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The global hemp seeds market grew at a CAGR of around 7% during 2015-2020. Hemp seeds refer to small, brown seeds of the Cannabis Sativa plant that contain a high amount of healthy fats, minerals, protein, and fibers. They are widely available in the form of whole seed, shelled seed, hemp oil, and protein powder. Hemp seeds offer numerous health benefits in enhancing metabolism, boosting immunity, and treating insomnia, inflammation, chronic pain, etc. As a result, they are extensively used in food & beverages, nutritional supplements, pharmaceuticals, cosmetics, etc.
The rising consumer health consciousness along with the growing awareness towards several nutritional benefits of hemp seeds is primarily driving the global market. Furthermore, the increasing prevalence of different types of cancer is also propelling the consumption of hemp-based products for relieving chemotherapy-induced nausea, chronic pain, fatigue, etc., in cancer patients. Additionally, the changing consumer inclination from high-calorie food items towards a protein-rich diet is further augmenting the market for hemp seeds. In line with this, increasing demand for processed and ready-to-eat food products, particularly among the millennial and urbanized population, is bolstering the consumption of hemp-based cereals, bars, smoothies, yogurt, etc. Furthermore, the prevalent trend of veganism has led to a gradual shift from meat and dairy products towards hemp-based food items to maintain protein consumption levels. Apart from this, the expanding pharmaceutical industry and increasing adoption of bioactive ingredients in drugs are further catalyzing the use of hemp seeds based on the high content of antioxidants, vitamins, iron, etc. In the coming years, the increasing legalization of industrial hemp for use in food supplements and personal grooming products will continue to drive the global market for hemp seeds. Looking forward, IMARC Group expects the global hemp seeds market to exhibit continuous growth during the next five years
IMARC Group provides an analysis of the key trends in each sub-segment of the global hemp seeds market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, source, form, packaging, application and distribution channel.
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The competitive landscape of the industry has also been examined with some of the key players being BAFA Neu GmbH, Canah International Srl, Deep Nature Project GmbH, GFR Ingredients Inc., Green Source Organics Inc., Hempco Food and Fibre Inc. (Aurora Cannabis Inc.), HempFlax Group B.V., Liaoning Qiaopai Biotech Co. Ltd., Manitoba Harvest Hemp Foods (Tilray Inc), Naturally Splendid Enterprises Ltd., Navitas LLC, North American Hemp & Grain Ltd. and Yunnan Hua Fang Industrial Hemp Co. Ltd.
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