Hemp Seeds Market

Global Hemp Seeds Market Size (2024 to 2032)

The global hemp seeds market was valued at USD 1115.12 million in 2023 and is anticipated to reach USD 1248.04 million in 2024 from USD 3072.49 million by 2032, growing at a CAGR of 11.92% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL HEMP SEEDS MARKET

Hemp or 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 tetrahydrocannabinol (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.

MARKET DRIVERS

Factors driving the growth of the 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, increase disposable income, rise 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.

REPORT COVERAGE:

REGIONAL ANALYSIS

In most of the countries, it was made illegal to grow without government permission because of its relation to marijuana. Asia-Pacific has the largest revenue due to the rising population, increase in disposable income, and emerging populations like India and China. It is followed by the Europe countries and North America owing to the largest producer and presence of leading companies in this area.

KEY PLAYERS IN THE GLOBAL HEMP SEEDS MARKET

Key companies dominating the global hemp seeds market are Navitas Naturals, North American Hemp and Grain Co., Harvest Hemp Foods, Hemp Oil Canada, Green Source Organics, CHII Naturally Pure Hemp, Kenny Delights, Manitoba, and GFR Ingredients Inc.

DETAILED SEGMENTATION OF THE GLOBAL HEMP SEEDS MARKET INCLUDED IN THIS REPORT

This research report on the global hemp seeds market is segmented and sub-segmented based on Form, Application, Distribution Channel, and Region.

By Form:

• Whole hemp seed
• Shelled hemp seed
• Hemp seed protein
• Hemp seed oil

By Application:

• Tea and hemp juice
• Food containing hemp milk
• Hemp fibre
• Hemp sacks
• Biofuel
• Canvas
• Paper

By Distribution Channel:

• Retailers
• Online
• Convenience stores
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa