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The global hemp seeds market is expected to grow at a CAGR of 11.20% during the period 2022-2027. The market is expected to be driven by increasing legitimacy being granted to industrial hemp cultivation by authorities, reported health and medicinal benefits of hemp seed and hemp seed oil, growing health consciousness among consumers, applications in foods and beverages, and nutraceutical and pharmacological uses. North America, Europe and Asia are expected to be key markets.
Industrial hemp (Cannabis sativa L., Cannabaceae) originated from Central Asia and has traditionally been a multi-use crop, appreciated for its fibre, food, and medicinal uses. While several countries prohibited the production of industrial hemp due to similarity between industrial hemp and medical/narcotic type of Cannabis, many nations have legalized the production of industrial hemp in the last two decades. France, Canada, South Korea and China are major producers of industrial hemp.
Hemp is considered to offer several nutritional and medicinal benefits. The hemp seed - raw, cooked, or pressed into oil - has been recognized as a primitive source of fibre, fat, and protein, with high nutritive value. Properties of hemp have been employed in treatment and prevention of diseases and ailments for a long time in traditional oriental medicine. In recent times, there has been growing interest in the potential use of industrial hemp in nutraceuticals and food.
Hemp seed and its derivatives have become increasingly popular and been put to several uses. Hemp seeds are high in nutritional value and pharmacological properties. Hemp seed products have been included in pharmaceuticals, foods and beverages, alternative protein sources, and nutritional supplements.
Hemp seed is associated with multiple health benefits and potential therapies. For example, hemp seed carries an appropriate ratio of omega-6 to omega-3 PUFA, which may enhance cardiovascular health, decrease symptoms of osteoporosis, and lessen conditions associated with eczema. Cannabidiol (CBD) exhibits pharmacological properties, making it a potential therapeutic agent for diseases of the central nervous system, like epilepsy, neurodegenerative diseases, and multiple sclerosis.
Consumption of hemp seed oil has been shown to exhibit positive changes in the serum lipid profile.
Phyto-, endo-, and synthetic cannabinoids exhibit properties that have been suggested to aid in the treatment of cancer related to the prostate, breast, brain, skin, colon, and pancreas.
Hemp seed oil has been traditionally employed to relieve chronic knee pain in patients with rheumatoid arthritis and improve blood circulation.
Concentrated CBD from hemp has exhibited anxiolytic or antianxiety characteristics, suggesting its use in anxiety-related disorders.
Consumers today are becoming increasingly concerned about their health and seriously consider how their diet affects their health and wellbeing. Hemp seed oil has, in recent years, gained prominence as a substance that provides cooking and alimentary services, as well as medicinal and nutraceutical potential. Hemp seed oil is consumed as a natural health product for body care, as oil for salad dressings, or as a dietary supplement. Hemp Seed has been used in milled form as a source of vegetable protein and dietary fibre; it has come to be incorporated into energy bars, flavoured yogurt, baked goods, and other food products. Recent years have witnessed increasing consumer awareness of hemp products and their benefits. This rise in consumer awareness is expected to drive the market.
Hemp breeding has been taken up by several universities and breeding centres across North America and Europe to develop high-yielding varieties for fibre and oil seed production.
By form, the market is segmented into:
By application, the market is divided into:
By region, the market is classified into:
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Hemp Seeds Market Analysis
8.1 Key Industry Highlights
8.2 Global Hemp Seeds Historical Market (2017-2021)
8.3 Global Hemp Seeds Market Forecast (2022-2027)
8.4 Global Hemp Seeds Market by Form
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.3 Seed Oil
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.4 Protein Powder
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global Hemp Seeds Market by Application
8.5.1 Food and Beverage
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.5.2 Personal Care Products
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5.3 Industrial Products
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.6 Global Hemp Seeds Market by Region
8.6.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Manitoba Harvest
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.2 Hemp Oil Canada Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.3 Canah International
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.4 Hempflax BV
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.5 BAFA neu GmbH
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.6 Liaoning Qiaopai Biotech Co., Ltd.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.7 North American Hemp & Grain Co.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12 Industry Events and Developments
List of Figures and Tables
1. Global Hemp Seeds Market: Key Industry Highlights, 2017 and 2027
2. Global Hemp Seeds Historical Market: Breakup by Form (USD Million), 2017-2021
3. Global Hemp Seeds Market Forecast: Breakup by Form (USD Million), 2022-2027
4. Global Hemp Seeds Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Hemp Seeds Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Hemp Seeds Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Hemp Seeds Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Hemp Seeds Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Hemp Seeds Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Hemp Seeds Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Hemp Seeds Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Hemp Seeds Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Hemp Seeds Market Structure
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