Hemp Seed Oil Market
By Nature;
Organic and ConventionalBy Type;
Cold-Pressed and RefinedBy Distribution Channel;
B2B and B2C [Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online and Others]By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Introduction
Hemp Seed Oil Market (USD Million), 2021 - 2031
In the year 2024, the Hemp Seed Oil Market was valued at USD 226.89 million. The size of this market is expected to increase to USD 2,184.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 38.2%.
Hemp Seed Oil Market
*Market size in USD million
CAGR 38.2 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 38.2 % |
Market Size (2024) | USD 226.89 Million |
Market Size (2031) | USD 2,184.65 Million |
Market Concentration | Low |
Report Pages | 350 |
Major Players
- Nutiva Inc.
- Canopy Growth Corporation
- Connolis LLC
- Maverik oils
- NP Nutra
- Hemp oil
- Agropro
- Canah International SRL
- Z- Company
- Ecofiber Limited
- 13 Seeds Hemp Farm
- Elixinol Global Limited
- BOHECO
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Hemp Seed Oil Market
Fragmented - Highly competitive market without dominant players
The 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.
Hemp Seed Oil Market Recent Developments
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In December 2023, IoT-enabled boiler control systems were implemented across large-scale manufacturing facilities in North America, significantly improving operational efficiency and streamlining industrial processes.
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In August 2023, numerous brands began integrating hemp seed oil into their cosmetics and skincare formulations thanks to its rich content of essential fatty acids and exceptional moisturizing properties. This expansion reflects growing consumer demand for natural, hydrating, and multifunctional beauty products that support skin health.
Hemp Seed Oil Market Segment Analysis
The Hemp Seed Oil Market has been segmented by Nature, Type, Distribution Channel and Geography.
Hemp Seed Oil Market, Segmentation by Nature
The nature segmentation includes Organic and Conventional. Consumer demand is increasingly shifting toward organic and chemical-free oils owing to growing emphasis on sustainability, purity, and wellness-focused lifestyles.
Organic
Organic hemp seed oil is produced using non-GMO, pesticide-free hemp seeds and is rich in omega fatty acids, antioxidants, and plant proteins. Its use is rapidly increasing in nutraceuticals, skincare formulations, and functional foods. The segment’s growth is supported by rising certified organic product labeling and premium positioning.
Conventional
Conventional hemp seed oil remains dominant in terms of volume due to its affordability and wide availability. It is extensively used in industrial and food-grade applications where cost efficiency is prioritized over organic certification.
Hemp Seed Oil Market, Segmentation by Type
The type segmentation includes Cold-Pressed and Refined hemp seed oils. Extraction method significantly affects nutritional quality, taste profile, and application versatility across industries.
Cold-Pressed
Cold-Pressed hemp seed oil retains maximum nutritional content, flavor, and antioxidant potency. It is widely used in cosmetic, dietary, and wellness products. Increasing preference for minimally processed, high-purity oils drives segment growth, particularly in the organic product segment.
Refined
Refined hemp seed oil undergoes filtration and deodorization for extended shelf life and neutral color, making it ideal for mass-market and industrial uses. It is used in food manufacturing, skincare products, and lubricants where consistency and stability are critical.
Hemp Seed Oil Market, Segmentation by Distribution Channel
The distribution channel segmentation includes B2B and B2C channels, with B2C further segmented into Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online and Others. The expansion of e-commerce platforms and direct-to-consumer sales has revolutionized product accessibility across global markets.
B2B
B2B distribution encompasses sales to manufacturers of cosmetics, pharmaceuticals, and food processors. The segment is supported by growing integration of hemp seed oil into functional foods, personal care, and dietary supplements. Manufacturers prefer bulk procurement for cost efficiency and production scalability.
B2C
B2C distribution is expanding due to rising consumer awareness of hemp’s health benefits and growing availability across multiple retail formats. The sub-segments under B2C are outlined below:
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Hypermarkets & Supermarkets
Hypermarkets and supermarkets account for a significant share due to their wide product assortment and in-store promotions. They cater to urban consumers seeking branded and organic hemp oil products.
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Convenience Stores
Convenience stores offer easy accessibility and smaller packaging sizes, appealing to impulse buyers and price-sensitive customers in developing markets.
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Specialty Stores
Specialty stores focus on premium and organic hemp seed oils, often targeting wellness and cosmetic consumers seeking niche, high-quality formulations.
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Online
Online sales channels are rapidly expanding due to e-commerce convenience, product diversity, and subscription-based delivery models. The segment is expected to witness over 20% annual growth in the next five years.
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Others
The Others category includes health stores, pharmacies, and direct selling networks contributing to the retail distribution of hemp seed oil products worldwide.
Hemp Seed Oil Market, Segmentation by Geography
In this report, the Hemp Seed Oil Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
North America
North America dominates the market owing to strong consumer awareness and regulatory support for hemp-based products. The U.S. leads production and consumption, driven by nutraceutical and skincare applications.
Europe
Europe exhibits strong growth due to the increasing popularity of plant-based oils in food and cosmetics. The European Union’s relaxation of hemp cultivation laws has further stimulated market expansion.
Asia Pacific
Asia Pacific shows rapid expansion, particularly in China, India, and Japan, where industrial hemp cultivation and export-oriented processing are growing. Rising demand for natural health supplements supports sustained regional growth.
Middle East & Africa
Middle East & Africa are emerging markets with increasing acceptance of hemp-derived wellness products. Investments in agricultural diversification and retail health stores are boosting adoption.
Latin America
Latin America witnesses moderate growth, supported by favorable regulatory reforms in countries such as Brazil and Mexico. Rising awareness about hemp’s nutritional and skincare benefits continues to drive demand.
Hemp Seed Oil Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Hemp Seed Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Health Benefits
- Immune-Boosting Properties
- Diverse Applications
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Increasing Consumer Awareness-Increasing consumer awareness is playing a pivotal role in driving the growth of the hemp seed oil market. As consumers become more informed about the health benefits associated with hemp seed oil, including its high nutritional value and potential therapeutic properties, demand for the product is steadily rising. With the spread of information through various channels such as social media, online platforms, and health-conscious communities, consumers are gaining a deeper understanding of hemp seed oil's advantages.
They are becoming increasingly mindful of their dietary choices and are seeking natural and organic alternatives, leading to a surge in the consumption of hemp seed oil across diverse demographics. The growing emphasis on health and wellness lifestyles is further fueling consumer awareness and interest in hemp seed oil. As individuals prioritize preventive healthcare and seek out products that support overall well-being, they are turning to hemp seed oil as a valuable addition to their daily routines. This trend is particularly pronounced among segments such as millennials and Generation Z, who are known for their preference for natural and sustainable products. As consumer awareness continues to expand, driven by evolving dietary preferences and health-conscious lifestyles, the hemp seed oil market is expected to experience sustained growth, with opportunities for market players to capitalize on the growing demand.
Restraints:
- Regulatory Uncertainty
- Stigma and Misconceptions
- Limited Awareness
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Competition from Alternative Oils-Competition from alternative oils poses a notable challenge to the hemp seed oil market. With an abundance of plant-based oils like olive, coconut, and flaxseed oil available, hemp seed oil faces stiff competition in terms of consumer preference and usage. Each alternative oil offers its own distinctive flavor profiles, nutritional benefits, and culinary applications, providing consumers with a wide array of choices. Furthermore, the perceived health advantages associated with alternative oils, such as the heart-healthy properties of olive oil or the versatility of coconut oil in both cooking and skincare, may sway consumer decisions in their favor.
Hemp seed oil possesses unique characteristics and benefits that set it apart from alternative oils. Its optimal balance of omega-3 and omega-6 fatty acids, for instance, appeals to health-conscious consumers seeking a well-rounded nutritional profile. Its mild nutty flavor and light consistency make it suitable for various culinary applications, from dressings to baked goods. As awareness of hemp seed oil's potential health benefits continues to expand, driven by its purported anti-inflammatory properties and high antioxidant content, there's potential for increased demand as consumers seek natural and sustainable alternatives. By emphasizing these distinct qualities and value propositions, hemp seed oil producers can effectively navigate the competitive landscape and establish a niche for their product in the market.
Opportunities
- Diverse Applications Across Industries
- Emerging Markets and Untapped Demographics
- Technological Advancements in Extraction and Processing
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Strategic Partnerships and Collaborations-Strategic partnerships and collaborations are integral drivers of growth and innovation in the hemp seed oil market. Through alliances with complementary businesses, hemp seed oil manufacturers gain access to new markets, technologies, and distribution channels, strengthening their competitive edge. Collaborations with agricultural stakeholders, for instance, ensure a consistent and sustainable supply of high-quality hemp seeds, mitigating supply chain risks. Partnering with research institutions or academic organizations can facilitate the development of novel extraction techniques or product formulations, fostering product differentiation and expanding market offerings. These synergistic alliances empower companies to leverage each other's strengths, combine resources, and expedite market penetration, thereby fostering sustainable growth and success.
Partnerships within the retail sector amplify the visibility and accessibility of hemp seed oil products to consumers. Collaborating with retailers, both online and brick-and-mortar, enables manufacturers to tap into established distribution networks and reach a wider audience. Joint marketing endeavors, such as co-branded promotions or product launches, generate excitement and consumer interest. Furthermore, partnerships with influencers or wellness advocates help raise awareness and educate consumers about the benefits of hemp seed oil, driving demand and building brand loyalty. Overall, strategic partnerships and collaborations serve as instrumental vehicles for market expansion, innovation, and brand development within the hemp seed oil industry.
Hemp Seed Oil Market Competitive Landscape Analysis
Hemp Seed Oil Market is witnessing intensified competition as producers adopt strategies centered on innovation, partnerships, and sustainable sourcing. Over 45% of the market share is controlled by leading enterprises, with merger initiatives and collaboration boosting efficiency. Companies are prioritizing organic cultivation and advanced extraction processes to accelerate growth in food, cosmetics, and nutraceutical applications.
Market Structure and Concentration
The market demonstrates moderate concentration, with more than 55% share dominated by large firms pursuing expansion. Smaller producers focus on niche organic products, while leading enterprises strengthen collaboration with retailers and distributors. Technological advancements in cold-press and CO₂ extraction methods continue to drive growth, enhancing product quality and competitiveness across end-use sectors.
Brand and Channel Strategies
Over 60% of sales are tied to strong brand recognition and diversified channel strategies across retail, e-commerce, and health stores. Leading companies emphasize partnerships with distributors and wellness brands to expand adoption. Adaptive strategies in online marketing, digital platforms, and customized packaging continue to reinforce growth, ensuring greater consumer engagement in hemp-based products.
Innovation Drivers and Technological Advancements
More than 65% of enterprises prioritize innovation in formulation, product diversification, and eco-friendly processing. Technological advancements in refining, shelf-life extension, and sustainable packaging are central to competitive strategies. Strong collaboration with food scientists, cosmetic developers, and nutraceutical firms supports growth, enabling differentiation in premium hemp seed oil applications across multiple industries.
Regional Momentum and Expansion
Regional leaders account for nearly 50% of market expansion through localized strategies and cross-border partnerships. North America leads demand, while Europe emphasizes organic certifications, and Asia-Pacific demonstrates rapid growth driven by increasing health awareness. Companies are investing in supply chain networks and innovation hubs to reinforce competitiveness across traditional and emerging consumer markets.
Future Outlook
The future outlook suggests that more than 70% of companies will emphasize expansion, advanced technological advancements, and collaborative strategies. Sustained innovation in organic, fortified, and value-added products, along with mergers, will reshape competition. Firms are expected to strengthen growth by aligning with wellness, sustainability, and clean-label trends in the hemp industry.
Key players in Hemp Seed Oil Market include:
- Nutiva Inc.
- Canopy Growth Corporation
- Connolis LLC
- Maverik oils
- NP Nutra
- Hemp oil
- Agropro
- Canah International SRL
- Z- Company
- Ecofiber Limited
- 13 Seeds Hemp Farm
- Elixinol Global Limited
- BOHECO
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Nature
- Market Snapshot, By Type
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Geography
- Hemp Seed Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Health Benefits
- Immune-Boosting Properties
- Diverse Applications
- Increasing Consumer Awareness
- Restraints
- Regulatory Uncertainty
- Stigma and Misconceptions
- Limited Awareness
- Competition from Alternative Oils
- Opportunities
- Diverse Applications Across Industries
- Emerging Markets and Untapped Demographics
- Technological Advancements in Extraction and Processing
- Strategic Partnerships and Collaborations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Hemp Seed Oil Market, By Nature, 2021 - 2031 (USD Million)
- Organic
- Conventional
- Hemp Seed Oil Market, By Type, 2021 - 2031 (USD Million)
- Cold-Pressed
- Refined
- Hemp Seed Oil Market, By Distribution Channel, 2021 - 2031 (USD Million)
- B2B
- B2C
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
- Hemp Seed Oil Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Hemp Seed Oil Market, By Nature, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Nutiva Inc.
- Hemp Oil Canada Inc.
- Elixinol Global Limited
- Canopy Growth Corporation
- Charlotte’s Web Holdings, Inc.
- Folium Biosciences LLC
- Kazmira LLC
- NOW Foods
- Bob’s Red Mill Natural Foods
- CW Hemp
- PharmaHemp d.o.o.
- Green Roads
- Medical Marijuana, Inc.
- HempFusion Wellness Inc.
- Isodiol International Inc.
- Company Profiles
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Analyst Views
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Future Outlook of the Market