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The global hemp seeds market is expected to grow at a CAGR of 11.20% during the period 2024-2032. 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.
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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.
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By form, the market is segmented into:
By application, the market is divided into:
By region, the market is classified into:
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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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global hemp seeds market is projected to grow at a CAGR of 11.20% between 2024 and 2032.
The major drivers of the market include the growing health consciousness among consumers, applications in foods and beverages, and nutraceutical and pharmacological uses, increasing prevalence of different types of cancer, changing consumer inclination from high-calorie food items towards a protein-rich diet, and increasing demand for processed and ready-to-eat food products.
The increasing legitimacy being granted to industrial hemp cultivation by authorities and reported health and medicinal benefits of hemp seed and hemp seed oil are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various forms of hemp seeds in the market are whole, hulled, seed oil, and protein powder.
The significant applications include food and beverage, personal care products, and industrial products.
The major players in the industry are Manitoba Harvest, Hemp Oil Canada Inc., Canah International, Hempflax BV, BAFA neu GmbH, Liaoning Qiaopai Biotech Co., Ltd., and North American Hemp & Grain Co., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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