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Global Hemp Seeds Market Price, Size, Growth, Report: By Form: Whole, Hulled, Seed Oil, Protein Powder; By Application: Food and Beverage, Personal Care Products, Industrial Products; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Hemp Seeds Market Outlook
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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Global Market Likely to be Driven by Applications in Sectors Including Pharmaceuticals, Nutraceuticals, and Food and Beverage
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.
Pharmacological Properties and Nutritional Value of Hemp Seeds Likely to Boost Global Hemp Seeds Market
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.
Increasing Health Consciousness of Consumers Likely to Drive Global Hemp Seeds Market
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.
Market Segmentation
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By form, the market is segmented into:
- Whole
- Hulled
- Seed Oil
- Protein Powder
By application, the market is divided into:
- Food and Beverage
- Personal Care Products
- Industrial Products
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Hemp Seeds Market
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:
- Manitoba Harvest
- Hemp Oil Canada Inc.
- Canah International
- Hempflax BV
- BAFA neu GmbH
- Liaoning Qiaopai Biotech Co., Ltd.
- North American Hemp & Grain Co.
- Others
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hemp Seeds Market Analysis
8.1 Key Industry Highlights
8.2 Global Hemp Seeds Historical Market (2018-2023)
8.3 Global Hemp Seeds Market Forecast (2024-2032)
8.4 Global Hemp Seeds Market by Form
8.4.1 Whole
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hulled
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Seed Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Protein Powder
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Hemp Seeds Market by Application
8.5.1 Food and Beverage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Personal Care Products
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial Products
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Hemp Seeds Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Hemp Seeds Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hemp Seeds Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hemp Seeds Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hemp Seeds Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hemp Seeds Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Manitoba Harvest
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hemp Oil Canada Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Canah International
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hempflax BV
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BAFA neu GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Liaoning Qiaopai Biotech Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 North American Hemp & Grain Co.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Hemp Seeds Market: Key Industry Highlights, 2018 and 2032
2. Global Hemp Seeds Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Hemp Seeds Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Hemp Seeds Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Hemp Seeds Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Hemp Seeds Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Hemp Seeds Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Hemp Seeds Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Hemp Seeds Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Hemp Seeds Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Hemp Seeds Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Hemp Seeds Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Hemp Seeds Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Hemp Seeds Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global hemp seeds market was driven by the increasing legitimacy being granted to industrial hemp cultivation by authorities in the historical period. Aided by the growing health consciousness among consumers and reported health and medicinal benefits of hemp seed and hemp seed oil, the market is expected to further grow at a CAGR of 11.20% in the forecast period of 2024-2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 regional markets for hemp seeds are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 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.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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