Press release
United States Industrial Hemp Market to Reach USD 8.7 Billion by 2033, Growing at 20.1% CAGR
Market Size in 2024: USD 1.6 Billion
Market Forecast in 2033: USD 8.7 Billion
Market Growth Rate (2025-2033): 20.1%
United States industrial hemp market size reached USD 1.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.7 Billion by 2033, exhibiting a growth rate (CAGR) of 20.1% during 2025-2033. The growing demand for breathable and comfortable clothing options, increasing focus on maintaining a healthy lifestyle among people, and rising need to mitigate greenhouse gas (GHG) emissions and combat climate change represent some of the key factors driving the market.
Request Sample For PDF Report: https://www.imarcgroup.com/united-states-industrial-hemp-market/requestsample
United States Industrial Hemp Market Industry Trends and Drivers:
The United States industrial hemp market is experiencing significant growth, driven by increasing consumer demand for sustainable and eco-friendly products across various industries. The rising adoption of hemp-based materials in textiles, bioplastics, and construction is accelerating market expansion, as manufacturers seek renewable alternatives to traditional raw materials. Government initiatives supporting hemp cultivation and the relaxation of federal restrictions are further strengthening market dynamics, enabling farmers and businesses to explore new opportunities. The surge in research and development activities is fostering innovation, leading to improved hemp-derived products with enhanced properties and applications. Additionally, the growing awareness of hemp's versatility, including its use in personal care, food, and beverages, is broadening its market scope, making it an attractive investment opportunity for stakeholders.
A key driver of the United States industrial hemp market is the increasing demand for products in the health and wellness sector. The rapid expansion of the nutraceutical and pharmaceutical industries is propelling the adoption of hemp-derived recognized for its potential therapeutic benefits. Consumers are shifting towards plant-based solutions for pain management, anxiety relief, and overall well-being, prompting manufacturers to introduce innovative -infused formulations. Moreover, the legalization of hemp-based at the federal level is encouraging market participants to expand their product portfolios and distribution channels. Strategic collaborations between pharmaceutical companies, research institutions, and hemp cultivators are further enhancing product quality and accessibility, reinforcing the industry's long-term growth trajectory.
Sustainability concerns and advancements in agricultural technology are also shaping the United States industrial hemp market. Farmers are increasingly utilizing precision farming techniques, sustainable cultivation practices, and genetically optimized hemp varieties to maximize yield and quality. The crop's low environmental impact, including its ability to absorb carbon dioxide and improve soil health, is attracting interest from eco-conscious industries and policymakers advocating for green alternatives. Additionally, the integration of hemp into bioplastics, biofuels, and sustainable packaging solutions is positioning it as a crucial component of the circular economy. As consumer preferences shift towards sustainable products and regulatory frameworks continue to evolve, the industrial hemp market in the United States is set to witness robust expansion, offering diverse opportunities across multiple sectors.
United States Industrial Hemp Market Industry Segmentation:
The report has segmented the market into the following categories
Type Insights:
Hemp Seed
Hemp Oil
Hemp Fiber
Others
Source Insights:
Conventional
Organic
Application Insights:
Food and Beverages
Textiles
Personal Care Products
Pharmaceuticals
Others
Breakup by Region:
Northeast
Midwest
South
West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=20082&flag=C
Key highlights of the Report:
Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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 United States Industrial Hemp Market to Reach USD 8.7 Billion by 2033, Growing at 20.1% CAGR here
News-ID: 3873255 • Views: …
More Releases from IMARC Group
Fish Oil Processing Plant Setup Cost 2025: Project Details, Capital Investments, …
Fish oil is a nutrient-rich oil extracted from the tissues of oily fish such as salmon, mackerel, anchovies, and sardines. It is a major source of omega-3 fatty acids, particularly EPA (eicosapentaenoic acid) and DHA (docosahexaenoic acid), which are essential for heart, brain, and joint health. Fish oil is widely used in dietary supplements, pharmaceuticals, animal feed, cosmetics, and functional foods. It can be produced through processes like cooking, pressing,…
Electric Lawn Aerator Manufacturing Plant Report 2025: Project Economics, Setup …
An electric lawn aerator is a garden maintenance machine designed to perforate soil with small holes, allowing air, water, and nutrients to penetrate grass roots for healthier lawn growth. Powered by electricity, it offers an eco-friendly and efficient alternative to manual aeration, making it popular among homeowners, landscapers, and commercial property managers in Saudi Arabia's growing landscaping and green infrastructure sector.
Establishing an electric lawn aerator manufacturing plant involves designing durable…
Almond Flour Manufacturing Plant Project Report 2025: Industry Trends, Unit Setu …
Almond flour is a fine, nutrient-dense powder made from blanched or unblanched almonds that have been finely ground, serving as a popular gluten-free, low-carbohydrate alternative to wheat flour in baking and cooking. Rich in protein, healthy fats, vitamin E, magnesium, and dietary fiber, almond flour offers superior nutritional value with a naturally sweet, nutty flavor and moist texture. It is widely used in gluten-free baking, very low-carb and paleo diets,…
Garment Manufacturing Plant Setup Cost 2025: Machinery, Raw Materials, and Inves …
A garment is any piece of clothing worn on the body, such as shirts, dresses, pants, jackets, and accessories made from fabrics like cotton, polyester, wool, or blends. Garments are produced through processes like fabric cutting, stitching, designing, finishing, and packaging. The industry ranges from traditional tailoring to large-scale automated factories. Garments serve functional, cultural, and fashion purposes, making them one of the most essential consumer goods worldwide with continuous…
More Releases for United
AI Image Recognition Market Will Hit Big Revenues In Future | Google (United Sta …
According to HTF Market Intelligence, the Global AI Image Recognition market to witness a CAGR of 13.42% during the forecast period (2024-2030). The Latest Released AI Image Recognition Market Research assesses the future growth potential of the AI Image Recognition market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
Movable Walls Market By Top Key Players- Hufcor (United States), Dormakaba (Swit …
Global Movable Walls Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the electronic equipment market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external…
Military Personal Protective Equipment Market 2024 | 3M Ceradyne (United States) …
Military personal protective equipment has become a crucial and standard element of soldier equipment. One of the major factor driving the market is the increasing role of ground troops in different parts of the world such as Iraq, Afghanistan and India among others. The demand for military personal protective equipment is anticipated to be driven by modernization initiatives undertaken by several large defense spenders globally and various internal security threats,…
Internet of Things Market 2021 | Google Inc. (United States), Cisco Systems Inc. …
The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable and…
Logistics Market | Global Growing Industry Key Players - J.B. Hunt Transport Ser …
Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Logistics Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Logistics Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the…
Global Logistics Market 2024 | Key Players : J.B. Hunt Transport Services (Unite …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Logistics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
Request for a sample of this research report @ https://www.mrrse.com/sample/2184
Logistics is…
