Industrial Hemp Market was valued at USD 4.6 Billion in 2022 and is projected to reach USD 12.2 Billion by 2030, growing at a CAGR of 14.8% from 2024 to 2030.
The industrial hemp market has experienced significant growth in recent years due to its versatile applications across a range of industries. Hemp, derived from the Cannabis sativa plant, is primarily used in products such as textiles, biodegradable plastics, construction materials, food, and personal care. As a result, the market has seen a diversification of applications, ranging from agriculture to manufacturing. One of the primary drivers of growth in this market is the increasing demand for sustainable and eco-friendly products. The hemp plant's ability to be cultivated with minimal water, pesticides, and synthetic fertilizers positions it as a key player in the shift towards more sustainable practices globally. Furthermore, the legal acceptance of hemp in various regions, especially following the 2018 Farm Bill in the United States, has opened new opportunities for industry players and accelerated market expansion.
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Among the various applications of industrial hemp, the food and beverages sector is one of the fastest-growing areas. Hemp seeds, oils, and proteins are increasingly being used in the formulation of plant-based protein products, dairy substitutes, and snacks. Hemp's nutritional profile, which includes omega-3 fatty acids, protein, and fiber, has contributed to its growing popularity in the health and wellness industry. This demand is reflected in a broad range of new product launches and the rising consumer preference for natural, non-GMO, and plant-based foods. As awareness of the health benefits of hemp continues to spread, particularly in Western markets, the food and beverages segment is poised for continued expansion. The food industry's broad application of hemp is expected to drive significant market revenue in the coming years, aided by the growing trend towards clean label products and functional foods.
Supermarkets and convenience stores have become crucial retail channels for industrial hemp products, particularly as consumer demand for these goods rises. Hemp-based food products, such as hemp seeds, oils, and protein powders, are increasingly available on supermarket shelves, catering to the growing health-conscious consumer segment. These stores offer a wide range of hemp-related goods, from edibles to personal care products. With supermarkets and convenience stores being easily accessible to a large portion of the population, they play a pivotal role in driving mainstream adoption of industrial hemp products. The presence of such products in everyday shopping environments also helps normalize hemp consumption, ensuring its long-term success in the consumer marketplace. As the retail landscape continues to evolve, more supermarkets and convenience stores are expected to stock a wider array of hemp-based products to meet the demands of a diverse consumer base.
The "Others" subsegment refers to a variety of retail channels outside traditional supermarkets and convenience stores, such as health food stores, specialty retailers, e-commerce platforms, and direct-to-consumer outlets. These channels have become essential in meeting the demand for niche hemp products, such as hemp CBD items, skincare products, and hemp textiles. E-commerce platforms, in particular, have seen significant growth, providing consumers with a convenient way to purchase industrial hemp products. This trend is driven by the increasing popularity of online shopping and the desire for a broader selection of products. Additionally, specialized health food stores and wellness boutiques have also contributed to the growth of the hemp market, offering products that appeal to consumers interested in holistic health solutions. These diverse retail channels are helping industrial hemp achieve widespread distribution and recognition, expanding its market reach beyond traditional stores.
One of the most prominent trends in the industrial hemp market is the increasing demand for hemp-based cannabidiol (CBD) products. As the legal landscape surrounding cannabis and hemp evolves, CBD has gained significant attention for its potential therapeutic benefits. From wellness supplements to skincare products, the versatility of CBD is driving its widespread adoption in consumer goods. Furthermore, innovations in processing technologies and extraction methods have led to higher-quality CBD products, enhancing consumer trust and satisfaction. This trend is expected to continue growing, with CBD expected to remain a core component of the industrial hemp market for years to come.
Another key trend is the expansion of hemp-based alternatives to traditional materials, such as plastics and textiles. As global concerns over environmental sustainability and plastic pollution intensify, industrial hemp is emerging as a viable, eco-friendly alternative. Hemp-based bioplastics, for instance, offer a biodegradable solution to the growing plastic waste problem. Similarly, hemp fibers are being incorporated into textiles, providing a sustainable alternative to conventional cotton and synthetic fabrics. These innovations are driving the growth of industrial hemp in industries like automotive, fashion, and packaging. The increased adoption of sustainable manufacturing practices, along with government support for green initiatives, is expected to further propel these trends in the coming years.
The industrial hemp market is rife with opportunities across a variety of applications. With increasing consumer demand for natural and organic products, the food and beverage industry offers significant potential for growth. Hemp seeds and oils are highly valued for their nutritional content, making them a key ingredient in plant-based products. As consumer preferences continue to shift towards healthier, more sustainable food options, the demand for hemp-based products is likely to increase. Moreover, the rising awareness of hemp's environmental benefits positions it as a strong alternative to more resource-intensive agricultural crops, such as cotton. The potential for industrial hemp to drive positive change in agricultural practices presents a compelling opportunity for growth in the global market.
Beyond food and beverage, the industrial hemp market is seeing growing interest in hemp-based construction materials. Hempcrete, a bio-composite material made from hemp fibers and lime, is gaining traction as a sustainable building material that offers insulation and carbon sequestration benefits. As the world moves towards more sustainable construction practices, hemp-based materials are poised to become a key component of green building strategies. Additionally, the increasing use of hemp in biodegradable plastics and packaging presents an opportunity for businesses to align with consumer and regulatory demands for more environmentally friendly solutions. The continued focus on sustainability, coupled with technological advancements in hemp processing, opens a wealth of opportunities across various sectors.
What is industrial hemp used for?
Industrial hemp is used for a wide range of products, including textiles, biodegradable plastics, construction materials, food, and personal care items.
Is industrial hemp the same as marijuana?
No, industrial hemp and marijuana come from the same plant species but have different levels of THC, with hemp containing less than 0.3% THC.
Is hemp legal to grow?
In many countries, including the U.S. after the 2018 Farm Bill, it is legal to grow hemp for industrial purposes, provided it meets legal THC content thresholds.
What are the health benefits of hemp?
Hemp is rich in omega-3 fatty acids, protein, and fiber, making it beneficial for heart health, digestion, and overall wellness.
Can industrial hemp be used in clothing?
Yes, hemp fibers are used to make durable, eco-friendly clothing and textiles, offering a sustainable alternative to cotton and synthetic fabrics.
What is hempcrete?
Hempcrete is a sustainable construction material made from hemp fibers and lime, used for insulation and eco-friendly building projects.
How is hemp used in the food industry?
Hemp seeds, oil, and protein are used in various food products, such as protein powders, dairy alternatives, and snacks, for their nutritional benefits.
Can hemp be used to make plastic?
Yes, hemp can be used to create biodegradable plastics, offering an eco-friendly alternative to traditional petroleum-based plastics.
What are the environmental benefits of hemp cultivation?
Hemp requires fewer pesticides, water, and synthetic fertilizers compared to other crops, making it a more sustainable and eco-friendly option for agriculture.
What is the market outlook for industrial hemp in the coming years?
The market for industrial hemp is expected to grow significantly, driven by demand for sustainable products in industries like food, textiles, and construction.
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Manitoba Harvest
CW Hemp/CW Botanicals
Aphria
Canopy Growth Corporation
Nutiva
Agropro
CV Sciences
Isodiol
ENDOCA
Jinzhou Qiaopai Biotech
North American Hemp & Grain Co
Yunnan Industrial Hemp
GFR Ingredients Inc Hempco
Yishutang
Naturally Splendid
BAFA neu GmbH
Aos Products
Suyash Herbs
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 Global Industrial Hemp Market
Supermarkets
Convenience Stores
Others
Based on Types the Market is categorized into Below types that held the largest Industrial Hemp market share In 2023.
Hemp Seeds
Hemp Oil
Hemp Protein
Soft Gel Caps
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Industrial Hemp 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. Global Industrial Hemp Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Hemp Market, By Type
6. Global Industrial Hemp Market, By Application
7. Global Industrial Hemp Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Hemp Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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