Hemp, Inc. Reports: Hemp-Based Product Sales Expected to Reach $16.2 Billion by 2033

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Hemp, Inc. reports that the global market for hemp-based products is projected to reach $16.2 billion in 10 years. The current value of the market is $1.8 billion and is expected to grow due to increased opportunities, shifting trends, and less restraints. Hemp, Inc. believes its e-portal will capture a significant share of the marketplace. The younger population's inclination towards organic and natural products is driving the demand for hemp-based products globally. However, restrictions on export and import in some countries may impede market development.

LAS VEGAS, NV, July 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Hemp, Inc. (OTC PINK: HEMP) reports today that the global market for hemp-based products is expected to skyrocket to $16.2 billion in 10 years.  According to the latest business intelligence study by Fact.MR, hemp-based products are already valued at $1.8 billion in the global market and will continue to have significant growth over the next 10 years due to more opportunities, increased drivers, shifting trends, and less restraints. The report highlights segments and sub-segments within the hemp industry and analyzes each in terms of value and volume.  It also “elaborates market behavior of each vendor operating in the hemp-based products market”. (Source)

If the hemp industry continues to evolve at this rate, Hemp, Inc. executives believe its e-portal (www.hempinc.com) to its CBD products will capture a large share of the marketplace. Another report by Transparency Market Research, Inc. revealed that an “inclination of the younger population toward organic and natural products is anticipated to drive the demand for hemp-based products globally.” With Hemp, Inc.’s stellar lineup of CBD/CBG/CBN products, the Company is well-positioned to grab a sizeable portion of that market share. Hemp, Inc.’s products include a CBD-CBG Topical Pain Relief Roll-on (an impressive, THC-free 1,460mg of CBD and 630mg of CBG for a whopping total of 2,090mg of cannabinoids in 5ml), CBD/CBG Natural Coffee Enhancers, CBD/CBG Tinctures, and, CBDa/CBGa/CBD/CBG/CBN Capsules.

The report also cited “restrictions on export and import of hemp seeds and hemp-based products in a number of countries are likely to impede market development in the next few years.” To combat this, “firms in the global hemp-based products market are concentrating on expanding their geographic reach through tactical acquisitions and partnerships with key players in their respective region. A slew of international firms possessing strong R&D capabilities and skills and online platforms are likely to enter the domain of hemp-based products to grab as much of the global market share as possible.” (Source)

With its strong foothold in the market and invaluable roster of manufacturers and vendors across the country and abroad, Hemp, Inc. has the capability to make and/or provide the raw materials to produce hemp-based products such as hempcrete, horse bedding, hemp bio-plastics, and more. The Company also discovered its grounded kenaf hemp blend makes the perfect substrate to grow healthy and/or medicinal mushrooms. Both of these are gaining unprecedented, meteoric growth curves and trending on an international scale. 

“Cannabis sativa, commonly known as hemp, has a number of medicinal uses. It can be cultivated to produce a diverse range of products, including food, paper, and textiles. Increase in approval for retail sale of cannabis oil via pharmacies and other retail options prompts online vendors to make it readily available for sale. Firms in the global industry have significant development potential owing to improved lifestyles and rise in disposable incomes, especially in developing countries.”

More on Hemp, Inc.’s Current Product Line

The product line contains CBD, CBDA, CBG, CBGA, and CBN (non-psychoactive compounds found in cannabis plants). These are active ingredients in cannabis that are derived from the hemp plant, which is widely known for pain relief, relaxation, and anxiety relief. A recipe is only as good as its ingredients and how those ingredients are blended. Hemp, Inc. is the only company in America that uses pharmaceutical-grade beta-cyclodextrin (a carbohydrate used during the manufacturing process) which is combined with all the cannabinoids for rapid absorption and uptake.  The Company’s CBD, CBDA, CBG, CBGA, and CBN product lines are highly potent therapeutic doses that have received rave reviews. 

Hemp, Inc. has also pushed the boundaries with its CBD/CBG coffee enhancer. This powerhouse product is super potent, absorbs rapidly in coffee, and is 4 times more potent (at a fraction of the price) than other hemp-derived coffee enhancers currently on the market. Its high-quality ingredient combination offers 30 servings per bottle and contains a total of 10,000mg of cannabinoids (7,500mg CBD and 2,500mg CBG) in an MCT oil base. Per serving, that’s 250mg CBD and 83mg CBG remarkably mixed in a wonderfully rich cup of coffee.  

The CBD/CBG coffee enhancer comes in plain (natural) and vanilla flavors.  The plain (natural) coffee enhancer is available now and the vanilla flavor will be available by the end of this month.  A single container (7-day supply) retails for $27.95 and a bottle (30-day supply) retails for $99.95.  Wholesale bulk orders are single-use packages, available through select restaurants.

For more information on Hemp, Inc.’s products, click here. Catch up on Hemp, Inc.’s latest news below.

Hemp, Inc. Reports: Hemp Recognized as Specialty Crop with US Department of Agriculture
Significant Increase in Revenue Proving 2023 to be a Banner Year for Hemp, Inc.
Hemp, Inc. Reports: Industrial Hemp Act 2023
New Look, New Feel for Hemp, Inc.’s Hempinc.com
Hemp Inc.’s Year-to-Date Sales Increase 315% Over Last Year

Hemp Inc. Reports Third Quarter Results and Removal of “Yield” Sign
Hemp Inc. Reveals Stunning Results of its Hemp Research
Hempcrete Approved for U.S. Residential Construction
Hemp Inc. See Significant Increase in Revenue Over the Last 3 Quarters
Hemp, Inc. Offers CBD-CBG Topical Pain Relief Roll-On
Hemp, Inc.’s Chief Visionary Consultant Bruce Perlowin Brings Opportunity to Hemp, Inc. (August 8, 2022)

Hemp Inc.’s CBDA and CBGA Products on Sale Now (July 19, 2022)
Hemp Inc.’s Chief Visionary Consultant Bruce Perlowin talks with Stock Day podcast about Hemp Inc.’s super potent line of CBD/CBG/CBN Products (July 7, 2022)
Healthy Products for Healthy Living: A Look into Hemp, Inc.’s Pure, Premium, and Potent CBD and Wellness Products (June 16, 2022)
Hemp, Inc. Releases New High Potency CBD/CBG Vanilla Flavored Coffee Enhancer (June 9, 2022)
Hemp, Inc.’s King of Hemp CBD-CBG-CBN Natural Sleep Aid Capsules in Stock and On Sale (May 26, 2022)
King of Hemp Natural and Vanilla-Flavored CBD/CBG “Super” Tinctures Now in Stock (May 12, 2022)

About Hemp, Inc.
With more than 14 years of experience in growing and processing hemp in North America, Hemp, Inc. has an established network of industry professionals in every segment of the industrial hemp industry. Its mission of providing green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue and value-generating synergistic businesses. Hemp may be the salvation in retooling America for greener, more sustainable domestic manufacturing.

The Company will continue to keep its shareholders up to date on all pertinent material events, product releases, production plans, and inventory availability. Those interested in distributing on a large-scale basis should email sales@hempinc.com or call 877-436-7564 for more information. The entire product line includes tinctures, gummies, capsules, and edibles in a variety of sizes, potencies, flavors, and formulas with a future focus on healthy foods for healthy living.

Forward-Looking Statements
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. The Securities and Exchange Commission (SEC) requires issuers to provide “adequate current information”. Financials for Hemp, Inc. are listed on the OTC Exchange. More information can also be found on the Hemp, Inc. website by visiting www.hempinc.com/financial-disclosures/. The material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements involve risks and uncertainties.

Contact:
Hemp, Inc.
Investor Relations
(855) 436-7688
ir@hempinc.com

FAQ

What is the projected value of the global hemp-based products market in 10 years?

The global market for hemp-based products is projected to reach $16.2 billion in 10 years.

What is the current value of the global hemp-based products market?

The current value of the global hemp-based products market is $1.8 billion.

What factors are expected to contribute to the growth of the hemp-based products market?

Increased opportunities, shifting trends, and less restraints are expected to contribute to the growth of the hemp-based products market.

How does Hemp, Inc. plan to capture a share of the marketplace?

Hemp, Inc. believes its e-portal will capture a large share of the marketplace.

What is driving the demand for hemp-based products globally?

The younger population's inclination towards organic and natural products is driving the demand for hemp-based products globally.

What may impede market development in the hemp-based products industry?

Restrictions on export and import of hemp seeds and hemp-based products in certain countries may impede market development.