Europe Hemp Derivatives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Hemp CBD Oil, Seed Oil, Hemp Fiber, and Others) and Application (Food and Beverages, Pharmaceutical and Nutraceutical, Personal Care, Textiles, and Others)
The Europe hemp derivatives market is expected to grow from US$ 1,521.21 million in 2021 to US$ 6,534.63 million by 2028; it is estimated to grow at a CAGR of 23.1% from 2021 to 2028.
Hemp derivatives derived from hemp is a variety of the Cannabis sativa plant species which is basically grown for industrial use of its derived products. Hemp is one of the first plants that was spun to form a usable fiber. Hemp derivatives such as hemp-CBD oil, hemp fibers, and hemp seed oil finds its application in textiles, food and beverage applications, personal care, and others industrial bases. Hemp is grown and is used in the manufacturing process of various products. Hemp seeds and oilcake are used as an alternative source of food and feed protein in the food & beverages industry. Along with this, the oil obtained while crushing the hemp seeds is used in the manufacturing of soap, shampoo, lotion, cosmetics, and bath gels. The oil obtained from hemp seeds is rich in amino acids, minerals, and vitamins, and it is used in nutritional supplements as well as medicinal and therapeutic products.
In Europe, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The UK is estimated to suffer an economic hit due to lack of revenue from various industries, as the country recorded the highest number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders, which is anticipated to impact market growth in Europe. The lockdown restrictions are being slowly lifted in some countries in Europe; for instance, in Denmark, shops and restaurants have reopened. Italy is in the “yellow zone” and is slowly lifting the lockdown restrictions. All these factors are likely to positively impact the food & beverages industry, which will translate to the recovery of the hemp derivatives market.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe hemp derivatives market. An increase in legalization, along with a rise in the cultivation of hemp, has led the manufacturers and research institutes to develop new products from hemp. One such innovation is the use of hemp in the production of biofuel. Biofuel is an alternative to conventional fuel or fossil fuels. With the increase in the prices of oil, along with the growing concerns about Europe warming, biofuels have been gaining popularity as they have environmental benefits. Hemp is one of the few plants that can produce high yields of both oil and biomass, which means, it can be used to produce both biodiesel and bioethanol. Hemp seed oil is used for making hemp biodiesel and can be used in any conventional diesel engine. The University of Connecticut’s research showed that hemp oil had a 97% conversion rate into biodiesel, and it passed all lab tests. Thus, its application as a biofuel would save much time to produce biodiesel. Along with this, the rest of the plant can be used for making ethanol or methanol. They are also referred to as “hempanol” and “hempoline.” They are prepared through a process called cellulolysis, which ferments and distills the hemp to extract the ethanol. The dry distillation process is used to create methanol from hemp. Thus, various innovations by the manufacturers and research institutions are providing growth opportunities for the hemp derivatives market.
Europe Hemp Derivatives Market Revenue and Forecast to 2028 (US$ Million)
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Europe Hemp Derivatives Market Segmentation
Europe Hemp Derivatives Market – By Type
- Hemp CBD Oil
- Seed Oil
- Hemp Fiber
- Others
Europe Hemp Derivatives Market – By Application
- Food and Beverages
- Pharmaceutical and Nutraceutical
- Personal Care
- Textiles
- Others
Europe Hemp Derivatives Market – By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Hemp Derivatives Market Landscape
4.1 Market Overview
4.2 Porter’s Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Value Chain Analysis
4.4 Expert Opinion
5. Hemp Derivatives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Applications of Hemp Derivatives in Various Industries
5.1.2 Increasing Cultivation of Hemp
5.2 Market Restraints
5.2.1 Complex Regulatory Structure
5.3 Market Opportunities
5.3.1 Innovations in Hemp Derivatives Market
5.4 Future Trend
5.4.1 Application of Hemp in the Cosmetic Industry
5.5 Impact Analysis of Drivers and Restraints
6. Hemp Derivatives Agents – Europe Market Analysis
6.1 Hemp Derivatives Market Overview
6.2 Hemp Derivatives Market –Revenue and Forecast To 2028 (USD Million)
7. Europe Hemp Derivatives Market Analysis – By Type
7.1 Overview
7.2 Europe Hemp Derivatives Market Breakdown, by Type, 2021 & 2028
7.3 Hemp CBD Oil
7.3.1 Overview
7.3.2 Hemp CBD Oil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
7.4 Hemp Seed Oil
7.4.1 Overview
7.4.2 Hemp Seed Oil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
7.5 Hemp Fiber
7.5.1 Overview
7.5.2 Hemp Fiber: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
8. Europe Hemp Derivatives Market Analysis – By Application
8.1 Overview
8.2 Europe Hemp Derivatives Market Breakdown, by Application, 2021 & 2028
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
8.4 Pharmaceutical and Nutraceutical
8.4.1 Overview
8.4.2 Pharmaceutical and Nutraceutical: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
8.5 Personal Care
8.5.1 Overview
8.5.2 Personal Care: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
8.6 Textile
8.6.1 Overview
8.6.2 Textile: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
9. Europe Hemp Derivatives Market – Country Analysis
9.1 Europe: Hemp Derivatives Market
9.1.1 Europe: Hemp Derivatives Market, by Key Country
9.1.1.1 Germany: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.1.1 Germany: Hemp Derivatives Market, by Type
9.1.1.1.2 Germany: Hemp Derivatives Market, by Application
9.1.1.2 France: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.2.1 France: Hemp Derivatives Market, by Type
9.1.1.2.2 France: Hemp Derivatives Market, by Application
9.1.1.3 Italy: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.1 Italy: Hemp Derivatives Market, by Type
9.1.1.3.2 Italy: Hemp Derivatives Market, by Application
9.1.1.4 UK: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.4.1 UK: Hemp Derivatives Market, by Type
9.1.1.4.2 UK: Hemp Derivatives Market, by Application
9.1.1.5 Rest of Europe: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.5.1 Rest of Europe: Hemp Derivatives Market, by Type
9.1.1.5.2 Rest of Europe: Hemp Derivatives Market, by Application
10. Overview – Impact of COVID-19 on Europe Hemp Derivatives Market
10.1 Impact of COVID-19 on Hemp Derivatives Market
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Expansion
12. Company Profiles
12.1 Dun Agro Hemp Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 HempFlax Group B.V.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 HemPoland Sp. z o.o.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Konoplex
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MH Medical Hemp GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 South Hemp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 BAFA Neu GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Hemp Derivatives Market –Revenue and Forecast To 2028 (USD Million)
Table 2. Germany Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. France Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. France Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Italy Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Italy Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. UK Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. UK Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of Europe Hemp Derivatives Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Europe Hemp Derivatives Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Hemp Derivatives Market Segmentation
Figure 2. Hemp Derivatives Market Segmentation – By Country
Figure 3. Europe Hemp Derivatives Market Overview
Figure 4. Hemp Fiber Segment Held Largest Share of Europe Hemp Derivatives Market
Figure 5. Rest of Europe Held Largest Share of Europe Hemp Derivatives Market
Figure 6. Europe Hemp Derivatives Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis
Figure 8. Value Chain: Hemp Derivatives Market
Figure 9. Expert Opinion
Figure 10. Europe Hemp Derivatives Market Impact Analysis of Drivers and Restraints
Figure 11. Europe: Hemp Derivatives Market – Revenue and Forecast To 2028 (USD Million)
Figure 12. Europe Hemp Derivatives Market Breakdown, by Type, 2021 & 2028
Figure 13. Hemp CBD Oil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 14. Hemp Seed Oil: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 15. Hemp Fiber: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 16. Others: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. Europe Hemp Derivatives Market Breakdown, by Application, 2021 & 2028
Figure 18. Food and Beverages: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. Pharmaceutical and Nutraceutical: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. Personal Care: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. Textile: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Others: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 23. Europe: Hemp Derivatives Market, by Key Country – Revenue (2021) (US$ Million)
Figure 24. Europe: Hemp Derivatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. Germany: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 26. France: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Italy: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. UK: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Rest of Europe: Hemp Derivatives Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Impact of COVID-19 Pandemic in Europe
- Dun Agro Hemp Group
- HempFlax Group B.V.
- HemPoland Sp. z o.o.
- Konoplex
- MH Medical Hemp GmbH
- South Hemp
- BAFA Neu GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe hemp derivatives market.
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- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe hemp derivatives market, as well as those hindering it
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