Latin America Hemp Seeds Market

Latin America Hemp Seeds Market Size, Growth, Trends and Forecast:

Latin America Hemp Seeds Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.

Hemp or generally called Industrial hemp is native to the northern hemisphere and it is a variety of the Cannabis sativa plant species which is specifically grown for the industrial uses of its products. It is one of the fastest growing plants and spun into usable fibre very quickly. It is industrially refined into textiles, paper, biodegradable plastics, clothing, biofuel, paint, food and animal feed. It contains a small amount of naturally occurring tetrahydrocannabinoids (THC) with unique phytochemical compositions and uses.

Hemp seed is the most nutritious seed in the world and it is a huge source of protein and minerals. It has the most concentrated balance of proteins, essential fats, vitamins and enzymes combined with a relative absence of sugar, starches and saturated fats. Hemp oil is used in body care products, cleaning products, health foods, textiles and plastics. In medical use, it is used in treatment of hormone problems, cancer, arthritis and joint pains, weight loss, digestive and heart disorders. Some countries have stringent regulations for the concentration of THC and permit only hemp that is bred with an especially low THC content.

Latin America Hemp Seeds Market Drivers:

Factors driving for the growth of Latin America Hemp Seeds Market are growing health awareness, many health advantages and benefits of hemp seeds, it is used to reduce toxic substances and heals immune deficiency diseases, rich source of vitamins and nutrients, increase in disposable income, rise in population, growth in textile and fibre industry, product innovations and technology advancements. However, lack of awareness, limited number of skilled professionals and stringent regulations for the product use are hampering the growth of the market.

Latin America Hemp Seeds Market Segmentation:

Latin America Hemp Seeds Market – By Form:

• whole hemp seed
• shelled hemp seed
• hemp seed protein
• hemp seed oil

Latin America Hemp Seeds Market – By Application:

• tea and hemp juice
• food containing hemp milk
• hemp fibre
• hemp sacks
• biofuel
• canvas
• paper
• ropes
• others

Latin America Hemp Seeds Market – By Distribution Channels:

• retailers
• online
• convenience stores
• others

In most of the countries, it was made illegal to grow without government permission because of its relation to marijuana.

Geographical Analysis:

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.

Key Players:

Key companies dominating in the Latin America Hemp Seeds Market are Navitas Naturals, Latin American Hemp and Grain co., Harvest Hemp Foods, Hemp Oil Canada, Green source organics, CHII Naturally Pure Hemp, Kenny delights, Manitoba and GFR Ingredients Inc.