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Global Industrial Hemp Market: By Source: Conventional, Organic; By Product Type: Hemp Seed, Hemp Fibre, Hemp Seed Oil, CBD Seed Oil; By Application: Food and Beverages, Personal Care, Animal Care, Pharmaceuticals; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Industrial Hemp Market Outlook

The global industrial hemp market reached a value of about USD 5 billion in 2019. The market is further expected to grow at a healthy rate in the forecast period of 2020-2025 to attain a value of approximately USD 24 billion by 2025.

The market is being driven by the rising demand from the textile industry. The product is cultivated to be used in the production of food and beverage, and non-food based products, without the use of toxic chemicals, fertilizers, and pesticides. In addition to this, the product is a renewable and environmentally efficient raw material for the production of materials, such as plastic, paper, and fuel.

The Asia Pacific is one of the fastest-growing regions for this industry and is expected to witness increased growth in the forecast period. The regional market is expected to witness a growth due to the ease of access to the raw materials and rising global demand for hemp from Asia.

 

Industrial Hemp Market

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Properties and Applications

Industrial hemp is the stalk, oil, seeds, and leaves of a variety of the cannabis sativa plant. The product is used to make industrial items, such as building materials, paper products, textiles, personal care items, health supplements, and much more.

Based on the source, the market is bifurcated into conventional and organic.

On the basis of product type, the industry is divided into:

  • Hemp Seed
  • Hemp Fibre
  • Hemp Seed Oil
  • CBD Seed Oil

By application, the industry is categorised into:

  • Food and Beverages
  • Personal Care
  • Animal Care
  • Pharmaceuticals
  • Textiles
  • Construction Materials
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Industrial Hemp Market by Application

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Market Analysis

The global industrial hemp market is driven by the growing health and wellness sector. The market is accelerating owing to the extensive use of the product in various industries, such as textile, paper, food and beverage, personal care, construction, furniture, and automobile. The increasing geriatric population and rising skin diseases caused by the increased UV light exposure across the world are giving rise to the demand for personal care products, especially products with organic ingredients. Thus, the rising demand for organic personal care products is aiding the market growth. The rising use of the product as a textile yarn and as an alternative to cotton and synthetic fibres is further bolstering the market growth. In the coming years, the market is expected to be aided by the rising environmental awareness, changing government policies in several countries, and the increasing demand for the product.

 

Industrial Hemp Market by Region

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Competitive Landscape

The report gives a detailed analysis of the following key players in the global industrial hemp market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Manitoba Harvest Hemp Foods
  • Hemp Inc.
  • Hemp Oil Canada Inc.
  • HempFlax Group B.V.
  • Hemp Production Services
  • Terra Tech Corp.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Industrial Hemp Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Industrial Hemp Historical Market (2015-2019) 
    8.3    Global Industrial Hemp Market Forecast (2020-2025)
    8.4    Global Industrial Hemp Market by Source
        8.4.1    Conventional
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Organic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Industrial Hemp Market by Product Type
        8.5.1    Hemp Seed
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Hemp Fibre
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Hemp Seed Oil
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    CBD Seed Oil
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
    8.6    Global Industrial Hemp Market by Application
        8.6.1    Food and Beverages
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Personal Care
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Animal Care
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Pharmaceuticals
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Textiles
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2015-2019)
            8.6.5.3    Forecast Trend (2020-2025)
        8.6.6    Construction Materials
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2015-2019)
            8.6.6.3    Forecast Trend (2020-2025)
        8.6.7    Others
    8.7    Global Industrial Hemp Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code: 5302)

    12.1    Major Exporting Countries:
        12.1.1     By Value 
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1     By Value
        12.2.2     By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players 
    14.3    Company Profiles
        14.3.1    Manitoba Harvest Hemp Foods
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    Hemp Inc.
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications
        14.3.3    Hemp Oil Canada Inc.
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications
        14.3.4    HempFlax Group B.V.
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Certifications
        14.3.5    Hemp Production Services
            14.3.5.1    Company Overview
            14.3.5.2    Product Portfolio
            14.3.5.3    Demographic Reach and Achievements
            14.3.5.4    Certifications
        14.3.6     Terra Tech Corp.
            14.3.6.1    Company Overview
            14.3.6.2    Product Portfolio
            14.3.6.3    Demographic Reach and Achievements
            14.3.6.4    Certifications
        14.3.7    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    Global Industrial Hemp Market: Key Industry Highlights, 2015 and 2025
2.    Global Industrial Hemp Historical Market: Breakup by Source (USD Billion), 2015-2019
3.    Global Industrial Hemp Market Forecast: Breakup by Source (USD Billion), 2020-2025
4.    Global Industrial Hemp Historical Market: Breakup by Product Type (USD Billion), 2015-2019
5.    Global Industrial Hemp Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
6.    Global Industrial Hemp Historical Market: Breakup by Application (USD Billion), 2015-2019
7.    Global Industrial Hemp Market Forecast: Breakup by Application (USD Billion), 2020-2025
8.    Global Industrial Hemp Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Industrial Hemp Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Major Importing Countries by Volume (2019)
21.    Major Exporting Countries by Volume (2019)
22.    Major Importing Countries by Value (2019)
23.    Major Exporting Countries by Value (2019)
24.    North America Historical Price Trends and Forecast 2015-2025
25.    Europe Historical Price Trends and Forecast 2015-2025
26.    Asia Pacific Historical Price Trends and Forecast 2015-2025
27.    Latin America Historical Price Trends and Forecast 2015-2025
28.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
29.    Global Industrial Hemp Market Structure

Key Questions Answered in the Report

In 2019, the global industrial hemp market attained a value of nearly USD 5 billion.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 24 billion by 2025.

The major drivers of the industry, such as the rising demand from the textile industry, the increasing health and wellness sector, and the growing demand for organic personal care products are expected to aid the market growth.

The key market trends guiding the growth of the industrial hemp market include the rising eco-consciousness, growing product awareness, changing government policies in several countries, and the increasing demand for hemp-based products.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major sources of industrial hemp in the industry are conventional and organic.

The leading product types in the industry are hemp seed, fibre, and seed oil, along with CBD seed oil.

The significant application segments within the industry are food and beverages, personal care, animal care, pharmaceuticals, textiles, and construction materials, among others.

The major players in the industry are Manitoba Harvest Hemp Foods, Hemp Inc., Hemp Oil Canada Inc., HempFlax Group B.V., Hemp Production Services, and Terra Tech Corp., among others.

Analyst Review

The global industrial hemp market attained a value of USD 5 billion in 2019, driven by the rising demand from the textile industry. Aided by the rising product awareness, the market is expected to witness a further growth in the forecast period of 2020-2025. The industrial hemp market is projected to reach USD 24 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the industry can be bifurcated into conventional and organic. On the basis of product types, the industry is divided into hemp seed, fibre, and seed oil, along with CBD seed oil. On the basis of applications, the industry is categorised into food and beverages, personal care, animal care, pharmaceuticals, textiles, construction materials, and others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Manitoba Harvest Hemp Foods, Hemp Inc., Hemp Oil Canada Inc., HempFlax Group B.V., Hemp Production Services, Terra Tech Corp., and 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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