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Press Release:

Colombia Hemp Market to Grow at 20.1% during 2022-2027, Impelled by Rising Product Utilization in Formulation of Medicines

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Colombia Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Colombia hemp market is expected to exhibit a CAGR of 20.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Hemp stands for brown-colored oilseeds that are derived from the Cannabis Sativa plant. Some of the widely available product variants are hemp seeds, CBD hemp oil, hemp seed oil and hemp fiber. These products contain a high amount of nutrients, including omega 3 and 6 fatty acids, vitamin E, potassium, magnesium, sodium, etc. These nutrients offer numerous health benefits in boosting immunity, mitigating inflammation, treating dermatological ailments, improving metabolism, etc. Additionally, the Tetrahydrocannabinol (THC) content present in hemp-based products helps in reducing stress, anxiety, depression, fatigue, and insomnia. As a result, hemp is widely used across diverse industries, such as food & beverages, pharmaceutical, construction, textiles, personal care, etc.

Colombia Hemp Market Trends:

In Colombia, the growing focus on the legalization of cannabis-based products is currently driving the market growth. The increasing awareness towards the medicinal benefits of hemp seeds, hemp oil, and hemp gummies in treating numerous psychological disorders, such as clinical depression, anxiety, bipolar disease, ADHD, etc., is also propelling the product demand. Moreover, the rising adoption of hemp-based products during cancer treatment to reduce the adverse impact of chemotherapy, such as nausea, chronic pain, insomnia, etc., is further augmenting the market in Colombia. Apart from this, numerous ready-to-eat and processed food items, such as hemp-based cereals, bars, smoothies, yogurt, etc., have gained prominence among the millennial and urbanized population of the country. This, in confluence with the increasing consumer inclination towards a protein-rich diet, including hemp-based food and beverages, is also catalyzing the market growth in Colombia. Furthermore, the rising popularity of vegan food trends is further bolstering the demand for hemp-based meat and hemp milk. In the coming years, the growing utilization of hemp in manufacturing naturally-sourced personal grooming products and cosmetics, such as moisturizers, body lotions, skin tightening creams, gels, etc., will continue to drive the market growth in Colombia.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Colombia hemp market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, source, consumer age group and application.

Breakup by Type:

  • Hemp Seed
  • Hemp Seed Oil
  • CBD Hemp Oil
  • Others
     

Breakup by Source:

  • Conventional
  • Organic
     

Breakup by Consumer Age Group:

  • 18-24
  • 25-34
  • 35-44
  • 45-54
  • 55-64
  • Above 65
     

Breakup by Application:

  • Food
    • Snacks and Cereals
    • Soups, Sauces and Seasonings
    • Bakery
    • Dairy and Frozen Desserts
    • Others
  • Beverages
    • Hot Beverages
    • Sports and Energy Drinks
    • Ready to Drink
    • Others
  • Personal Care Product
  • Textiles
  • Pharmaceuticals
  • Construction & Materials
  • Others
     

Breakup by Region:

  • Andean Region
  • Caribbean Region
  • Pacific Region
  • Orinoquía Region
  • Amazon Region
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Source, Consumer Age Group, Application, Region
Region Covered  Andean Region, Caribbean Region, Pacific Region, Orinoquía Region, Amazon Region
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Colombia hemp market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Colombia hemp market?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the consumer age group?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the region?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Colombia hemp market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Colombia Hemp Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Hemp Seed
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hemp Seed Oil
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    CBD Hemp Oil
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Source
    7.1    Conventional
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Organic
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Consumer Age Group
    8.1    18-24
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    25-34
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    35-44
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    45-54
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    55-64
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Above 65
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Application
    9.1    Food
        9.1.1 Market Trends
        9.1.2 Market Breakup by Type
           9.1.2.1 Snacks and Cereals
              9.1.2.1.1 Market Trends
              9.1.2.1.2 Market Forecast
           9.1.2.2 Soups, Sauces and Seasonings
              9.1.2.2.1 Market Trends
              9.1.2.2.2 Market Forecast
           9.1.2.3 Bakery
              9.1.2.3.1 Market Trends
              9.1.2.3.2 Market Forecast
           9.1.2.4 Dairy and Frozen Desserts
              9.1.2.4.1 Market Trends
              9.1.2.4.2 Market Forecast
           9.1.2.5 Others
              9.1.2.5.1 Market Trends
              9.1.2.5.2 Market Forecast
        9.1.3 Market Forecast
    9.2    Beverages
        9.2.1 Market Trends
        9.2.2 Market Breakup by Type
           9.2.2.1 Hot Beverages
              9.2.2.1.1 Market Trends
              9.2.2.1.2 Market Forecast
           9.2.2.2 Sports and Energy Drinks
              9.2.2.2.1 Market Trends
              9.2.2.2.2 Market Forecast
           9.2.2.3 Ready to Drink
              9.2.2.3.1 Market Trends
              9.2.2.3.2 Market Forecast
           9.2.2.4 Others
              9.2.2.4.1 Market Trends
              9.2.2.4.2 Market Forecast
        9.2.3 Market Forecast
    9.3    Personal Care Product
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Textiles
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Pharmaceuticals
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Construction & Materials
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10  Market Breakup by Region
    10.1    Andean Region
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Caribbean Region
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Pacific Region
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Orinoquía Region
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Amazon Region
        10.5.1 Market Trends
        10.5.2 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Avicanna Inc
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
        15.3.2    Cannabco Pharmaceutical Corp Colombia S A S
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    CBDINC Group
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    CBD Seed Co (Hemp Depot)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Clever Leaves
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Colombian Hemp Company
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Khiron Life Sciences Corp.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
        15.3.8    One World Pharma Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials
        15.3.9    Pharmacielo Ltd
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials 
        15.3.10    Sky Hemp Organic
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Colombia: Hemp Market: Major Drivers and Challenges
Figure 2: Colombia: Hemp Market: Sales Value (in Million US$), 2016-2021
Figure 3: Colombia: Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Colombia: Hemp Market: Breakup by Type (in %), 2021
Figure 5: Colombia: Hemp Market: Breakup by Source (in %), 2021
Figure 6: Colombia: Hemp Market: Breakup by Consumer Age Group (in %), 2021
Figure 7: Colombia: Hemp Market: Breakup by Application (in %), 2021
Figure 8: Colombia: Hemp Market: Breakup by Region (in %), 2021
Figure 9: Colombia: Hemp (Hemp Seed) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 10: Colombia: Hemp (Hemp Seed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Colombia: Hemp (Hemp Seed Oil) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 12: Colombia: Hemp (Hemp Seed Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Colombia: Hemp (CBD Hemp Oil) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 14: Colombia: Hemp (CBD Hemp Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Colombia: Hemp (Other Types) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 16: Colombia: Hemp (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Colombia: Hemp (Conventional) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 18: Colombia: Hemp (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Colombia: Hemp (Organic) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 20: Colombia: Hemp (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Colombia: Hemp (18-24) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 22: Colombia: Hemp (18-24) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Colombia: Hemp (25-34) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 24: Colombia: Hemp (25-34) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Colombia: Hemp (35-44) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 26: Colombia: Hemp (35-44) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Colombia: Hemp (45-54) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 28: Colombia: Hemp (45-54) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Colombia: Hemp (55-64) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 30: Colombia: Hemp (55-64) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Colombia: Hemp (Above 65) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 32: Colombia: Hemp (Above 65) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Colombia: Hemp (Food) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 34: Colombia: Hemp (Food) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Colombia: Hemp (Snacks and Cereals) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 36: Colombia: Hemp (Snacks and Cereals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Colombia: Hemp (Soups, Sauces and Seasonings) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 38: Colombia: Hemp (Soups, Sauces and Seasonings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Colombia: Hemp (Bakery) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 40: Colombia: Hemp (Bakery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Colombia: Hemp (Dairy and Frozen Desserts) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 42: Colombia: Hemp (Dairy and Frozen Desserts) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Colombia: Hemp (Other Food Types) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 44: Colombia: Hemp (Other Food Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Colombia: Hemp (Beverages) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 46: Colombia: Hemp (Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Colombia: Hemp (Hot Beverages) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 48: Colombia: Hemp (Hot Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Colombia: Hemp (Sports and Energy Drinks) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 50: Colombia: Hemp (Sports and Energy Drinks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Colombia: Hemp (Ready to Drink) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 52: Colombia: Hemp (Ready to Drink) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Colombia: Hemp (Other Beverage Types) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 54: Colombia: Hemp (Other Beverage Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Colombia: Hemp (Personal Care Product) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 56: Colombia: Hemp (Personal Care Product) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Colombia: Hemp (Textiles) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 58: Colombia: Hemp (Textiles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Colombia: Hemp (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 60: Colombia: Hemp (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Colombia: Hemp (Construction & Materials) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 62: Colombia: Hemp (Construction & Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Colombia: Hemp (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021 
Figure 64: Colombia: Hemp (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Andean Region: Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Andean Region: Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Caribbean Region: Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Caribbean Region: Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Pacific Region: Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Pacific Region: Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Orinoquía Region: Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Orinoquía Region: Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Amazon Region: Hemp Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Amazon Region: Hemp Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Colombia: Hemp Industry: SWOT Analysis
Figure 76: Colombia: Hemp Industry: Value Chain Analysis
Figure 77: Colombia: Hemp Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Colombia: Hemp Market: Key Industry Highlights, 2021 and 2027
Table 2: Colombia: Hemp Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Colombia: Hemp Market Forecast: Breakup by Consumer Age Group (in Million US$), 2022-2027
Table 4: Colombia: Hemp Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 5: Colombia: Hemp Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Colombia: Hemp Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Colombia: Hemp Market: Competitive Structure
Table 8: Colombia: Hemp Market: Key Players


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