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North America Hemp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The North America hemp market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 18% during 2021-2026. 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 refers to small, brown oilseeds that are extracted from the Cannabis Sativa plant. It acts as a rich source of healthy fats, minerals, protein, and fibers. Hemp is widely available in the form of whole seed, shelled seed, hemp oil, and protein powder. It offers several benefits in enhancing metabolism, boosting immunity, treating chronic pain, reducing anxiety, etc. As a result, hemp is widely used in food & beverages, pharmaceuticals, nutritional supplements, cosmetics, textiles, etc.

In North America, the rising consumer awareness towards several nutritional benefits of hemp coupled with the growing health consciousness is propelling the market growth. Moreover, increasing incidences of cancer are also driving the demand for 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-based food and beverages in North America. With the rising hectic work schedules and sedentary lifestyles of the consumers, there is an increasing demand for processed and ready-to-eat food products in the region. This has resulted in the growing popularity of hemp-based cereals, bars, smoothies, yogurt, etc.  Besides this, the escalating adoption of vegan food trends has led to a shift from meat and dairy products towards plant-sourced alternatives, such as hemp-based vegan meat and hemp milk. Additionally, a significant growth in the nutraceuticals sector is also propelling the utilization of hemp due to its high content of antioxidants, vitamins, iron, etc. In the coming years, the increasing demand of hemp in various non-food sectors, such as cosmetics, personal care and textiles, will continue to drive the market in North America.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America hemp market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on product type, application and source.

Breakup by Product Type:

  • Hemp Seed
  • Hemp Seed Oil
  • CBD Hemp Oil
  • Others
     

Breakup by Application:

  • Food
    • Snacks and Cereals
    • Soup, sauces, and seasonings
    • Bakery
    • Dairy and frozen desserts
    • Others (cold cereals, pasta, chocolate spreads, pet food)
  • Beverages
    • Hot Beverages
    • Sports and Energy Drinks
    • Ready-to-Drink
    • Others (Meal Replacement Drinks, Beverage Mixes, Beverage Concentrates, Juice Drinks)
  • Textiles
  • Pharmaceuticals
  • Personal Care Products
  • Others (Paper, Automobiles, Construction and Materials, Furniture, etc.)
     

Breakup by Source:

  • Organic
  • Conventional
     

Breakup by Country:

  • United States
  • Canada
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players-BaFa Neu GmbH(Planete Chanvre), Dun Agro Hemp Group, Ecofibre, Gencanna, Hemp Inc., Hemp Oil Canada, Hempflax BV(Hempflax Group BV), Konoplex Group, Marijuana Company of America Inc. and U.S. HempCo.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
 Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Application, Source, Country
Countries Covered United States, Canada
Companies Covered BaFa Neu GmbH (Planete Chanvre), Dun Agro Hemp Group, Ecofibre, Gencanna, Hemp Inc., Hemp Oil Canada, Hempflax BV (Hempflax Group BV), Konoplex Group, Marijuana Company of America Inc. and U.S. HempCo.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the North America hemp market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the North America hemp market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the source?
  • 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 North America hemp market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    North America Hemp Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Hemp Seed
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hemp Seed Oil 
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    CBD Hemp Oil
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others  
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Food 
        7.1.1 Market Trends
        7.1.2 Snacks and Cereals 
           7.1.2.1 Market Trends
           7.1.2.2 Market Forecast
        7.1.3 Soups, Sauces and Seasonings 
           7.1.3.1 Market Trends
           7.1.3.2 Market Forecast
        7.1.4 Bakery 
           7.1.4.1 Market Trends
           7.1.4.2 Market Forecast
        7.1.5 Dairy and Frozen Desserts 
           7.1.5.1 Market Trends
           7.1.5.2 Market Forecast
        7.1.6 Others (Cold cereals, pasta, chocolate spreads, pet food) 
           7.1.6.1 Market Trends
           7.1.6.2 Market Forecast
        7.1.7 Market Forecast 
    7.2    Beverages
        7.2.1 Market Trends
        7.2.2 Hot Beverages 
           7.2.2.1 Market Trends
           7.2.2.2 Market Forecast
        7.2.3 Sports and Energy Drinks 
           7.2.3.1 Market Trends
           7.2.3.2 Market Forecast
        7.2.4 Ready-to-Drink 
           7.2.4.1 Market Trends
           7.2.4.2 Market Forecast
        7.2.5 Others (Beverage mixes, beverage concentrates, etc.)           
           7.2.5.1 Market Trends
           7.2.5.2 Market Forecast
        7.2.6 Market Forecast 
    7.3    Textiles 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4     Pharmaceuticals
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Personal Care Products 
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others (Paper, Automobiles, etc.)
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Source
    8.1    Organic 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Conventional
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Country
    9.1    United States
        9.1.1 Market Trends
        9.1.2 Market Breakup by Product Type
        9.1.3 Market Breakup by Application
        9.1.4 Market Breakup by Source
        9.1.5 Market Forecast
    9.2    Canada
        9.2.1 Market Trends
        9.2.2 Market Breakup by Product Type
        9.2.3 Market Breakup by Application
        9.2.4 Market Breakup by Source
        9.2.5 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    BaFa Neu GmbH (Planete Chanvre)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Dun Agro Hemp Group
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ecofibre
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
        14.3.4    Gencanna
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Hemp Inc. 
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Hemp Oil Canada
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Hempflax BV (Hempflax Group BV)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Konoplex Group
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Marijuana Company of America Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    U.S. HempCo
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio

List of Figures

Figure 1: North America: Hemp Market: Major Drivers and Challenges
Figure 2: North America: Hemp Market: Sales Value (in Billion US$), 2015-2020
Figure 3: North America: Hemp Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: North America: Hemp Market: Breakup by Product Type (in %), 2020
Figure 5: North America: Hemp Market: Breakup by Application (in %), 2020
Figure 6: North America: Hemp Market: Breakup by Source (in %), 2020
Figure 7: North America: Hemp Market: Breakup by Country (in %), 2020
Figure 8: North America: Hemp (Hemp Seed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: North America: Hemp (Hemp Seed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: North America: Hemp (Hemp Seed Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: North America: Hemp (Hemp Seed Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: North America: Hemp (CBD Hemp Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: North America: Hemp (CBD Hemp Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: North America: Hemp (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: North America: Hemp (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: North America: Hemp (Food) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: North America: Hemp (Snacks and Cereals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: North America: Hemp (Snacks and Cereals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: North America: Hemp (Soup, Sauces and Seasonings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: North America: Hemp (Soup, Sauces and Seasonings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: North America: Hemp (Bakery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: North America: Hemp (Bakery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: North America: Hemp (Dairy and Frozen desserts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: North America: Hemp (Dairy and Frozen desserts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: North America: Hemp (Other Foods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: North America: Hemp (Other Foods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Hemp  (Food) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Hemp (Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Hemp (Hot Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: North America: Hemp (Hot Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Hemp (Sports and Energy Drinks) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Hemp (Sports and Energy Drinks) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Hemp (Ready-to-drink) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Hemp (Ready-to-drink) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: North America: Hemp (Other Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: North America: Hemp (Other Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: North America: Hemp (Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Hemp (Textiles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Hemp (Textiles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: North America: Hemp (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: North America: Hemp (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Hemp (Personal Care Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Hemp (Personal Care Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: North America: Hemp (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: North America: Hemp (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: North America: Hemp (Organic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: North America: Hemp (Organic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: North America: Hemp (Conventional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: North America: Hemp (Conventional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: United States: Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: United States: Hemp Market: Breakup by Product Type (in %), 2020
Figure 52: United States: Hemp Market: Breakup by Application (in %), 2020
Figure 53: United States: Hemp Market: Breakup by Source (in %), 2020
Figure 54: United States: Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Canada: Hemp Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Canada: Hemp Market: Breakup by Product Type (in %), 2020
Figure 57: Canada: Hemp Market: Breakup by Application (in %), 2020
Figure 58: Canada: Hemp Market: Breakup by Source (in %), 2020
Figure 59: Canada: Hemp Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: North America: Hemp Industry: SWOT Analysis
Figure 61: North America: Hemp Industry: Value Chain Analysis
Figure 62: North America: Hemp Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: North America: Hemp Market: Key Industry Highlights, 2020 and 2026
Table 2: North America: Hemp Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: North America: Hemp Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: North America: Hemp Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 5: North America: Hemp Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 6: North America: Hemp Market: Competitive Structure
Table 7: North America: Hemp Market: Key Players

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