Organic Hemp Market Size By Product [Hemp Seed (Food and Beverages, Animal Feed, Personal Care), Hemp Fiber (Biocomposites, Building Materials, Textiles, Pulp & Paper), Hemp Shives (Animal Bedding, Building Material, Garden Mulch), Hemp Dust (Animal Beddi

Organic Hemp Market Size By Product [Hemp Seed (Food and Beverages, Animal Feed, Personal Care), Hemp Fiber (Biocomposites, Building Materials, Textiles, Pulp & Paper), Hemp Shives (Animal Bedding, Building Material, Garden Mulch), Hemp Dust (Animal Bedding, Garden Mulch)], By Distribution Channel (Direct, Indirect), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2030

The global organic hemp market size is projected to grow commendably over 2022-2030, driven by the escalating investment in hemp fabric across the textile industry. This growth is attributed to the rise in spending on hemp fiber from USD 32 million to USD 54 million between 2018 and 2021.
The key attributes of this fiber include high strength and durability, making it suitable for use in textile and fabric applications. Additionally, products such as organic hemp seeds are utilized as a sustainable source of nutrition and cuisines worldwide. The growing acceptance of healthy diets is therefore expected to create lucrative opportunities for the manufacturers of organic hemp products over the upcoming years.
The organic hemp industry is divided in terms of distribution channel, product, and region.
Based on the distribution channel, the industry is categorized into direct and indirect segments. The direct segment is set to register a 13% CAGR through 2030.
Organic hemp oil and other related products are relatively new to customers within the direct selling industry. However, the robust presence of fast-growing direct-selling startups, such as Green Compass, that produce certified, organic, and advanced hemp products is likely to proliferate the industry size from the direct segment over the forecast period.
With respect to product, the hemp dust segment is poised to depict a CAGR of more than 11% through 2030. This is driven by the strong application scope of the product in biofuels, absorbents, plastics, eco-leather additives, biochar, animal bedding, and others.
Hemp dust is also ideal for use as a filament in 3D printers to develop an array of strong, pliable products, including eyeglasses and storage containers. Furthermore, biodegradability, durability, non-toxicity, and other favorable attributes are anticipated stimulate industry growth from this product segment over the years ahead.
From a regional frame of reference, the Latin America organic hemp industry is set to be valued at USD 18 million by 2030, which can be credited to the significant recovery of construction activities from the COVID-19 pandemic.
This recovery is characterized by an improving economic outlook and public investment in infrastructure projects in countries such as Mexico. These factors will increase the usage of hemp products, including shives, as preferred building materials, further fueling industry expansion in the region.
The Middle East & Africa region is projected to exhibit a CAGR of more than 12% through 2030, driven by the emergence of Saudi Arabia as a key market for cosmetic products. The country also has recorded high consumption rates of haircare and skincare products in recent years.
Since hemp is touted as a key ingredient in skincare, owing to its anti-inflammatory and antioxidant properties, the regional industry share is likely to witness an upsurge over the forthcoming years.