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 Product Type, Forms, Application, and Geography.

Global Hemp Seed Market, Segmentation by Product Type

The Global Hemp Seed Market has been segmented by Product Type into Medicinal, Auto Flowering, Feminized, Regular, and Others.

The global hemp seed market is primarily segmented by product type, with each category catering to different consumer needs and applications. Medicinal hemp seeds are highly sought after for their therapeutic properties, particularly for the production of CBD (cannabidiol) products. These seeds are cultivated for their high cannabinoid content, which plays a significant role in medical and wellness industries. The demand for medicinal hemp seeds is expected to grow steadily as more research supports their health benefits, including pain relief, anxiety reduction, and anti-inflammatory effects.

Auto-flowering hemp seeds are another important product category in the market. These seeds are genetically modified to bloom automatically after a specific period, regardless of the light cycle, making them ideal for novice growers and regions with shorter growing seasons. Auto-flowering varieties are valued for their convenience and efficiency, as they require less attention and produce faster harvests. This type of hemp seed appeals to both small-scale and commercial growers who are looking for higher yields in a shorter time frame.

Feminized hemp seeds are specifically bred to produce female plants, which are preferred for their higher cannabinoid content and increased production of flowers. These seeds are in high demand among cultivators focused on producing CBD products, as female plants have the highest concentrations of cannabinoids. Regular hemp seeds, on the other hand, produce both male and female plants, and while they are less commonly used for cannabinoid production, they remain popular for hemp fiber and seed production. Additionally, the market includes other varieties of hemp seeds that cater to specific agricultural practices or regional preferences. These diverse categories help drive the global hemp seed market's growth as different segments meet the needs of various industries and consumer bases.

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.

The global hemp seed market is primarily segmented based on the different forms in which hemp seeds are available. The whole hemp seed segment consists of unprocessed seeds, retaining their outer shell. These seeds are packed with essential nutrients like fiber, healthy fats, and proteins, making them a popular choice for direct consumption or use in various food products. The whole hemp seed is widely used in snack foods, granolas, and other health-conscious products due to its versatility and nutritional value.

The hulled hemp seed segment refers to the de-shelled version of the seed, also known as hemp hearts. By removing the outer shell, hulled seeds are easier to digest and provide a more concentrated source of proteins, healthy fats, and vitamins. This form is commonly used as an ingredient in smoothies, protein bars, and various health supplements. Its mild, nutty flavor adds to its appeal among consumers seeking to incorporate more plant-based proteins into their diets.

Seed oil is another significant segment in the hemp seed market. This oil, extracted from hemp seeds, is rich in omega fatty acids, making it an ideal ingredient in skin care products, supplements, and as a culinary oil. Hemp seed oil is valued for its anti-inflammatory and moisturizing properties, and its popularity has risen due to increasing consumer awareness of the health benefits it offers. The protein powder segment, made from hemp seeds, is a plant-based protein source often used in shakes, smoothies, and meal replacements, catering to vegan and health-conscious consumers. This form of hemp seed has gained traction due to its high protein content and ease of incorporation into various food and beverage products.

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.

The Global Hemp Seed Market is broadly categorized by application into several segments, each serving a distinct purpose across industries. The food and beverage segment holds a significant share of the market, driven by the increasing awareness of the nutritional benefits of hemp seeds. Hemp seeds are rich in protein, omega fatty acids, and other essential nutrients, which has made them a popular ingredient in health-conscious food products, including smoothies, protein bars, and snacks. This trend is expected to continue, as more consumers seek plant-based, nutritious alternatives.

The personal care products segment is another growing application area for hemp seeds. Hemp seed oil is known for its moisturizing and anti-inflammatory properties, which makes it a sought-after ingredient in skincare and cosmetic products. It is commonly used in lotions, creams, shampoos, and soaps, particularly in the natural and organic product market. The rising demand for natural beauty and skincare products is expected to propel the growth of this segment, as hemp-based personal care solutions are seen as both eco-friendly and effective.

Hemp seeds also play an important role in the industrial products sector, where they are utilized in textiles, bioplastics, and other eco-friendly materials. Hemp fibers are strong, durable, and sustainable, making them an ideal choice for manufacturers seeking to reduce their environmental footprint. As industries focus more on sustainability and renewable resources, the demand for hemp in industrial applications is likely to rise. Additionally, the "others" category includes niche applications such as animal feed, supplements, and various specialized products, contributing to the overall growth of the hemp seed market.

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 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 legalization of industrial hemp has become a significant driver for the growth of the global hemp seed market. As more countries and regions ease or lift restrictions on hemp cultivation, there is a surge in demand for hemp-based products, including hemp seeds. Hemp, being a versatile plant, can be used in various industries, from food and beverage to textiles and construction. This increased acceptance and regulation allow farmers to cultivate hemp more freely, leading to a steady supply of hemp seeds. As legal frameworks for hemp farming improve, it fosters an environment for innovation and expansion within the hemp seed market.

  As industrial hemp gains legal status in multiple countries, the market for hemp seeds experiences a rise in both production and consumption. Hemp seeds are highly valued for their nutritional benefits, offering a rich source of protein, essential fatty acids, and other nutrients. The food and health sectors are key drivers for the market as consumers increasingly turn to plant-based products. Legalization allows for larger-scale production and greater visibility in the marketplace, providing consumers with more access to hemp seed-based food products, supplements, and other wellness items. This in turn encourages more investment and research into hemp seed applications.

  The evolving legal landscape also encourages international trade and the expansion of the hemp seed market beyond traditional hemp-growing regions. Countries like the United States, Canada, and the European Union are leading the way in creating policies that regulate hemp cultivation for industrial use, offering new opportunities for farmers and businesses alike. With the removal of legal barriers, the hemp seed market is poised to become more globalized, supporting the development of a robust international supply chain and facilitating the growth of new market segments. The overall trend toward legalization enhances consumer confidence and stimulates market demand for industrial hemp and its by-products.

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