The Europe hemp seeds market size is expected to reach USD 378.35 billion in 2024 and reach USD 639.41 billion by 2029, growing at a CAGR of 11.06% from 2024 to 2029.
Hemp, generally called Industrial hemp, is native to the northern hemisphere, and it is a variety of the Cannabis sativa plant species that is specifically grown for the industrial uses of its products. It is one of the fastest-growing plants and spun into usable fiber very quickly. It is industrially refined into textiles, paper, biodegradable plastics, clothing, biofuel, paint, food, and animal feed. It contains a small amount of naturally occurring tetrahydrocannabinoids (THC) with unique phytochemical compositions and uses.
Hemp seed is the most nutritious seed in the world, and it is a huge source of protein and minerals. It has the most concentrated balance of proteins, essential fats, vitamins, and enzymes combined with a relative absence of sugar, starches, and saturated fats. Hemp oil is used in body care products, cleaning products, health foods, textiles, and plastics. In medical use, it is used in the treatment of hormone problems, cancer, arthritis and joint pains, weight loss, and digestive and heart disorders. Some countries have stringent regulations for the concentration of THC and permit only hemp that is bred with an especially low THC content.
Factors driving the growth of the European hemp seeds market are growing health awareness and many health advantages and benefits of hemp seeds, it is used to reduce toxic substances and heal immune deficiency diseases, are a rich source of vitamins and nutrients, and increase disposable income, rises in population, growth in textile and fiber industry, product innovations and technology advancements. However, a lack of awareness, a limited number of skilled professionals, and stringent regulations for product use are hampering the growth of the market.
Key companies dominating in the Europe Hemp Seeds Market are Navitas Naturals, Europen Hemp and Grain co., Harvest Hemp Foods, Hemp Oil Canada, Green source organics, CHII Naturally Pure Hemp, Kenny delights, Manitoba and GFR Ingredients Inc.
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