According to IMARC Group’s latest report, titled “Hemp Seeds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global hemp seeds market grew at a CAGR of around 7% during 2015-2020. Hemp seeds refer to the small, brown seeds of the Cannabis Sativa plant primarily grown for industrial use. They contain a high amount of minerals, protein, healthy fats, and fibers and are widely available in the form of shelled seed, whole seed, protein powder, hemp oil, etc. Hemp seeds offer various health benefits, such as boosting immunity, enhancing metabolism, treating inflammation, insomnia, chronic pain, etc. As a result, they find wide applications in the nutritional supplements, cosmetics, pharmaceuticals, and food and beverages industries.
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The increasing consumer health consciousness and rising awareness about various nutritional benefits of hemp seeds are primarily driving the hemp seeds market. Additionally, the growing cases of cancer across the globe are also augmenting the consumption of hemp-based products to relieve chemotherapy-induced nausea, fatigue, chronic pain, etc. Moreover, changing consumer preferences from high-calorie food items to protein-rich diets are further propelling the demand for hemp seeds. Besides this, the expanding pharmaceutical industry and the rising adoption of bioactive ingredients in drugs are also catalyzing the use of hemp seeds based on the high content of vitamins, antioxidants, iron, etc. In the coming years, the growing legalization of industrial hemp for use in food supplements and personal grooming products will continue to drive the global market for hemp seeds. Looking forward, IMARC Group expects the global hemp seeds market to exhibit continuous growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- BAFA Neu GmbH
- Canah International Srl
- Deep Nature Project GmbH
- GFR Ingredients Inc.
- Green Source Organics Inc.
- Hempco Food and Fibre 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.
Market Segmentation:
Breakup by Source:
- Conventional
- Organic
Breakup by Form:
- Whole Hemp Seed
- Hulled Hemp Seed
- Hemp Seed Oil
- Hemp Protein Powder
- Others
Breakup by Packaging:
- Pouches
- Jars
- Tins
- Others
Breakup by Application:
- Food Beverages
- Nutritional Supplements
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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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