What is Global Hulled Hemp Seeds Market?
The Global Hulled Hemp Seeds Market is a vast and dynamic sector that focuses on the production, distribution, and consumption of hulled hemp seeds. These seeds, also known as hemp hearts, are the raw, hulled seeds of the hemp plant, a member of the cannabis family. They are renowned for their high nutritional value, containing a rich source of protein, fiber, and healthy fats. The market encompasses a wide range of stakeholders, including farmers, processors, distributors, and consumers, spread across the globe. The market's value is determined by the demand and supply of hulled hemp seeds, which is influenced by factors such as health trends, dietary preferences, and legal regulations pertaining to hemp cultivation and consumption. The market is characterized by its diversity, with different regions having different preferences and regulations.
Wild Hemp, Cultivation Hemp in the Global Hulled Hemp Seeds Market:
The Global Hulled Hemp Seeds Market is divided into two main segments: wild hemp and cultivation hemp. Wild hemp refers to hemp plants that grow naturally in the wild, without human intervention. These plants produce seeds that are harvested and processed to produce hulled hemp seeds. On the other hand, cultivation hemp refers to hemp plants that are specifically grown for their seeds. These plants are cultivated under controlled conditions to ensure the quality and quantity of the seeds. The choice between wild hemp and cultivation hemp depends on various factors, including the legal regulations in a particular region, the availability of land and resources, and the demand for hulled hemp seeds. Both segments contribute significantly to the market, each with its own set of advantages and challenges.
Hemp Oil, Hemp Seed Cakes, Others in the Global Hulled Hemp Seeds Market:
The Global Hulled Hemp Seeds Market finds its application in various areas such as hemp oil, hemp seed cakes, and others. Hemp oil, extracted from hulled hemp seeds, is used in a variety of products, including food, cosmetics, and pharmaceuticals, due to its high nutritional value and potential health benefits. Hemp seed cakes, the by-product of hemp oil extraction, are used as a nutritious animal feed. Other applications of hulled hemp seeds include their use in baking, cooking, and as a topping for salads and cereals. The versatility of hulled hemp seeds, coupled with their nutritional benefits, makes them a valuable commodity in various industries, thereby driving the market.
Global Hulled Hemp Seeds Market Outlook:
Looking at the market outlook, the Global Hulled Hemp Seeds Market was valued at a significant US$ 97.3 million in 2023. The market is expected to experience a steady growth, with projections estimating it to reach a value of US$ 122.5 million by 2030. This growth, representing a Compound Annual Growth Rate (CAGR) of 3.4%, is expected to occur during the forecast period of 2024 to 2030. This positive outlook can be attributed to the increasing awareness of the health benefits of hulled hemp seeds, as well as the growing acceptance and legalization of hemp cultivation in various regions.
| Report Metric | Details |
| Report Name | Hulled Hemp Seeds Market |
| Accounted market size in 2023 | US$ 97.3 million |
| Forecasted market size in 2030 | US$ 122.5 million |
| CAGR | 3.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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, North American Hemp & Grain Co., Yunnan Industrial Hemp, Navitas Organics, Naturally Splendid, HempFlax |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
