Europe Industrial Hemp Market Size & Outlook, 2022-2030
Europe industrial hemp market, 2018-2030 (US$M)
Related Markets
Europe industrial hemp market highlights
- The Europe industrial hemp market generated a revenue of USD 950.2 million in 2022.
- The market is expected to grow at a CAGR of 10.9% from 2023 to 2030.
- In terms of segment, shives 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 950.2 million |
| Market revenue in 2030 | USD 2,173.6 million |
| Growth rate | 10.9% (CAGR from 2022 to 2030) |
| Largest segment | Shives |
| 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, Europe region accounted for 20.0% 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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Europe 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.
Shives was the largest segment with a revenue share of 58.25% in 2022. Horizon Databook has segmented the Europe industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the third largest market for industrial hemp in terms of volume as well as revenue. The demand for the product in the region is driven by the growing demand for hemp fibers in major economies including Russia, UK, Germany, etc.
The region is expected to witness significant growth owing to growing demand for food products, cosmetics, textile and building materials. Germany is one of the largest consumer for fiber composites for its application in automotive panels.
In addition, growing demand from application industries are encouraging hemp cultivation in the region indicating 300% increase in the past five years and estimated to reach 33,000 ha in 2016. Germany, France, Romania, and Hungary are the major country’s cultivating industrial hemp in the region.
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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 Europe industrial hemp market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe industrial hemp market size, by country, 2018-2030 (US$M)
Europe Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
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