Reports
Sale
Global Industrial Hemp Market Size, Share, Trends, Growth: By Source: Conventional, Organic; By Product Type: Hemp Seed, Hemp Fibre, Hemp Seed Oil, CBD Hemp Oil; By Application: Food and Beverages, Personal Care, Animal Care, Pharmaceuticals, Textiles, Construction Materials, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Industrial Hemp Market Outlook
The global industrial hemp market attained a value of USD 5,998.67 million in 2023. The market is estimated to grow at a CAGR of 19% during 2024-2032 to reach a value of USD 28,706.33 million by 2032.
The market is being driven by the rising demand from the textile industry. The product is cultivated to be used in the production of food and beverage, and non-food based products, without the use of toxic chemicals, fertilizers, and pesticides. In addition to this, the product is a renewable and environmentally efficient raw material for the production of materials, such as plastic, paper, and fuel.
The Asia Pacific is one of the fastest-growing regions for this industry and is expected to witness increased growth in the forecast period. The regional market is expected to witness a growth due to the ease of access to the raw materials and rising global demand for hemp from Asia.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Segmentation
Industrial hemp is the stalk, oil, seeds, and leaves of a variety of the cannabis sativa plant. The product is used to make industrial items, such as building materials, paper products, textiles, personal care items, health supplements, and much more.
Based on the source, the market is bifurcated into conventional and organic.
On the basis of product type, the market is divided into:
- Hemp Seed
- Hemp Fibre
- Hemp Seed Oil
- CBD Hemp Oil
- Others
By application, the market is categorised into:
- Food and Beverages
- Personal Care
- Animal Care
- Pharmaceuticals
- Textiles
- Construction Materials
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, and LAMEA.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
The global industrial hemp market is driven by the growing health and wellness sector. The market is accelerating owing to the extensive use of the product in various industries, such as textile, paper, food and beverage, personal care, construction, furniture, and automobile. The increasing geriatric population and rising skin diseases caused by the increased UV light exposure across the world are giving rise to the demand for personal care products, especially products with organic ingredients. Thus, the rising demand for organic personal care products is aiding the market growth. The rising use of the product as a textile yarn and as an alternative to cotton and synthetic fibres is further bolstering the market growth. In the coming years, the market is expected to be aided by the rising environmental awareness, changing government policies in several countries, and the increasing demand for the product.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Competitive Landscape
The report gives a detailed analysis of the following key players in the global industrial hemp market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Hemp Inc
- Manitoba Harvest Hemp Foods
- Bombay Hemp Company Private Limit
- HempFlax Group B.V.
- HPS Food & Ingredients Inc.
- Unrivaled Brands, Inc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Source |
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Hemp Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Hemp Historical Market (2018-2023)
8.3 Global Industrial Hemp Market Forecast (2024-2032)
8.4 Global Industrial Hemp Market by Source
8.4.1 Conventional
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Organic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Industrial Hemp Market by Product Type
8.5.1 Hemp Seed
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hemp Fibre
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hemp Seed Oil
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 CBD Hemp Oil
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Industrial Hemp Market by Application
8.6.1 Food and Beverages
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Personal Care
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Animal Care
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Pharmaceuticals
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Textiles
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Construction Materials
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Industrial Hemp Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 LAMEA
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
9 North America Industrial Hemp Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Industrial Hemp Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Industrial Hemp Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 LAMEA Industrial Hemp Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Africa
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code: 5302, 12079991, 12079901, 12079911, 12079910)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Hemp Inc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Manitoba Harvest Hemp Foods
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Bombay Hemp Company Private Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 HempFlax Group B.V.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 HPS Food & Ingredients Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Unrivaled Brands, Inc
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certification
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Hemp Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Hemp Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Industrial Hemp Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Industrial Hemp Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Industrial Hemp Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Industrial Hemp Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Industrial Hemp Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Industrial Hemp Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Industrial Hemp Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. LAMEA Industrial Hemp Historical Market: Breakup by Country (USD Billion), 2018-2023
17. LAMEA Industrial Hemp Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast 2018-2032
23. Europe Historical Price Trends and Forecast 2018-2032
24. Asia Pacific Historical Price Trends and Forecast 2018-2032
25. Latin America Historical Price Trends and Forecast 2018-2032
26. Middle East and Africa Historical Price Trends and Forecast 2018-2032
27. Global Industrial Hemp Market Structure
Key Questions Answered in the Report
In 2023, the global industrial hemp market attained a value of USD 5,998.67 million in 2023.
The market is projected to grow at a CAGR of 19% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 28,706.33 million by 2032.
The major drivers of the market, such as the rising demand from the textile industry, the increasing health and wellness sector, and the growing demand for organic personal care products are expected to aid the market growth.
The key trends propelling the market development include rising eco-consciousness, growing product awareness, evolving government policies regarding the use of industrial hemp in several countries, and the increasing demand for hemp-based products.
The major regions in the market are North America, Europe, Asia Pacific and LAMEA.
The major sources of industrial hemp in the market are conventional and organic.
The major product types in the market are hemp seed, hemp fibre, hemp seed oil, and CBD hemp oil.
The significant applications of industrial hemp include food and beverages, personal care, animal care, pharmaceuticals, textiles, and construction materials, among others.
The key market players are Manitoba Harvest Hemp Foods, Hemp Inc., Hemp Oil Canada Inc., HempFlax Group B.V., Hemp Production Services, and Unrivaled Brands, Inc, among others.
Analyst Review
The global industrial hemp market attained a value of USD 5,998.67 million in 2023, driven by the rising demand from the textile industry. Aided by the rising product awareness, the market is expected to witness a further growth in the forecast period of 2024-2032. The industrial hemp market is projected to reach USD 28,706.33 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the market can be bifurcated into conventional and organic. On the basis of product types, the market is divided into hemp seed, fibre, and seed oil, CBD Hemp oil, among others. On the basis of applications, the market is categorised into food and beverages, personal care, animal care, pharmaceuticals, textiles, construction materials, and others. The major regional markets for the product are North America, Europe, the Asia Pacific, and LAMEA. The key players in the above market include Hemp Inc, Manitoba Harvest Hemp Foods, Bombay Hemp Company Private Limit, HempFlax Group B.V., HPS Food & Ingredients Inc., Unrivaled Brands, Inc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER