Global Hemp Seed Market – Industry Trends and Forecast to 2030

Hemp Seed Market Analysis and Size

Hemp seed is regarded as the most nutritious seed in the world due to its numerous beneficial properties, as well as its use as an analgesic in pharmaceuticals. The global hemp seed market is expected to expand as a result of increased demand for hemp seeds over traditional herbal seeds due to their flexibility and as a core product for overall health improvement.

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.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Hemp Seed Market Scope and Segmentation

Market Definition

Hemp seeds refer to small, brown seeds of the Cannabis Sativa plant. They contain less than 1% of psychoactive drugs, whereas marijuana contains more than 20%. Hemp seeds are an excellent source of easily digestible proteins, fibers, amino acids, antioxidants, essential fats, iron, and vitamins.

Global Hemp Seed Market Dynamics

Drivers

• Growing adoption of healthy consumables as well as agricultural benefits associated with hemp seed

The growing demand for processed and ready-to-eat food products, particularly among millennials and the urbanized population, is driving up consumption of hemp-based cereals, bars, smoothies, yogurt, and so on. Furthermore, the prevalent vegan trend has resulted in a gradual shift away from meat and dairy products and toward hemp-based food items to maintain protein consumption levels.

• Growing demand for hemp based supplements and personal care products

Hemp is a versatile plant whose seeds are used to make nutritious food. It is related to Cannabis and is a member of the same family. As they contain both GLA (gamma-linoleic acid) and CLA (conjugated linoleic acid), they outperform chia and flax seeds. It also has a healthy fatty acid ratio, and 10 essential amino acids, and is high in dietary fibers. The main vitamins found in hemp seeds are phosphorus, potassium, sodium, magnesium, sulfur, calcium, ir​​​​​​​on, and zinc. Furthermore, hemp is considered allergy-free when compared to other plant protein sources.

Opportunity

Hemp seeds are used to make hemp biodiesel, which is suitable for use in any diesel-powered vehicle. Additionally, hemp can be used to produce ethanol, which is currently produced from food crops such as wheat and corn. This would result in increased food production efficiency. Another product that allows for the growth of industrial hemp is bioplastic. Hemp bioplastics are made from hemp seeds and CBD oil by-products. The growing consumer demand for sustainable goods, combined with corporate and government initiatives and support, is expected to fuel the growth of hemp-based biofuel and bioplastics.

Restraints

However, the high production cost and strict regulation and policies are expected to act as a restraint on the growth of the hemp seed market, whereas the easy availability of substitute sources may pose a challenge to the market's growth.

This hemp seed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global hemp seed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• GenCanna and Atalo Holdings formed a strategic partnership in May 2019 to build a vertically integrated hemp processing and distribution facility in Kentucky
• In May 2019, GenCanna and Thar PArocess announced a collaboration to bring the new CO2 hemp extraction technology to market
• Hemp Inc. formed a joint venture with Hemp Healthcare in January 2019 to sell high-end CBD and hemp-based products, expanding the company's presence in Arizona

 Global Hemp Seed Market Scope

The hemp seed market is segmented on the basis of product type, form, packaging, application and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Medicinal
• Auto Flowering
• Feminized
• Regular
• Others

Form

• Whole Hemp Seed
• Shelled Hemp Seed
• Hemp Seed Oil
• Hemp Seed Protein

Packaging type

• Pouches
• Jars
• Tins
• Others

Distribution channel

• Direct
• Indirect
• Online
• Modern trade format
• Convenience stores
• Departmental stores
• Retails
• Others

Application

• Food
• Tea and Hemp Juice
• Hemp Sacks
• Hemp Fibre
• Others

Global Hemp Seed Market Regional Analysis/Insights

The hemp seed market is analysed and market size insights and trends are provided by country, product type, form, packaging, application and distribution channel as referenced above.

The countries covered in the hemp seed market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to lead the hemp seed market due to increased consumption. Asia-Pacific is expected to grow at a significant rate from 2023 to 2030 due to the high demand for hemp seeds in India and China.  

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, and case studies are some of the pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data. 

Competitive Landscape and Global Hemp Seed Market Share Analysis

The hemp seed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemp seed market.

Some of the major players operating in the hemp seed market are:

• Nhempco (Canada)
• Ecofibre (Australia)
• Hemp Inc. (US)
• GenCanna (US)
• HempFlax Group B.V., (Netherlands)
• Konoplex (Russia)
• Hemp Oil Canada (Canada)
• Hemp Poland (Poland)
• Dun Agro (Netherlands)
• Colorado Hemp Works (US)
• Canah International (Romania)
• South Hemp Tecno (Italy)
• Plains Industrial Hemp Processing (Canada)
• MH Medical Hemp (Germany)

SKU-46446