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 2024-2032”. The study provides a detailed analysis of the industry, including the global hemp seeds market share, trends, 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 US$ 1,038.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,409.0 Million by 2032, exhibiting a growth rate (CAGR) of 9.8% during 2024-2032.

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Global Hemp Seeds Market Trends:

The growing product adoption in the nutraceutical industry for its nutritional benefits, including omega-3 and omega-6 fatty acids, which support cardiovascular health, is propelling the market growth.

Additionally, the widespread product utilization in the personal care and cosmetics industries due to its skin-nourishing properties is contributing to the market growth. Besides this, the ongoing changes in regulations and the legalization of hemp cultivation in various countries, which are opening new markets and encouraging investment in hemp seed production, are driving the market growth.

Furthermore, recent technological advancements in hemp processing, which are enhancing the quality and shelf life of hemp seeds, making them more appealing to consumers, are acting as another growth-inducing factor.

Factors Affecting the Growth of the Hemp Seeds Industry:

·         Rising Health Awareness:

The rising health awareness among consumers is a major factor driving the growth of the hemp seeds market. As more people become conscious of their dietary choices and the impact on their overall health, there is a growing shift toward natural and nutrient-dense foods. Hemp seeds are rich in essential nutrients, including omega-3 and omega-6 fatty acids, protein, vitamins, and minerals, making them a highly desirable addition to a health-focused diet. Compared to other seeds, hemp seeds provide a complete source of protein, containing all nine essential amino acids, which are crucial for muscle development, hormone production, and immune function.

Additionally, the high fiber content in hemp seeds promotes digestive health and helps maintain stable blood sugar levels, which is particularly important for individuals managing conditions like diabetes. The unique balance of fatty acids in hemp seeds is also beneficial for cardiovascular health, as they help reduce inflammation and lower cholesterol levels.

·         Demand for Plant-Based Proteins:

The demand for plant-based proteins is significantly driving the growth of the hemp seeds market. As global dietary preferences shift towards vegetarianism, veganism, and flexitarianism, there is an increasing need for alternative protein sources that are sustainable and nutritionally complete. Hemp seeds have emerged as a popular choice due to their high protein content and complete amino acid profile, making them an excellent substitute for animal-based proteins. Compared to other plant-based proteins, hemp seeds are easily digestible and free from common allergens such as soy or gluten, making them suitable for a wide range of consumers with dietary restrictions.

Additionally, the growing trend of fitness and bodybuilding has spurred interest in plant-based proteins, with hemp seeds being a favored option for protein supplements, shakes, and bars.

·         Increasing Use in Food and Beverages:

The increasing use of hemp seeds in the food and beverage (F&B) industry is a pivotal factor contributing to the market's expansion. Hemp seeds are being incorporated into a diverse array of products, including snacks, cereals, baked goods, protein bars, and beverages like smoothies and milk alternatives. Their mild, nutty flavor and crunchy texture make them a versatile ingredient that enhances both the taste and nutritional profile of food products.

Furthermore, the shifting trend toward functional foods has accelerated the inclusion of hemp seeds in many recipes, as they are rich in protein, healthy fats, and fiber. The versatility of hemp seeds also extends to various dietary lifestyles, including keto, paleo, and gluten-free, making them a popular choice for health-conscious consumers.

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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