Base Year: 2020
Forecast Year: 2021-2026
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Industry Definition and Application:
Hemp refers to brown-colored small seeds of the Cannabis Sativa plant. Some of the widely available product variants are hemp seeds, CBD hemp oil, hemp seed oil, and hemp fiber. They are rich in minerals, protein, fibers, and healthy fats that offer several health benefits, such as boosting immunity, treating inflammation, enhancing metabolism, reducing chronic pain, etc. As a result, hemp finds widespread applications across the cosmetics, pharmaceuticals, and food and beverages industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends and Drivers:
In Colombia, the growing focus on the legalization of cannabis-based products is currently driving the market growth. Furthermore, the rising consumer health consciousness and increasing awareness about several nutritional benefits of hemp seeds are also augmenting the demand for hemp-based products. Additionally, the growing prevalence of cancer has induced the consumption of hemp oil and hemp gummies to relieve chemotherapy-induced fatigue, nausea, chronic pain, etc. Moreover, the changing consumer preferences from high-calorie food items to a protein-rich diet are further catalyzing the demand for hemp seeds. Besides this, the emergence of vegan food trends is also bolstering the demand for hemp-based meat and hemp milk, which is expected to strengthen the market for hemp seeds in Colombia over the forecasted period.
Browse full report with TOC:
The report has segmented the market on the basis on region,
· Hemp Seed
· Hemp Seed Oil
· CBD Hemp Oil
· Above 65
o Snacks and Cereals
o Soup, sauces, and seasonings
o Dairy and frozen desserts
o Hot Beverages
o Sports and Energy Drinks
· Personal Care Product
· Construction & Materials
· Andean Region
· Caribbean Region
· Pacific Region
· Orinoquia Region
· Amazon Region
Who are the Major Key players?
The report provides a detailed analysis of leaders, including.
Avicanna Inc, Cannabco Pharmaceutical Corp Colombia S A S, CBDINC Group, CBD Seed Co (Hemp Depot), Clever Leaves, Colombian Hemp Company, Khiron Life Sciences Corp., One World Pharma Inc., Pharmacielo Ltd and Sky Hemp Organic.
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