Industrial Hemp Market Analysis and Forecast to 2031: By Product (Seed, Oil, CBD), By Application (Food, Beverage, Personal Care), By Source, and By Region
Industrial hemp, sometimes known as hemp, is a type of Cannabis sativa plant that is grown specifically for commercial purposes. Industrial hemp is a low-cost, fast-growing plant that is also environmentally benign. It is also one of the world’s most versatile and long-lasting crops.
The market is being driven by an increase in demand for industrial hemp from businesses such as food and beverage, personal care, and animal care all around the world. Consumer awareness of the benefits of industrial hemp is expected to grow, as is legalization of industrial hemp cultivation in many countries. Industrial hemp is also being used in a variety of industries, including textiles, pharmaceuticals, food, beverage, personal care, construction & material, furniture, and paper.
The rising consumption of hemp-based products due to its different health advantages and higher occurrences of ailments such as epilepsy and other sleep disorders are contributing to the market’s growth. The complex legal system for the use of industrial hemp in many nations, on the other hand, is projected to stifle the product’s market expansion.
COVID-19 Impact Analysis:
With the abrupt breakout of the COVID-19 pandemic, a large number of countries enforced lockdowns and curfews, which had a significant influence on people’s lifestyles, health, and well-being, as well as manufacturing industries, limiting the expansion of the industrial hemp industry.
Report Coverage
| Report Attribute | Details |
|---|---|
| Historic Period | 2015-2020 |
| Forecast Period | 2022-2031 |
| Base Year | 2021 |
| Segments Covered | Type, Application, Source |
| Key Companies | Hempco, Ecofibre, Hemp Inc, Gencanna, Aurora Cannabis Inc., Agropro, Manitoba Harvest Hemp Foods, Hempro International, Green Source Organics, Hemp Foods Australia |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Key Trends and Drivers:
- Only small levels of tetrahydrocannabinol (THC) are found in hemp seeds produced from the plant “Cannabis sativa” . They are high in linoleic (omega-6) and linolenic (omega-3) essential fatty acids (omega-3).
- Hemp seeds have enough protein to be considered a valuable complement to a vegan diet, unlike most other plant-based foods, making it unique.
- Industrial hemp is a tough, durable natural fiber with little elasticity. Hemp fiber has the highest heat capacity ratio of all natural fibers and has excellent heat insulation.
Any Restraints or challenges:
- The laws governing hemp containing cannabidiol (CBD) and tetrahydrocannabinol (THC) vary greatly from state to state and country to country, complicating the commodity’s trading.
Segmentation:
By Type
- Hemp seed
- Hemp seed oil
- CBD hemp oil
- Hemp fiber
By Application
- Food
- Snacks & cereals
- Soup, sauces, and seasonings
- Bakery
- Diary & frozen desserts
- Others (cold cereals, pasta, chocolate spreads, and pet food)
- Beverages
- Hot beverages
- Sports & energy drinks
- Ready to drink
- Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
- Personal care products
- Textiles
- Pharmaceuticals
By Source
- Conventional
- Organic
Key Players:
- Hempco
- Ecofibre
- Hemp Inc
- Gencanna
- Aurora Cannabis Inc.
- Agropro
- Manitoba Harvest Hemp Foods
- Hempro International
- Green Source Organics
- Hemp Foods Australia
Recent Developments:
April 12 2022: Tilray Brands, Inc. a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced that the Company has signed a definitive agreement for a commercial and financial partnership with HEXO Corp.
April 13 2022: Greenrise Global Brands has announced the acquisition of a 51 percent interest in CannaCare Health. The acquisition provides immediate sales growth as CannaCare generated unaudited sales of €2,000,000 in 2021 from CBD wellness sales. The maximum sales performance goals for CannaCare Shareholders to earn additional payments are €4,000,000 in FY2022 and €10,000,000 million in FY2023.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Industrial Hemp Market Outlook
3.1. Industrial Hemp Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. Pestle Analysis
3.5. Value Chain Analysis
3.5.1. Raw Type Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and Retailers
3.6. Impact of Russia and Ukraine War On the Global Industrial Hemp Market
Chapter 4. Economic Impact of Covid-19
4.1. Overall Impact of Covid-19
4.2. Impact of Covid On the Global Industrial Hemp Market
4.3. Economic Impact Analysis
Chapter 5. Industrial Hemp Market by Application
5.1. Market Overview
5.2. Food
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Beverages
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Personal care products
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Textiles
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.6. Pharmaceuticals
5.6.1. Market Size and Forecast, 2021-2031 ($Million)
5.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Industrial Hemp Market by Type
6.1. Market Overview
6.2. Hemp seed
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Hemp seed oil
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. CBD hemp oil
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Hemp fiber
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Industrial Hemp Market by Source
7.1. Market Overview
7.2. Conventional
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Organic
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. Industrial Hemp Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.3. North America Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.4. North America Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.5. North America Industrial Hemp Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. U.S. Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.6.2. U.S. Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.6.3. U.S. Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.7. Canada
8.2.7.1. Canada Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.7.2. Canada Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.7.3. Canada Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.8.2. Mexico Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.2.8.3. Mexico Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.3. Europe Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.4. Europe Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.5. Europe Industrial Hemp Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.6.2. Germany Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.6.3. Germany Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.7. France
8.3.7.1. France Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.7.2. France Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.7.3. France Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.8. U.K.
8.3.8.1. U.K. Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.8.2. U.K. Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.8.3. U.K. Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.9. Spain
8.3.9.1. Spain Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.9.2. Spain Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.9.3. Spain Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.10.2. Italy Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.10.3. Italy Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.11. Russia
8.3.11.1. Russia Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.11.2. Russia Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.11.3. Russia Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.3.12. Rest of Europe
8.3.12.1. Rest of Europe Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.12.2. Rest of Europe Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.3.12.3. Rest of Europe Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Industrial Hemp Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.4. Asia-Pacific Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.5. Asia-Pacific Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.6.2. China Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.6.3. China Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.7. India
8.4.7.1. India Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.7.2. India Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.7.3. India Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.8. Japan
8.4.8.1. Japan Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.8.2. Japan Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.8.3. Japan Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.9.2. South Korea Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.9.3. South Korea Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.3. Rest of the World Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.4. Rest of the World Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.5. Rest of the World Industrial Hemp Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.6.2. Latin America Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.6.3. Latin America Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.7.2. Middle East Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.7.3. Middle East Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
8.5.8. Africa
8.5.8.1. Africa Industrial Hemp Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.8.2. Africa Industrial Hemp Market Size and Forecast by Type, 2021-2031, ($Million)
8.5.8.3. Africa Industrial Hemp Market Size and Forecast by Source, 2021-2031, ($Million)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions
Chapter 10. Company Profiles
10.1. Hempco
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product offerings
10.1.4. Key Strategic Initiatives
10.1.5. Swot Analysis
10.2. Ecofibre
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product offerings
10.2.4. Key Strategic Initiatives
10.2.5. Swot Analysis
10.3. Hemp Inc
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product offerings
10.3.4. Key Strategic Initiatives
10.3.5. Swot Analysis
10.4. Gencanna
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product offerings
10.4.4. Key Strategic Initiatives
10.4.5. Swot Analysis
10.5. Aurora Cannabis Inc.
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product offerings
10.5.4. Key Strategic Initiatives
10.5.5. Swot Analysis
10.6. Agropro
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product offerings
10.6.4. Key Strategic Initiatives
10.6.5. Swot Analysis
10.7. Manitoba Harvest Hemp Foods
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product offerings
10.7.4. Key Strategic Initiatives
10.7.5. Swot Analysis
10.8. Hempro International
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product offerings
10.8.4. Key Strategic Initiatives
10.8.5. Swot Analysis
10.9. Green Source Organics
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product offerings
10.9.4. Key Strategic Initiatives
10.9.5. Swot Analysis
10.10. Hemp Foods Australia
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product offerings
10.10.4. Key Strategic Initiatives
10.10.5. Swot Analysis
*the List of Company Is Subject To Change During the Final Compilation of the Report
Key Players:
- Hempco
- Ecofibre
- Hemp Inc
- Gencanna
- Aurora Cannabis Inc.
- Agropro
- Manitoba Harvest Hemp Foods
- Hempro International
- Green Source Organics
- Hemp Foods Australia
Segmentation:
By Type
- Hemp seed
- Hemp seed oil
- CBD hemp oil
- Hemp fiber
By Application
- Food
- Snacks & cereals
- Soup, sauces, and seasonings
- Bakery
- Diary & frozen desserts
- Others (cold cereals, pasta, chocolate spreads, and pet food)
- Beverages
- Hot beverages
- Sports & energy drinks
- Ready to drink
- Others (meal replacement drinks, beverage mixes, beverage concentrates, and juice drinks)
- Personal care products
- Textiles
- Pharmaceuticals
By Source
- Conventional
- Organic
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA