Industrial Hemp Market - Forecasts from 2025 to 2030

The industrial hemp market is expected to grow at a CAGR of 17.75%, reaching a market size of US$22.438 billion in 2030 from US$9.913 billion in 2025.
Cannabis sativa is characterized botanically, with the distinguishing feature referring to industrial hemp, by quantities of tetrahydrocannabinol (THC) it contains. More than just that, the market demand is driven speedily by its versatility and burgeoning applications, such as food and beverages, diet supplements, textiles, and meals, among others. The expansion of the market is mainly driven by the increasing demand for sustainable raw materials and products to cater to different industries. Most people have now become very concerned about the environment and are therefore highly demanding in the application of hemp in bioplastics, textile, and building materials use. Legalizing the cultivation of hemp in many areas can be attributed to low environmental impacts and resource-efficient methods, which stimulate industry growth simultaneously.
Industrial Hemp Market Drivers

Environmental benefits and sustainability are contributing to the industrial hemp market growth
Commercial cultivation of industrial hemp is gaining momentum as a sustainable crop due to the fast-increasing demand for hemp in terms of environmentally friendly crops. Hemp is an environmentally benign substitute for conventional crops, owing to its short growing cycle and little requirement for pesticides and herbicides. For example, hemp is a natural repellent to most insects, pests, and even diseases, while cotton grows on a large number of toxic pesticides.
Moreover, it is pleasing about climate change and preservation of the environment: efficient carbon retention coupled with soil nutrient restoration, little water consumption as compared to many other crops, and biomass from hemp can be transformed into many green products such as bioplastics, construction materials, or biofuels sustainable alternatives for nonrenewable energy sources. Today, nonrenewable fossil fuels such as coal, natural gas, and oil are the sources of as much as 85% of energy input at the global level. As a very bright and expanding market due to increasing emphasis on sustainability and carbon footprints worldwide, it is becoming a more viable choice to consider for a wide array of industries.
Industrial Hemp Market Geographical Outlook:

Asia Pacific is witnessing exponential growth during the forecast period.
China, India, Japan, Korea, Australia, New Zealand, and Thailand are some of the economies currently involved in the production and consumption of industrial hemp and its by-products such as fibre, seed, hurds, oil, and several others. Changing the location is being brought about by changing market demand across the globe for hemp product manufacturing, in addition to new advances in technology and innovation that continue to make harvesting easier for growers. With rising demand for hemp use via food products and supplements in developing countries with ageing populations, this market will expand further.

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Report Coverage:

Historical data & forecasts from 2022 to 2030

Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis

Competitive Positioning, Strategies, and Market Share Analysis

Revenue Growth and Forecast Assessment of segments and regions including countries

Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The industrial hemp market is segmented and analyzed as follows:

By Type

Hemp Seed
Hemp Seed Oil
Hemp Fiber
CBD Hemp Oil

By Source

Organic
Conventional

By Application

Food
Beverages
Personal Care Products
Textiles
Pharmaceuticals

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Others