Hemp Seeds Market Trends and Dynamic Demand by 2031

Hemp Seeds Market - An Overview
The global hemp seeds market is expected to witness strong growth during the forecast period between 2021 and 2031.

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Hemp seeds are obtained from hemp plant, Hemp seeds contain amino acids, fibers, essential fats, iron, vitamins, and antioxidants. Rich in protein content, hemp seeds have witnessed high demand among population sections who are health-conscious.

Some of the end-use industries which have deployed hemp seeds include food and beverages, personal care products, industrial products, and animal feed products.

COVID-19 pandemic adversely affected growth in global hemp seeds market. With rising cases worldwide, governments were forced to impose social distancing regulations and lockdowns in a bid to contain the spread of the virus.

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This led to shutting down of hemp seeds manufacturing units, which reduced product sales, decreasing product demand and lowering global market growth.

Hemp Seeds Market - Trends and Opportunities
Rising demand for ready-to-eat food products, especially among millennial population has emerged as key growth driver for global hemp seeds market.

Also, growing population sections turning vegan is expected to fuel the demand for food products rich in hemp seeds, which would, in turn, stimulate the growth in overall hemp seeds market.

Increasing consumer sections becoming health conscious is another factor that is projected to fuel the hemp seeds demand and trigger the growth in global hemp seeds market.'

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Other factors such as rapid urbanization, particularly in developing countries and rising disposable income among different population sections is projected to help in growth of hemp seeds market, in the years ahead.

Whole hemp seed is expected to make the largest contribution, in terms of revenue, to overall hemp seeds market because of growing product demand owing to increased presence of minerals and insoluble fibers.

Hemp Seeds Market - Competitive Landscape
The global hemp seeds market is extremely competitive, with the presence of several prominent market players. Many of these players are expected to account for a large share in the overall market, in future.

Prominent hemp seeds market players could sign collaborative agreements with smaller players in a bid to expand their market presence and increase their revenue shares.

R&D undertakings to produce improved quality hemp seeds could be a key, revenue-generating strategy for prominent hemp seeds market players, in the coming years.

Some of the leading players in the global hemp seeds market include Hemp Inc., Ecofibre, Konoplex, Dun Agro, and Colorado Hemp Works.

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Hemp Seeds Market - Regional Assessment
The global hemp seeds market is divided into five regions, namely, North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.

Europe is expected to emerge as maximum revenue-generating region in global hemp seeds market because of increasing consumer demand for hemp seeds and other healthy food products such as smoothies in countries such as UK and Germany.

Asia Pacific is anticipated to witness significant growth in overall hemp seeds market owing to increasing demand for personal care products in countries such as India and China as well as increased deployment of industrial hemp in various food supplements.

Leading players could establish manufacturing units in Asia Pacific countries that would function exclusively to produce improved quality of hemp seeds and help market growth in the region, in future.

North America is projected to witness strong growth in global hemp seeds market because of increased production and consumption of hemp seeds among population sections residing in countries such as US and Canada.

Other regions of the world such as Latin America and Middle East and Africa are anticipated to witness moderate growth in global hemp seeds market due to reduced presence of market players in countries belonging to both the regions.

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