North America Hemp Seeds Market

North America Hemp Seeds Market Size (2022 - 2027)

North America 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 2027. 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 fibre 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 tetrahydrocannabinoids (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 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.

North America Hemp Seeds Market Drivers:

Factors driving for the growth of North America 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, limited number of skilled professionals and stringent regulations for the product use are hampering the growth of the market.

North America Hemp Seeds Market Segmentation:

North America Hemp Seeds Market – By Form:

• whole hemp seed

• shelled hemp seed

• hemp seed protein

• and hemp seed oil

North America Hemp Seeds Market – By Application:

• tea and hemp juice

• food containing hemp milk

• hemp fibre

• hemp sacks

• biofuel

• canvas

• paper

• ropes

• others

North America Hemp Seeds Market – By Distribution Channels:

• retailers

• online

• convenience stores

• others

Geographical Analysis:

The North America market has been geographically segmented into segmented into US and Canada. In most of the countries, it was made illegal to grow without government permission because of its relation to marijuana. The market in this area is rising due to the presence of leading companies in this area.

Major Key Players:

Key companies dominating in the North America 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.