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According to the latest report by IMARC Group, titled "Hemp Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global hemp seeds market grew at a CAGR of around 7% during 2015-2020. Hemp seeds are brown colored seeds that are obtained from the hemp plant, Cannabis sativa L. They are extremely rich in proteins, fibers, antioxidants, essential fats, amino acids, iron, minerals and vitamins and are known to be one of the most nutritional food products available across the globe. Their consumption aids in boosting metabolism, improving immunity, treating inflammation, alleviating chronic pain and enhancing blood circulation. Widely available in the form of whole seeds, shelled seeds, hemp oil, and protein powder, they find extensive applications across the pharmaceuticals, cosmetic, and food and beverages sectors.
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.
Global Hemp Seeds Market Trends:
The global market is majorly driven by the growing health consciousness among the masses. The rising awareness regarding the numerous health benefits offered by the consumption of hemp seeds has provided an impetus to the market growth. Moreover, the shifting preference of individuals toward the consumption of high-protein foods has also provided a boost to the sales of hemp seeds. The market is further driven by the launch of hemp-based cereals, bars, and yogurt by numerous key players. Coupled with the easy product availability across online and offline organized retail channels, this is acting as a major growth-inducing factor. Furthermore, the increasing utilization of bioactive ingredients in the formulation of numerous drugs is creating a positive outlook for the market. Some of the other factors contributing to the market include inflating disposable income levels of the masses and the numerous initiatives undertaken by several organizations for the legalization of industrial hemp for use in food supplements. On account of the aforementioned factors, the market is expected to witness moderate growth during 2021-2026.
Market Summary:
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