A Industrial Hemp Market Size, Share, and Outlook, 2025 Report- By Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), By Source (Conventional, Organic), By Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products

Industrial Hemp Market Outlook

Industrial Hemp Market Size is forecast to reach $50.9 Billion in 2032 from $13.7 Billion in 2025, at an optimistic growth rate of 20.3% from 2025 to 2032. The robust Industrial Hemp Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Industrial Hemp Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), By Source (Conventional, Organic), By Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products, Animal Nutrition, Paper, Construction Materials, Others). Over 70 tables and charts showcase findings from our latest survey report on Industrial Hemp Markets.

Industrial Hemp Market Insights, 2025: Industrial Hemp – Key Drivers and Opportunities

The industrial hemp market is driven by the growing demand for sustainable and eco-friendly materials across various industries, including textiles, bioplastics, construction, and healthcare. As industries increasingly focus on reducing their environmental impact, industrial hemp has emerged as a viable alternative to synthetic materials. The primary market driver is the shift towards natural, biodegradable, and renewable resources that can replace petroleum-based materials and reduce dependence on fossil fuels.

The health benefits of hemp-derived products, such as CBD oil and hemp seeds, have fueled significant growth in the wellness and nutraceutical sectors. Additionally, hemp fibers are being used in the production of eco-friendly textiles and biodegradable composites, which appeal to environmentally conscious consumers and industries. Hempcrete, a sustainable construction material made from hemp, is gaining traction in the building and green construction sectors as a lightweight, carbon-negative alternative to traditional concrete.

Furthermore, the legalization of hemp in many regions, particularly in North America and Europe, is opening new opportunities for large-scale cultivation and commercialization. The growing demand for sustainable packaging solutions and bioplastics offers considerable potential for industrial hemp-based products, reducing reliance on single-use plastics.

Five Trends that will define global Industrial Hemp Market in 2025 and Beyond

A closer look at the multi-million global market for Industrial Hemp Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Industrial Hemp Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Industrial Hemp Industry?

The Industrial Hemp Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Industrial Hemp Market Segment Insights

The Industrial Hemp Industry presents strong offers across categories. The analytical report offers forecasts of Industrial Hemp Industry performance across segments and countries. Key segments in the industry include- By Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Bast, Hemp Hurd), By Source (Conventional, Organic), By Application (Food & Beverages, Textiles, Pharmaceuticals, Personal Care Products, Animal Nutrition, Paper, Construction Materials, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Industrial Hemp Market size outlook is provided for 22 countries across these regions.

Industrial Hemp Industry Value Chain

The chapter identifies potential companies and their operations across the global Industrial Hemp Industry ecosystem. It assists decision-makers in evaluating global Industrial Hemp Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Industrial Hemp Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Industrial Hemp Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Industrial Hemp Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Industrial Hemp Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Industrial Hemp Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Industrial Hemp Market Insights- Executives are most excited about opportunities for the US Industrial Hemp Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Industrial Hemp Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Industrial Hemp Market.

Latin American Industrial Hemp Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Industrial Hemp Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Industrial Hemp Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Industrial Hemp Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Industrial Hemp Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include BAFA, Canah International, Colorado Hemp Works, Cronos Group Inc, Curaleaf Holdings Inc, Dun Agro Hemp Group, Ecofibre Ltd, Gencanna, Green Thumb Industries, Hemp Oil Canada, Hempflax BV, Konoplex Group, Marijuana Company Of America Inc, MH Medical Hemp GmbH, South Hemp Tecno.

Industrial Hemp Market Scope and Segmentation

By Type

Hemp Seed

Hemp Seed Oil

CBD Hemp Oil

Hemp Bast

Hemp Hurd

By Source

Conventional

Organic

By Application

Food & Beverages

Textiles

Pharmaceuticals

Personal Care Products

Animal Nutrition

Paper

Construction Materials

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Industrial Hemp Market Research-

BAFA

Canah International

Colorado Hemp Works

Cronos Group Inc

Curaleaf Holdings Inc

Dun Agro Hemp Group

Ecofibre Ltd

Gencanna

Green Thumb Industries

Hemp Oil Canada

Hempflax BV

Konoplex Group

Marijuana Company Of America Inc

MH Medical Hemp GmbH

South Hemp Tecno

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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