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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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
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.
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.
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