Press release
Rising Demand For Vegan And Plant-Based Diets Fuels Growth In Hemp Seed Market: A Significant Driver Propelling The Hemp Seed Market In 2025
Hemp Seed Market
What Is the Hemp Seed Market Size and Projected Growth Rate?
The hemp seed market size will increase from $7.48 billion in 2024 to $8.38 billion in 2025 at a CAGR of 11.9%. The growth is driven by the rising demand for plant-based protein, increased awareness of health benefits, greater use in cosmetics, expanding industrial applications, and the popularity of organic and natural products.
The hemp seed market size is forecast to reach $13.02 billion in 2029 at a CAGR of 11.7%. Growth drivers include rising consumer demand for sustainable food sources, adoption in nutraceuticals and supplements, hemp seed oil expansion in cosmetics, regulatory changes supporting cultivation, and trends toward vegan diets. Major trends include hemp seed applications in functional foods, innovations in seed extraction, new snacks and protein bars, and sustainable food packaging.
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What Are the Major Segments in the Hemp Seed Market?
The hemp seedmarket covered in this report is segmented -
1) By Type: Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Other Types
2) By Source: Conventional, Organic
3) By Packaging: Pouches, Jars, Tins, Other Packaging Types
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Other Distribution Channels
5) By Application: Food And Beverages, Nutritional Supplements, Cosmetics, Pharmaceuticals, Textiles, Personal Care Products, Other Applications
Subsegments:
1) By Whole Hemp Seed: Organic Whole Hemp Seeds, Conventional Whole Hemp Seeds
2) By Hulled Hemp Seed: Organic Hulled Hemp Seeds, Conventional Hulled Hemp Seeds
3) By Hemp Seed Oil: Cold-Pressed Hemp Seed Oil, Refined Hemp Seed Oil, Unrefined Hemp Seed Oil
4) By Hemp Protein Powder: Organic Hemp Protein Powder, Conventional Hemp Protein Powder, Flavored Hemp Protein Powder
5) By Other Types: Hemp Seed Snacks, Hemp Seed Butter, Hemp Seed Flour
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What Are The Driving Hemp Seed Market Evolution?
The rising interest in vegan and plant-based diets is supporting the hemp seed market. Motivated by health, environmental, and ethical concerns, more consumers are turning to plant-based options. Hemp seeds offer essential nutrients and fit well into such diets. The Plant Based Foods Association reported in January 2023 that plant-based food sales grew by 6.6% in 2022, with retail prices rising by 10%. Consequently, the shift to plant-based diets is advancing the hemp seed market.
Which Firms Dominate The Hemp Seed Market Segments?
Major companies operating in the hemp seed market are Nutiva Inc., Konoplex Group, Liaoning Qiaopai Biotech Co Ltd., Manitoba Harvest Fresh Hemp Foods Ltd., Ecofibre Limited, Navitas Organics, PharmaHemp, Z-Company BV, Canah International, GFR Ingredients Inc., North American Hemp & Grain Co, Dun Agro BV, Naturally Splendid Enterprises Ltd., Global Hemp Group Inc., Entoura Inc., HempLand USA, CB*D Living, The Hemp Mine, cannabis* Sativa Inc., Valley Bio Ltd., Green Source Organics
What Trends Are Expected to Dominate the Hemp Seed Market in the Next 5 Years?
Key players in the hemp seed market are concentrating on seed-infused, ready-to-use products like energy drinks, aiming to expand their market presence with unique hemp formulations. Energy drinks infused with hemp seeds are a natural source of protein, omega-3 fatty acids, and essential nutrients, offering an energy boost with added health benefits. For example, in February 2022, PepsiCo Inc., based in the US, launched a hemp seed-infused energy drink, Rockstar 'Unplugged', in the US after its success in Germany. The drink combines hemp seed oil with spearmint, lemon balm, and reduced caffeine to promote relaxation without sleepiness, distinguishing itself from other Rockstar drinks that have higher caffeine levels.
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Which Is The Largest Region In The Hemp Seed Market?
North America was the largest region in the hemp seed market in 2024. The regions covered in the hemp seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hemp Seed Market?
2. What is the CAGR expected in the Hemp Seed Market?
3. What Are the Key Innovations Transforming the Hemp Seed Industry?
4. Which Region Is Leading the Hemp Seed Market?
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