Hemp Seeds Market: Global Industry Analysis and Forecast (2023-2029)

Hemp Seeds Market size was valued at US$ 957.9 Million in 2022 and the total Hemp Seeds revenue is expected to grow at 10.5% through 2023 to 2029, reaching nearly US$ 1926.9 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.Hemp Seeds MarketTo 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 (2022-2029). 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 2022. 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 (2022-2029). 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 2022. 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 2022. 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 2022. 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 2022 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.

Hemp Seeds Market Scope: Inquire before buying

Hemp Seeds Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 957.9 Million.
Forecast Period 2023 to 2029 CAGR: 10.5 % Market Size in 2029: US $ 1926.9 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 2022. 2. What is the growth rate of Global Market? Ans: The Global  Market is growing at a CAGR of 10.5% during forecasting period 2023-2029. 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 2022 to 2029.
1. Global Hemp Seeds Market: Research Methodology 2. Global Hemp Seeds Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Hemp Seeds Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Hemp Seeds Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Hemp Seeds Market Segmentation 4.1 Global Hemp Seeds Market, by Form (2022-2029) • Whole • Hulled • Seed Oil • Protein Powder 4.2 Global Hemp Seeds Market, by Source (2022-2029) • Conventional  • Organic 4.3 Global Hemp Seeds Market, by Packaging type (2022-2029) • Pouches • Jars • Tins • Others 4.4 Global Hemp Seeds Market, by Distribution channel (2022-2029) • Direct • Indirect • Online • Modern trade format • Convenience stores • Departmental stores • Retails • Others 4.5 Global Hemp Seeds Market, by Application (2022-2029) • Food and Beverage • Personal Care Products • Industrial Products • Other 5. North America Hemp Seeds Market(2022-2029) 5.1 North America Hemp Seeds Market, by Form (2022-2029) • Whole • Hulled • Seed Oil • Protein Powder 5.2 North America Hemp Seeds Market, by Source (2022-2029) • Conventional  • Organic 5.3 North America Hemp Seeds Market, by Packaging type (2022-2029) • Pouches • Jars • Tins • Others 5.4 North America Hemp Seeds Market, by Distribution channel (2022-2029) • Direct • Indirect • Online • Modern trade format • Convenience stores • Departmental stores • Retails • Others 5.5 North America Hemp Seeds Market, by Application (2022-2029) • Food and Beverage • Personal Care Products • Industrial Products • Other 5.6 North America Hemp Seeds Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Hemp Seeds Market (2022-2029) 6.1. European Hemp Seeds Market, by Form (2022-2029) 6.2. European Hemp Seeds Market, by Source (2022-2029) 6.3. European Hemp Seeds Market, by Packaging type (2022-2029) 6.4. European Hemp Seeds Market, by Distribution channel (2022-2029) 6.5. European Hemp Seeds Market, by Application (2022-2029) 6.6. European Hemp Seeds Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Hemp Seeds Market (2022-2029) 7.1. Asia Pacific Hemp Seeds Market, by Form (2022-2029) 7.2. Asia Pacific Hemp Seeds Market, by Source (2022-2029) 7.3. Asia Pacific Hemp Seeds Market, by Packaging type (2022-2029) 7.4. Asia Pacific Hemp Seeds Market, by Distribution channel (2022-2029) 7.5. Asia Pacific Hemp Seeds Market, by Application (2022-2029) 7.6. Asia Pacific Hemp Seeds Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Hemp Seeds Market (2022-2029) 8.1 Middle East and Africa Hemp Seeds Market, by Form (2022-2029) 8.2. Middle East and Africa Hemp Seeds Market, by Source (2022-2029) 8.3. Middle East and Africa Hemp Seeds Market, by Packaging type (2022-2029) 8.4. Middle East and Africa Hemp Seeds Market, by Distribution channel (2022-2029) 8.5. Middle East and Africa Hemp Seeds Market, by Application (2022-2029) 8.6. Middle East and Africa Hemp Seeds Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Hemp Seeds Market (2022-2029) 9.1. South America Hemp Seeds Market, by Form (2022-2029) 9.2. South America Hemp Seeds Market, by Source (2022-2029) 9.3. South America Hemp Seeds Market, by Packaging type (2022-2029) 9.4. South America Hemp Seeds Market, by Distribution channel (2022-2029) 9.5. South America Hemp Seeds Market, by Application (2022-2029) 9.6. South America Hemp Seeds Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Manitoba 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Green Source Organics 10.3 Harvest Hemp Foods 10.4 North American Hemp and Gain Co. 10.5 GFR Ingredients 10.6 Canah International 10.7 Yunnan HuaFang Industrial Hemp Co. Ltd. 10.8 Hempflax BV 10.9 BAFA neu GmbH 10.10 Liaoning Qiaopai Biotech Co., Ltd. 10.11 Naturally Splendid Enterprises Ltd. 10.12 Jinzhou Qiaopai Biotech 10.13 GIGO Food 10.14 Agropro 10.15 Yishutang 10.16 Deep Nature Project
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