According to the latest report by IMARC Group, titled “Colombia Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the colombia hemp market is expected to exhibit a CAGR of 20.1% during 2022-2027.
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.
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Note: 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.
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.
Breakup by Type:
- Hemp Seed
- Hemp Seed Oil
- CBD Hemp Oil
- Others
Breakup by Source:
- Conventional
- Organic
Breakup by Consumer Age Group:
- 18-24
- 25-34
- 35-44
- 45-54
- 55-64
- Above 65
Breakup by Application:
- Food
- Snacks and Cereals
- Soup, sauces, and seasonings
- Bakery
- Dairy and frozen desserts
- Others
- Beverages
- Hot Beverages
- Sports and Energy Drinks
- Ready-to-Drink
- Others
- Personal Care Product
- Textiles
- Pharmaceuticals
- Construction Materials
- Others
Breakup by Region:
- Andean Region
- Caribbean Region
- Pacific Region
- Orinoquia Region
- Amazon Region
Competitive Landscape with Key Player:
- 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
- Sky Hemp Organic
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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