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Brazil Industrial Hemp in Agriculture Market

The Brazil Industrial Hemp in Agriculture market size was valued at US$ 23 million in 2024 and is projected to reach US$ 45 million by 2030, at a CAGR of 11.8% during the forecast period 2024-2030.
Industrial hemp refers to cannabis varieties grown for fiber, seeds, and CBD, with low THC content, used in various agricultural and industrial applications.
Brazil's industrial hemp in agriculture market is in its early stages but experiencing rapid growth, driven by recent regulatory changes and increasing interest in hemp-based products. In 2023, hemp fiber production accounted for 50% of the industrial hemp market in Brazil, followed by hempseed oil at 30% and CBD extraction at 15%. The market saw a 40% increase in hemp cultivation licenses issued in 2023, reflecting growing farmer interest in this alternative crop. Research into hemp varieties adapted to Brazilian growing conditions is expanding at 25% annually. Key players are investing in developing processing infrastructure, with a 35% year-over-year increase in investments in hemp fiber processing facilities. The industry is also witnessing a trend towards vertical integration, with a 30% rise in companies involved in both hemp cultivation and product manufacturing. Brazil's agricultural diversification efforts and the global demand for sustainable materials continue to drive industrial hemp market growth, with a 20% increase in planted area dedicated to hemp, particularly in the southern states where climate conditions are favorable. However, regulatory uncertainties and public education challenges remain factors influencing market development.

This report contains market size and forecasts of Industrial Hemp in Agriculture in Brazil, including the following market information:
•   Brazil Industrial Hemp in Agriculture Market Revenue, 2019-2024, 2024-2030, ($ millions)
•   Brazil Industrial Hemp in Agriculture Market Sales, 2019-2024, 2024-2030,
•   Brazil Top five Industrial Hemp in Agriculture companies in 2023 (%)

Report Includes

This report presents an overview of Brazil market for Industrial Hemp in Agriculture , sales, revenue and price. Analyses of the Brazil market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Industrial Hemp in Agriculture sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the Brazil Industrial Hemp in Agriculture market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

• Hemp Seed
• Hemp Oil

Segment by Applications

• Agriculture
• Planting

Key Companies covered in this report:

•   Horizonte Hemp
•   Santa Fe Hemp
•   Brasil Canabis
•   C