"The universal Hemp Seed Market research report equips clients with information about their business scenarios, enabling them to develop strategies for thriving in the market. The global market is expected to observe a moderately higher growth rate during the forecast period, with market drivers and restraints analyzed through a SWOT analysis. The report details historic data, current market trends, future product environments, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and technical progress in the related industry. Utilizing excellent practice models and research methods, this report supports businesses in identifying the greatest opportunities for prosperity in the market. It also covers strategic profiling of major players, an all-inclusive analysis of their basic competencies, and maintains the competitive landscape of the market for clients.
The best Hemp Seed Market research report offers remarkable industry insights and expertise on the most significant market opportunities necessary for successful business growth. This comprehensive market report provides an in-depth study of production capacity, consumption, import, and export for major regions worldwide. The application of business intelligence is integral in generating this report, ensuring thorough and extensive market insights. The persuasive Hemp Seed Market report presents market potential for each geographical region, considering growth rates, macroeconomic parameters, consumer buying patterns, preferences for specific products, and market demand and supply scenarios.
Hemp seed is regarded as the most nutritious seed in the world due to its numerous beneficial properties, as well as its use as an analgesic in pharmaceuticals. The global hemp seed market is expected to expand as a result of increased demand for hemp seeds over traditional herbal seeds due to their flexibility and as a core product for overall health improvement.
Data Bridge Market Research analyses that the global hemp seed market was valued at USD 6,029.30 million in 2022 and is expected to reach the value of USD 10,894.69 million by 2030, at a CAGR of 8.80% during the forecast period of 2023-2030.
Explore Further Details about This Research Hemp Seed Market Report https://www.databridgemarketresearch.com/reports/global-hemp-seed-market
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hemp Seed Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015-2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Product Type (Medicinal, Auto Flowering, Feminized, Regular, Others), Form (Whole Hemp Seed, Shelled Hemp Seed, Hemp Seed Oil, Hemp Seed Protein), Packaging (Pouches, Jars, Tins, Others), Application (Food, Tea and Hemp Juice, Hemp Sacks, Hemp Fibre, Others), Distribution Channel (Direct, Indirect) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Nhempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax Group B.V., (Netherlands), Konoplex (Russia), Hemp Oil Canada (Canada), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany) among others |
Market Opportunities |
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Hemp seeds refer to small, brown seeds of the Cannabis Sativa plant. They contain less than 1% of psychoactive drugs, whereas marijuana contains more than 20%. Hemp seeds are an excellent source of easily digestible proteins, fibers, amino acids, antioxidants, essential fats, iron, and vitamins.
Global Hemp Seed Market Dynamics
Drivers
- Growing adoption of healthy consumables as well as agricultural benefits associated with hemp seed
The growing demand for processed and ready-to-eat food products, particularly among millennials and the urbanized population, is driving up consumption of hemp-based cereals, bars, smoothies, yogurt, and so on. Furthermore, the prevalent vegan trend has resulted in a gradual shift away from meat and dairy products and toward hemp-based food items to maintain protein consumption levels.
- Growing demand for hemp based supplements and personal care products
Hemp is a versatile plant whose seeds are used to make nutritious food. It is related to Cannabis and is a member of the same family. As they contain both GLA (gamma-linoleic acid) and CLA (conjugated linoleic acid), they outperform chia and flax seeds. It also has a healthy fatty acid ratio, and 10 essential amino acids, and is high in dietary fibers. The main vitamins found in hemp seeds are phosphorus, potassium, sodium, magnesium, sulfur, calcium, iron, and zinc. Furthermore, hemp is considered allergy-free when compared to other plant protein sources.
Opportunity
Hemp seeds are used to make hemp biodiesel, which is suitable for use in any diesel-powered vehicle. Additionally, hemp can be used to produce ethanol, which is currently produced from food crops such as wheat and corn. This would result in increased food production efficiency. Another product that allows for the growth of industrial hemp is bioplastic. Hemp bioplastics are made from hemp seeds and CBD oil by-products. The growing consumer demand for sustainable goods, combined with corporate and government initiatives and support, is expected to fuel the growth of hemp-based biofuel and bioplastics.
Regional Analysis/Insights
- The Hemp Seed Market is analyzed and market size insights and trends are provided by country, component, products, end use and application as referenced above.
- The countries covered in the Hemp Seed Market reportare U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- North America dominatesthe Hemp Seed Market because of the region's high prevalence Hemp Seed Market
- Asia-Pacific is expectedto witness significant growth during the forecast period of 2022 to 2029 due to the focus of various established market players to expand their presence and the rising number of surgeries in this particular region.
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