Asia Pacific Industrial Hemp Market Size & Outlook
Asia Pacific industrial hemp market, 2018-2030 (US$M)
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Asia Pacific industrial hemp market highlights
- The Asia Pacific industrial hemp market generated a revenue of USD 1,557.3 million in 2022.
- The market is expected to grow at a CAGR of 18.5% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,557.3 million |
| Market revenue in 2030 | USD 6,059.9 million |
| Growth rate | 18.5% (CAGR from 2022 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Seeds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Seeds, Fiber, Shives |
| Key market players worldwide | Marijuana Company of America Inc, Medical Marijuana Inc, Tetra Tech Inc, American Medical Technologies Inc, Hemp Inc, Ecofibre Ltd Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.8% of the global industrial hemp market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 6,967.4 million by 2030.
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Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industrial hemp market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial hemp market will help companies and investors design strategic landscapes.
Fiber was the largest segment with a revenue share of 75.39% in 2022. Horizon Databook has segmented the Asia Pacific industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Asia pacific industrial hemp market accounted for major share in industrial hemp market owing to rising consumer demand for hemp based food products having high nutritional value. Furthermore, the demand for products is driven by increasing consumption of hemp fiber in manufacturing of biodegradable textile for consumer and industrial application.
The presence of major supplier countries including China, India, Australia, Bangladesh, South Korea, Nepal and Thailand is expected to have positive impact on market growth by developing efficient supply chain in hemp market.
The region is expected to witness high growth owing to emerging application industries consuming four main hemp products such as hemp seeds, hemp protein powder, hemp oil and hemp flour.
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Target buyers of Asia Pacific industrial hemp market databook
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Our clientele includes a mix of industrial hemp market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial hemp market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industrial hemp market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
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