According to the latest report by IMARC Group, titled “Colombia Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The colombia hemp market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026.
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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Colombia Hemp Market Trends:
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.
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Colombia Hemp Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis on region, type, source, consumer age group, application.
Breakup by Type:
- Hemp Seed
- Hemp Seed Oil
- CBD Hemp Oil
Breakup by Source:
Breakup by Consumer Age Group:
- Above 65
Breakup by Application:
- Snacks and Cereals
- Soup, sauces, and seasonings
- Dairy and frozen desserts
- Hot Beverages
- Sports and Energy Drinks
- Personal Care Product
- Construction & Materials
Breakup by Region:
- Andean Region
- Caribbean Region
- Pacific Region
- Orinoquia Region
- Amazon Region
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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