What is Global Hemp Seeds Market?
The Global Hemp Seeds Market is a vast and dynamic sector that deals with the production, distribution, and consumption of hemp seeds worldwide. Hemp seeds are small, brown seeds from the Cannabis Sativa plant. They have a rich nutritional profile, high in protein, fiber, and healthful fatty acids. The global market for these seeds is growing due to their increasing use in various products such as food and beverages, cosmetics, and personal care products. The market is also driven by the growing awareness of the health benefits of hemp seeds, including their ability to improve heart health, stimulate digestion, build muscle mass, eliminate insomnia, aid in weight loss, and boost the immune system. However, the market faces challenges such as stringent government regulations and the stigma associated with the Cannabis Sativa plant. Despite these challenges, the market has significant potential for growth due to the increasing demand for hemp-based products.
Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others in the Global Hemp Seeds Market Market:
The Global Hemp Seeds Market is segmented into Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, and Others. Whole Hemp Seed is the unprocessed form of the hemp seed. It is rich in fiber and used in various food products such as bread, granola, and protein powder. Hulled Hemp Seed, also known as hemp hearts, is the inner part of the hemp seed after the outer shell has been removed. It is softer and more digestible than the whole hemp seed. Hemp Seed Oil is extracted from the seeds and used in various products such as salad dressings, dips, and spreads. Hemp Protein Powder is made by grinding the whole hemp seeds into a fine powder. It is a high-quality plant-based protein source and used in various health and fitness products. The Others segment includes products such as hemp milk, hemp cheese, and hemp-based supplements. Each of these segments has its unique market dynamics, driven by factors such as consumer preferences, product innovation, and regulatory environment.
Hemp Oil, Hemp Seed Cakes, Others in the Global Hemp Seeds Market Market:
The Global Hemp Seeds Market finds its application in various areas such as Hemp Oil, Hemp Seed Cakes, and Others. Hemp Oil is a product of cold-pressing hemp seeds. It is rich in essential fatty acids and used in various products such as skincare products, dietary supplements, and cooking oils. Hemp Seed Cakes are a by-product of the oil extraction process. They are used as a high-protein animal feed ingredient. The Others segment includes applications such as the use of hemp seeds in brewing beer, making hempcrete for construction, and producing biodegradable plastics. Each of these applications has its unique market dynamics, driven by factors such as technological advancements, consumer demand, and regulatory environment.
Global Hemp Seeds Market Market Outlook:
The Global Hemp Seeds Market is projected to grow from US$ 427 million in 2022 to US$ 667 million by 2029, registering a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period 2023-2029. The market is dominated by the top five manufacturers who collectively hold a market share of about 40%. Geographically, North America is the largest market for hemp seeds, accounting for about 40% of the global market share, followed by Europe with a market share of about 30%. In terms of product segmentation, Whole Hemp Seed is the largest segment, accounting for about 40% of the global market share. These figures indicate the significant potential for growth and profitability in the Global Hemp Seeds Market.
| Report Metric | Details |
| Report Name | Hemp Seeds Market |
| Accounted market size in 2022 | US$ 427 in million |
| Forecasted market size in 2029 | US$ 667 million |
| CAGR | 6.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Manitoba Harvest, Agropro, Jinzhou Qiaopai Biotech, Canah International, GIGO Food, North American Hemp & Grain Co., Deep Nature Project, Yunnan Industrial Hemp, GFR Ingredients, Navitas Organics, Yishutang, Naturally Splendid, HempFlax, Green Source Organics, BAFA neu GmbH, Aos Products, Suyash Herbs |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
