The UK-based CBD and hemp company, Love Hemp Group, has signed a deal with the Asia-based distribution company eCargo Holdings to bring its expansive line of hemp and CBD products to the Asian market.
The initial Love Hemp launch will take place in Hong Kong and Southeast Asia through a series of virtual and in-personal commerce channels. Furthermore, the company will expand to India and Japan in 2022 through partnerships with e-commerce marketplaces, including Flipkart and Rakuten.
Love Hemp Group boasts premium CBD products and plans to expand its core offering as consumer demand picks up. It currently offers over 40 products. Love Hemp has something for everyone from oils, edibles, sprays, cosmetics, vapes, and topicals.
Hemp-Based Wellness Products
Love Hemp Group Expands to the Asian Market
Trend Themes
1. Expansion of Hemp-based Wellness Products in Asia - With Love Hemp Group's expansion to the Asian market, there is an opportunity for other CBD and hemp companies to also enter the market and capitalize on the growing demand for wellness products.
2. Diversification of Hemp and CBD Product Offerings - As Love Hemp Group plans to expand its offering of products, there is an opportunity for other companies to create unique hemp and CBD products and differentiate themselves in the market.
3. Increase of Virtual Commerce Channels for Hemp and CBD Products - As Love Hemp Group plans to launch its products through virtual commerce channels in Asia, there is an opportunity for other companies to also expand their online presence and potentially reach new markets.
Industry Implications
1. CBD and Hemp Industry - The CBD and hemp industry is growing globally, and this expansion to the Asian market presents new opportunities for companies in the industry.
2. Wellness Industry - The expanding availability of hemp-based wellness products presents new opportunities for companies in the wellness industry to offer a wider array of products to consumers.
3. E-commerce Industry - As Love Hemp Group plans to expand its product offerings through e-commerce marketplaces, there is an opportunity for other companies in the e-commerce industry to partner with CBD and hemp companies and benefit from the growing demand for these products.