Estimates & Forecast, By Country, 2020-2030 52
- 9.4 Textiles 53
- 9.4.1 Textiles: Market Estimates & Forecast, By Country, 2020-2030 53
- 9.5 Paper & Pulp Industry 53
- 9.5.1 Paper & Pulp Industry: Market Estimates & Forecast, By Country, 2020-2030 53
- 9.6 Animal Feed Industry 55
- 9.6.1 Animal Feed Industry: Market Estimates & Forecast, By Country, 2020-2030 55
- 9.7 Others 55
- 9.7.1 Others: Market Estimates & Forecast, By Country, 2020-2030 55
- 10 Asia Pacific Industrial Hemp Market, By Country 57
- 10.1 Introduction 57
- 10.1.1 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Country, 2020–2030 59
- 10.2 China 59
- 10.2.1 Japan 60
- 10.2.2 India 62
- 10.2.3 Australia 64
- 10.2.4 New Zeland 66
- 10.2.5 Rest Of The Asia Pacific 68
- 11 Competitive Landscape 70
- 11.1 Introduction 70
- 11.1.1 Market Strategy Analysis 70
- 11.2 Competitive Benchmarking 71
- 11.3 Key Developments & Growth Strategies 72
- 11.3.1 Product Launch 72
- 11.3.2 Expansion 72
- 12 Company Profiles 73
- 12.1 Tilray (Hemp Oil Canada) 73
- 12.1.1 Company Overview 73
- 12.1.2 Financial Overview 74
- 12.1.3 Products Offered 75
- 12.1.4 Key Developments 75
- 12.1.5 Swot Analysis 75
- 12.1.6 Key Strategies 76
- 12.2 Np Nutra 77
- 12.2.1 Company Overview 77
- 12.2.2 Financial Overview 77
- 12.2.3 Products Offered 77
- 12.2.4 Key Developments 77
- 12.2.5 Swot Analysis 78
- 12.2.6 Key Strategies 78
- 12.3 Z-company 79
- 12.3.1 Company Overview 79
- 12.3.2 Financial Overview 79
- 12.3.3 Products Offered 79
- 12.3.4 Key Developments 79
- 12.3.5 Swot Analysis 80
- 12.3.6 Key Strategies 80
- 12.4 Bombay Hemp Company (Boheco) 81
- 12.4.1 Company Overview 81
- 12.4.2 Financial Overview 81
- 12.4.3 Products Offered 81
- 12.4.4 Key Developments 81
- 12.4.5 Swot Analysis 82
- 12.4.6 Key Strategies 82
- 12.5 Bioriginal Food & Science Corp 83
- 12.5.1 Company Overview 83
- 12.5.2 Financial Overview 83
- 12.5.3 Products Offered 83
- 12.5.4 Key Developments 83
- 12.5.5 Swot Analysis 84
- 12.5.6 Key Strategies 84
- 12.6 Canah International 85
- 12.6.1 Company Overview 85
- 12.6.2 Financial Overview 85
- 12.6.3 Products Offered 85
- 12.6.4 Key Developments 85
- 12.6.5 Key Strategies 86
- 12.7 Connoils Llc 87
- 12.7.1 Company Overview 87
- 12.7.2 Financial Overview 87
- 12.7.3 Products Offered 87
- 12.7.4 Key Developments 87
- 12.7.5 Key Strategies 87
- 12.8 India Hemp Organics 88
- 12.8.1 Company Overview 88
- 12.8.2 Financial Overview 88
- 12.8.3 Products Offered 88
- 12.8.4 Key Developments 88
- 12.8.5 Key Strategies 88
- 12.9 Konoplex Group 89
- 12.9.1 Company Overview 89
- 12.9.2 Financial Overview 89
- 12.9.3 Products Offered 89
- 12.9.4 Key Developments 89
- 12.9.5 Key Strategies 89
- 12.10 Hempflax Bv 90
- 12.10.1 Company Overview 90
- 12.10.2 Financial Overview 90
- 12.10.3 Products Offered 90
- 12.10.4 Key Developments 91
- 12.10.5 Key Strategies 91
- List Of Tables
- Table 1 Primary Interviews 20
- Table 2 List Of Assumptions & Limitations 24
- Table 3 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Type, 2020–2030 (Usd Million) 41
- Table 4 Grain: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 41
- Table 5 Fiber: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 42
- Table 6 Dual Use (Hybrid): Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 42
- Table 7 Cannabinoid(Cbd): Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 43
- Table 8 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Category, 2020–2030 (Usd Million) 45
- Table 9 Organic: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 45
- Table 10 Conventional: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 46
- Table 11 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Form, 2020–2030 (Usd Million) 48
- Table 12 Powder: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 48
- Table 13 Liquid: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 49
- Table 14 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Application, 2020–2030 (Usd Million) 51
- Table 15 Pharmaceutical: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 51
- Table 16 Food & Beverages: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 52
- Table 17 Textiles: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 53
- Table 18 Paper & Pulp Industry: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 53
- Table 19 Animal Feed Industry: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 55
- Table 20 Others: Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 55
- Table 21 Asia Pacific Industrial Hemp Market Estimates & Forecast, By Country, 2020–2030 (Usd Million) 59
- Table 22 China: Industrial Hemp Market, By Type, 2020–2030 (Usd Million) 59
- Table 23 China: Industrial Hemp Market, By Category, 2020–2030 (Usd Million) 59
- Table 24 China: Industrial Hemp Market, By Form, 2020–2030 (Usd Million) 60
- Table 25 China: Industrial Hemp Market, By Application, 2020–2030 (Usd Million) 60
- Table 26 Japan: Industrial Hemp Market, By Type, 2020–2030 (Usd Million) 60
- Table 27 Japan: Industrial Hemp Market, By Category, 2020–2030 (Usd Million) 60
- Table 28 Japan: Industrial Hemp Market, By Form, 2020–2030 (Usd Million) 62
- Table 29 Japan: Industrial Hemp Market, By Application, 2020–2030 (Usd Million) 62
- Table 30 India: Industrial Hemp Market, By Type, 2020–2030 (Usd Million) 62
- Table 31 India: Industrial Hemp Market, By Category, 2020–2030 (Usd Million) 62
- Table 32 India: Industrial Hemp Market, By Form, 2020–2030 (Usd Million) 64
- Table 33 India: Industrial Hemp Market, By Application, 2020–2030 (Usd Million) 64
- Table 34 Australia: Industrial Hemp Market, By Type, 2020–2030 (Usd Million) 64
- Table 35 Australia: Industrial Hemp Market, By Category, 2020–2030 (Usd Million) 64
- Table 36 Australia Industrial Hemp Market, By Form, 2020–2030 (Usd Million) 66
- Table 37 Australia: Industrial Hemp Market, By Application, 2020–2030 (Usd Million) 66
- Table 38 New Zeland: Industrial Hemp Market, By Type, 2020–2030 (Usd Million) 66
- Table 39 New Zeland: Industrial Hemp Market, By Category, 2020–2030 (Usd Million) 66
- Table 40 New Zeland: Industrial Hemp Market, By Form, 2020–2030 (Usd Million) 68
- Table 41 New Zeland: Industrial Hemp Market, By Application, 2020–2030 (Usd Million) 68
- Table 42 Rest Of The Asia Pacific: Industrial Hemp Market, By Type, 2020–2030 (Usd Million) 68
- Table 43 Rest Of The Asia Pacific: Industrial Hemp Market, By Category, 2020–2030 (Usd Million) 69
- Table 44 Rest Of The Asia Pacific: Industrial Hemp Market, By Form, 2020–2030 (Usd Million) 69
- Table 45 Rest Of The Asia Pacific: Industrial Hemp Market, By Application, 2020–2030 (Usd Million) 69
- Table 46 Product Launch 72
- Table 47 Expansion 72
- Table 48 Tilray (Hemp Oil Canada): Products Offered 75
- Table 49 Np Nutra: Products Offered 77
- Table 50 Z-company: Products Offered 79
- Table 51 Bombay Hemp Company (Boheco).: Products Offered 81
- Table 52 Bombay Hemp Company (Boheco): Key Developments 81
- Table 53 Bioriginal Food & Science Corp: Products Offered 83
- Table 54 Canah International.: Products Offered 85
- Table 55 Connoils Llc: Products Offered 87
- Table 56 India Hemp Organics: Products Offered 88
- Table 57 Konoplex Group: Products Offered 89
- Table 58 Hempflax Bv: Products Offered 90
- List Of Figures
- Figure 1 Market Synopsis 13
- Figure 2 Asia Pacific Industrial Hemp Market Analysis By Type 14
- Figure 3 Asia Pacific Industrial Hemp Market Analysis By Category 15
- Figure 4 Asia Pacific Industrial Hemp Market Analysis By Form 16
- Figure 5 Asia Pacific Industrial Hemp Market Analysis By Application 17
- Figure 6 Asia Pacific Industrial Hemp Market Analysis By Region 17
- Figure 7 Asia Pacific Industrial Hemp Market: Structure 18
- Figure 8 Research Process 19
- Figure 9 Top-down & Bottom-up Approaches 22
- Figure 10 Market Dynamic Analysis Of The Asia Pacific Industrial Hemp Market 25
- Figure 11 Value Chain: Asia Pacific Industrial Hemp Market 31
- Figure 12 Asia Pacific Industrial Hemp Market: Supply Chain Analysis 33
- Figure 13 Porter's Five Forces Analysis Of The Asia Pacific Industrial Hemp Market 35
- Figure 14 Impact Of The Covid-19 Outbreak On Asia Pacific Industrial Hemp Market 37
- Figure 15 Asia Pacific Industrial Hemp Market: Supply Chain 37
- Figure 16 Asia Pacific Industrial Hemp Market: Imbalance Of Supply/Demand 38
- Figure 17 Asia Pacific Industrial Hemp Market, By Type, 2022 (% Share) 40
- Figure 18 Asia Pacific Industrial Hemp Market, By Type, 2020 To 2030 (Usd Million) 40
- Figure 19 Asia Pacific Industrial Hemp Market, By Category, 2022 (% Share) 44
- Figure 20 Asia Pacific Industrial Hemp Market, By Category, 2020 To 2030 (Usd Million) 44
- Figure 21 Asia Pacific Industrial Hemp Market, By Form, 2022 (% Share) 47
- Figure 22 Asia Pacific Industrial Hemp Market, By Form, 2020 To 2030 (Usd Million) 47
- Figure 23 Asia Pacific Industrial Hemp Market, By Application, 2022 (% Share) 50
- Figure 24 Asia Pacific Industrial Hemp Market, By Application, 2020 To 2030 (Usd Million) 50
- Figure 25 Asia Pacific Industrial Hemp Market, By Country, 2022 (% Share) 58
- Figure 26 Asia Pacific Industrial Hemp Market, By Country, 2020 To 2030 (Usd Million) 58
- Figure 27 Tilray (Hemp Oil Canada): Financial Overview Snapshot 74
- Figure 28 Hemp Oil Canada (Tilray): Swot Analysis 75
- Figure 29 Np Nutra: Swot Analysis 78
- Figure 30 Z-company: Swot Analysis 80
- Figure 31 Bombay Hemp Company (Boheco): Swot Analysis 82
- Figure 32 Bioriginal Food & Science Corp: Swot Analysis 84
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