Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Hemp oil is pressed and extracted from the plant seeds. Cold pressed, unrefined hemp oil is dark to clear light green in color. Hemp oil is a great source of high-quality nutrients and has a long history of use with multi-purpose natural remedy. Furthermore, premium hemp oil is commonly used for assisting with pain, stress, sleep, anxiety and more. Likewise, it consist of essential fatty acids, including docosahexaenoic acid (DHA), that are required for brain development. Further, studies have indicated that hemp seed oil can significantly decrease skin dryness to alleviate irritation and itching. Moreover, the antioxidant and anti-inflammatory properties may protect against the aging process while soothing the skin, all these properties are gaining momentum of hemp oil in the scientific community and media. Additionally, high prevalence and incidence rates of chronic diseases such as cancer and diabetes, increased focus on decreasing stress & depression among the young generation, the usage of hemp oil is expected to increase in near future.
The factors such as medicinal benefits derived from the hemp oil, growing demand for hemp-based food products and consumer preference towards natural remedies are driving the global hemp oil market. Whereas, the major factors hampering the hemp oil market are low investment in hemp oil industry, strict government regulations and relatively less popular to its health benefits.
The hemp oil market is segmented by product, application, distribution channel and geography.
Based on product, the hemp oil market is divided into hemp based oil and marijuana based oil. The hemp based oil is estimated to have the largest market share in the hemp oil market, owing to its significant health benefits such as preventing cancer, diabetes and inflammation. Furthermore, hemp based oil is a rich source of gamma-linolic acid (GLA), an omega 6 fatty acid which is useful in helping the body balance hormones. For women, supplementing with GLA can help ease premenstrual syndrome.
Various application were studied in the report such as pharma & nutraceuticals, personal care products, industrial uses and food & beverages. Hemp has gained traction in human food products as a nutrient-dense. In grocery stores, hemp food products such as hemp seeds, hemp seed oil, hemp milk, hemp tea and even hemp infusion drinks are observed. Along with hemp’s unique nutty taste, it brings together the nutritional and medical benefits to variety of different consumer products. Furthermore, owing to its various health benefits, the hemp oil has been extensively used in pharma & nutraceuticals.
The hemp oil market report is studied across the key countries of North America, Europe, Asia Pacific and Rest of the World. The North America region dominated the hemp oil market, owing to the advancement in treatment procedure and growing incidence of chronic diseases and neurological pain among the population in the U.S. Whereas, Asia Pacific is anticipated to witness the fastest growth rate during the forecast period.
Various key companies are involved in the global hemp oil market such as Aurora Cannabis, Inc., Cannoid, LLC, CV Science, Inc, Elixinol, Isodiol International Inc., HempLife Today, Medical Marijuna, Inc., PharmaHemp d.o.o., Hempco, ENDOCA B.V., Folium Biosciences LLC, Bluebird Botanicals and Hemp Oil Canada, Inc. Frequent mergers and acquisitions, joint ventures and partnerships, product innovation, and geographical expansions are among the key strategies adopted by these players, to ensure long-term sustenance in the market.
The hemp oil market is segmented by product, application, distribution channel and geography. Based on product, the hemp oil market is divided into hemp based oil and marijuana based oil. The hemp based oil is estimated to have the largest market share in the hemp oil market, owing to its significant health benefits such as preventing cancer, diabetes and inflammation.
Various application were studied in the report such as pharma & nutraceuticals, personal care products, industrial uses and food & beverages. Hemp has gained traction in human food products as a nutrient-dense. In grocery stores, hemp food products such as hemp seeds, hemp seed oil, hemp milk, hemp tea and even hemp infusion drinks are observed. Along with hemp’s unique nutty taste, it brings together the nutritional and medical benefits to variety of different consumer products. Furthermore, owing to its various health benefits, the hemp oil has been extensively used in pharma & nutraceuticals.
The hemp oil market report is studied across the key countries of North America, Europe, Asia Pacific and Rest of the World. The North America region dominated the hemp oil market, owing to the advancement in treatment procedure and growing incidence of chronic diseases and neurological pain among the population in the U.S. Whereas, Asia Pacific is anticipated to witness the fastest growth rate during the forecast period.
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