Industrial Hemp Market (2024 - 2034)
Industrial Hemp Market Study by Fiber and Seeds for F&B, Consumer Textiles, Personal Products, Industrial, Hemp CBD, Supplements, and Other Consumer Products from 2024 to 2034
Core Findings
Industrial Hemp Market Outlook (2024 to 2034)
The global industrial hemp market is projected to increase from a valuation of US$ 6.6 billion in 2024 to US$ 25.7 billion by the end of 2034. Sales of industrial hemp are evaluated to rise at a noteworthy CAGR of 14.5% from 2024 to 2034.
Industrial hemp, commonly referred to as cannabis, is gaining prominence in various medicinal and pharmaceutical applications. Hemp seeds contain fats, protein, and other beneficial compounds.
Many individuals are turning to hemp for relief from constipation, high cholesterol, eczema, arthritis, and other health conditions. Due to its protein-rich content, hemp is increasingly favored as a hunger-curbing option. Classified within the botanical family of cannabis sativa, industrial hemp is specifically cultivated for industrial and consumable purposes.
The trend of hemp-infused beverages is on the rise in mixology, driving global demand for industrial hemp. These seeds are considered a nutritionally complete food source, suitable for consumption whole or shelled. Health-conscious individuals across different regions are incorporating industrial hemp into their meals, contributing significantly to industrial hemp market growth.
Key Market Growth Drivers
- Farmers require less water and pesticides to cultivate hemp in large quantities, making industrial hemp a sustainable alternative to traditional crops.
- In addition to hemp seeds and oils, hemp trees are used for cordage, including twine, yarn, rope, cables, and string. Their strength and durability make them ideal for such purposes, offering industrial hemp suppliers an opportunity to expand their customer base.
- A study published in Food Chemistry indicates that hemp seed extract has antioxidant effects in lab tests. These compounds also exhibit neuroprotective and anti-inflammatory properties, contributing to immune system regulation.
- Omega-3 fatty acids from hemp seeds are believed by several doctors to improve heart health and reduce the risk of issues like arrhythmias and cardiovascular diseases.
- Increasing omega-3 intake has been shown to alleviate acne and chronic inflammation. As more people prioritize skincare and recognize the importance of appearance in a materialistic society, hemp oils are gaining popularity.
- Industrial hemp seeds contain polyunsaturated fatty acids, which have anti-cancer effects. In addition, they can process other bioactive compounds that help reduce the formation of cancer cells.
- These seeds also reduce the enzyme acetylcholinesterase, a primary factor in aging and a leading cause of certain brain disorders.
| Report Attribute | Detail |
|---|---|
| Industrial Hemp Market Size (2024E) | US$ 6.6 Billion |
| Forecasted Market Value (2034F) | US$ 25.7 Billion |
| Global Market Growth Rate (2024 to 2034) | 14.5% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 15% CAGR |
| China Market Value (2034F) | US$ 2.8 Billion |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Share (2034F) | 23.1% |
| Key Companies Profiled | HempFlax Group B.V; American Hemp; Manitoba Harvest; Endoca; Canopy Growth Corporation; Yunnan Industrial Hemp; Aurora Cannabis; Valley Bio Limited; Marijuana Company of America Inc.; Cronos Group Inc.; Hemp Oil Canada; Dun Agro Hemp Group; Colorado Hemp Works; Cannah International; South Hemp Tecno; MH Medical Hemp GmbH. |
Which Aspects are Benefitting Industrial Hemp Suppliers?
“Legalization of Industrial Hemp Farming by Several Governments”
Hemp suppliers are benefitting from the legality of industrial hemp farming due to government backing across borders. Furthermore, the growing number of legal industrial hemp production countries promotes hemp farming globally.
- In 2021, the United Nations Conference on Trade and Development reported that over 40 countries across the world produced raw or semi-finished hemp.
- The European Parliament increased the tetrahydrocannabinol (THC) standard for industrial hemp crops from 0.2% to 0.3% in December 2021, as part of the new Common Agricultural Policy (CAP) 2023.
- In July 2022, Minnesota allowed the sale of hemp-derived tetrahydrocannabinol (THC) edibles with up to five milligrams of delta-8 and delta-9 THC in each serving, with a maximum of fifty milligrams per package.
“Growing Emphasis on Sustainability Supporting Hemp Trade and Manufacturing”
Increased demand for hemp in countries where it has not been legalized is promoting international trade. The expanding popularity of hemp and hemp-based goods in textiles, medicines, and food, together with the global demand for sustainable products, presents tremendous potential prospects for industrial hemp suppliers. Hemp exports from Asia, including China, are driven by the demand for more hemp fiber processing facilities in other countries.
Many governments worldwide are promoting hemp trade and manufacturing through partnerships and collaborations to increase global distribution. All of these factors are contributing to the expansion of the industrial hemp market size.
- In December 2022, InterCure Ltd., an Israel-based medical cannabis growing firm, signed a formal licensing agreement with Binske, a United States-based cannabis company. According to InterCure Ltd., the agreement would offer a multi-year exclusive right to sell, distribute, and produce Binske-branded goods in pharmaceutical markets such as Australia, the United Kingdom, Israel, and Germany.
What is a Major Hurdle for Industrial Hemp Manufacturers in Expanding Their Customer Base?
“Non-uniformity of Laws Across Countries Leading to Compliance Challenges”
Key players in the market that sell hemp and hemp-derived goods must adhere to varied regulatory restrictions across the world. While different countries around the world have varying levels of legalization for different types of hemp, manufacturers and stakeholders may struggle to comply with strict regulatory norms governing the production and sale of industrial hemp across multiple states within the same country. Furthermore, the legislation governing hemp containing cannabidiol (CBD) and tetrahydrocannabinol (THC) varies widely by state, complicating the commodity's trade.
Many countries prohibit the use of CBD hemp oil in personal care and cosmetics. China only authorizes the use of hemp seed and hemp seed oil, whereas CBD is only allowed in cosmetic items. It has yet to acquire clearance from the United States FDA for use in food or medicinal applications.
Hemp-derived CBD is not yet authorized for industrial usage in Australia, Spain, or the Middle East. The legislation governing the selling, manufacture, and prescription of industrial hemp remains very complicated and varied among states and nations, making the business one of the most severely controlled.
Country-wise Evaluation
The industrial hemp market in Japan is forecasted to expand at a CAGR of 15.1% from 2024 to 2034. The country is expected to occupy an industrial hemp market share of 29.4% by the end of 2034.
What are the Opportunities for Hemp Suppliers in the United States?
“Growing Demand for Biodegradable Polymers and Biofuels and Rising Environmental Consciousness”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 700 Million |
| Growth Rate (2024 to 2034) | 15% CAGR |
| Projected Value (2034F) | US$ 2.9 Billion |
The industrial hemp market in the United States provides a plethora of opportunities for stakeholders to expand their product offerings. Aside from classic applications like textiles and oils, hemp-based products have the potential to be developed into new biodegradable polymers, ecological packaging, and even biofuels. This diversification, which is a key industrial hemp market trend, not only targets developing countries but also establishes hemp as a flexible and sustainable resource with applications in a variety of sectors.
How is South Korea Establishing Itself Amid Competition in the Market?
“Increased Investments in Research to Explore Applications of Hemp”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 300 Million |
| Growth Rate (2024 to 2034) | 15.3% CAGR |
| Projected Value (2034F) | US$ 1.4 Billion |
Increased investment in research is critical to realizing the full potential of industrial hemp. Research activities might concentrate on enhancing hemp genetics for increased output and quality, optimizing growing practices, and investigating new uses such as advanced nanomaterials or medicines. This investment not only encourages innovation but also lays the groundwork for the hemp industry's long-term growth and competitiveness in a continuously changing market.
Category-wise Insights
Based on the research published by Fact.MR, the market is classified into various segments, including nature and product type. The organic segment is calculated to expand at a noteworthy CAGR of 14.7% from 2024 to 2034.
Why are Hemp Seeds in Such High Demand?
“Low Saturated Fat and Zero Trans-Fat Content of Hemp Seeds”
| Attribute | Seeds |
|---|---|
| Segment Value (2024E) | US$ 3.6 Billion |
| Growth Rate (2024 to 2034) | 14.4% CAGR |
| Projected Value (2034F) | US$ 13.7 Billion |
Hemp seeds are in increased demand due to their remarkable properties and growing use in daily food intake. They are rich in tetrahydrocannabinol (THC), vitamins (D, E, B1, B2), and protein. Additionally, they have low saturated fats and zero trans-fat levels.
Rising consumer health consciousness and awareness of hemp seed benefits are contributing to global industrial hemp market growth. Furthermore, hemp seeds are increasingly used in various products, from culinary items to pharmaceuticals, driving their popularity.
Why Does Conventional Industrial Hemp Production Hold Prominence?
“Greater Cost-effectiveness of Conventional Hemp Production Compared to Other Methods”
| Attribute | Conventional |
|---|---|
| Segment Value (2024E) | US$ 3.4 Billion |
| Growth Rate (2024 to 2034) | 14.3% CAGR |
| Projected Value (2034F) | US$ 12.9 Billion |
The conventional method of hemp production is more cost-effective than advanced techniques. Consequently, suppliers often favor this approach for manufacturing purposes. By reducing production time, it enables suppliers to increase their supply, resulting in higher production and sales. This adaptation aligns with key trends in the market.
Business Rivalry
Hemp suppliers play a crucial role in the supply chain. To thrive and contribute effectively, key players in the industrial hemp market should focus on establishing reliable supply chains, managing costs efficiently, considering vertical integration, prioritizing product quality, and staying informed about market trends. By implementing these strategies, hemp suppliers can navigate the complex landscape and ensure sustainable growth.
- Green Thumb Industries Inc. bought Leafline Industries in December 2021. Leafline is now permitted to cultivate, process, and deliver cannabis to patients. This is enhancing the company’s market reach in Minnesota.
- In March 2021, Curaleaf Holdings Inc. paid US$ 286 million for Emmac Life Sciences, a European marijuana firm. Curaleaf's geographic reach is expected to extend to eight nations, including Portugal, Spain, Germany, Italy, and the United Kingdom.
- In May 2020, HempFlax BV, located in the Netherlands, bought Thermo-Natur, a German firm that manufactures natural fiber insulation, and started a building supply division.
Fact.MR provides detailed information about the price points of key industrial hemp suppliers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Key Segments of Industrial Hemp Market Research
-
By Nature :
- Organic
- Conventional
-
By Product Type :
- Fiber
- Seeds
-
By End Use :
- Food & Beverages
- Consumer Textiles
- Personal Products
- Industrial Application
- Hemp CBD
- Supplements
- Other Consumer Products
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Nature
- 6.2. Product Type
- 6.3. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Nature
- 7.1. Organic
- 7.2. Conventional
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 8.1. Fiber
- 8.2. Seeds
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 9.1. Food & Beverages
- 9.2. Consumer Textiles
- 9.3. Personal Products
- 9.4. Industrial Application
- 9.5. Hemp CBD
- 9.6. Supplements
- 9.7. Other Consumer Products
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by Nature, Product Type, End Use, and Region for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. HempFlax Group B.V
- 20.2. American Hemp
- 20.3. Manitoba Harvest
- 20.4. Endoca
- 20.5. Canopy Growth Corporation
- 20.6. Yunnan Industrial Hemp
- 20.7. Aurora Cannabis
- 20.8. Valley Bio Limited
- 20.9. Marijuana Company of America Inc.
- 20.10. Cronos Group Inc.
- 20.11. Hemp Oil Canada
- 20.12. Dun Agro Hemp Group
- 20.13. Colorado Hemp Works
- 20.14. Cannah International
- 20.15. South Hemp Tecno
- 20.16. MH Medical Hemp GmbH
- 21. Assumptions and Acronyms Natured
- 22. Research Methodology
List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Nature, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Nature, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Nature, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Nature, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Nature, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Nature, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
- Frequently Asked Questions -
How big is the industrial hemp market?
The market for industrial hemp is expected to reach US$ 6.6 billion in 2024.
What is projected for the global market through 2034?
The global industrial hemp market is forecasted to advance at a CAGR of 14.5% and reach US$ 25.7 billion by 2034.
Who are the leading market players in this space?
Prominent market players are HempFlax Group B.V., American Hemp, Manitoba Harvest, and Endoca.
How will Japan perform in the industrial hemp market?
The market in Japan is projected to reach a valuation of US$ 1.7 billion by 2034.
What is the expected market projection of Canada?
The Canadian market is foreseen to progress at a CAGR of 15% through 2034.
What are the forecasts for hemp seeds?
Sales of hemp seeds are projected to rise at a CAGR of 14.4% through 2034.
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