Japan Industrial Hemp Market Size & Outlook, 2022-2030
Japan industrial hemp market, 2018-2030 (US$M)
Related Markets
Japan industrial hemp market highlights
- The Japan industrial hemp market generated a revenue of USD 232.5 million in 2022 and is expected to reach USD 538.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 11.1% 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.
Industrial hemp market data book summary
| Market revenue in 2022 | USD 232.5 million |
| Market revenue in 2030 | USD 538.9 million |
| Growth rate | 11.1% (CAGR from 2022 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Seeds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Japan accounted for 4.9% of the global industrial hemp market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,393.7 million by 2030.
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Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 47.83% in 2022. Horizon Databook has segmented the Japan industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Japan accounted for significant industrial hemp consumption and the demand for product is driven by the food & beverages and personal care industry. Hemp oil on account of high fatty acid content is majorly used in food products including supplements, day to day recipes, salads and several other products.
Traditional costume (Kimono), special garments manufactured from exclusive fabric for upper classes and industrial textile products use hemp fiber. The growing demand of hemp oil replacing fish oil due to nuclear power plant incident in the country is expected to drive the market growth over the forecast period.
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Target buyers of Japan 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 country-level data and insights on the Japan industrial hemp market , including forecasts for subscribers. This country databook contains high-level insights into Japan industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan industrial hemp market size, by product, 2018-2030 (US$M)
Japan Industrial Hemp Market Outlook Share, 2022 & 2030 (US$M)
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