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Organic Hemp Market Share

Report ID: GMI5325
Published Date: Sep 2024
Report Format: PDF

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Organic Hemp Market Share

The organic hemp industry is experiencing a surge in demand, driven largely by concerted efforts from companies to capitalize on its growing popularity. Businesses are increasingly investing in the development of organic hemp products, ranging from textiles to wellness supplements, to meet consumer preferences for sustainable and natural goods. These companies are also prioritizing eco-friendly farming practices and transparency in their supply chains, further enhancing the appeal of organic hemp. As awareness of the environmental and health benefits of organic hemp continues to grow, the market demand is set to rise, bolstered by these strategic company efforts.

Organic Hemp Market Companies

Top companies operating in the organic hemp industry include:

The Tonik
Bioriginal Food & Science Corp.
Organicway Inc.
Connoils LLC
Manitoba Harvest Hemp Foods
Linwoods
Qemp Zero Peppermint
Pocono Organics
Lotus Organics+
Kemin Industries

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of organic hemp reached USD 146 million in 2023 and is set to expand at over 13.4% CAGR from 2024 to 2032, led by a rising demand for organic and sustainable products, particularly in the health & wellness sector.

The hemp fiber segment is poised to exhibit over 13% CAGR through 2032, owing to its increasing use in the textile industry due to its strength, durability, and eco-friendly nature.

Asia Pacific market will be valued at USD 129 million by 2032, driven by the expanding cultivation of hemp in countries like China and India, where favorable climatic conditions and government support are encouraging the production of organic hemp.

Kemin Industries, Organicway Inc., Linwoods, Manitoba Harvest Hemp Foods, Connoils LLC, Bioriginal Food & Science Corp., The Tonik, Lotus Organics+, Pocono Organics, and Qemp Zero Peppermint.