Hemp Horizons is one of the largest hemp contract manufacturing firms in India, and was one of the first to enter the industry back in 2017 when initial approvals of hemp under Ayurvedic regulations were passed.
According to the firm’s Founder Rohit Shah, the industry has already been seeing significant growth over the past few years, but he expects to see even more moving forward when the Food Safety and Standards Authority of India (FSSAI) passes regulations governing the use of hemp as food this year.
“We expect to see a 10x growth for the industry moving forward fuelled by the regulations, combined with the medical cannabis side and rising awareness around CBD,” Shah told FoodNavigator-Asia.
“Hemp Horizons is glad to be in the right place at the right time – we also just got our seed round of funding last year, and we want to use the funding to take advantage of this growth by increasing current capacity, not just for current first generation products (hemp seeds, hemp oil, hemp powder) but also second generation products.
“We will be looking at a lot more innovation for hemp food products, from flavoured protein powders to hemp butters to hemp milk, energy bars, pastas and more.
“The prospects for the hemp market are huge at this time as the possibilities are endless – I believe no industry will be left untouched by hemp after this, in the food space as well as others from cosmetics to textile to cars to construction and so on.”
Hemp Horizons is currently also the largest white labelling company doing contract manufacturing for the hemp industry in India – over 90% of Indian hemp brands currently use its services, which puts it in a very choice position to capitalise on the hemp boom.
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