Hemp Seed Market Size, Share, Trends, Growth and Competitive Analysis

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Data Bridge Market Research analyses that the global hemp seed market was valued at USD 6,029.30 million in 2022 and is expected to reach the value of USD 10,894.69 million by 2030, at a CAGR of 8.80% during the forecast period of 2023-2030.

"Global Hemp Seed Market Report can be used to outline target audiences for clients before beginning any advertising campaign. In a fast-paced industry, when information is often needed quickly, secondary market research and thereby this market report is the best way to gather that information. This business report examines market by regions, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing top manufacturers in global market, with respect to production, price, revenue, and market share for each manufacturer.

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**Market Analysis of the Hemp Seed Market**

In 2021, the global hemp seed market experienced significant growth due to increasing awareness about the health benefits associated with hemp seeds. Consumers are increasingly seeking plant-based protein sources, driving the demand for hemp seeds in various food and beverage products. The wellness trend also contributed to the market growth as hemp seeds are rich in omega-3 fatty acids, protein, and other essential nutrients. Additionally, the legalization of hemp cultivation in various regions has positively impacted the market, leading to the introduction of a wide range of hemp seed-based products.

**Segments in 2021:**
- By Product Type: Hemp Seed Oil, Whole Hemp Seed, Hulled Hemp Seed
- By Application: Food & Beverages, Pharmaceuticals, Personal Care Products, Others
- By Distribution Channel: Offline, Online

Looking ahead to 2029, the global hemp seed market is projected to witness substantial growth fueled by the increasing adoption of hemp-based products across various industries. The growing emphasis on sustainable and organic products is expected to drive the demand for hemp seeds as they are considered environmentally friendly and nutritious. The rise in vegan and vegetarian populations globally is also anticipated to boost the market as hemp seeds are a valuable source of plant-based protein and essential nutrients.

**Segments in 2029:**
- By Product Type: Hemp Seed Oil, Hemp Protein, Hemp Flour, Others
- By Application: Food & Beverages, Nutraceuticals, Pharmaceuticals, Cosmetics, Others
- By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Online Retail

**Market Players:**
- Manitoba Harvest Hemp Foods
- Hempco Food and Fiber Inc.
- Naturally Splendid Enterprises Ltd.
- Navitas Organics
- Victory Hemp Foods
- Hemp Foods Australia
- North American Hemp & Grain Co.
- GFR Ingredients Ltd.
- Hemp Oil Canada Inc.
- Suyash Herbs Exports Private Limited

The key market players are focusing on product innovations,The global hemp seed market is poised for continued growth and expansion in the coming years as consumer preferences shift towards more sustainable and nutritious products. The increasing awareness about the health benefits of hemp seeds, coupled with the rise in demand for plant-based protein sources, is driving the market forward. Hemp seeds are rich in omega-3 fatty acids, protein, and other essential nutrients, making them a popular choice among health-conscious consumers. Additionally, the legalization of hemp cultivation in various regions has opened up new opportunities for market players to introduce a wide range of hemp seed-based products to meet the growing demand.

Looking ahead to 2029, the market is expected to witness significant growth driven by several key factors. The emphasis on sustainability and organic products is expected to fuel the demand for hemp seeds, as they are perceived as environmentally friendly and nutritious. The rise in vegan and vegetarian populations globally is also anticipated to boost the market, as hemp seeds are a valuable source of plant-based protein and essential nutrients. Furthermore, the increasing adoption of hemp-based products across various industries, including food and beverages, nutraceuticals, pharmaceuticals, and cosmetics, is expected to contribute to market growth.

In terms of product segmentation, the market is expected to witness a shift towards a wider range of hemp seed-based products. While hemp seed oil, whole hemp seed, and hulled hemp seed have been prominent product types in the past, the market is projected to see an expansion into products such as hemp protein, hemp flour, and others in the future. These products cater to the diverse needs and preferences of consumers across different industries, further driving market growth.

The distribution channel is also evolving, with supermarkets/hypermarkets, specialty stores, and online retail platforms playing a crucial role in reaching a wider consumer base. The shift towards online retail is particularly significant, as e-commerce platforms offer convenience and accessibility to consumers looking to purchase hemp seed products from the comfort of their homes. Market players are expected to leverage these distribution channels to expand their**Global Hemp Seed Market By Product Type (Medicinal, Auto Flowering, Feminized, Regular, Others), Form (Whole Hemp Seed, Shelled Hemp Seed, Hemp Seed Oil, Hemp Seed Protein), Packaging (Pouches, Jars, Tins, Others), Application (Food, Tea and Hemp Juice, Hemp Sacks, Hemp Fiber, Others), Distribution Channel (Direct, Indirect) – Industry Trends and Forecast to 2030.**

The global hemp seed market is witnessing significant growth and is poised for continued expansion in the forecast period. The increasing awareness about the health benefits of hemp seeds, coupled with the rising demand for plant-based protein sources, is driving market growth. Hemp seeds are rich in omega-3 fatty acids, protein, and essential nutrients, making them a popular choice among health-conscious consumers. The legalization of hemp cultivation in various regions has created new opportunities for market players to introduce a wide range of hemp seed-based products to meet the growing demand.

Looking ahead to 2030, the market is expected to experience substantial growth driven by various key factors. The emphasis on sustainability and organic products is projected to fuel the demand for hemp seeds, given their environmentally friendly and nutritious profile. The increasing popularity of vegan and vegetarian diets globally is also anticipated to boost the market, as hemp seeds serve as a valuable source of plant-based protein and essential nutrients. Moreover, the adoption of hemp-based products in industries such as food, beverages, nutraceuticals, pharmaceutical

 

Key points covered in the report: -

  • The pivotal aspect considered in the global Hemp Seed Market report consists of the major competitors functioning in the global market.
  • The report includes profiles of companies with prominent positions in the global market.
  • The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
  • The driving factors for the growth of the global Hemp Seed Market are thoroughly explained along with in-depth descriptions of the industry end users.
  • The report also elucidates important application segments of the global market to readers/users.
  • This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
  • The experts also evaluate the export/import policies that might propel the growth of the Global Hemp Seed Market.
  • The Global Hemp Seed Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Hemp Seed Market Landscape

Part 04: Global Hemp Seed Market Sizing

Part 05: Global Hemp Seed Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

  • Hemp Seed Market [Global – Broken-down into regions]
  • Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
  • Country-wise Market Size Split [of important countries with major market share]
  • Market Share and Revenue/Sales by leading players
  • Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
  • Market Size
  • Market Size by application/industry verticals
  • Market Projections/Forecast

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