Press release
Comprehensive Hemp Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Hemp Global Market Report 2025
The size of the hemp market has undergone significant expansion in recent years. Predictions indicate a growth from $7.12 billion in 2024 to $8.6 billion in 2025, experiencing a compound annual growth rate (CAGR) of 20.8%. The preceding growth can be credited to the escalating demand for textiles made from hemp, the surging popularity of products containing cb*d* derived from hemp, increasing awareness of the environmental advantages of hemp, the demand for sustainable and organic products, and an increase in industrial uses of hemp fiber.
In the forthcoming years, the hemp market is projected to experience significant growth. The market is anticipated to expand to $18.15 billion by 2029, with a compound annual growth rate (CAGR) of 20.5%. This growth during the predicted period can be linked to the increased funding in hemp research and development, its growing use in the automotive industry, the increasing demand for plant-based protein, consumer interest in eco-friendly materials, and the use of hemp in pharmaceutical applications. The forecast period will likely see key trends such as the use of hempcrete in sustainable construction, the integration of hemp in textile and fashion innovations, the development of hemp-based pharmaceutical products, improvements in hemp crop genetics for enhanced yield, and the creation of new food products derived from hemp.
What Is Stimulating Growth in the Hemp Market?
The escalating need for organic and natural products is forecasted to spur the expansion of the hemp market. An organic and natural product contains ingredients sourced from nature, devoid of synthetic chemicals, pesticides, or Genetically Modified Organisms (GMOs), in line with organic farming practices. It's the heightened awareness amongst consumers regarding health and environmental issues that fuel this rising preference for natural and organic products. Hemp affords an organic and natural product as its cultivation does not involve synthetic chemicals. It supports environmental sustainability and provides eco-friendly, versatile materials and nutrients. For example, in May 2023, a report from the Organic Trade Association, an American business association, stated that organic food sales in the US had exceeded $60 billion in 2022, marking the first-ever instance. The total organic sales, which included both food and non-food items, hit a record-breaking value of $67.6 billion. Organic produce alone contributed $22 billion, accounting for 15% of the total sales of fruits and vegetables in the nation. Hence, the heightened demand for organic and natural products is bolstering the hemp market's growth.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19085&type=smp
Which Key Market Leaders Are Driving Hemp Industry Growth?
Major companies operating in the hemp market are Tilray Brands Inc., Konoplex LLC, Liaoning Qiaopai Biotech Co. Ltd., Aurora cannabis* Inc., Ecofibre Limited, ENDOCA BV, CV Sciences Inc., Navitas Organics, Elixinol LLC, US Hemp Wholesale, HempFlax Group BV, Colorado Hemp Works, Bast Fibre Technologies Inc., Dun Agro Hemp Group, GFR Ingredients Inc., Hemp Inc., HempMeds PX LLC, MH Medical Co. Ltd., The Hemp Mine, Valley Bio Ltd., Green Source Organics, Kazmira LLC
What Are the Emerging Trends in the Hemp Industry?
Leading players in the hemp industry are concentrating on launching hemp-derived products such as menstrual pads, aiming to deliver a sanitary, absorbent, and comfortable method of managing menstrual cycles while guaranteeing ease and safety. The utilization of hemp in menstrual pads is due to its environmental-friendly, absorbent, and antimicrobial characteristics, acting as a sustainable and cozy replacement for conventional materials. For example, Mewalii, a Denmark-based creator of eco-friendly disposable pads, in February 2024, unveiled menstrual pads derived from Sero renewable hemp fibers. These Mewalii Menstrual Pads come with a 100% hemp fiber core and a topsheet that combines hemp with viscose for added plushness and absorbency. Mechanical methods are used to soften the hemp fibers to ensure complete biodegradability. The pads use hemp instead of cotton reducing water, pesticide, and land utilization and capitalizing on hemp's low ecological footprint and effective carbon capture.
What Are the Main Segments in the Hemp Market?
The hempmarket covered in this report is segmented -
1) By Product Type: Hemp Seed, Hemp Oil, Hemp Fiber
2) By Source: Conventional, Organic
3) By Farm: Outdoor, Indoor
4) By Application: Food And Beverages, Textiles, Personal Care And Cosmetics, Pharmaceuticals, Automotive, Construction, Other Applications
Subsegments:
1) By Hemp Seed: Whole Hemp Seeds, Shelled Hemp Seeds, Hemp Seed Protein Powder, Hemp Seed Oil
2) By Hemp Oil: Refined Hemp Oil, Unrefined Hemp Oil, Hemp Seed Oil, cb*d* Hemp Oil
3) By Hemp Fiber: Long Hemp Fiber, Short Hemp Fiber, Hemp Fiber Products, Hemp Fiber For Paper Production
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/hemp-global-market-report
Which Geographic Area Leads the Hemp Market?
North America was the largest region in the hemp market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Hemp Global Market Report?
- Market Size Analysis: Analyze the Hemp Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hemp Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hemp Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hemp Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19085
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Comprehensive Hemp Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034 here
News-ID: 3869176 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Hemp
Hemp Juice Market Complete Survey 2021-2028: Hemp CBD Ltd., Sana Hemp Juice, Kam …
Hemp juice is basically obtained from the upper part as well as the leaves of a hemp plant. To extract this juice, most of the juice manufacturers utilized low-speed juicers. The hemp juice usually contains high Calcium, Phosphorus, Magnesium, Selenium, Vitamin E, Zinc, Iron, and Vitamin A. In addition to that, this juice further reduces the risk of many diseases and promotes health. Many individuals mostly preferred hemp juice owing…
Global Industrial Hemp Market Growing Popularity and Emerging - Industrial Hemp …
The “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis,” A fundamental outline of the Industrial Hemp niche is presented by the Industrial Hemp report that entails definitions, classifications, applications together with industry chain framework. The Industrial Hemp report provides a far-reaching evaluation of necessary market dynamics…
Global Hemp Juice Market 2020 Future Trends - Blue Moon Hemp, Cloud 9 Hemp, HANO …
The “Hemp Juice Market by Nature (Organic and Conventional), by Form (Powder and Liquid), by End-Use (Household and Commercial), and by Distribution Channel (Direct Sales and Indirect Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2” A fundamental outline of the Hemp Juice niche is presented by the Hemp Juice report that entails definitions, classifications, applications together with industry chain framework. The Hemp Juice report provides a far-reaching evaluation of…
Hemp Juice Market 2020 Top Companies- Sana Hemp Juice, Cloud 9 Hemp, Blue Moon H …
Hemp Juice Market
Hemp juice is extracted from the leaves and upper part of the hemp plant. Majority of the hemp juice manufacturers are using specialized low-speed juicers to extract the juice. Due to increasing stress and speed of modern life, our body strives for energy and revitalization. Intake of hemp juice leads to revitalization & rejuvenation of the body parts and restores as well as regenerates the healthy lifestyle among…
Hemp-based Foods Market Future Outlook : Manitoba Harvest Hemp Oil Canada, Braha …
For in depth understanding of market and competitive landscape, this Hemp-based Foods Market research report serves a lot of parameters and detailed data about industry. The Hemp-based Foods Market report offers you steadfast knowledge and information of revolutionizing market landscape, what already exists in the Hemp-based Foods Market, future trends or what the market expects, the competitive environment, and strategies to plan to outshine the competitors. This information and…
Hemp Market: Hemp Production Services, Manitoba Harvest Hemp Foods, All American …
A new market research report on the Global Hemp market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global Hemp market. The Global Hemp analysis is broken down on different segmentation levels including Market By Product Type, By End Use, By Nature.
The Global Hemp Market accounted for USD XX.X Million in 2018. Further, the market is expected to reach to a…
