PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616739
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616739
Organic Hemp Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Organic Hemp Market was valued at USD 146 million in 2023 and is projected to grow at a CAGR of 13.4% from 2024 to 2032. This growth is primarily fueled by the surging demand for organic and sustainable products, especially within the health and wellness sector. As consumers become more attuned to the environmental and health advantages of organic hemp like cultivated sans synthetic pesticides or fertilizers, the market sees heightened activity, bolstered by frequent product launches from industry leaders. For example, in March 2022, Lotus Organics+ expanded its beauty product lineup by introducing the "Hemp Youth Glow" line, featuring an array of skincare items, such as the Hemp Youth Glow Blissful Serum and Hemp Youth Glow Sleep Creme. Through 2032, the market is set for vigorous growth, spurred by the rising adoption of organic hemp in the textile and fashion sectors.
With a growing environmental consciousness, consumers are gravitating towards sustainable fibers like hemp, celebrated for its durability and minimal ecological footprint. This shift towards sustainable fashion is prompting designers and brands to weave hemp fibers into their collections, amplifying market demand. The overall industry is divided into application, distribution channel, and region. Among the segments, the indirect channel is projected to generate revenues exceeding USD 139 million by 2032. This channel encompasses wholesalers, retailers, and e-commerce platforms that bridge organic hemp products to consumers.
The surge in organic hemp's popularity across diverse retail avenues, notably health food outlets and online platforms, is propelling segment growth. Notably, e-commerce stands out as a pivotal distribution avenue, granting consumers easy access to a broad spectrum of organic hemp offerings. Forecasted to grow at a CAGR of over 13% through 2032, the hemp fiber segment is gaining traction. The textile industry increasingly favors hemp fiber for its strength, durability, and eco-friendliness.Beyond textiles, hemp fiber finds applications in biocomposites, insulation materials, and various industrial uses. This versatility, coupled with rising environmental concerns, bolsters demand in both consumer and industrial arenas. Moreover, innovations in processing techniques that elevate the quality and applicability of hemp fibers further fuel the segment expansion. Asia Pacific organic hemp market is set to reach a valuation of USD 129 million by 2032. The ascent is largely attributed to the burgeoning hemp cultivation in nations like China and India, spurred by favorable climates and supportive government policies.Furthermore, the region's escalating appetite for natural and organic products is propelling the market forward.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $146 Million |
| Forecast Value | $457 Million |
| CAGR | 13.4% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data Mining Sources
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
- 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunities
- 3.2.3.1 New markets/applications
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.1.1 Technology evolution
- 3.3.2. Pricing trend, by Region (USD/Ton)
- 3.3.2.1 North America
- 3.3.2.2 Europe
- 3.3.2.3 Asia Pacific
- 3.3.2.4 Latin America
- 3.3.2.5 Middle East & Asia
- 3.3.1 Manufacturing trends
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Direct
- 5.3 Indirect
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Hemp Seed
- 6.2.1 Food and beverages
- 6.2.2 Personal care
- 6.2.3 Hemp dust
- 6.2.4 Animal feed
- 6.3 Hemp Fiber
- 6.3.1 Biocomposites
- 6.3.2 Pulp & Paper
- 6.3.3 Building materials
- 6.3.4 Textiles
- 6.3.5 Hemp dust
- 6.4 Hemp shives
- 6.4.1 Animal bedding
- 6.4.2 Garden mulch
- 6.4.3 Building material
- 6.4.4 Hemp dust
- 6.5 Hemp dust
- 6.5.1 Garden mulch
- 6.5.2 Animal bedding
- 6.5.3 Hemp dust
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 The Tonik
- 8.2 Bioriginal Food & Science Corp.
- 8.3 Organicway Inc.
- 8.4 Connoils LLC
- 8.5 Manitoba Harvest Hemp Foods
- 8.6 Linwoods
- 8.7 Qemp Zero Peppermint
- 8.8 Pocono Organics
- 8.9 Lotus Organics+
- 8.10 Kemin Industries
