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Pulished Date January, 2021
ID: 10789
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Asia Pacific Industrial Hemp Market Research Report - Segmented By Type, Application and Country (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Forecast (2021 to 2026)

Pulished: January, 2021
ID: 10789
Pages: 100

APAC Industrial Hemp Market Size (2021 to 2026)

The Asia Pacific industrial hemp market size is estimated to be growing at a moderate CAGR between 2021 to 2026.

Increasing utilization of hemp products in the medical sector is a key factor propelling the growth rate of the market to the extent. Also, growing support from the government in this region is greatly influencing the demand of the market. It is a good replacement for the plastics where the hemp is non-toxic and bio-degradable. This attribute is quietly driving the demand of the market. The textiles industries have varied hemp applications, which is solely to fuel the growth rate of the market. In many countries, hemp crop cultivation is legalized due to its major benefits in industries like pharmaceuticals, personal care, food, and beverages. Legalizing the cultivation is one factor for the growing demand of the industrial hemp market in the Asia Pacific. Rising occurrences of cancer, epilepsy, and other diseases where hemp usage has shown effective results are leveraging the growth rate of this market. Government initiatives in creating awareness over the use of hemp in medicine are elevating the market's demand tremendously.

However, farmers have less knowledge over the benefits of hemp in industries where this is slowly hampering the growth rate of the market. In a few countries, the cultivation of hemp is not legal, which is impeding the demand of the industrial hemp market. Also, high complex regulatory structure by the government is limiting the demand of the market in the Asia Pacific. Fluctuations in the availability of raw materials due to production are to hinder the growth rate. Risk factors associated with the long-term use of hemp in the treatment of various diseases is also to decline the demand of the market.

COVID-19 impact on the APAC industrial hemp market:

COVID 19 has disrupted the shares of the key players. Due to lockdown and other restrictions during the first half of 2020, there is a break in the supply chain and manufacturing of the products. This has slow down the growth rate of the market. However, the use of hemp in the development of vaccines for COVID 19 has raised market demand. Some studies stated that cannabis oil has a positive effect on treating patients with coronavirus. This propelled the demand of the market to the extent of this pandemic. With the unlock guidelines across the region, all the activities are resumed, and the shares of the market are slowly falling into the previous state.

This research report on the Asia Pacific industrial hemp market has been segmented & sub-segmented into the following categories:

By Type:

  • Hemp seed
  • Hemp seed oil
  • CBD hemp oil
  • Hemp fiber

By Application:

  • Food
    • Snacks & cereals
    • Soup, sauces, and seasonings
    • Bakery
    • Dairy & frozen desserts
    • Others (cold cereals, pasta, chocolate spreads, and pet food)
  • Beverages
    • Hot beverages
    • Sports & energy drinks
    • Ready to drink
    • Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
  • Personal care products
  • Textiles
  • Pharmaceuticals
  • Others (paper, automobiles, construction & materials, furniture, and pet food)

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The Asia Pacific market is growing at a faster rate for the past few years and is estimated to hit the highest CAGR in the near future. Growing prevalence for skincare products and raising funds from private organizations are likely to fuel the growth rate of the market. The hemp seed oil adds taste to the vegan diet, which is ascribed to bolster the demand of the industrial hemp market.

China is held a market size of USD 1.7 billion in 2017 and 20% of total production. The government is allowing to sell the hemp-based products through eCommerce sites with necessary legal approvals. In India, the demand for the industrial hemp market is growing at a faster rate. Indian Narcotics Drugs and Psychotropic Substances (NDPS) Act of 1985 has issued powers for the state governments to give license to cultivate the hemp crop for medical purposes. Increasing awareness over the use of industrial hemp in different industries is surging the growth rate of the market in the Asia Pacific.

Companies playing a notable role in the Asia Pacific Industrial Hemp market are Hempco, Ecofibre, Hemp Inc., Gencanna, Hempflax BV, Konoplex Group, Hemp Oil Canada, BAFA, Hemp Poland, Dun Agro, Colorado Hemp Works, and Canah International.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Type
      1. Hemp seed
      2. Hemp seed oil
      3. CBD hemp oil
      4. Hemp fiber
      5. Y-o-Y Growth Analysis, By Type
      6. Market Attractiveness Analysis, By Type
      7. Market Share Analysis, By Type
    2. By Application
      1. Food
        1. Snacks & cereals
        2. Soup, sauces, and seasonings
        3. Bakery
        4. Dairy & frozen desserts
        5. Others (cold cereals, pasta, chocolate spreads, and pet food)
      2. Beverages
        1. Hot beverages
        2. Sports & energy drinks
        3. Ready to drink
        4. Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
        5. Personal care products
        6. Textiles
        7. Pharmaceuticals
        8. Others (paper, automobiles, construction & materials, furniture, and pet food)
      3. Y-o-Y Growth Analysis, By Application
      4. Market Attractiveness Analysis, By Application
      5. Market Share Analysis, By Application
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends       
      2. Impact Analysis        
      3. Y-o-Y Growth Analysis            
        1. By Geographical Area
        2. By Type
        3. By End User
      4. Market Attractiveness Analysis          
        1. By Geographical Area
        2. By Type
        3. By End User
      5.          Market Share Analysis   
        1. By Geographical Area
        2. By Type
        3. By End User
    2. Asia Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. Australia
      6. New Zealand
      7. South Korea
      8. Rest of Asia Pacific
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Hempco
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Ecofibre
    3. Hemp Inc.
    4. Gencanna
    5. Hempflax BV
    6. Konoplex Group
    7. Hemp Oil Canada
    8. BAFA
    9. Hemp Poland
    10. Dun Agro
    11. Colorado Hemp Works
    12. Canah International
    13. South Hemp Tecno
    14. Plains Industrial Hemp Processing
    15. MH Medical Hemp
  9. Competitive Landscape
    1. Merger and Acquisition Analysis
    2. Agreements, Collaborations and Joint Ventures
    3. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped.
  • The segment-level analysis in terms of type and application along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Asia Pacific Industrial Hemp Market, By Type, From 2021 to 2026 (USD Million)
  2. Asia Pacific Hemp seed Market, By Region, From 2021 to 2026 (USD Million)
  3. Asia Pacific Hemp seed oil Market, By Region, From 2021 to 2026 (USD Million)
  4. Asia Pacific CBD hemp oil Market, By Region, From 2021 to 2026 (USD Million)
  5. Asia Pacific Hemp fiber Market, By Region, From 2021 to 2026 (USD Million)
  6. Asia Pacific Industrial Hemp Market, By Application, From 2021 to 2026 (USD Million)
  7. Asia Pacific Food Market, By Region, From 2021 to 2026 (USD Million)
  8. Asia Pacific Beverages Market, By Region, From 2021 to 2026 (USD Million)
  9. Asia Pacific Personal care products Market, By Region, From 2021 to 2026 (USD Million)
  10. Asia Pacific Textiles Market, By Region, From 2021 to 2026 (USD Million)
  11. Asia Pacific Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Million)
  12. Asia Pacific Others (paper, automobiles, construction & materials, furniture, and pet food) Market, By Region, From 2021 to 2026 (USD Million)
  13. Japan Industrial Hemp Market, By Type, From 2021 to 2026 (USD Million)
  14. Japan Industrial Hemp Market, By Application, From 2021 to 2026 (USD Million)
  15. China Industrial Hemp Market, By Type, From 2021 to 2026 (USD Million)
  16. China Industrial Hemp Market, By Application, From 2021 to 2026 (USD Million)
  17. India Industrial Hemp Market, By Type, From 2021 to 2026 (USD Million)
  18. India Industrial Hemp Market, By Application, From 2021 to 2026 (USD Million)
  19. Australia Industrial Hemp Market, By Type, From 2021 to 2026 (USD Million)
  20. Australia Industrial Hemp Market, By Application, From 2021 to 2026 (USD Million)
  21. South Korea Industrial Hemp Market, By Type, From 2021 to 2026 (USD Million)
  22. South Korea Industrial Hemp Market, By Application, From 2021 to 2026 (USD Million)

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