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Industrial Hemp Market is estimated to grow around US$ 25.33 billion by 2032

Renubresearch0120 Sep, 2024Other

Industrial Hemp Market is estimated to grow around US$ 25.33 billion by 2032, up from US$ 6.03 billion in 2023, with a compound annual growth rate of 17.29% between 2024 and 2032. This can be attributed to increased product demand from the application industries including food & beverage, personal care and animal care amongst others across the world.

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