Japan Hemp Oil Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 14.5% from 2024 to 2030.
Japan's hemp oil market is experiencing significant growth, driven by increasing consumer interest in health and wellness products. Hemp oil, extracted from the seeds of the hemp plant, is valued for its nutritional benefits, including a rich profile of omega-3 and omega-6 fatty acids, essential amino acids, vitamins, and minerals. These attributes align with Japan's cultural emphasis on natural and organic products, making hemp oil a sought-after commodity in the health food sector.
The market's expansion is also influenced by the rising popularity of cannabidiol (CBD) products. Since their introduction in 2019, CBD products have seen remarkable growth, with the market projected to reach approximately ÂĄ82.9 billion (around $629 million) by 2025. This surge is attributed to increased media coverage, a growing wellness culture, and a shift towards natural health remedies. The acceptance of CBD products has paved the way for broader hemp-derived offerings, including hemp oil, to gain consumer attention.
Industries such as cosmetics, wellness, and food are actively seeking hemp oil for its potential benefits. In the cosmetic sector, hemp oil is prized for its moisturizing and anti-inflammatory properties, making it a popular ingredient in skincare products. The wellness industry incorporates hemp oil into supplements aimed at promoting heart health, reducing inflammation, and supporting overall well-being. Additionally, the food industry utilizes hemp oil as a nutritious cooking ingredient and as a supplement in various food products, capitalizing on its health-promoting attributes.
However, the Japanese market operates within a stringent regulatory framework. The Cannabis Control Act imposes strict regulations on cannabis and its derivatives, including hemp. To be legally marketable, hemp products must contain zero THC (tetrahydrocannabinol). This necessitates rigorous compliance from businesses, influencing product development, marketing strategies, and consumer education efforts. Navigating these regulations is crucial for companies aiming to enter or expand within the Japanese hemp oil market.
Looking ahead, the Japanese hemp oil market is poised for continued growth, propelled by evolving consumer preferences, industry innovation, and a supportive regulatory environment. Businesses seeking to capitalize on this trend must prioritize product quality, ensure compliance with legal standards, and engage in effective consumer education to build trust and drive market adoption.
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Cannavest
Pharmahemp
ENDOCA
BAFA Gmbh
Protect Pharma Rakitovica
Biobloom Hemp
Deep Nature Project
Harmony
DragonflyCBD
MH medical hemp GmbH
Cannavest
Elixinol
HemPoland
Opencrop GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Hemp Oil Market
Cold-pressed Hemp Seed Oil
Refined Hemp Seed Oil
Hemp Essential Oil
Hemp CBD Oil
Hemp Protein Oil
Food & Beverage
Cosmetics & Personal Care
Pharmaceuticals
Nutraceuticals
Industrial Applications
Online Retail
Supermarkets/Hypermarkets
Health & Wellness Stores
Specialty Stores
Pharmacies
Organic Hemp
Conventional Hemp
Households
Food Manufacturers
Cosmetic Brands
Nutraceutical Companies
Medical Professionals
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Hemp Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Hemp Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Hemp Oil Market, By Type
6. Japan Hemp Oil Market, By Application
7. Japan Hemp Oil Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Hemp Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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