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Industrial Hemp Market To Hit Record Revenue of $60,682.8 Million by 2030, says P&S Intelligence
In 2021, the European industrial hemp market was the largest in the world. This is owing to a wide customer base for food, nutritional supplements, drinks, and personal care items, as well as the presence of a number of significant market competitors, such as MH Medical Hemp, GenCanna, Colorado Hemp Works, Dun Agro Hemp Group, Hempoland, Hemp Oil Canada, Konoplex Group, HempFlex GroupB.V., Hemp Inc., and Ecofibre.
The production of industrial hemp has been permitted by government authorities in various European nations, which has increased crop yield. Furthermore, the emergence of hemp-based skincare products has had a hugely beneficial influence on the hemp demand in the region, as the population here is strongly conscious of its appearance.
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Prajneesh Kumar
P&S Intelligence
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