Global Hemp Seeds Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hemp Seeds Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hemp seeds are very high in polyunsaturated fatty acids, up to 80% of all fats.

Hemp seeds are free from allergens, like gluten or lactose.

Market Overview:

The latest research study on the global Hemp Seeds market finds that the global Hemp Seeds market reached a value of USD 268.42 million in 2022. It’s expected that the market will achieve USD 415.06 million by 2028, exhibiting a CAGR of 7.53% during the forecast period.

Opportunities

More and more countries are now legalizing industrial cannabis. As of January 2019, 41 countries worldwide declared medical marijuana legal, and more than 50 countries declared the CBD legal, with Uruguay and Canada being the only two countries in the world that legalize the use of cannabis (including industrial cannabis and recreational cannabis). However, strict regulations are still imposed on the amount of cannabis. On December 20, 2018, the United States achieved legalization of industrial cannabis nationwide. The legalization of industrial cannabis will provide more opportunities for the cannabis seed market.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Manitoba Harvest, Yunnan Industrial Hemp and LIAO LING Qiaopai Biotech with the revenue market share of 14.72%, 9.68% and 3.35% in 2018.

As Canada's first carbon neutral food manufacturer, Manitoba Harvest takes great pride in its sustainability efforts. Its team is proud to be the global leader in hemp food products, promoting health and wellness, and fostering positive change for the community and the environment.

Yunnan Huafang Industry Hemp Co., Ltd. is a joint venture company controlled by Yunnan China Health Management Co., Ltd., relying on the resources of Yunnan China Health Management Co., Ltd. and foreign shareholder companies, mainly engaged in the research, development, cultivation and processing of industrial hemp; Trade, material supply and marketing; computer data processing and applications; economic information consulting; business information consulting; biotechnology development and application; goods and technology import and export business enterprises.

Segmentation Overview:

Among different product types, Shelled Hemp Seed segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hemp Seeds market covered in Chapter 3:

Agropro
Yunnan Industrial Hemp
HANF FARM
HempFlax
North American Hemp & Grain Co.
Canah International
Naturally Splendid
Manitoba Harvest
LIAO LING Qiaopai Biotech
BAFA Neu GmbH
Hem Poland

In Chapter 4 and Chapter 14.2, on the basis of types, the Hemp Seeds market from 2018 to 2029 is primarily split into:

Whole Hemp Seed
Shelled Hemp Seed

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hemp Seeds market from 2018 to 2029 covers:

Food
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)