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

The global hemp seed market is segmented by forms and applications, offering a diverse range of products and applications across various industries. In terms of forms, hemp seeds are available in four main categories: Whole, Hulled, Seed Oil, and Protein Powder. Each form offers unique nutritional benefits and versatility for use in different applications. Whole hemp seeds provide a crunchy texture and are often used as a topping or ingredient in various dishes. Hulled hemp seeds, also known as hemp hearts, are shelled seeds that are rich in protein, healthy fats, and vitamins, making them suitable for snacking or incorporating into recipes. Hemp seed oil is extracted from hemp seeds and is widely used in cooking, skincare, and dietary supplements due to its high omega-3 and omega-6 fatty acid content. Hemp protein powder is derived from hemp seeds and is a popular plant-based protein source used in smoothies, protein shakes, and baked goods. In terms of applications, hemp seeds find use across various industries including Food & Beverage, Personal Care Products, Industrial Products, and Others. In the food and beverage industry, hemp seeds are utilized in a wide range of products such as snacks, bakery items, beverages, and condiments due to their nutritional value and versatility. In the personal care products industry, hemp seed oil is used in skincare, haircare, and cosmetics for its moisturizing and nourishing properties. In the industrial products sector, hemp fibers are used in textiles, construction materials, and automotive parts due to their strength and durability. Additionally, hemp seeds are also used in other applications such as animal feed, biofuels, and paper production. the global hemp seed market offers a wide range of products and applications, catering to diverse consumer preferences and industry needs. With increasing awareness of the nutritional benefits and sustainability of hemp seeds, the market is expected to continue growing, driven by innovation and expanding applications across various sectors.

Global Hemp Seed Segment Analysis

In this report, the Global Hemp Seed Market has been segmented by Forms, Application, and Geography.

Global Hemp Seed Market, Segmentation by Forms

The Global Hemp Seed Market has been segmented by Forms into Whole, Hulled, Seed Oil, and Protein Powder.

Each form offers distinct characteristics and applications, catering to diverse consumer preferences and industry needs. Whole hemp seeds are unprocessed seeds that retain their outer shell, providing a crunchy texture and nutty flavor. They are commonly used as a topping for salads, yogurt, and oatmeal, or as an ingredient in baked goods and granola bars. Hulled hemp seeds, also known as hemp hearts, are seeds with their outer shell removed, leaving behind a soft and creamy texture. They are rich in protein, healthy fats, and essential nutrients, making them a popular choice for snacking or adding to smoothies, cereal, and salads. Hemp seed oil is extracted from hemp seeds and is valued for its high content of omega-3 and omega-6 fatty acids, vitamins, and antioxidants. It is widely used in cooking, salad dressings, and dips, as well as in skincare products for its moisturizing and nourishing properties. Hemp protein powder is made from finely ground hemp seeds and is a rich source of plant-based protein, fiber, and essential amino acids. It is commonly used as a dietary supplement or added to smoothies, protein shakes, and baked goods to boost their nutritional content.

Global Hemp Seed Market, Segmentation by Application

The Global Hemp Seed Market has been segmented by Application into Food & Beverage, Personal Care Products, Industrial Products, and Others.

In the Food & Beverage sector, hemp seeds are utilized in various products such as snacks, bakery items, beverages, and condiments due to their nutritional value and versatility. They are rich in protein, healthy fats, vitamins, and minerals, making them a popular choice for health-conscious consumers seeking natural and nutritious ingredients. Personal Care Products industry utilizes hemp seed oil for its moisturizing and nourishing properties in skincare, haircare, and cosmetic products. Hemp seed oil is known for its ability to hydrate and soothe the skin, making it an ideal ingredient in lotions, creams, serums, and shampoos. Industrial Products sector utilizes hemp fibers for various applications such as textiles, construction materials, automotive parts, and biofuels. Hemp fibers are known for their strength, durability, and eco-friendly properties, making them a sustainable alternative to traditional materials in industries seeking to reduce their environmental footprint. The Others category encompasses additional applications of hemp seeds such as animal feed, biofuels, paper production, and nutraceuticals. Hemp seeds are valued for their versatility and can be used in a wide range of products and industries, contributing to the market's growth and expansion.

Global Hemp Seed Market, Segmentation by Geography

In this report, the Global Hemp Seed Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Hemp Seed Market Share (%), by Geographical Region, 2023

The processed food sector, particularly in Europe, is experiencing significant growth in the consumption of hemp seeds. This trend is driven by the increasing incorporation of hemp seeds into various food products such as smoothies, yogurt, and cereal bars. Countries like the Netherlands, Italy, Germany, and the U.K. are leading this consumption trend, contributing to Europe's forecasted compound annual growth rate (CAGR) of 12.01% during 2020-2027. Currently, Asia Pacific holds the largest market share for hemp seeds globally, accounting for 33.6% of the market. This dominance is attributed to high consumption rates in countries like China, Japan, Australia, and India. Furthermore, the region's growing market for personal care products and the legalization of industrial hemp in food supplements are additional drivers of market growth. In North America, the U.S. and Canada are driving the growth of the hemp seed market, both in consumption and production. The 2018 U.S. farm bill has played a pivotal role in this growth by legalizing the use of hulled seeds, seed protein powder, and seed oil in the U.S. food supply. These regulatory changes have facilitated the expansion of the hemp seed market in North America, further bolstering its position in the global market.

This report provides an in depth analysis of various factors that impact the dynamics of Global Hemp Seed Market. These factors include; Market Drivers, Restraints, and Opportunities Analysis.

Drivers, Restraints, and Opportunity Analysis

Drivers

• Environmental Sustainability
• Nutritional Benefits
• Increasing Consumer Awareness

• Increase in the legalization of industrial hemp - The global hemp seed market is experiencing growth opportunities driven by the increasing legalization of industrial hemp cultivation worldwide. As more countries legalize the cultivation of hemp for industrial purposes, there is a significant expansion in the supply of hemp seeds. This expansion opens up new avenues for the hemp seed market, allowing for increased production and distribution of hemp seeds for various applications. Industries such as food, beverages, cosmetics, pharmaceuticals, textiles, and biofuels benefit from this trend, as hemp seeds serve as a valuable and versatile ingredient. The growing acceptance of industrial hemp cultivation presents promising opportunities for market growth and innovation in the global hemp seed market.

Restraints

• Stigma and Misconceptions
• Supply Chain Issues
• Competition from Alternative Protein Sources

• Complex regulatory structure for the usage of industrial hemp - The global hemp seed market faces challenges due to the complex regulatory structure surrounding the usage of industrial hemp. Regulations vary significantly from country to country, creating a fragmented regulatory landscape that complicates market access and expansion. In some regions, hemp cultivation and the use of hemp-derived products are tightly regulated or even prohibited, while in others, there may be more lenient regulations or ongoing changes in legislation. This regulatory complexity poses barriers to market growth and hinders the development of a cohesive global hemp seed market.

  
  Companies operating in the industry must navigate a maze of regulations, compliance requirements, and legal uncertainties, which can increase operational costs, limit market reach, and hinder innovation and investment. Despite these challenges, the global hemp seed market continues to grow, driven by increasing consumer demand for nutritious and sustainable products. To capitalize on the market's potential, stakeholders must work towards harmonizing regulations, advocating for clearer and more consistent policies, and engaging with regulators to address concerns and promote responsible hemp cultivation and usage practices. By addressing regulatory challenges and fostering a more supportive regulatory environment, the global hemp seed market can unlock its full potential, driving growth, innovation, and market expansion while ensuring compliance with applicable laws and regulations.

Opportunities

• Expanding Legalization of Hemp Cultivation
• Rising Demand for Nutritious and Sustainable Foods
• Increasing Application in Health and Wellness Products

• Innovative product development from industrial hemp - Innovative product development from industrial hemp is driving growth in the global hemp seed market. With advancements in technology and increasing consumer demand for sustainable and versatile products, hemp is being utilized in various innovative applications. From food and beverages to textiles and construction materials, industrial hemp offers a wide range of possibilities for product development. Companies are exploring innovative ways to incorporate hemp seeds into food products, capitalizing on their nutritional richness and health benefits.

  
  hemp fibers are being used in textiles and clothing, offering a sustainable alternative to traditional materials. hemp-based materials are gaining traction in the construction and manufacturing industries for their durability and eco-friendliness. Hempcrete, a mixture of hemp fibers and lime, is being used as a sustainable building material, contributing to the growth of the green construction sector. Innovative product development from industrial hemp is driving expansion in the global hemp seed market by unlocking new opportunities in various industries. As technology advances and consumer preferences evolve, the market for hemp-based products is expected to continue growing, offering exciting prospects for manufacturers and consumers alike.

Key players in the Global Hemp Seed Market include :

• Green Thumb Industries Inc.
• CBD Capital Ltd.
• Curaleaf Holdings Inc.
• Parkland Industrial Hemp Growers Cooperative Ltd.
• Marijuana Company of America Inc.
• HempMeds Brasil
• Terra Tech Corp
• American Cannabis Company Inc.
• HempFlax B.V
• Industrial Hemp Manufacturing
• American Hemp
• Hemp Inc.
• Boring Hemp Company
• Plains Industrial Hemp Processing Ltd.
• Ecofiber Industries Operations

• Valley Bio Limited

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis