Hemp Seeds Market Size, Share, and Forecast To 2032

Hemp Seeds Market: Size

The global hemp seeds market size was worth around USD 6.49 billion in 2023 and is predicted to grow to around USD 13.89 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.94% between 2024 and 2032.

The report encloses a forecast and current estimate of the hemp seeds market on a global and regional force. The study provides the historical data from 2018 to 2022 along with a forecast period from 2024 to 2032 based on volume (Kilotons) and revenue (USD Billion).

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Hemp Seeds Market: Overview

Hemp seeds are obtained from the hemp plant, such as Cannabis sativa. Hemp is usually confused with marijuana, as it belongs to the same family; the two plants are quite different from each other. Hemp seeds consist of less than 1% of the psychoactive drugs, whereas marijuana comprises more than 20%. Hemp seeds are a natural assortment of easily digested proteins, amino acids, essential fats, iron, fibers, antioxidants, and vitamins. Hemp seeds are safe and healthy for consumption. They are the most nutritious seed produced across the globe due to their rich protein content. Hemp seeds are one of the most potent foods available, which support an individual’s optimal health. Raw hemp offers a broad spectrum of health benefits, which includes increased and sustained energy, weight loss, rapid recovery from chronic injury or disease, lowered cholesterol and blood pressure, decreased inflammation, enhanced blood circulation, and stronger immune system. These seeds further help in controlling the body’s natural blood sugar level.

The study also offers the market attractiveness and Porter’s Five Forces model analysis to gauge the competitive landscape of major vendors of the global hemp seeds market. This comprehensive study also provides a detailed analysis and overview of each segment included in the study.

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Hemp Seeds Market: Growth Drivers

The rapidly growing global population base and rising disposable income of people are likely to generate a high demand for better quality personal care products, cosmetics, protein supplements, and various other health products. As hemp seeds are used in these applications, this high demand for quality products is expected to positively impact the global hemp seeds market growth over the forecast time period. The aforementioned factors are expected to drive the global hemp seeds market growth over the forecast time period.

Hemp Seeds Market: Segmentation

The report segments the global hemp seeds market into form, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on type, the hemp seeds market is fragmented into hulled hemp seed, whole hemp seed, hemp protein powder, hemp seed oil, and others.

Based on application, the market is segmented into nutritional and wellness supplements, food and beverages, pharmaceuticals, cosmetics, and others.

By distribution channel, the global hemp seeds market includes e-commerce, specialty stores, pharmacies, and others.

Hemp Seeds Market: Report Scope

Hemp Seeds Market: Regional Analysis

The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. 

North America contributed major revenue share to the global hemp seeds market in 2023. Europe accounted for a significant share in 2023 in the global hemp seeds market, due to the rising use of hemp seeds in various applications, such as personal care, cosmetics, and food and beverage. The Asia Pacific hemp seeds market is predicted to register the highest CAGR over the estimated timeline, owing to the increasing demand for hemp seeds from developing countries of China and India. Moreover, the rising consumer awareness regarding the health and nutritional benefits of hemp seeds is also expected to further drive the hemp seeds market growth in the future.

Hemp Seeds Market: Key Players Analysis

Some key players operating in the global hemp seeds market include:

• Hemp Oil Canada
• CHII Naturally Pure Hemp
• Navitas Naturals
• Kenny delights
• Manitoba
• Green Source Organics
• Harvest Hemp Foods
• North American Hemp and Gain Co.
• GFR Ingredients

This report segments the global hemp seeds market into:

Global Hemp Seeds Market: Form Analysis

• Whole Hemp Seed
• Hulled Hemp Seed
• Hemp Seed Oil
• Hemp Protein Powder
• Others

Global Hemp Seeds Market: Application Analysis

• Nutritional Supplements
• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Others

Global Hemp Seeds Market: Distribution Channel Analysis

• E-Commerce
• Specialty Stores
• Pharmacies
• Others

Global Hemp Seeds Market: Regional Analysis

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