Hemp Seeds Market: Global Industry Analysis and Forecast (2024-2030)

Hemp Seeds Market size was valued at US$ 1058.47 Million in 2023 and the total Hemp Seeds revenue is expected to grow at 10.5% through 2024 to 2030, reaching nearly US$ 2129.20 Million.
Hemp Seeds Market Overview:
Industrial Hemp, otherwise known as Cannabis Sativa cultivated particularly for industrial and medicinal applications. It is used to make different food and medicinal products. It is converted into different types of commercial products, such as rope making, textile manufacturing, clothing industry ingredient, food, and animal feed, etc. Hemp seeds are mostly eaten raw, converted into hemp meal, or used in the form of dried sprout powder. The market are used to make a slurry in baking or drinks, like hemp milk. Hemp oil is obtained from the seed and it has many health benefits.To know about the Research Methodology :- Request Free Sample Report

The hemp seeds market's growth reasons, as well as the market's many segments, are discussed. Data has been given by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the hemp seeds market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the hemp seeds market condition.
Hemp Seeds Market Dynamics:
A major driver in the hemp seeds market is the fundamental properties of hemp seeds and oil and their growing use in daily food intake. Hemp seeds are rich in tetrahydrocannabinol, vitamin D, E, Vitamin B1, B2. These are also very rich as a source of protein. Furthermore, they have low saturated fats and zero trans-fat levels. These factors are projected to influence the global market in the forecast period (2024-2030).

A major restraint in the hemp seeds market is the complicated regulatory guidelines in place for their global trade. Different countries around the globe have different regulatory policies in policies in place for the trade of hemp seeds related to its sales and manufacturing. This makes it difficult for stakeholders and key players to adhere to the policies in place. This is expected to restrain the market growth in the aforementioned forecast period.

A key opportunity in the hemp seeds market is the development of new products. E.g. biofuel. It can also be used in the making of ethanol instead of using traditional ingredients like corn, wheat, etc. This is projected to increase the overall efficiency of food production. These factors provide a chance for lucrative growth in the global market in the same forecast period.
Hemp Seeds Market Segment Analysis:
By Form, the whole hemp seed segment dominated the hemp seed market in the year 2023. This can be attributed to their stable nature and oxidation stability. Also, whole hemp seed is an excellent source of fibers that aid digestion. All in all, their rich nutritional profile is expected to propel the growth of this segment in the forecast period (2024-2030).

The hemp seed oil segment is projected to grow at the highest CAGR of 4.9% during the forecast period. This can be correlated with numerous health benefits it offers. Hemp seeds contain three types of polyunsaturated fatty acids i.e. linoleic, alpha-linoleic, and gamma-linoleic fatty acids. A dermatology study confirmed that these help in the improvement of various skin conditions like atopic dermatitis. The medicinal properties of hemp seeds also help to alleviate blood pressure levels and heart diseases. These factors are projected to drive the growth of this segment in the same forecast period.

By Application, the segments are Food and Beverage, Personal Care Products, Industrial Products, and Others. The food and beverage segment dominated the global market in the year 2023. This segment is projected to witness the highest growth in the aforementioned forecast period. This growth can be correlated with their high demand in the global nutrition market. These can be eaten raw or used in salads.

The personal care products segment is also projected to witness high growth in the same forecast period. This can be correlated with more and more beauty products manufacturers
turning to hemp seeds because of their dermatological benefits. The growth in the industrial segment is mainly related to the use of hemp oil as a biofuel alternative in the future.
Hemp Seeds Market Regional Insights:
The Asia-Pacific region dominated the hemp seeds market in the year 2023. The main reason behind this is China being the leading hemp seeds exporting country in the same year with over US$ 114 million worth of global imports. Another Asia-Pacific country that stood at the 9th position in terms of global hemp seeds export was India with over US$ 26.5 million worth of exports. South Korea led the Asia-pacific region in terms of global imports worth over US$ 57 million worth of imports.

The European region held the second largest hemp seed market share of xx% in the year 2023. This can be attributed to many European countries like Germany, Netherlands, Spain, Austria, France, Italy being one of the leading importers of hemp seeds in the region. Germany alone was responsible for over US$ 114 million worth of imports followed by the Netherlands with US$ 62 million worth of imports. Netherland was also responsible for being the leading exporter of hemp seeds in the European Region with US$ 70 million worth of exports followed by Austria with US$ 58 million worth of exports.

The United States was the largest importer of Hemp Seeds in the world in the year 2023 with US$ 170 million worth of imports. This can be attributed to the healthcare and cosmetics industry in the US making more investments to develop the dermatological applications of hemp seeds in healthcare and cosmetics products.

The objective of the report is to present a comprehensive analysis of the Hemp Seeds market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Hemp Seeds market dynamics, structure by analyzing the market segments and projecting the Hemp Seeds market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Hemp Seeds market make the report investor’s guide.
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Hemp Seeds Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1058.47 Million.


Forecast Period 2024 to 2030 CAGR:
10.5 %
Market Size in 2030:
US $ 2129.20 Million.


 Segments Covered:
by Form
Whole
Hulled
Seed Oil
Protein Powder


by Source
Conventional
Organic


by Packaging type
Pouches
Jars
Tins
Others


by Distribution channel
Direct
Indirect
Online
Modern trade format
Convenience stores
Departmental stores
Retails
Others


by Application
Food and Beverage
Personal Care Products
Industrial Products
Other



Hemp Seeds Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Hemp Seeds Market Key Players
1. Manitoba
2. Green Source Organics
3. Harvest Hemp Foods
4. North American Hemp and Gain Co.
5. GFR Ingredients
6. Canah International
7. Yunnan HuaFang Industrial Hemp Co. Ltd.
8. Hempflax BV
9. BAFA neu GmbH
10. Liaoning Qiaopai Biotech Co., Ltd.
11. Naturally Splendid Enterprises Ltd.
12. Jinzhou Qiaopai Biotech
13. GIGO Food
14. Agropro
15. Yishutang
16. Deep Nature Project
FAQs:
1. Which region has the largest share in Global Market?
Ans: Asia Pacific region holds the highest share in 2023.

2. What is the growth rate of Global Market?
Ans: The Global  Market is growing at a CAGR of 10.5% during forecasting period 2024-2030.

3. What is scope of the Global  market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global  market?
Ans: The important key players in the Global Market are – Manitoba, Green Source Organics, Harvest Hemp Foods, North American Hemp and Gain Co., GFR Ingredients, Canah International, Yunnan HuaFang Industrial Hemp Co. Ltd., Hempflax BV, BAFA neu GmbH, Liaoning Qiaopai Biotech Co., Ltd., Naturally Splendid Enterprises Ltd., Jinzhou Qiaopai Biotech, GIGO Food, Agropro, Yishutang, and Deep Nature Project

5. What is the study period of this market?
Ans: The Global  Market is studied from 2023 to 2030.