
Hemp Seeds Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of Hemp Seeds Market
The global hemp seeds market is experiencing significant growth, driven by increasing consumer awareness of health benefits and expanding applications across various industries. According to a report by Fortune Business Insights, the market was valued at USD 710.7 million in 2019 and is projected to reach USD 3,002.94 million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.87% during the forecast period .
Nutritional Profile and Health Benefits
Hemp seeds are recognized for their rich nutritional content, including high levels of protein, fiber, and essential fatty acids. They contain significant amounts of vitamins A, C, and E, and have an ideal ratio of omega-6 to omega-3 fatty acids, which are beneficial for heart health and reducing inflammation. These properties make hemp seeds a valuable ingredient in health foods and dietary supplements.
Market Segmentation and Applications
The hemp seeds market is segmented based on form and application. By form, it includes whole hemp seeds, hulled hemp seeds, hemp seed oil, and hemp protein powder. In terms of application, the market is divided into food and beverages, personal care products, industrial products, and others. The food and beverage segment holds the largest share, driven by the incorporation of hemp seeds into products like smoothies, cereals, and protein bars. Personal care products also represent a growing segment, utilizing hemp seed oil for its moisturizing and anti-inflammatory properties.
Regional Insights
Asia Pacific dominated the hemp seeds market in 2019, accounting for 33.59% of the global share. This dominance is attributed to the region's long-standing use of hemp in traditional diets and medicine, as well as increasing industrial applications. Europe is expected to witness the fastest growth during the forecast period, supported by favorable regulatory changes and rising consumer demand for plant-based and sustainable products.
Impact of COVID-19
The COVID-19 pandemic posed challenges to the hemp seeds market, including disruptions in the supply chain and reduced availability of raw materials. However, the pandemic also heightened consumer focus on health and wellness, leading to increased demand for nutritious foods and supplements, which may have mitigated some negative impacts on the market.
Key Market Trends
Several trends are shaping the hemp seeds market:
Product Innovation: Companies are investing in developing new hemp-based products to meet diverse consumer needs.
Regulatory Developments: Legalization of hemp cultivation and processing in various countries is opening new markets and opportunities.
Sustainability: Hemp is considered an environmentally friendly crop, which appeals to eco-conscious consumers and supports its use in sustainable product lines
Competitive Landscape
The market features several key players, including Hemp Oil Canada, Hempflax BV, and Manitoba Harvest. These companies are focusing on expanding their product portfolios, enhancing production capabilities, and exploring new markets to strengthen their positions in the global hemp seeds market.
Conclusion
The hemp seeds market is poised for substantial growth, driven by their nutritional benefits, expanding applications, and increasing consumer demand for health-oriented and sustainable products. As regulatory environments become more favorable and awareness continues to rise, the market is expected to offer significant opportunities for stakeholders across the value chain.
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
Segmentation Form, Application, and Region
By Form
Whole
Hulled
Seed Oil
Protein Powder
By Application
Food & Beverage
Personal Care Products
Industrial Products
Others
By Geography
North America (USA,Canada,Mexico)
Europe (France, Germany, Netherlands, U.K.,Rest of Europe)
Asia Pacific (China, Japan, Australia, Rest of Asia Pacific)
South America (Brazil, Chile, Rest of South America)
Middle East & Africa (South Africa, Turkey, Rest of Middle East & Africa)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
The global hemp seeds market is experiencing significant growth, driven by increasing consumer awareness of health benefits and expanding applications across various industries. According to a report by Fortune Business Insights, the market was valued at USD 710.7 million in 2019 and is projected to reach USD 3,002.94 million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.87% during the forecast period .
Nutritional Profile and Health Benefits
Hemp seeds are recognized for their rich nutritional content, including high levels of protein, fiber, and essential fatty acids. They contain significant amounts of vitamins A, C, and E, and have an ideal ratio of omega-6 to omega-3 fatty acids, which are beneficial for heart health and reducing inflammation. These properties make hemp seeds a valuable ingredient in health foods and dietary supplements.
Market Segmentation and Applications
The hemp seeds market is segmented based on form and application. By form, it includes whole hemp seeds, hulled hemp seeds, hemp seed oil, and hemp protein powder. In terms of application, the market is divided into food and beverages, personal care products, industrial products, and others. The food and beverage segment holds the largest share, driven by the incorporation of hemp seeds into products like smoothies, cereals, and protein bars. Personal care products also represent a growing segment, utilizing hemp seed oil for its moisturizing and anti-inflammatory properties.
Regional Insights
Asia Pacific dominated the hemp seeds market in 2019, accounting for 33.59% of the global share. This dominance is attributed to the region's long-standing use of hemp in traditional diets and medicine, as well as increasing industrial applications. Europe is expected to witness the fastest growth during the forecast period, supported by favorable regulatory changes and rising consumer demand for plant-based and sustainable products.
Impact of COVID-19
The COVID-19 pandemic posed challenges to the hemp seeds market, including disruptions in the supply chain and reduced availability of raw materials. However, the pandemic also heightened consumer focus on health and wellness, leading to increased demand for nutritious foods and supplements, which may have mitigated some negative impacts on the market.
Key Market Trends
Several trends are shaping the hemp seeds market:
Product Innovation: Companies are investing in developing new hemp-based products to meet diverse consumer needs.
Regulatory Developments: Legalization of hemp cultivation and processing in various countries is opening new markets and opportunities.
Sustainability: Hemp is considered an environmentally friendly crop, which appeals to eco-conscious consumers and supports its use in sustainable product lines
Competitive Landscape
The market features several key players, including Hemp Oil Canada, Hempflax BV, and Manitoba Harvest. These companies are focusing on expanding their product portfolios, enhancing production capabilities, and exploring new markets to strengthen their positions in the global hemp seeds market.
Conclusion
The hemp seeds market is poised for substantial growth, driven by their nutritional benefits, expanding applications, and increasing consumer demand for health-oriented and sustainable products. As regulatory environments become more favorable and awareness continues to rise, the market is expected to offer significant opportunities for stakeholders across the value chain.
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
Segmentation Form, Application, and Region
By Form
Whole
Hulled
Seed Oil
Protein Powder
By Application
Food & Beverage
Personal Care Products
Industrial Products
Others
By Geography
North America (USA,Canada,Mexico)
Europe (France, Germany, Netherlands, U.K.,Rest of Europe)
Asia Pacific (China, Japan, Australia, Rest of Asia Pacific)
South America (Brazil, Chile, Rest of South America)
Middle East & Africa (South Africa, Turkey, Rest of Middle East & Africa)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
Table of Contents
150 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Impact of COVID on the market
- 4.3. Regulatory framework
- 4.4. Supply Chain Analysis
- 5. Global Hemp Seeds Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Form (Value)
- 5.2.1.1. Whole Hemp Seed
- 5.2.1.2. Hulled Hemp Seed
- 5.2.1.3. Hemp Seed Oil
- 5.2.1.4. Hemp Protein Powder
- 5.2.2. By Application (Value)
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Personal Care Products
- 5.2.2.3. Industrial Products
- 5.2.2.4. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Hemp Seeds Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Form (Value)
- 6.2.1.1. Whole Hemp Seed
- 6.2.1.2. Hulled Hemp Seed
- 6.2.1.3. Hemp Seed Oil
- 6.2.1.4. Hemp Protein Powder
- 6.2.2. By Application (Value)
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Personal Care Products
- 6.2.2.3. Industrial Products
- 6.2.2.4. Others
- 6.2.3. By Country
- 6.2.3.1. U.S
- 6.2.3.1.1. By Application
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Personal Care Products
- 6.2.3.1.1.3. Industrial Products
- 6.2.3.1.1.4. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Personal Care Products
- 6.2.3.2.1.3. Industrial Products
- 6.2.3.2.1.4. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Personal Care Products
- 6.2.3.3.1.3. Industrial Products
- 6.2.3.3.1.4. Others
- 7. Europe Hemp Seeds Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Form (Value)
- 7.2.1.1. Whole Hemp Seed
- 7.2.1.2. Hulled Hemp Seed
- 7.2.1.3. Hemp Seed Oil
- 7.2.1.4. Hemp Protein Powder
- 7.2.2. By Application (Value)
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Personal Care Products
- 7.2.2.3. Industrial Products
- 7.2.2.4. Others
- 7.2.3. By Country – Application
- 7.2.3.1. France
- 7.2.3.1.1. Application
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Personal Care Products
- 7.2.3.1.1.3. Industrial Products
- 7.2.3.1.1.4. Others
- 7.2.3.2. Germany
- 7.2.3.2.1. Application
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Personal Care Products
- 7.2.3.2.1.3. Industrial Products
- 7.2.3.2.1.4. Others
- 7.2.3.3. Netherlands
- 7.2.3.3.1. Application
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Personal Care Products
- 7.2.3.3.1.3. Industrial Products
- 7.2.3.3.1.4. Others
- 7.2.3.4. U.K
- 7.2.3.4.1. Application
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Personal Care Products
- 7.2.3.4.1.3. Industrial Products
- 7.2.3.4.1.4. Others
- 7.2.3.5. Rest of Europe
- 7.2.3.5.1. Application
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Personal Care Products
- 7.2.3.5.1.3. Industrial Products
- 7.2.3.5.1.4. Others
- 8. Asia Pacific Hemp Seeds Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Form (Value)
- 8.2.1.1. Whole Hemp Seed
- 8.2.1.2. Hulled Hemp Seed
- 8.2.1.3. Hemp Seed Oil
- 8.2.1.4. Hemp Protein Powder
- 8.2.2. By Application (Value)
- 8.2.2.1. Food & Beverages
- 8.2.2.2. Personal Care Products
- 8.2.2.3. Industrial Products
- 8.2.2.4. Others
- 8.2.3. By Country – Application
- 8.2.3.1. China
- 8.2.3.1.1. By Application
- 8.2.3.1.1.1. Food & Beverages
- 8.2.3.1.1.2. Personal Care Products
- 8.2.3.1.1.3. Industrial Products
- 8.2.3.1.1.4. Others
- 8.2.3.2. Japan
- 8.2.3.2.1. By Application
- 8.2.3.2.1.1. Food & Beverages
- 8.2.3.2.1.2. Personal Care Products
- 8.2.3.2.1.3. Industrial Products
- 8.2.3.2.1.4. Others
- 8.2.3.3. Australia
- 8.2.3.3.1. By Application
- 8.2.3.3.1.1. Food & Beverages
- 8.2.3.3.1.2. Personal Care Products
- 8.2.3.3.1.3. Industrial Products
- 8.2.3.3.1.4. Others
- 8.2.3.4. Rest of Asia Pacific
- 8.2.3.4.1. By Application
- 8.2.3.4.1.1. Food & Beverages
- 8.2.3.4.1.2. Personal Care Products
- 8.2.3.4.1.3. Industrial Products
- 8.2.3.4.1.4. Others
- 9. South America Hemp Seeds Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Form (Value)
- 9.2.1.1. Whole Hemp Seed
- 9.2.1.2. Hulled Hemp Seed
- 9.2.1.3. Hemp Seed Oil
- 9.2.1.4. Hemp Protein Powder
- 9.2.2. By Application (Value)
- 9.2.2.1. Food & Beverages
- 9.2.2.2. Personal Care Products
- 9.2.2.3. Industrial Products
- 9.2.2.4. Others
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Application
- 9.2.3.1.1.1. Food & Beverages
- 9.2.3.1.1.2. Personal Care Products
- 9.2.3.1.1.3. Industrial Products
- 9.2.3.1.1.4. Others
- 9.2.3.2. Chile
- 9.2.3.2.1. By Application
- 9.2.3.2.1.1. Food & Beverages
- 9.2.3.2.1.2. Personal Care Products
- 9.2.3.2.1.3. Industrial Products
- 9.2.3.2.1.4. Others
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Application
- 9.2.3.3.1.1. Food & Beverages
- 9.2.3.3.1.2. Personal Care Products
- 9.2.3.3.1.3. Industrial Products
- 9.2.3.3.1.4. Others
- 10. Middle East & Africa Hemp Seeds Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Form (Value)
- 10.2.1.1. Whole Hemp Seed
- 10.2.1.2. Hulled Hemp Seed
- 10.2.1.3. Hemp Seed Oil
- 10.2.1.4. Hemp Protein Powder
- 10.2.2. By Application (Value)
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Personal Care Products
- 10.2.2.3. Industrial Products
- 10.2.2.4. Others
- 10.2.3. By Country – Application
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Application
- 10.2.3.1.1.1. Food & Beverages
- 10.2.3.1.1.2. Personal Care Products
- 10.2.3.1.1.3. Industrial Products
- 10.2.3.1.1.4. Others
- 10.2.3.2. Turkey
- 10.2.3.2.1. By Application
- 10.2.3.2.1.1. Food & Beverages
- 10.2.3.2.1.2. Personal Care Products
- 10.2.3.2.1.3. Industrial Products
- 10.2.3.2.1.4. Others
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Application
- 10.2.3.3.1.1. Food & Beverages
- 10.2.3.3.1.2. Personal Care Products
- 10.2.3.3.1.3. Industrial Products
- 10.2.3.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Hemp Seeds Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2019
- 12. Company Profiles
- 12.1. Manitoba Harvest
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Type Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Hemp Oil Canada
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Type Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Canah International
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Type Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Hempflax BV
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Type Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. BAFA neu GmbH
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Type Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Liaoning Qiaopai Biotech
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Type Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. North American Hemp & Grain Co.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Type Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Yunnan HuaFang Industrial Hemp Co. Ltd.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Type Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. GFR Ingredients Inc.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Type Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. CHII Naturally Pure Hemp
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Type Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
Pricing
Currency Rates
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