Industrial Hemp Market

Industrial Hemp Market

Industrial Hemp Market Forecasts to 2030 - Global Analysis By Product (Fiber, Shives and Seeds), Type (Hemp Seed Oil, Hemp Seeds, Hemp Protein, Hemp Extract, Cannabidiol (CBD) Hemp Oil and Other Types), Source, Farm, Application and By Geography

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Published: 2023 ID: SMRC23801

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $2.34 BN

Projected Year Value (2030)

US $6.97 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

North America

According to Stratistics MRC, the Global Industrial Hemp Market is accounted for $2.34 billion in 2023 and is expected to reach $6.97 billion by 2030 growing at a CAGR of 18.4% during the forecast period. Industrial hemp is a Cannabis sativa cultivar that is not used to make drugs and has very little delta-9-tetrahydrocannabinol (THC) in it. They are genetically distinct forms of cannabis and are differentiated by their usage, chemical makeup, and practices of cultivation. For decades, industrial hemp has been utilized as a source of fiber and oilseed, and it is now widely employed to create a range of commercial and consumer goods worldwide. It is a crop with two uses: it may be produced for fiber and seeds.

According to the United States Department of Agriculture survey, the planted area for industrial hemp grown in the open for all utilizations in the United States totaled 54,152 acres and farmers in the United States produced USD 824 million worth of industrial hemp in 2021.

Market Dynamics:


Increasing demand from food and beverage sector

Hemp seeds may be baked with or used to make beverages like hemp milk. Because of their high protein content and ability to be eaten raw, hemp seeds are used in bird seeds and animal feed. Hemp seeds are rich in linoleic (omega-6) and linolenic (omega-3), two crucial fatty acids. Because they are a good source of the vitamins E, B1, B2, B6, and D, they are used in ready-to-drink beverages, energy drinks, snacks and cereals, soups, sauces, and baked products. As a consequence of all the aforementioned causes, it is estimated that throughout the projected period, the demand for industrial hemp from the food and beverage industry would rise considerably.


Complex regulations

Businesses marketing hemp and hemp-free products must adhere to a variety of international regulatory standards. It is challenging to adhere to the criteria since different varieties of hemp are legalized to varying degrees in different countries throughout the world. The intricacy is increased by the fact that state-by-state variations exist in hemp rules, especially those governing CBD (cannabidiol) and THC (tetrahydrocannabinol). Hemp oil's usage in personal care and cosmetic products is prohibited in several nations. The expansion of the industrial hemp industry is constrained by the strict laws governing its production, promotion, and sale.


Rising international trade and legalization

The growing product demand across countries where hemp has not been legalized favours its international trade. The industry benefits from the increasing legalization of industrial hemp cultivation through government support across countries. Hemp exports from Asian nations like China are also prompted by the demand for new processing facilities for hemp fiber processing in various nations. Governments from several nations have started programs to support the export of hemp and manufacturers, putting an emphasis on alliances and teamwork to increase their worldwide distribution. These factors are promoting market expansion.


Lack of top-of-the-line hemp processing facilities

As one of the biggest consumers of hemp-derived goods, the United States has seen a significant growth in its industrial hemp business since the government legalized the plant. However, there has been a paucity of suitable planting and harvesting tools. Due of their fragility, crop air seeders must be used with a little amount of air in the case of hemp speed. The biggest challenges for hemp fiber producers appear to be the absence of a core Cannabis germplasm collection as well as contemporary harvesting and cost-effective processing technology.

Covid-19 Impact

During the epidemic, many retailers and service providers had to close their doors permanently or temporarily. But hemp growers, processors, and sellers kept working in the pharmaceutical industry. The textile, paper, cosmetic, and food sectors all employ industrial hemp fibers, which are widely produced in China. In 2020, this sector was influenced by trade restrictions coming into and leaving China. The epidemic, however, sparked mental health problems in the populace, raising drug dependence as people looked for ways to reduce their anxiety throughout the lockdown, driving up the need for hemp cannabidiol (CBD) oil goods in many nations.

The hemp seeds segment is expected to be the largest during the forecast period

The hemp seeds segment is estimated to have a lucrative growth. Industrial hemp Seeds are high in protein, healthful fats, and magnesium. People can incorporate these into their diets in both sweet and savoury dishes. Hemp seeds are gaining considerable popularity in the food and nutraceutical markets, as they offer a valuable source of seeds, oil, and food products. The increased utilization of hemp seed oil in lotions, shampoos, soaps, cosmetics, and bath gels has further contributed to the market's growth.

The organic segment is expected to have the highest CAGR during the forecast period

The organic segment is anticipated to witness the fastest CAGR growth during the forecast period. Hemp grown conventionally is a non-GMO crop grown without the use of pesticides. Contrary to certified organic hemp, conventional hemp does not require the same exacting inspections and regulations. They are therefore less costly than hamp organic goods. The textile, pulp and paper sectors are increasingly using hemp that has been cultivated traditionally. Their demand on the market has also expanded due to their application in biofuel, building materials, furniture, and bioplastics.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Because of the comparatively high disposable income in North America, customers have more purchasing power and can spend more on high-end goods, including those made from industrial hemp. The population of the area is aging, and elderly customers frequently give skincare and health-related items first priority. The market in this region is expanding as a result of increased consumer awareness of the negative effects of UV radiation and investments in high-quality personal care products.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to its growing textile and pharmaceutical industries. Mexico is optimally positioned to carve even further into China’s manufacturing share of the market, particularly within the textile industry. The pharmaceutical industry in the United States is the largest in the world, accounting for more than 40% of worldwide pharmaceutical revenues. The aforementioned factors, coupled with government support, are contributing to the increasing demand for industrial hemp during the forecast period.

Key players in the market

Some of the key players profiled in the Industrial Hemp Market include Hemp Acres USA, Ilesol Pharmaceuticals, Silver Lion Farms, Bulk Hemp Warehouse LLC, Bomar Agra Estates LLC., International Flavors & Fragrances Inc, Green Passion (Canway Schweiz GmbH), InterCure Limited, Signature Products, Robertet, Victory Hemp Foods, Firmenich SA, Nutiva Hemp Oil, Charlotte's Web Holdings Inc., Manitoba Harvest (Tilray), Bast Fibre Technologies Inc., Hemp Oil Canada, HempFlax Group BV, Entoura and PharmaCielo Ltd.

Key Developments:

In January 2023, Bast Fibre Technologies Inc. (BFT), a Canadian natural fiber manufacturer, acquired Lumberton Cellulose LLC, a North Carolina, U.S.-based natural fiber processing facility. According to the company, the acquisition will help expand its manufacturing operation in North America to cater to the growing sustainable natural fiber demand.

In December 2022, InterCure Ltd., an Israel-based medical cannabis growing company, entered a definitive licensing agreement with Binske, a U.S.-based cannabis company. The deal would help grant a multi-year exclusive right to market, distribute, and manufacture Binske-branded products in pharmaceutically-advanced markets such as Australia, the U.K., Israel, and Germany.

Products Covered:
• Fiber
• Shives
• Seeds

Types Covered:
• Hemp Seed Oil
• Hemp Seeds
• Hemp Protein
• Hemp Extract
• Cannabidiol (CBD) Hemp Oil
• Other Types

Sources Covered:
• Organic
• Conventional

Farms Covered:
• Indoor
• Outdoor

Applications Covered:
• Automotive
• Textiles
• Furniture
• Food & Beverages
• Animal Care
• Construction Materials
• Personal Care
• Paper
• Healthcare Supplements
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Industrial Hemp Market, By Product
5.1 Introduction
5.2 Fiber
5.3 Shives
5.4 Seeds

6 Global Industrial Hemp Market, By Type
6.1 Introduction
6.2 Hemp Seed Oil
6.3 Hemp Seeds
6.4 Hemp Protein
6.5 Hemp Extract
6.6 Cannabidiol (CBD) Hemp Oil
6.7 Other Types

7 Global Industrial Hemp Market, By Source
7.1 Introduction
7.2 Organic
7.3 Conventional

8 Global Industrial Hemp Market, By Farm
8.1 Introduction
8.2 Indoor
8.3 Outdoor

9 Global Industrial Hemp Market, By Application
9.1 Introduction
9.2 Automotive
9.3 Textiles
9.4 Furniture
9.5 Food & Beverages
9.6 Animal Care
9.7 Construction Materials
9.8 Personal Care
9.9 Paper
9.10 Healthcare Supplements
9.11 Other Applications

10 Global Industrial Hemp Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Hemp Acres USA
12.2 Ilesol Pharmaceuticals
12.3 Silver Lion Farms
12.4 Bulk Hemp Warehouse LLC
12.5 Bomar Agra Estates LLC.
12.6 International Flavors & Fragrances Inc
12.7 Green Passion (Canway Schweiz GmbH)
12.8 InterCure Limited
12.9 Signature Products
12.10 Robertet
12.11 Victory Hemp Foods
12.12 Firmenich SA
12.13 Nutiva Hemp Oil
12.14 Charlotte's Web Holdings Inc.
12.15 Manitoba Harvest (Tilray)
12.16 Bast Fibre Technologies Inc.
12.17 Hemp Oil Canada
12.18 HempFlax Group BV
12.19 Entoura
12.20 PharmaCielo Ltd

List of Tables
1 Global Industrial Hemp Market Outlook, By Region (2021-2030) ($MN)
2 Global Industrial Hemp Market Outlook, By Product (2021-2030) ($MN)
3 Global Industrial Hemp Market Outlook, By Fiber (2021-2030) ($MN)
4 Global Industrial Hemp Market Outlook, By Shives (2021-2030) ($MN)
5 Global Industrial Hemp Market Outlook, By Seeds (2021-2030) ($MN)
6 Global Industrial Hemp Market Outlook, By Type (2021-2030) ($MN)
7 Global Industrial Hemp Market Outlook, By Hemp Seed Oil (2021-2030) ($MN)
8 Global Industrial Hemp Market Outlook, By Hemp Seeds (2021-2030) ($MN)
9 Global Industrial Hemp Market Outlook, By Hemp Protein (2021-2030) ($MN)
10 Global Industrial Hemp Market Outlook, By Hemp Extract (2021-2030) ($MN)
11 Global Industrial Hemp Market Outlook, By Cannabidiol (CBD) Hemp Oil (2021-2030) ($MN)
12 Global Industrial Hemp Market Outlook, By Other Types (2021-2030) ($MN)
13 Global Industrial Hemp Market Outlook, By Source (2021-2030) ($MN)
14 Global Industrial Hemp Market Outlook, By Organic (2021-2030) ($MN)
15 Global Industrial Hemp Market Outlook, By Conventional (2021-2030) ($MN)
16 Global Industrial Hemp Market Outlook, By Farm (2021-2030) ($MN)
17 Global Industrial Hemp Market Outlook, By Indoor (2021-2030) ($MN)
18 Global Industrial Hemp Market Outlook, By Outdoor (2021-2030) ($MN)
19 Global Industrial Hemp Market Outlook, By Application (2021-2030) ($MN)
20 Global Industrial Hemp Market Outlook, By Automotive (2021-2030) ($MN)
21 Global Industrial Hemp Market Outlook, By Textiles (2021-2030) ($MN)
22 Global Industrial Hemp Market Outlook, By Furniture (2021-2030) ($MN)
23 Global Industrial Hemp Market Outlook, By Food & Beverages (2021-2030) ($MN)
24 Global Industrial Hemp Market Outlook, By Animal Care (2021-2030) ($MN)
25 Global Industrial Hemp Market Outlook, By Construction Materials (2021-2030) ($MN)
26 Global Industrial Hemp Market Outlook, By Personal Care (2021-2030) ($MN)
27 Global Industrial Hemp Market Outlook, By Paper (2021-2030) ($MN)
28 Global Industrial Hemp Market Outlook, By Healthcare Supplements (2021-2030) ($MN)
29 Global Industrial Hemp Market Outlook, By Other Applications (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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