Hemp Seeds Market

Hemp Seeds Market Size (2022 - 2027)

Global Hemp Seeds Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Hemp or generally called Industrial hemp is native to the northern hemisphere and it is a variety of the Cannabis sativa plant species which is specifically grown for the industrial uses of its products. It is one of the fastest-growing plants and spun into usable fiber very quickly. It is industrially refined into textiles, paper, biodegradable plastics, clothing, biofuel, paint, food, and animal feed. It contains a small amount of naturally occurring tetrahydrocannabinol (THC) with unique phytochemical compositions and uses.

Hemp seed is the most nutritious seed in the world and it is a huge source of protein and minerals. It has the most concentrated balance of proteins, essential fats, vitamins, and enzymes combined with a relative absence of sugar, starches, and saturated fats. Hemp oil is used in body care products, cleaning products, health foods, textiles, and plastics. In medical use, it is used in the treatment of hormone problems, cancer, arthritis and joint pains, weight loss, digestive and heart disorders. Some countries have stringent regulations for the concentration of THC and permit only hemp that is bred with an especially low THC content.

MARKET DRIVERS

Factors driving for the growth of Hemp Seeds Market are growing health awareness, many health advantages and benefits of hemp seeds, it is used to reduce toxic substances and heals immune deficiency diseases, rich source of vitamins and nutrients, increase in disposable income, rise in population, growth in textile and fibre industry, product innovations and technology advancements. However, lack of awareness, a limited number of skilled professionals and stringent regulations for product use are hampering the growth of the market.

HEMP SEEDS MARKET REPORT COVERAGE:

Hemp Seeds Market Segmentation:

Hemp Seeds Market – By Form:

• Whole hemp seed

• Shelled hemp seed
• Hemp seed protein
• Hemp seed oil

Hemp Seeds Market – By Application:

• Tea and hemp juice
• Food containing hemp milk
• Hemp fibre
• Hemp sacks
• Biofuel
• Canvas
• Paper
• Ropes and others

Hemp Seeds Market – By Distribution Channel:

• Retailers
• Online
• Convenience stores
• Others

The market has also been geographically segmented into

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

In most of the countries, it was made illegal to grow without government permission because of its relation to marijuana. Asia-Pacific has the largest revenue due to the rising population, increase in disposable income and emerging population like India and China. It is followed by the Europe countries and North America owing to the largest producer and presence of leading companies in this area.

Key Players:

Key companies dominating in the Global Hemp Seeds Market are Navitas Naturals, North American Hemp and Grain co., Harvest Hemp Foods, Hemp Oil Canada, Green source organics, CHII Naturally Pure Hemp, Kenny delights, Manitoba and GFR Ingredients Inc.