Hemp Seed Peptide: Market Introduction
Hemp is a plant grown in the northern hemisphere that belongs to the same family as marijuana but is distinct from it. Marijuana is cultivated to contain high levels of tetrahydrocannabinol (THC), a chemical responsible for its psychoactive properties whereas hemp is grown for non-drug use and contains only a small amount of THC.
The demand and supply of Hemp seed peptide products have been impacted; thus, these factors are leading to decline in the market growth.
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The wide range of hemp seed peptide application in food and beverage, cosmetics, nutraceuticals, and pharmaceuticals has concentrated on expanding the market across the world. Hemp peptide also has a range of health benefits that increase its demand in the pharmaceutical industry.
Research has shown that eating plant-based protein can help reduce the risk of diseases such as cardiovascular disease and cancer. In addition, it has a variety of other benefits, such as an immune system booster, weight suppressant, and the ability to reduce blood pressure and cholesterol, contributing to market growth over the forecast period.
Global Hemp Seed Peptide Market is Experiencing increasing Demand as COVID-19 Outbreak
COVID-19 has significantly impacted food and beverage industry, including hemp seed peptide. Business are affected as manufacturing industries are finding difficult to sustain. Although the benefits of the hemp seed like, boosting the immune system, increasing metabolic rate are enabling growth in the market. The demand and supply of Hemp seed peptide products have been impacted; thus, these factors are leading to decline in the market growth.
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Segmentation Analysis of Global Hemp Seed Peptide Market
Global Hemp Seed Peptide Market is bifurcated into four major categories: application, product, form, and region.
On the basis of application, the global market for hemp seed peptide is divided into:
- Pharmaceutical
- Food & Beverages
- Cosmetics
- Industrial
- Others
On the basis of product, the global market for hemp seed peptide is divided into:
- Hemp oil
- Hemp protein
- Hemp milk
On the basis of form, the global market for hemp seed peptide is divided into:
- Powder
- Liquid
Based on the region, the global market for hemp seed peptide is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Hemp Seed Peptide Market: Competition Outlook
Key players operating in the market include Navitas Organics, Blue Sky Hemp Ventures, Nutraonly (Xi’an) Nutritions Inc, ETChem, Manitoba Harvest Hemp Foods, Naturally Splendid Enterprises Ltd., North American Hemp & Grain Co. Ltd, Victory Hemp Foods, Trilogeneseeds, Hemp Genetics International.
The Global Hemp Seed Peptide Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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The Global Hemp Seed Peptide Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, ANZ, Rest of Oceania)
- MEA (GCC Countries, South Africa, Turkey, Rest of MEA)
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