Hemp Seeds Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Hemp Seeds Market is segmented By Form (Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others), By Application (Food & Beverage, Personal Care Products, Industrial Products, Others), By Distribution Channel (E-commerce, Specialty Stores, Pharmacies, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Hemp Seeds Market Overview

Global Hemp Seeds Market reached USD 4.8 billion in 2022 and is expected to reach USD 8.7 billion by 2031 growing with a CAGR of 7.8% during the forecast period 2024-2031. The growing awareness of the hemp-based food products’ health and nutritional benefits is driving the growth of the global hemp seeds market.

The versatility of hemp seeds offers opportunities to explore and develop new product applications. The wide range of utility hemp seeds in food & beverage products, including hemp snacks, and energy bars, is expanding the market growth. In addition, hemp seed oil can be utilized in the personal care and cosmetics industry, offering potential opportunities for skincare, haircare, and other beauty products.

The hemp seeds have rich nutritional benefits that are attracting the attention of manufacturers and consumers. In addition, various acquisition help in boosting the market expansion. For instance, in March 2021, Yooma Wellness Inc., a distributor, and marketer of hemp-derived and cannabinoid wellness products, announced the acquisition of Socati Corp. The company took this initiative to expand its geographic footprint of the company.

Hemp Seeds Market Scope and Summary

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Hemp Seeds Market Dynamics 

The Nutritious Factors of Hemp Seeds Drive the Growth of the Market.

The hemp seeds belong to Cannabis sativa. Hemp seeds can make nutritious food because of the presence of various essential nutrients in them. They form a rich source of essential amino acids, fatty acids, vitamins, minerals, and dietary fibers. Hemp oil is one of the most nutritious products and consists of various nutrients and minerals such as vitamin B, vitamin C, and others. 

The hemp seeds have high amounts of healthy fats. These have a good content of omega-3 and omega-6 fatty acids, along with amino acids. The main minerals found in hemp seeds are phosphorus, potassium, sodium, magnesium, sulphur, calcium, iron, and zinc. Hemp is also considered allergy-free. All these beneficial factors help in driving the market growth.

Increasing Demand for Hemp Based Products is Driving the Market Growth.

There is a growing demand for hemp-based products worldwide, driving the market expansion. With the increasing awareness of hemp seed benefits, many products are emerging with hemp seeds. The various forms of hemp nuts and seeds, such as whole hemp seed, oils, protein powder, and others, are used to manufacture various products. The various applications of these hemp seeds in food & beverages, personal care, and industrial products is increasing daily. 

The use of hemp seeds, flours, oils, and protein powders in food and beverage production is increasing. The hemp fibers are used to produce various clothing and other textile items. Most of people use hemp seeds and oils in various food products. Industrial hemp contains less than 0.3 % of THC. Anti-skin aging creams, acne creams, moisturizers, and beauty products for skin health are also made from hemp seeds.

Strict Regulatory Framework Restrains the Market Growth.

There are strict regulations in some areas regarding the production and usage of hemp seeds. The licensing requirements and the strict restrictions on the cultivation, sale, and use of hemp seeds hinder the hemp seeds market growth. The incompatibility and ambiguity in the legal framework of these hemp seeds create barriers for farmers, producers, and consumers. Thus, limiting the availability and accessibility of hemp seed products in the market. 

Some rules and regulations are necessary to regulate hemp seeds products as they are precisely that of cannabis. The regulations from Food and Drug Administration and the European Food Safety Authority are necessary for products with hemp seeds. The hemp-based products take a long time for approval. In addition, concerns about potential THC contamination and the need for standardized testing protocols may raise uncertainty and caution among certain consumer groups.

Hemp Seeds Market Segment Analysis 

The global hemp seeds market is segmented based on form, application, distribution channel, and region.

In the Global Hemp Seeds Market, the Whole Hemp Seed Segment Holds the Largest Market Share. 

The global hemp seeds market has been segmented by form into whole hemp seed, hulled hemp seed, hemp protein powder, and others. The whole hemp seed segment held the largest hemp seeds market share of 38.8% in 2022 in the hemp seeds market analysis report. The stable nature of the whole hemp seed in the air is driving the segment’s growth. 

The whole hemp seeds are very stable to denaturation and have excellent oxidative stability. Furthermore, whole hemp seeds are composed of good nutrient content. The dietary fiber, minerals, plant-based protein, vitamins, and essential fatty acids are fully loaded in these seeds. The increasing availability of whole hemp seeds in supermarkets, health food stores, and online platforms boost the growth of the target segment. 

Global Hemp Seeds Market Geographical Penetration

The North America Held the Largest Share of the Global Hemp Seeds Market.

The global hemp seeds market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American hemp seeds market held the largest market share of 38.6% in 2022 in the hemp seeds market analysis. The increasing acceptance of hemp as a versatile crop is increasing the hemp seeds market growth in this region.

The rising demand for plant-based and sustainable products has contributed to the popularity of hemp seeds in North America. In addition, the legalization of hemp cultivation and the rising awareness of its nutritional benefits have driven regional market growth. The increasing consumption of the crop and also increasing its usage in other food and personal care products also fuels this region’s market growth.

Hemp Seeds Market Major Key Players

The major global players in the market include Manitoba Harvest, Hemp Oil Canada Inc., Canah International, Hempflax BV, BAFA neu GmbH, Liaoning Qiaopai Biotech Co., Ltd., North American Hemp & Grain Co., Yunnan HuaFang Industrial Hemp Co Ltd., GFR Ingredients Inc., and Naturally Splendid Enterprises Ltd.

COVID-19 Impact on Hemp Seeds Market

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

The unprecedented COVID-19 pandemic in 2020 profoundly affected the food support and services industry. Covid-19 has considerably impacted the global food supply chain phases involving hemp seeds production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments. 

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the food support and services industries as well. The COVID-19 pandemic is upending life, and the food support and service sector is seeing increased trends like hemp seeds. The food support and service businesses are launching innovative programs, including hemp seeds, that are straightforward to utilize.

By Form

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

By Application

• Food & Beverages
• Personal Care Products
• Industrial Products
• Others

By Distribution Channel

• E-Commerce
• Specialty Stores
• Pharmacies
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In July 2023, India Hemp, and Co., has announced the launch of Hempboocha, the first hemp-based kombucha in India. Hempboocha is a harmonious fusion of the finest kombucha, made from hibiscus flowers, strawberries, lemon, and hemp seeds
• In May 2023, Hamperella announced the launch of hemp-based superfood products, including hemp-based protein powder, protein bars, seeds, oils, salad toppers, and flours.
• In Feb 2022, PepsiCo, an American multinational company, announced the launch of the Rockstar Energy drink that is infused with hemp seed, with legal restrictions as those made with cannabis compound.

Why Purchase the Report?

• To visualize the global hemp seeds market segmentation based on form, application, distribution channel, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of hemp seeds market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Hemp Seeds Market report would provide approximately 61 tables, 61 figures and 165 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies