Hemp Seeds Market Growth or Demand Increase for what contain:
The global hemp seeds market is experiencing significant growth driven by increasing consumer awareness of its nutritional benefits and the expanding use of hemp seeds in various industries. Key factors contributing to market expansion include:Nutritional Benefits: Hemp seeds are rich in essential nutrients like protein, omega fatty acids, and vitamins, appealing to health-conscious consumers seeking plant-based alternatives.Legalization and Regulation: Favorable regulatory environments in regions such as North America and Europe have facilitated the cultivation and sale of hemp seeds, expanding market access.
Hemp Seeds Market CAGR Estimation:
Hemp Seeds Market size was valued at US$ 1058.47 Million in 2023 and the total Hemp Seeds revenue is expected to grow at 10.5% through 2024 to 2030, reaching nearly US$ 2129.20 Million.
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Hemp Seeds Market Segmentation:
by Form
Whole
Hulled
Seed Oil
Protein Powder
the whole hemp seed segment dominated the hemp seed market in the year 2023. This can be attributed to their stable nature and oxidation stability. Also, whole hemp seed is an excellent source of fibers that aid digestion. All in all, their rich nutritional profile is expected to propel the growth of this segment in the forecast period (2024-2030).
by Source
Conventional
Organic
by Packaging type
Pouches
Jars
Tins
Others
by Distribution channel
Direct
Indirect
Online
Modern trade format
Convenience stores
Departmental stores
Retails
Others
by Application
Food and Beverage
Personal Care Products
Industrial Products
Other
the segments are Food and Beverage, Personal Care Products, Industrial Products, and Others. The food and beverage segment dominated the global market in the year 2023. This segment is projected to witness the highest growth in the aforementioned forecast period. This growth can be correlated with their high demand in the global nutrition market. These can be eaten raw or used in salads.
Hemp Seeds Market Overview:
Industrial Hemp, otherwise known as Cannabis Sativa cultivated particularly for industrial and medicinal applications. It is used to make different food and medicinal products. It is converted into different types of commercial products, such as rope making, textile manufacturing, clothing industry ingredient, food, and animal feed, etc. Hemp seeds are mostly eaten raw, converted into hemp meal, or used in the form of dried sprout powder. The market are used to make a slurry in baking or drinks, like hemp milk. Hemp oil is obtained from the seed and it has many health benefits.
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Hemp Seeds Market Growth or Demand in which regions:
North America:North America dominates the hemp seeds market, propelled by the legalization of hemp cultivation and growing consumer preference for plant-based protein sources. The United States, in particular, leads in product innovation and market penetration, with a strong emphasis on organic and sustainable farming practices.
Europe:Europe follows closely, with significant growth in hemp seeds consumption driven by health-conscious consumers seeking organic and non-GMO food options. Countries like Germany and France are key markets due to favorable regulatory frameworks supporting hemp cultivation and product development.
Asia-Pacific:The Asia-Pacific region is experiencing rapid market expansion fueled by increasing health awareness and dietary shifts towards nutritious foods. Countries such as China and Australia are emerging as major producers and consumers of hemp seeds, supported by favorable agricultural policies.
Hemp Seeds Market Scope and Methodology:
As the global market for hemp seeds continues to expand, driven by increasing consumer awareness of its nutritional benefits and regulatory advancements, understanding its scope and methodologies becomes crucial for stakeholders across industries.
Scope of the Hemp Seeds Market:The hemp seeds market encompasses a wide array of products derived from hemp seeds, renowned for their rich nutritional profile including high protein content, omega fatty acids, and essential vitamins. The market spans various applications such as hemp oil, protein powders, snacks, and beverages, catering to a diverse consumer base seeking health-oriented and sustainable food options.
Key Methodologies:
Market Research Approach: Utilizing comprehensive research methodologies to gather quantitative and qualitative data, including primary interviews with key industry participants, market surveys, and analysis of secondary sources such as industry reports and regulatory frameworks.
Segmentation and Analysis: Segmenting the market based on product types (e.g., whole hemp seeds, hulled hemp seeds), applications (e.g., food and beverages, pharmaceuticals), distribution channels, and geographical regions to provide a holistic view of market dynamics and growth prospects.
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Hemp Seeds Market Key Players:
1. Manitoba
2. Green Source Organics
3. Harvest Hemp Foods
4. North American Hemp and Gain Co.
5. GFR Ingredients
6. Canah International
7. Yunnan HuaFang Industrial Hemp Co. Ltd.
8. Hempflax BV
9. BAFA neu GmbH
10. Liaoning Qiaopai Biotech Co., Ltd.
11. Naturally Splendid Enterprises Ltd.
12. Jinzhou Qiaopai Biotech
13. GIGO Food
14. Agropro
15. Yishutang
16. Deep Nature Project
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Key questions answered in the Hemp Seeds Market are:
• What is Hemp Seeds Market ?
• What is the growth rate of the Hemp Seeds Market?
• Which are the factors expected to drive the Hemp Seeds market growth?
• What are the different segments of the Hemp Seeds Market?
• What growth strategies are the players considering to increase their presence in Hemp Seeds?
• What are the upcoming industry applications and trends for the Hemp Seeds Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Hemp Seeds Market?
• What major challenges could the Hemp Seeds Market face in the future?
• What segments are covered in the Hemp Seeds Market?
• Who are the leading companies and what are their portfolios in Hemp Seeds Market?
• What segments are covered in the Hemp Seeds Market?
• Who are the key players in the Hemp Seeds market?
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