Hemp Seed Protein Market Size, Share, Trends Analysis, 2032

Hemp Seed Protein Market: Industry Perspective

The global hemp seed protein market size was worth around USD 69.65 billion in 2023 and is predicted to grow to around USD 105.30 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.70% between 2024 and 2032. The report analyzes the global hemp seed protein market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hemp seed protein industry.

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Hemp Seed Protein Market: Overview

Hemp is called a superfood owing to its rich source of essential amino acids. It is a byproduct of hemp seeds containing a proper balance of oil, protein, and carbohydrates. Hemp seed has exceptionally high levels of the amino acid arginine. Hempseed typically contains over 30% oil and about 25% protein, with considerable amounts of dietary fiber, vitamins, and minerals.

Hempseed has been used to treat various disorders for thousands of years in traditional oriental medicine. Recent clinical trials have identified hempseed oil as a functional food, and animal feeding studies demonstrate the long-standing utility of hempseed as an important food resource. Improved economic conditions in well-developed countries along with rising disposable income due to which consumers have shown a willingness to spend on food products that are rich in hemp proteins to maintain their health are the factors driving the global hemp seed protein market growth.

Hemp Seed Protein Market: Report Scope

Hemp Seed Protein Market: Segmentation Analysis

While considering the form factor, the market has been classified into powdered and liquid forms. The powdered form is anticipated to gain substantial value over the forecast period. Hemp seed protein in powdered form is easily digestible and is used as an active ingredient in shakes and smoothies.

Hemp protein powders can contain different amounts of fiber depending on whether they were made from hulled or unhulled hemp seeds and whether additional fiber was added. Most hemp protein powders contain 7–8 grams of fiber per 1/4 cup (30 grams) and provide 18–28% of the recommended daily intake (RDI) of fiber for men and women respectively. Compared to other plant-based protein powders such as soy, pea, and rice are highly refined and contain very little fiber. Hemp protein powder is a great way to add both protein and fiber to the diet.

The global hemp seed protein market is further classified into food & beverages, pharmaceuticals, cosmetics, and others. There is a high demand for hemp protein in foods owing to its high fiber content. Studies have shown that consuming plant-based proteins can help in reducing the risk of diseases such as cardiovascular diseases and cancer. Moreover, it has various other benefits such as an immune-system booster, weight suppressant, and its ability to lower blood pressure and cholesterol.

Hemp Seed Protein Market: Regional Analysis

Based on the region, North America is anticipated to gain traction over the forecast timeline. This can be attributed to the strong demand for hemp seed protein from the United States. The trends of hemp products came in the U.S. in 2014 with the passage of the U.S. Farm Bill that allowed states to conduct hemp pilot programs. Still, hemp is a species of the cannabis plant, and its production in the U.S. is restricted.

Hemp Seed Protein Market: Competitive Analysis

The hemp seed protein market is highly consolidated, with major players including;

• Hemp Oil Canada
• Navitas Organics
• NOW Foods
• North American Hemp & Grain
• Manitoba Harvest
• GFR Ingredients
• Z-Company 
• among others.

The major strategies implemented by these leading companies in the market are new product launches, mergers & acquisitions, and partnerships. These companies are more focused on investing in innovations, collaborations, and expansions, to increase their market share.

This report segments the global hemp seed protein market as follows:

Global Hemp Seed Protein Market: Form Segment Analysis

• Powdered Form
• Liquid Form

Global Hemp Seed Protein Market: Application Segment Analysis

• Food & Beverage
• Pharmaceutical
• Cosmetics
• Others

Global Hemp Seed Protein Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa