Hemp Seeds Market Expected to Reach USD 494 million by 2025
Zion Market Research has published a new report titled “Hemp Seeds Market by Form (Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, and Others), by Application (Nutritional Supplements, Food & Beverages, Pharmaceuticals, Cosmetics, and Others), and by Distribution Channel (E-Commerce, Specialty Stores, Pharmacies, and Others): Global Industry by Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global hemp seeds market was approximately USD 319 million in 2018 and is expected to generate around USD 494 million by 2025, at a CAGR of around 6.4% between 2019 and 2025.
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 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.
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Based on type, the hemp seeds market is fragmented into hulled hemp seed, whole hemp seed, hemp protein powder, hemp seed oil, and others. The hemp seed oil segment contributed a major revenue share to the global market in 2018, due to the growing demand for hemp seed oil by personal care and cosmetic industries. The hemp seed oil has various skin benefits apart from consisting of crucial fatty acids that help in relieve eczema, dry skin, and various forms of skin irritations.
Based on application, the market is segmented into nutritional and wellness supplements, food and beverages, pharmaceuticals, cosmetics, and others. The nutritional supplements contributed a substantial revenue share in the global market in 2018, due to the increasing number of health-conscious consumers, which, in turn, generates a high demand for nutritious products.
By distribution channel, the global hemp seeds market includes e-commerce, specialty stores, pharmacies, and others. The e-commerce segment accounted for a significant market share in 2018, due to the rising popularity of online shopping among the consumers. Moreover, hemp-based food products are available in various specialty stores and pharmacies which is also predicted to further drive these segments’ growth in the upcoming years.
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By region, North America contributed major revenue share to the global hemp seeds market in 2018. Europe accounted for a significant share in 2018 in the global 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.
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., and GFR Ingredients.
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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
Global Hemp Seeds Market: Application Analysis
- Nutritional Supplements
- Food and Beverages
Global Hemp Seeds Market: Distribution Channel Analysis
- Specialty Stores
Global Hemp Seeds Market: Regional Analysis
- North America
- The U.S.