Global Hemp Seed Oil Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Conventional and Organic.

By Grade;

Food grade and Pharmaceutical grade.

By End Use;

Food & beverages, Nutraceuticals, Cosmetics & personal care, Pharmaceuticals, and Industrial products.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn960450791 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Hemp Seed Oil Market (USD Million), 2020 - 2030

In the year 2023, the Global Hemp Seed Oil Market was valued at USD 164.18 million. The size of this market is expected to increase to USD 1,580.79 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 38.2%.

The global market for hemp seed oil is witnessing substantial growth, fueled by its recognized health benefits and nutritional value. With cannabidiol (CBD) known for its healing properties against conditions like anxiety and epilepsy, the awareness of hemp seed oil's health advantages is increasing. This surge in awareness is driving its incorporation into various products such as supplements, cooking oils, and sauces. Despite the challenges posed by the COVID-19 pandemic on other industries, the hemp seed oil market remained resilient, thanks to its perceived immune-boosting and infection-fighting properties.

Hemp seed oil stands out as a rich source of essential nutrients like vitamins B and C, omega-3 and omega-6 fatty acids, and amino acids, making it highly nutritious. Its consumption is on the rise due to its potential in mitigating various illnesses such as cardiovascular and Alzheimer's diseases, as well as addressing stress and skin-related issues. Responding to growing demand, manufacturers are diversifying their product offerings. For instance, CBII provides a range of products including gummies, oils, capsules, and balms, each tailored to specific health concerns like stress, sleep, and pain relief. This expansion in product variety is driving its adoption across a spectrum of industries including beauty and personal care, cosmetics, food and beverages, health and pharmaceuticals, and textiles, among others.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Grade
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Geography
  4. Global Hemp Seed Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health Benefits
        2. Immune-Boosting Properties
        3. Diverse Applications
        4. Increasing Consumer Awareness
      2. Restraints
        1. Regulatory Uncertainty
        2. Stigma and Misconceptions
        3. Limited Awareness
        4. Competition from Alternative Oils
      3. Opportunities
        1. Diverse Applications Across Industries
        2. Emerging Markets and Untapped Demographics
        3. Technological Advancements in Extraction and Processing
        4. Strategic Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hemp Seed Oil Market, By Product Type, 2022 - 2032 (USD Million)
      1. Conventional
      2. Organic
    2. Global Hemp Seed Oil Market, By Grade, 2022 - 2032 (USD Million)
      1. Food gradeFood grade
      2. Pharmaceutical grade
    3. Global Hemp Seed Oil Market, By End Use, 2022 - 2032 (USD Million)
      1. Food & beverages
      2. Nutraceuticals
      3. Cosmetics & personal care
      4. Pharmaceuticals
      5. Industrial products
    4. Global Hemp Seed Oil Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nutiva Inc.

      2. Canopy Growth Corporation

      3. Connolis LLC

      4. Maverik oils

      5. NP Nutra

      6. Hemp oil

      7. Agropro

      8. Canah International SRL

      9. Z- Company

      10. Ecofiber Limited

      11. Seeds Hemp Farm

      12. Elixinol Global Limited

      13. BOHECO

  7. Analyst Views
  8. Future Outlook of the Market

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