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 ), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Hemp seed market size is expected to grow at a compound annual rate of 8.20% in the forecast period 2021 to 2028. The rapid increase in the population of vegans is the factor responsible for the growth of hemp seed market in the forecast period of 2021 to 2028.
Hemp seeds are produced from the hemp plant, Cannabis sativa. They contain less than 1% of the psychoactive drugs whereas marijuana contains more than 20%. Hemp seeds are ideal and natural blend of easily digested proteins, fibers, amino acids, antioxidants, essential fats, iron and vitamins.
The major growing factor towards hemp seed market is the rise in the awareness towards several nutritional benefits of hemp seeds. Furthermore, the rise in awareness about the benefits of consuming hemp seed products and rapid urbanization are also expected to heighten the overall demand for hemp seed market over the forecast period of 2021 to 2028. Moreover, the rise in the prevalence of different types of cancer and change in the consumer inclination from high-calorie food items are also expected to serve as foremost drivers for the hemp seed market at a global level. In addition, the high demand for processed and ready-to-eat food products, particularly among the millennial and rise in the trend of veganism are also lifting the growth of the hemp seed market.
However, the high production cost and strict regulation and policies are projected to act as a restraint towards the growth of hemp seed market, whereas the easy accessibility of the substitute source can challenge the growth of the hemp seed market.
Moreover, the rapid rise in the demand for plant-based products, increase in the legalization of industrial hemp for use in food supplements and personal grooming products and the rise in the trend of health consciousness among the consumers are expected to further generate new opportunities for the hemp seed market in the forecast period of 2021 to 2028.
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 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.
Global Hemp Seed Market Scope and Market Size
Hemp seed market is segmented on the basis of product type, form, packaging, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product type, the hemp seed market has been segmented into medicinal, auto flowering, feminized, regular and others.
- On the basis of form, the hemp seed market has been segmented into whole hemp seed, shelled hemp seed, hemp seed oil and hemp seed protein.
- Based on packaging, the hemp seed market has been segmented into pouches, jars, tins and others.
- On the basis application, the hemp seed market has been segmented into food, tea and hemp juice, hemp sacks, hemp fiber and others. Others have further been segmented into biofuel, paper, canvas and others.
- On the basis of distribution channel, the hemp seed market has been segmented into direct and indirect. Indirect has further been segmented into online, modern trade format, convenience stores, departmental stores, retails and others.
Hemp Seed Market Country Level Analysis
Hemp seed market is analyses and market size, volume information is 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, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the hemp seed market due to the increase in consumption rate. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high demand for hemp seeds from India and China.
The country section of the hemp seed market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hemp Seed Market Share Analysis
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.
The major players covered in the hemp seed report are Midlands Holdings, Everest Eco Hemp, Nutraonly (Xi'an) Nutritions Inc., Sinohemp, DALIAN SPRING AGRICULTURAL PRODUCTS CO., LTD, Liaoning Qiaopai Biotech Co., Ltd., The Pahari Life, Himalayan Root, Tianjin Huge Roc Enterprises Co., Ltd., GenCanna, Konoplex, Yunnan Hua Fang Industrial Hemp Co. Ltd., HempFlax Group B.V., highkeyherb, Manitoba Harvest Hemp Foods, Hemp New Zealand, Colorado Hemp Works, INC., ORGANICWAY, Ecofibre, and CBD Seed Co., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Hemp Seed Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.