India Industrial Hemp Market size was valued at USD 229.93 million in 2023 and is anticipated to reach USD 1,602.62 million by 2032, at a CAGR of 24.1% during the forecast period (2023-2032).
The India industrial hemp market is experiencing significant growth driven by increasing awareness of hemp’s versatile applications across industries such as textiles, pharmaceuticals, personal care, food and beverages, and construction. Government initiatives promoting sustainable agriculture and the gradual relaxation of regulations around hemp cultivation have further accelerated market expansion. Rising demand for eco-friendly and biodegradable alternatives has positioned hemp as a preferred raw material in green manufacturing. Additionally, advancements in processing technologies and growing investment in hemp-based startups are fostering innovation and market penetration. The health and wellness trend is also fueling demand for hemp-derived products rich in cannabinoids, particularly CBD, due to their therapeutic benefits. As consumer preferences shift toward natural and organic products, hemp is gaining traction as a sustainable solution. These combined drivers and trends are expected to continue propelling the India industrial hemp market at a robust pace over the coming years.
The geographical distribution of the industrial hemp industry in India is driven by favorable agro-climatic conditions, evolving state-level policies, and regional infrastructure. Northern states such as Uttarakhand and Himachal Pradesh lead in cultivation due to early regulatory adoption and supportive climates. Meanwhile, Western and Southern regions are emerging as key hubs for processing and consumption, supported by urban demand and innovation ecosystems. Eastern India, though nascent, shows potential for expansion with growing interest in natural fibers and sustainable farming. Key players driving market development include Hemp Republic, BOHECO (Bombay Hemp Company), Hempstrol, Health Horizons, Satliva, and Vedi, among others. These companies are involved in various segments ranging from organic cultivation and wellness products to textiles and sustainable construction materials. Their efforts in product innovation, public education, and advocacy for regulatory reform are critical in shaping the future of India’s industrial hemp market and expanding its national and global footprint.
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The India industrial hemp market was valued at USD 229.93 million in 2023 and is expected to reach USD 1,602.62 million by 2032, growing at a CAGR of 24.1% during 2023–2032.
The global industrial hemp market was valued at USD 7,987.24 million in 2023 and is expected to reach USD 46,774.80 million by 2032, growing at a CAGR of 21.7% from 2023 to 2032.
The market is expanding due to rising demand for hemp-based nutrition, wellness products, sustainable textiles, and eco-friendly construction materials.
Trends indicate growing consumer preference for organic, plant-based, and chemical-free products, driving innovation across food, personal care, and fashion sectors.
Competitive activity is increasing, with companies like BOHECO, Hemp Republic, and Health Horizons focusing on branding, product diversification, and online distribution.
Regulatory ambiguity under the NDPS Act and inconsistent state policies remain key restraints for scaling cultivation and processing.
Northern India leads in hemp cultivation due to early policy adoption, while Southern and Western regions are growing in processing and urban consumption.
The market shows high potential with increased investments, public awareness, and gradual policy support across various states.
Report Scope
This report segments the India Industrial Hemp Market as follows:
Market Drivers
Regulatory Support and Policy Initiatives
One of the primary drivers of the industrial hemp market in India is the evolving regulatory landscape and growing governmental support. For instance, a report by the Indian Industrial Hemp Association (IIHA) highlighted that states like Uttarakhand, Uttar Pradesh, and Madhya Pradesh have initiated pilot projects for licensed hemp cultivation under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. These projects, as noted by the Ministry of Agriculture, are setting precedents for other states to follow. Additionally, the Food Safety and Standards Authority of India (FSSAI) has standardized the sale of hemp seeds and related products, aligning with the government’s focus on promoting sustainable and organic farming methods. These regulatory shifts have encouraged both domestic and foreign investors to explore opportunities in the Indian hemp sector, establishing a foundation for long-term industry growth.
Rising Demand for Sustainable and Eco-Friendly Products
As environmental consciousness among Indian consumers and industries continues to rise, there is growing demand for sustainable, biodegradable, and renewable alternatives across multiple sectors. Industrial hemp, known for its low environmental footprint, offers significant benefits over conventional raw materials in terms of water efficiency, carbon sequestration, and soil regeneration. Hemp-based textiles, bioplastics, paper, and construction materials are gaining popularity due to their eco-friendly nature. In sectors such as fashion and packaging, where sustainability is becoming a core value, hemp provides an ideal solution. This shift toward green manufacturing and sustainable consumption is driving the adoption of hemp-based products, making sustainability a key market accelerator.
Expansion of Hemp-Based Wellness and Nutraceutical Products
The increasing awareness of the nutritional and therapeutic properties of hemp-derived products is fueling growth in India’s wellness and nutraceutical segments. Hemp seeds and oil, rich in omega-3 and omega-6 fatty acids, plant protein, and fiber, are becoming popular in health-conscious urban populations. Furthermore, cannabidiol (CBD), a non-psychoactive compound derived from hemp, is gaining recognition for its potential in managing anxiety, pain, and inflammation. While the Indian CBD market is still in its nascent stages due to regulatory caution, consumer demand is steadily growing. The expanding e-commerce ecosystem is also enabling better access to hemp-based health supplements, skincare products, and functional foods, reinforcing this growth trend.
Technological Advancements and Entrepreneurial Innovation
Technological innovation in hemp cultivation, processing, and product development is significantly enhancing the value chain of the Indian industrial hemp industry. For instance, a report by the Indian Agricultural Research Institute (IARI) emphasized the development of high-yield, low-THC hemp varieties through R&D initiatives. Improved processing techniques are allowing for better extraction, refinement, and commercialization of hemp fibers and cannabinoids. Additionally, increasing collaborations between farmers, agri-tech companies, and manufacturers are driving efficiency and scalability in the hemp ecosystem. These innovations, supported by venture capital and strategic partnerships, are contributing to a dynamic and forward-looking industrial hemp market in India.
Market Trends
Rising Demand for Hemp-Based Nutrition and Personal Care Products
The growing consumer awareness around plant-based and functional nutrition is significantly influencing the Indian industrial hemp market. For instance, a report by the Food Safety and Standards Authority of India (FSSAI) emphasized the nutritional benefits of hemp seeds and oil, which are increasingly being used in health supplements, protein powders, and energy bars. Additionally, the personal care industry is witnessing a surge in the use of hemp oil due to its anti-inflammatory and moisturizing properties. Products such as facial oils, creams, shampoos, and serums infused with hemp extract are gaining popularity, especially among consumers seeking organic, chemical-free skincare solutions. This trend reflects a broader shift toward clean-label products, offering long-term growth potential for hemp in both the health and beauty segments.
Expansion in Industrial Applications and Green Construction
Another significant trend is the increasing use of industrial hemp in eco-friendly construction and sustainable manufacturing. For instance, a report by the National Institute of Design (NID) highlighted the adoption of hempcrete as a sustainable alternative in green building projects, offering improved energy efficiency and durability. Of particular note is hempcrete, a bio-composite material made from the woody core of the hemp plant and lime, which is being adopted as a sustainable alternative in green building projects. With India experiencing rapid urbanization and a push for sustainable infrastructure, hemp-based materials offer a promising solution to environmental challenges in construction. The use of industrial hemp in non-woven fabrics and industrial textiles also continues to grow, fueled by demand from automotive and packaging industries looking to reduce their carbon footprint.
Technological Advancements and Product Innovation
The Indian industrial hemp sector is experiencing a wave of innovation driven by R&D and entrepreneurial ventures. From improving seed genetics to enhancing fiber processing and cannabinoid extraction technologies, advancements are creating new value-added products and expanding the range of applications. Startups are introducing hemp-infused beverages, vegan meat alternatives, hemp-based pet products, and innovative skincare solutions. Many of these companies are leveraging e-commerce and digital marketing to reach niche audiences, thereby accelerating product acceptance and brand visibility. Collaboration between academic institutions and private players is also fostering innovation in cultivation techniques and post-harvest processing, helping improve yield quality and product consistency.
Growing Regulatory Clarity and Investment Interest
Regulatory reform continues to be a key enabler of growth in India’s hemp industry. While historically constrained by the NDPS Act, recent policy developments at the state level have opened doors for commercial hemp cultivation, particularly for industrial and medicinal use. States such as Uttarakhand, Madhya Pradesh, and Uttar Pradesh have initiated structured licensing regimes, encouraging organized farming and industrial processing. This clearer regulatory pathway has attracted domestic and international investments, with venture capital firms and private equity players showing increasing interest in hemp-based startups. As India moves toward a more structured regulatory framework for hemp, the industry is likely to witness increased institutional participation and formalization, further reinforcing market expansion.
Market Challenges Analysis
Regulatory Ambiguities and Legal Restrictions
Despite recent progress, regulatory uncertainty remains a significant barrier to the growth of the industrial hemp market in India. The classification of hemp under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, due to its association with cannabis, continues to create confusion among farmers, businesses, and policymakers. For instance, Uttarakhand has developed a policy under Section 14 of the NDPS Act, 1985, allowing industrial cultivation of hemp with low THC content, setting a precedent for other states like Madhya Pradesh to follow. Many potential stakeholders hesitate to invest due to unclear legal frameworks and slow bureaucratic processes. Additionally, there is a limited understanding of hemp’s industrial potential among regulatory authorities, which further delays approvals for cultivation, processing, and product commercialization. These regulatory challenges not only restrict innovation but also prevent India from capitalizing on its agro-climatic advantages for large-scale hemp cultivation.
Limited Infrastructure and Market Awareness
India’s industrial hemp industry also grapples with a lack of adequate infrastructure, from cultivation support to processing and supply chain logistics. There are very few processing units equipped to handle hemp fiber decortication, oil extraction, or cannabinoid separation, making it difficult for producers to scale operations. The absence of specialized harvesting and post-harvest technologies increases production costs and reduces quality consistency. Moreover, there is a noticeable lack of awareness among farmers regarding optimal hemp cultivation practices, resulting in inconsistent yields and lower profitability. On the consumer side, knowledge gaps persist about the benefits of hemp-based products, especially in Tier II and Tier III cities. Misconceptions linking industrial hemp to narcotic use continue to fuel social stigma, limiting broader market acceptance. These infrastructural and educational gaps act as key deterrents to both supply-side and demand-side growth, requiring strategic intervention and industry collaboration to overcome.
Market Opportunities
The India industrial hemp market presents substantial growth opportunities driven by shifting consumer preferences, sustainability trends, and supportive agro-climatic conditions. As the demand for plant-based and eco-friendly alternatives continues to rise, industrial hemp offers a versatile raw material suitable for diverse sectors such as food and beverages, textiles, pharmaceuticals, construction, and personal care. Its nutritional value positions it favorably in the growing health and wellness segment, where hemp seeds, oil, and protein powders are gaining traction among health-conscious consumers. Simultaneously, the expansion of hemp-based skincare and cosmetic products aligns with the increasing demand for organic and chemical-free personal care solutions. These developments are supported by a burgeoning urban population seeking sustainable lifestyle products, offering strong market potential for brands that focus on ethical sourcing and green innovation.
India’s unique climatic zones offer ideal conditions for large-scale hemp cultivation, presenting opportunities for rural economic development and agri-entrepreneurship. The country can emerge as a key exporter of industrial hemp and hemp-derived products if infrastructure and policy frameworks are strengthened. The emergence of licensed cultivation in states like Uttarakhand and Madhya Pradesh sets the stage for more widespread adoption and encourages public-private partnerships. Additionally, advancements in hemp processing technologies and value-added manufacturing open up opportunities for startups and established firms alike to innovate across product categories. With increased investments, awareness campaigns, and regulatory clarity, India stands to unlock significant value in both domestic and international markets. The convergence of environmental, economic, and health-related trends positions industrial hemp as a strategic sector for sustainable growth in the coming decade.
Market Segmentation Analysis:
By Type:
The India industrial hemp market is segmented into hemp seed, hemp seed oil, hemp fiber, and others, with each segment serving distinct end-use industries. Among these, hemp seeds hold a prominent share due to their high nutritional value and increasing application in health supplements, protein powders, bakery products, and functional foods. Their rich content of essential fatty acids, plant-based protein, and minerals makes them appealing to health-conscious consumers. Hemp seed oil is witnessing rising demand in the personal care and cosmetic industries, driven by its anti-inflammatory and moisturizing properties, as well as growing popularity in cooking and therapeutic use. Hemp fiber serves as a key input in sustainable textiles, bioplastics, and eco-friendly construction materials like hempcrete. With rising concerns over environmental sustainability, demand for fiber-based applications is projected to grow significantly. The “others” category, including hemp stalks and extracts, is gaining traction in niche applications like animal bedding, paper, and cannabinoid products, reflecting a steady diversification in the industrial hemp value chain.
By Source:
Based on source, the industrial hemp market in India is categorized into organic and conventional hemp. Currently, conventional hemp dominates the market, largely due to its ease of cultivation, higher yields, and lower production costs. Farmers and processors often opt for conventional methods as they require fewer certifications and offer quicker market access. However, organic hemp is rapidly emerging as a high-value segment, particularly in premium food, personal care, and wellness products. The increasing consumer demand for chemical-free, sustainably grown ingredients is driving organic hemp’s appeal. As global buyers and Indian consumers become more conscious of ethical sourcing and environmental impact, the organic segment is expected to expand. Moreover, brands that focus on transparency and clean-label products are investing in organic hemp supply chains to cater to niche, health-conscious markets. With policy support and improved certification systems, organic cultivation could become a significant growth driver in India’s evolving hemp ecosystem. Both segments present unique opportunities, shaping a balanced and diverse market landscape.
Segments:
Based on Type:
Hemp Seed
Hemp Seed Oil
Hemp Fiber
Others
Based on Source:
Organic
Conventional
Based on Application:
Food & Beverages
Textile
Pharmaceuticals
Construction Material
Others
Based on the Geography:
Northern
Western
Southern
Eastern
Regional Analysis
Northern Region
The Northern region holds the largest share in the Indian industrial hemp market, accounting for approximately 38% of the total market. This dominance is primarily driven by the pioneering role of Uttarakhand, which became the first Indian state to legalize hemp cultivation for industrial use. The favorable agro-climatic conditions, combined with state government support and regulatory clarity, have facilitated the establishment of licensed cultivation and early-stage processing units. Other northern states such as Himachal Pradesh and Uttar Pradesh are also exploring pilot programs and research initiatives to encourage hemp farming. The presence of fertile land, cool climate, and progressive policies has attracted startups and agri-entrepreneurs to this region. Furthermore, the region benefits from proximity to major markets like Delhi NCR, aiding in product distribution and commercialization. As more stakeholders recognize hemp’s potential in nutrition, wellness, and textiles, the Northern region is expected to maintain its leadership in both production and innovation.
Western Region
The Western region accounts for approximately 27% of the industrial hemp market in India, with Rajasthan and Maharashtra emerging as key contributors. The region’s dry climate and ample sunlight create suitable conditions for large-scale hemp cultivation, especially in arid and semi-arid areas. While regulatory frameworks are still evolving in these states, private players are initiating collaborative projects to explore the viability of industrial hemp. Maharashtra’s strong infrastructure and connectivity, along with its growing health-conscious urban population in cities like Mumbai and Pune, support the expansion of hemp-based consumer products. Additionally, Rajasthan’s traditional textile and handicraft industries have shown early interest in exploring hemp fiber as a sustainable alternative. As regulatory clarity improves, the Western region is poised to become a major hub for processing and value-added production, particularly in textiles and nutraceuticals.
Southern Region
The Southern region holds around 20% of the Indian industrial hemp market, with growing interest in states like Karnataka, Tamil Nadu, and Telangana. These states benefit from well-established agricultural practices, progressive research institutions, and a high degree of awareness among consumers about plant-based and organic products. Though large-scale hemp cultivation is still limited due to regulatory restrictions, the region is witnessing increasing demand for hemp-derived wellness, skincare, and food products, especially in urban markets such as Bengaluru, Hyderabad, and Chennai. Southern India’s strong startup ecosystem and technological capabilities also support innovation in product formulation, particularly in hemp-infused beverages, personal care, and dietary supplements. As more policy reforms take shape and pilot cultivation programs expand, the Southern region is expected to emerge as a key consumer and processing market.
Eastern Region
The Eastern region contributes approximately 15% to the Indian industrial hemp market and represents an emerging opportunity zone. States like West Bengal, Odisha, and Bihar have rich agricultural potential but currently lack specific policies or frameworks to support industrial hemp cultivation. However, interest is growing due to the region’s favorable soil conditions and availability of a large rural workforce. Local governments and agricultural universities are beginning to explore hemp as a cash crop that can support rural income diversification and sustainable farming practices. The region also offers significant opportunities for hemp-based textiles, given West Bengal’s historic presence in the jute and natural fiber industries. Although the Eastern region currently holds the smallest market share, it possesses untapped potential that could be unlocked with targeted investments, policy support, and infrastructure development.
Key Player Analysis
Hemp Republic
Hemp Inc
Satliva
Health Horizons
Hempster
India Hemp & Co
Vedi
BOHECO (Bombay Hemp Company)
GreenJams
HempFlax Group BV
Hempstrol
Namrata HempCo
Competitive Analysis
The competitive landscape of the India industrial hemp market is evolving rapidly, driven by increasing demand for sustainable and plant-based products. Leading players such as BOHECO (Bombay Hemp Company), Hemp Republic, Hempstrol, Health Horizons, Satliva, Vedi, India Hemp & Co, Hempster, GreenJams, Namrata HempCo, and Hemp Inc are actively shaping the industry through innovation, brand development, and policy advocacy. These companies are engaged across various segments, including cultivation, food and nutrition, personal care, textiles, and industrial applications. Businesses are focusing on developing diverse product portfolios that span nutrition, personal care, textiles, and green construction materials. There is a strong emphasis on R&D, particularly in improving seed genetics, processing techniques, and formulating value-added products such as hemp protein powders, oils, cosmetics, and hempcrete. Many firms are adopting direct-to-consumer strategies via e-commerce platforms, targeting health-conscious urban populations seeking plant-based and organic alternatives. Brand positioning is often centered around sustainability, wellness, and ethical sourcing, which resonates well with younger demographics. Despite facing challenges related to regulatory ambiguity and limited cultivation infrastructure, market players are actively collaborating with research institutions, farmers, and state authorities to build a stable supply chain. Competitive advantage is increasingly being shaped by innovation, consumer education, and the ability to scale responsibly within evolving legal frameworks.
Recent Developments
In October 2024, Canopy Growth Corporation acquired Wana, which includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. With this acquisition, Canopy USA holds 100% of Wana’s equity interests. The acquisition will help the company to build a leading brand-focused cannabis company in the US.
In October 2024, AURORA CANNABIS INC. launched an expanded range of premium medical cannabis oils in Australia in partnership with MedReleaf Australia. Designed to meet diverse patient needs, the new offerings include Aurora THC 25 (Sativa), Aurora THC 25 (Indica), Aurora 12.5:12.5 oil, Aurora 50:50 oil, and Aurora 10:100 oil, all available in 30 ml bottles for physician prescription.
In June 2024, Curaleaf Holdings, Inc. launched new lines of hemp-derived THC products under its Select and Zero Proof brands. These products will be available across 25 states and the District of Columbia through direct-to-consumer delivery and Curaleaf’s national distribution network.
In May 2024, The Cronos Group partnered with GROW Pharma, a leading distributor of medicinal cannabis in the UK, to expand its PEACE NATURALS brand into the UK. Through this collaboration, Cronos will supply high-quality, premium cannabis products, ensuring patients in the UK have access to the globally recognized brand PEACE NATURALS.
In February 2024, RISE Dispensaries, the cannabis retail chain owned by Green Thumb Industries Inc., expanded its presence with the opening of its 15th retail location in Florida and 92nd nationwide. The new store will feature special promotions and complimentary merchandise for its first customers. It opens the company to a much larger reach of its products like chocolate, mints, gummies, and tarts made by its Incredibles brand.
In January 2023, HempMeds Brasil launched two new full-spectrum products. These new products were created to suit the new requirements of Brazilian doctors who intend to suggest it to their patients.
Market Concentration & Characteristics
The India industrial hemp market is characterized by moderate concentration and a fragmented competitive structure, with numerous emerging players operating across various segments. The market is still in its nascent stage, allowing space for startups and small enterprises to enter and innovate. While a few established companies have gained early traction through integrated value chains and brand recognition, a significant portion of the market remains regionally dispersed and unorganized. The industry is marked by product diversity, covering nutrition, wellness, textiles, and industrial applications, which fosters a competitive environment driven by specialization and niche marketing. Innovation, sustainability, and regulatory adaptability serve as key differentiators for companies. As regulatory frameworks continue to evolve at the state level, the market is expected to gradually consolidate, with larger firms potentially acquiring smaller players or forming strategic partnerships. The growing consumer demand and increasing investor interest are likely to shape a more structured and competitive industrial hemp ecosystem in the coming years.
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The research report offers an in-depth analysis based on Type,Source, Application and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
The Indian industrial hemp market is projected to grow significantly, driven by increasing applications across various industries.
Growing awareness of hemp’s environmental benefits is encouraging its use in sustainable textiles, bioplastics, and eco-friendly construction materials.
Regulatory reforms are anticipated to provide clearer guidelines for cultivation and processing, facilitating industry expansion.
Advancements in research and development are leading to innovative hemp-based products, enhancing market appeal.
The health and wellness sector is increasingly incorporating hemp-derived products, reflecting a shift towards natural and organic remedies.
Sustainable farming practices are being adopted to improve yield and quality, promoting environmental responsibility.
Increased investment and strategic partnerships are expected to strengthen supply chains and distribution networks.
Consumer education initiatives are raising awareness about the benefits and uses of hemp products, driving demand.
The expansion of e-commerce platforms is facilitating wider market reach and accessibility for hemp-based products.
Collaboration between industry stakeholders and policymakers is crucial for addressing challenges and unlocking the market’s full potential.
CHAPTER NO. 1 : INTRODUCTION 17
1.1.1. Report Description 17 Purpose of the Report 17 USP & Key Type 17
1.1.2. Key Benefits for Stakeholders 17
1.1.3. Target Audience 18
1.1.4. Report Scope 18 CHAPTER NO. 2 : EXECUTIVE SUMMARY 19
2.1. Industrial Hemp Market Snapshot 19
2.1.1. India Industrial Hemp Market, 2018 – 2032 (USD Million) 20 CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 21
3.1. Russia-Ukraine and Israel-Palestine War Impacts 21 CHAPTER NO. 4 : INDUSTRIAL HEMP MARKET – INDUSTRY ANALYSIS 22
4.1. Introduction 22
4.2. Market Drivers 23
4.2.1. Driving Factor 1 Analysis 23
4.2.2. Driving Factor 2 Analysis 24
4.3. Market Restraints 25
4.3.1. Restraining Factor Analysis 25
4.4. Market Opportunities 26
4.4.1. Market Opportunities Analysis 26
4.5. Porter’s Five Force analysis 27
4.6. Value Chain Analysis 28
4.7. Buying Criteria 29 CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 30
5.1. Company Market Share Analysis – 2023 30
5.1.1. India Industrial Hemp Market: Company Market Share, by Revenue, 2023 30
5.1.2. India Industrial Hemp Market: Top 6 Company Market Share, by Revenue, 2023 30
5.1.3. India Industrial Hemp Market: Top 3 Company Market Share, by Revenue, 2023 31
5.2. India Industrial Hemp Market Company Revenue Market Share, 2023 32
5.3. Company Assessment Metrics, 2023 34
5.3.1. Stars 34
5.3.2. Emerging Leaders 34
5.3.3. Pervasive Players 34
5.3.4. Participants 34
5.4. Start-ups /Code Assessment Metrics, 2023 34
5.4.1. Progressive Companies 34
5.4.2. Responsive Companies 34
5.4.3. Dynamic Companies 34
5.4.4. Starting Blocks 34
5.5. Strategic Developments 35
5.5.1. Acquisition & Mergers 35 New Product Launch 35 Regional Expansion 35
5.6. Key Players Product Matrix 36 CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 37
6.1. PESTEL 37
6.1.1. Political Factors 37
6.1.2. Economic Factors 37
6.1.3. Social Factors 37
6.1.4. Technological Factors 37
6.1.5. Environmental Factors 37
6.1.6. Legal Factors 37
6.2. Adjacent Market Analysis 37 CHAPTER NO. 7 : INDUSTRIAL HEMP MARKET – BY TYPE SEGMENT ANALYSIS 38
7.1. Industrial Hemp Market Overview, by Type Segment 38
7.1.1. Industrial Hemp Market Revenue Share, By Type, 2023 & 2032 39
7.1.2. Industrial Hemp Market Attractiveness Analysis, By Type 40
7.1.3. Incremental Revenue Growth Opportunities, by Type, 2024 – 2032 40
7.1.4. Industrial Hemp Market Revenue, By Type, 2018, 2023, 2027 & 2032 41
7.2. Hemp Seed 42
7.3. Hemp Seed Oil 43
7.4. Hemp Fiber 44
7.5. Others 45 CHAPTER NO. 8 : INDUSTRIAL HEMP MARKET – BY SOURCE SEGMENT ANALYSIS 46
8.1. Industrial Hemp Market Overview, by Source Segment 46
8.1.1. Industrial Hemp Market Revenue Share, By Source, 2023 & 2032 47
8.1.2. Industrial Hemp Market Attractiveness Analysis, By Source 48
8.1.3. Incremental Revenue Growth Opportunities, by Source, 2024 – 2032 48
8.1.4. Industrial Hemp Market Revenue, By Source, 2018, 2023, 2027 & 2032 49
8.2. Organic 50
8.3. Conventional 51 CHAPTER NO. 9 : INDUSTRIAL HEMP MARKET – BY APPLICATION SEGMENT ANALYSIS 52
9.1. Industrial Hemp Market Overview, by Application Segment 52
9.1.1. Industrial Hemp Market Revenue Share, By Application, 2023 & 2032 53
9.1.2. Industrial Hemp Market Attractiveness Analysis, By Application 54
9.1.3. Incremental Revenue Growth Opportunities, by Application, 2024 – 2032 54
9.1.4. Industrial Hemp Market Revenue, By Application, 2018, 2023, 2027 & 2032 55
9.2. Food & Beverages 56
9.3. Textile 57
9.4. Pharmaceuticals 58
9.5. Pharmaceuticals 59
9.6. Construction Material 60
9.7. Others 61 CHAPTER NO. 10 : INDUSTRIAL HEMP MARKET – INDIA 62
10.1. India 62
10.1.1. Key Highlights 62
10.2. Type 63
10.3. India Industrial Hemp Market Revenue, By Type, 2018 – 2023 (USD Million) 63
10.4. India Industrial Hemp Market Revenue, By Type, 2024 – 2032 (USD Million) 63
10.5. Source 64
10.6. India Industrial Hemp Market Revenue, By Source, 2018 – 2023 (USD Million) 64
10.6.1. India Industrial Hemp Market Revenue, By Source, 2024 – 2032 (USD Million) 64
10.7. Application 65
10.8. India Industrial Hemp Market Revenue, By Application, 2018 – 2023 (USD Million) 65
10.8.1. India Industrial Hemp Market Revenue, By Application, 2024 – 2032 (USD Million) 65 CHAPTER NO. 11 : COMPANY PROFILES 66
11.1. Hemp Republic 66
11.1.1. Company Overview 66
11.1.2. Product Portfolio 66
11.1.3. Swot Analysis 66
11.1.4. Business Strategy 67
11.1.5. Financial Overview 67
11.2. Hemp Inc 68
11.3. Satliva 68
11.4. Health Horizons 68
11.5. Hempster 68
11.6. India Hemp & Co 68
11.7. Vedi 68
11.8. BOHECO 68
11.9. GreenJams 68
11.10. HempFlax Group BV 68
11.11. Hempstrol 68
11.12. Namrata HempCo 68
11.13. Company 13 68
11.14. Company 14 68
11.15. Others 68
List of Figures
FIG NO. 1. India Industrial Hemp Market Revenue, 2018 – 2032 (USD Million) 20
FIG NO. 2. Porter’s Five Forces Analysis for India Industrial Hemp Market 27
FIG NO. 3. Value Chain Analysis for India Industrial Hemp Market 28
FIG NO. 4. Company Share Analysis, 2023 30
FIG NO. 5. Company Share Analysis, 2023 30
FIG NO. 6. Company Share Analysis, 2023 31
FIG NO. 7. Industrial Hemp Market – Company Revenue Market Share, 2023 32
FIG NO. 8. Industrial Hemp Market Revenue Share, By Type, 2023 & 2032 39
FIG NO. 9. Market Attractiveness Analysis, By Type 40
FIG NO. 10. Incremental Revenue Growth Opportunities by Type, 2024 – 2032 40
FIG NO. 11. Industrial Hemp Market Revenue, By Type, 2018, 2023, 2027 & 2032 41
FIG NO. 12. India Industrial Hemp Market for Hemp Seed, Revenue (USD Million) 2018 – 2032 42
FIG NO. 13. India Industrial Hemp Market for Hemp Seed Oil, Revenue (USD Million) 2018 – 2032 43
FIG NO. 14. India Industrial Hemp Market for Hemp Fiber, Revenue (USD Million) 2018 – 2032 44
FIG NO. 15. India Industrial Hemp Market for Others, Revenue (USD Million) 2018 – 2032 45
FIG NO. 16. Industrial Hemp Market Revenue Share, By Source, 2023 & 2032 47
FIG NO. 17. Market Attractiveness Analysis, By Source 48
FIG NO. 18. Incremental Revenue Growth Opportunities by Source, 2024 – 2032 48
FIG NO. 19. Industrial Hemp Market Revenue, By Source, 2018, 2023, 2027 & 2032 49
FIG NO. 20. India Industrial Hemp Market for Organic, Revenue (USD Million) 2018 – 2032 50
FIG NO. 21. India Industrial Hemp Market for Conventional, Revenue (USD Million) 2018 – 2032 51
FIG NO. 22. Industrial Hemp Market Revenue Share, By Application, 2023 & 2032 53
FIG NO. 23. Market Attractiveness Analysis, By Application 54
FIG NO. 24. Incremental Revenue Growth Opportunities by Application, 2024 – 2032 54
FIG NO. 25. Industrial Hemp Market Revenue, By Application, 2018, 2023, 2027 & 2032 55
FIG NO. 26. India Industrial Hemp Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 56
FIG NO. 27. India Industrial Hemp Market for Textile, Revenue (USD Million) 2018 – 2032 57
FIG NO. 28. India Industrial Hemp Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 58
FIG NO. 29. India Industrial Hemp Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 59
FIG NO. 30. India Industrial Hemp Market for Construction Material, Revenue (USD Million) 2018 – 2032 60
FIG NO. 31. India Industrial Hemp Market for Others, Revenue (USD Million) 2018 – 2032 61
FIG NO. 32. India Industrial Hemp Market Revenue, 2018 – 2032 (USD Million) 62
List of Tables
TABLE NO. 1. : India Industrial Hemp Market: Snapshot 19
TABLE NO. 2. : Drivers for the Industrial Hemp Market: Impact Analysis 23
TABLE NO. 3. : Restraints for the Industrial Hemp Market: Impact Analysis 25
TABLE NO. 4. : India Industrial Hemp Market Revenue, By Type, 2018 – 2023 (USD Million) 63
TABLE NO. 5. : India Industrial Hemp Market Revenue, By Type, 2024 – 2032 (USD Million) 63
TABLE NO. 6. : India Industrial Hemp Market Revenue, By Source, 2018 – 2023 (USD Million) 64
TABLE NO. 7. : India Industrial Hemp Market Revenue, By Source, 2024 – 2032 (USD Million) 64
TABLE NO. 8. : India Industrial Hemp Market Revenue, By Application, 2018 – 2023 (USD Million) 65
TABLE NO. 9. : India Industrial Hemp Market Revenue, By Application, 2024 – 2032 (USD Million) 65
Frequently Asked Questions:
What is the market size of the global yeast extract market in 2023 and 2032?
The global yeast extract market is projected to reach USD 2,184.00 million in 2024 and is expected to grow to USD 3,751.16 million by 2032, with a CAGR of 7.00% from 2025 to 2032.
What are the key drivers of growth in the yeast extract market?
The main drivers include the increasing demand for natural flavor enhancers, plant-based protein alternatives, clean-label products, and functional foods, as well as growing consumer awareness of health benefits.
Which regions are driving growth in the yeast extract market?
North America, Europe, and Asia-Pacific are the key regions driving growth, with Europe holding a significant share and Asia-Pacific expected to experience the highest growth rate due to urbanization and the rise in plant-based diets.
How is yeast extract used in the pharmaceutical industry?
Yeast extract is used in the pharmaceutical industry for its bioactive compounds, such as beta-glucans, which have immune-boosting properties and are incorporated into health supplements, probiotics, and functional medicines.
Who are the key players in the yeast extract market?
Key players in the yeast extract market include DSM, Lesaffre, Kerry Group, and Angel Yeast, which are focused on expanding their product portfolios and forming strategic partnerships to maintain a competitive edge.
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