IMARC Group, a leading market research company, has recently released a report titled “Hemp Seeds Market Report by Source (Conventional, Organic), Form (Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, and Others), Packaging (Pouches, Jars, Tins, and Others), Application (Food & Beverages, Nutritional Supplements, Pharmaceuticals, Cosmetics, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2025-2033”. The study provides a detailed analysis of the industry, including the global hemp seeds market trends, share, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global hemp seeds market size reached USD 1,140.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,645.0 Million by 2033, exhibiting a growth rate (CAGR) of 9.01% during 2025-2033.
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Hemp Seeds Market Trends in 2024
The hemp seeds market is set to grow significantly. This growth is due to changing consumer preferences and market trends. By 2024, demand is expected to surge, fueled by a growing interest in health and wellness. More food and drink products will include hemp seeds. Manufacturers aim to meet the demand for nutritious ingredients. The trend towards sustainability will boost hemp seeds' appeal. Consumers are seeking environmentally friendly options.
Innovations, like hemp protein powders and fortified snacks, will also drive growth. As regulations ease, more producers will enter the market. This will help meet the rising demand. In summary, 2024 will see strong growth. It will be driven by health awareness, sustainability, and better market access.
Market Dynamics of Hemp Seeds Market
Increasing consumer awareness of health benefits.
The hemp seeds market is booming. This surge is due to increased awareness of their health benefits. People are now more mindful of their diets. They value hemp seeds for their high protein and essential fatty acids. They also contain vitamins and minerals. This trend especially attracts health-conscious individuals and those seeking plant-based protein. Many people are drawn to hemp seeds for their benefits. Research supports that they improve heart health, aid digestion, and reduce inflammation.
So, brands are expanding their offerings. Now, they sell hemp seeds as oils, powders, and snacks. This caters to varied consumer preferences. The rise in awareness is boosting sales. It's also prompting manufacturers to highlight hemp seeds' nutritional advantages in marketing campaigns.
Growth of the Food and Beverage Sector
The food and beverage sector are crucial for the hemp seeds market. More companies are adding hemp seeds to their products. This is due to the rising demand for health-boosting foods. Hemp seeds are now in smoothies, energy bars, baked goods, and plant-based proteins. They attract both health fans and regular consumers.
Moreover, the trend for clear labeling and food sourcing is vital. Brands are now showcasing hemp seeds as natural and healthy. As more people look for nutritious and easy food, the use of hemp seeds will likely grow. This sector's growth not only increases the demand for hemp seeds but also sparks innovation. It leads to new products that match changing consumer preferences.
Regulatory Changes and Market Access
Regulatory changes in hemp farming and processing are shaping the hemp seeds market. They affect supply and demand. As more places ease hemp production rules, access to quality hemp seeds is improving. This helps farmers grow hemp, boosting seed availability for food and industry.
Moreover, the legalization of hemp products in some areas is opening new growth avenues, especially in health and wellness. Yet, the regulatory landscape is complex. Different rules impact market entry and product labeling. Companies that adapt, comply, and highlight hemp seeds' benefits will thrive. They will meet the rising demand. In summary, regulatory changes will shape the hemp seeds market. They will affect production and consumer access.
Hemp Seeds Market Report Segmentation:
By Source:
- Conventional
- Organic
Based on the source, the market has been divided into conventional and organic.
By Form:
- Whole Hemp Seed
- Hulled Hemp Seed
- Hemp Seed Oil
- Hemp Protein Powder
- Others
Whole hemp seed holds the majority of the market share due to their versatility in various culinary applications and their minimal processing, which retains all the natural nutrients.
By Packaging:
- Pouches
- Jars
- Tins
- Others
On the basis of packaging, the market has been divided into pouches, jars, tins, and others.
By Application:
- Food & Beverages
- Nutritional Supplements
- Pharmaceuticals
- Cosmetics
- Others
Food & beverages accounted for the largest market share as hemp seeds are increasingly incorporated into health-focused products, capitalizing on the rising demand for plant-based nutrition.
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Based on the distribution channel, the market has been classified into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.
- Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Asia Pacific's dominance in the market is attributed to the region's increasing adoption of hemp-based products, supported by favorable government policies and a growing consumer base focused on health and wellness.
Competitive Landscape with Key Players:
The competitive landscape of the hemp seeds market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- BAFA Neu GmbH
- Canah International Srl
- Deep Nature Project GmbH
- GFR Ingredients Inc.
- Green Source Organics Inc.
- Hempco Food and Fiber Inc. (Aurora Cannabis Inc.)
- HempFlax Group B.V.
- Liaoning Qiaopai Biotech Co. Ltd.
- Manitoba Harvest Hemp Foods (Tilray Inc)
- Naturally Splendid Enterprises Ltd.
- Navitas LLC
- North American Hemp & Grain Ltd.
- Yunnan Hua Fang Industrial Hemp Co. Ltd.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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