What are the latest figures on the hemp seed market’s size and projected CAGR?
The hemp seed market size has grown rapidly in recent years. It will grow from $7.48 billion in 2024 to $8.38 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to growing demand for plant-based protein, increasing awareness of health benefits, rising use in cosmetics and personal care products, expansion of industrial applications, and rising popularity of organic and natural products.
The hemp seed market size is expected to see rapid growth in the next few years. It will grow to $13.02 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to rising consumer demand for sustainable food sources, increasing adoption in nutraceuticals and dietary supplements, expansion of hemp seed oil in skincare and cosmetics, regulatory changes supporting cultivation and production, and a growing trend toward vegan and vegetarian diets. Major trends in the forecast period include expansion of hemp seed applications in functional foods and beverages, technological innovations in hemp seed extraction and processing, development of new hemp seed-based snacks and protein bars, and development of hemp seed as a sustainable ingredient in food packaging.
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Which Market drivers have played a significant role in driving the hemp seed market?
The rising demand for vegan and plant-based diets is expected to propel the growth of the hemp seed market going forward. Vegan and plant-based diets focus on consuming foods derived entirely from plants, excluding all animal products and by-products. The increasing demand for vegan and plant-based diets is driven by growing health consciousness and concerns about animal welfare and environmental sustainability. Hemp seeds are used in vegan and plant-based diets as a nutrient-dense source of protein, essential fatty acids, and vitamins. For instance, in January 2023, according to the report published by the Plant Based Foods Association, a US-based food and beverage organization, in 2022, the plant-based food sales achieved 6.6% sales growth, up from 5.9% in 2021, with a 10% rise in average retail prices. Therefore, the rising demand for vegan and plant-based diets will drive the growth of the hemp seed market.
What are the key segments within the hemp seed market?
The hemp seedmarket covered in this report is segmented –
1) By Type: Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Other Types
2) By Source: Conventional, Organic
3) By Packaging: Pouches, Jars, Tins, Other Packaging Types
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Other Distribution Channels
5) By Application: Food And Beverages, Nutritional Supplements, Cosmetics, Pharmaceuticals, Textiles, Personal Care Products, Other Applications
Subsegments:
1) By Whole Hemp Seed: Organic Whole Hemp Seeds, Conventional Whole Hemp Seeds
2) By Hulled Hemp Seed: Organic Hulled Hemp Seeds, Conventional Hulled Hemp Seeds
3) By Hemp Seed Oil: Cold-Pressed Hemp Seed Oil, Refined Hemp Seed Oil, Unrefined Hemp Seed Oil
4) By Hemp Protein Powder: Organic Hemp Protein Powder, Conventional Hemp Protein Powder, Flavored Hemp Protein Powder
5) By Other Types: Hemp Seed Snacks, Hemp Seed Butter, Hemp Seed Flour
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Which key players are shaping the hemp seed market?
Major companies operating in the hemp seed market are Nutiva Inc., Konoplex Group, Liaoning Qiaopai Biotech Co Ltd., Manitoba Harvest Fresh Hemp Foods Ltd., Ecofibre Limited, Navitas Organics, PharmaHemp, Z-Company BV, Canah International, GFR Ingredients Inc., North American Hemp & Grain Co, Dun Agro BV, Naturally Splendid Enterprises Ltd., Global Hemp Group Inc., Entoura Inc., HempLand USA, CBD Living, The Hemp Mine, Cannabis Sativa Inc., Valley Bio Ltd., Green Source Organics
Which transformative trends will shape the hemp seed market landscape?
Major companies operating in the hemp seed market are focusing on seed-infused ready-to-use variants, such as energy drinks, to expand their market presence with a unique blend of hemp formulations. Energy drinks infused with hemp seeds provide a natural source of protein, omega-3 fatty acids, and essential nutrients, offering enhanced energy and potential health benefits. For instance, in February 2022, PepsiCo Inc., a US-based food and beverage company, launched a new hemp seed-infused energy drink, Rockstar ‘Unplugged,’ in the US, following its success in Germany. The drink combines hemp seed oil with spearmint, lemon balm, and reduced caffeine (80 mg per 12-ounce can) to promote relaxation without inducing sleep. Unlike some hemp products, it does not contain CBD. This new product aims to offer a more calming energy boost compared to traditional Rockstar drinks, which typically contain higher caffeine levels (160-300 mg).
How do regional factors impact the hemp seed market, and which region is the largest contributor?
North America was the largest region in the hemp seed market in 2024. The regions covered in the hemp seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Hemp Seed Market Report 2025 Offer?
The hemp seed market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hemp seeds are the highly nutritious seeds derived from the cannabis sativa plant, characterized by their high content of essential fatty acids, protein, and vitamins. They are commercially utilized in a range of food products, supplements, and health-oriented formulations due to their beneficial impact on nutrition and wellness. It provides a complete protein source, supports heart health, and is rich in essential fatty acids, making them a valuable addition to diets.
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