PUBLISHER: The Business Research Company | PRODUCT CODE: 1710368
PUBLISHER: The Business Research Company | PRODUCT CODE: 1710368
Hemp seeds are highly nutritious seeds sourced from the cannabis sativa plant, known for their rich content of essential fatty acids, protein, and vitamins. They are widely used in various food products, dietary supplements, and health-oriented formulations due to their positive effects on nutrition and wellness. As a complete source of protein, they promote heart health and are abundant in essential fatty acids, making them an important addition to many diets.
The primary varieties of hemp seed include whole hemp seed, hulled hemp seed, hemp seed oil, hemp protein powder, and more. Whole hemp seeds are the unprocessed seeds of the hemp plant, retaining the entire seed along with its shell. They are nutrient-dense, providing a rich source of protein, fiber, and essential fatty acids, which are recognized for their health benefits, including enhancing heart health and aiding digestion. These seeds come from both conventional and organic sources and are available in various packaging options, such as pouches, jars, and tins. Distribution channels include supermarkets, hypermarkets, convenience stores, specialty shops, online retailers, and others, with applications spanning food and beverages, nutritional supplements, cosmetics, pharmaceuticals, textiles, personal care products, and more.
The hemp seed market research report is one of a series of new reports from the business research company that provides hemp seed market statistics, including hemp seed industry global market size, regional shares, competitors with an hemp seed market share, detailed hemp seed market segments, market trends and opportunities, and any further data you may need to thrive in the hemp seed industry. This hemp seed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hemp seed market size has grown rapidly in recent years. It will grow from $7.48 billion in 2024 to $8.38 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to growing demand for plant-based protein, increasing awareness of health benefits, rising use in cosmetics and personal care products, expansion of industrial applications, and rising popularity of organic and natural products.
The hemp seed market size is expected to see rapid growth in the next few years. It will grow to $13.02 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to rising consumer demand for sustainable food sources, increasing adoption in nutraceuticals and dietary supplements, expansion of hemp seed oil in skincare and cosmetics, regulatory changes supporting cultivation and production, and a growing trend toward vegan and vegetarian diets. Major trends in the forecast period include expansion of hemp seed applications in functional foods and beverages, technological innovations in hemp seed extraction and processing, development of new hemp seed-based snacks and protein bars, and development of hemp seed as a sustainable ingredient in food packaging.
The growing interest in vegan and plant-based diets is expected to significantly boost the hemp seed market in the future. These diets prioritize foods that come solely from plants, completely excluding animal products and by-products. The increasing popularity of vegan and plant-based diets is fueled by rising health awareness, concerns about animal welfare, and environmental sustainability. Hemp seeds serve as a nutrient-rich source of protein, essential fatty acids, and vitamins in these diets. For example, a January 2023 report from the Plant Based Foods Association, a U.S.-based organization, noted that plant-based food sales grew by 6.6% in 2022, up from 5.9% in 2021, along with a 10% increase in average retail prices. Thus, the demand for vegan and plant-based diets is set to drive growth in the hemp seed market.
Key players in the hemp seed market are concentrating on creating ready-to-use products infused with seeds, such as energy drinks, to broaden their market reach with distinctive hemp formulations. These hemp-infused energy drinks offer a natural source of protein, omega-3 fatty acids, and essential nutrients, providing increased energy along with potential health benefits. For instance, in February 2022, PepsiCo Inc. launched a new hemp seed-infused energy drink, Rockstar 'Unplugged,' in the U.S., following its success in Germany. This beverage blends hemp seed oil with spearmint and lemon balm, and features reduced caffeine (80 mg per 12-ounce can) to promote relaxation without causing drowsiness. Unlike some hemp products, it does not contain CBD, aiming to provide a more calming energy boost compared to traditional Rockstar drinks, which usually have higher caffeine levels (160-300 mg).
In July 2024, Fresh Hemp Foods Ltd., a Canadian food production company, acquired The Humble Seed for an undisclosed sum. This acquisition is intended to enhance Fresh Hemp Foods' wellness product offerings, integrate The Humble Seed brand into its manufacturing and distribution framework, and improve consumer awareness of the benefits of hemp and other super seeds. The Humble Seed specializes in producing hemp seed-based crackers.
Major companies operating in the hemp seed market are Nutiva Inc., Konoplex Group, Liaoning Qiaopai Biotech Co Ltd, Manitoba Harvest Fresh Hemp Foods Ltd., Ecofibre Limited, Navitas Organics, PharmaHemp, Z-Company BV, Canah International, GFR Ingredients Inc, North American Hemp & Grain Co, Dun Agro BV, Naturally Splendid Enterprises Ltd, Global Hemp Group Inc, Entoura Inc, HempLand USA, CBD Living, The Hemp Mine, Cannabis Sativa Inc, Valley Bio LTD, Green Source Organics
North America was the largest region in the hemp seed market in 2023. The regions covered in the hemp seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hemp seed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hemp seed market consists of sales of hemp seed-based meals, hemp-based snacks, and hemp seed-based dietary supplements. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hemp Seed Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hemp seed market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hemp seed ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hemp seed market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.