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2025-07-28 08:44:02 -

Industrial Hemp Market Growth Drivers and Challenges 2024-2030

The global industrial hemp market size was estimated at USD 5.49 billion in 2023 and is projected to reach USD 16.82 billion by 2030, growing at a CAGR of 17.5% from 2024 to 2030. The primary driver behind this growth is the increasing demand for hemp-based products across various application industries worldwide, including food and beverage, personal care, and animal care sectors....

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