The global hemp seeds market size was worth around USD 6.49 billion in 2023 and is predicted to grow to around USD 13.89 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.94% between 2024 and 2032.
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Market Overview for Hemp Seeds
The hemp plant, Cannabis sativa, is the source of hemp fibers. Hemp is frequently confounded with marijuana due to their shared family affiliation; however, the two plants are significantly distinct. Marijuana constitutes over 20% of the psychoactive drugs, while hemp seeds contain less than 1%. Hemp seeds are a natural source of essential fats, iron, fibers, vitamins, amino acids, and proteins that are readily digestible. Hemp seeds are both secure and nutritious for consumption.
They are the most nutritive seed produced worldwide as a result of their high protein content. Hemp seeds are among the most potent nutrients available, and they contribute to an individual’s optimal health. Increased and sustained vitality, weight loss, rapid recovery from chronic injury or disease, lowered cholesterol and blood pressure, decreased inflammation, enhanced blood circulation, and a stronger immune system are among the numerous health benefits that raw hemp provides. Additionally, these seeds assist in the regulation of the body’s natural blood sugar level.
The study also provides an analysis of the competitive landscape of major vendors in the global hemp seeds market, as well as the market attractiveness and Porter’s Five Forces model. A detailed analysis and overview of each segment included in this comprehensive study are also provided.
Growth Drivers of the Hemp Seeds Market
The high demand for superior quality personal care products, cosmetics, protein supplements, and other health products is expected to be driven by the swiftly expanding global population and the increasing disposable income of individuals. This high demand for quality products is anticipated to have a positive impact on the global hemp seeds market growth over the forecast time period, as hemp seeds are utilized in these applications. The global hemp seeds market is anticipated to experience growth during the forecast period due to the aforementioned factors.
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The Global Hemp Seeds Market is segmented based on product, application and region
Global Hemp Seeds Market: Product Segment Analysis
● Whole Hemp Seed
● Hulled Hemp Seed
● Hemp Seed Oil
● Hemp Protein Powder
● Others
Global Hemp Seeds Market: Application Segment Analysis
● Nutritional Supplements
● Food and Beverages
● Pharmaceuticals
● Cosmetics
● Others
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The Global Hemp Seeds market profiles key players such as:
● Hemp Oil Canada
● CHII Naturally Pure Hemp
● Navitas Naturals
● Kenny delights
● Manitoba
● Green Source Organics
● Harvest Hemp Foods
● North American Hemp and Gain Co.
● GFR Ingredients
Regional Analysis of the Hemp Seeds Market
The historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa is encompassed in the regional segment.
Major revenue share of the global hemp seeds market was contributed by North America in 2023. Due to the increasing utilization of hemp seeds in a variety of applications, including personal care, cosmetics, and food and beverage, Europe held a substantial portion of the global hemp seeds market in 2023. The Asia Pacific hemp seeds market is expected to experience the highest CAGR over the estimated timeline, as a result of the growing demand for hemp seeds from the developing countries of China and India. Additionally, the hemp seeds market is anticipated to experience further development in the future due to the increasing consumer awareness of the health and nutritional advantages of hemp seeds..
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