Hemp Seeds Market

Market Overview:

The global hemp seeds market size reached US$ 830 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,550 Million by 2027, exhibiting a growth rate (CAGR) of 11.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hemp seeds market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, form, packaging, application and distribution channel.

Breakup by Source:

• Conventional
• Organic
   

Breakup by Form:

• Whole Hemp Seed
• Hulled Hemp Seed
• Hemp Seed Oil
• Hemp Protein Powder
• Others
   

Breakup by Packaging:

• Pouches
• Jars
• Tins
• Others
   

Breakup by Application:

• Food & Beverages
• Nutritional Supplements
• Pharmaceuticals
• Cosmetics
• Others
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Others
     

Competitive Landscape:

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 Fiber 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.

Report Coverage:

Key Questions Answered in This Report:

• How has the global hemp seeds market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global hemp seeds market?
• What are the key regional markets?
• What is the breakup of the market based on the source?
• What is the breakup of the market based on the form?
• What is the breakup of the market based on the packaging?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global hemp seeds market and who are the key players?
• What is the degree of competition in the industry?