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Key Trends Influencing the Growth of the Hemp Seed Market in 2025: Growing Focus On Hemp Seed Infusion In Ready-To-Drink Energy Beverages For Enhanced Mood And Health Benefits
Hemp Seed Market
What Is the Expected CAGR for the Hemp Seed Market Through 2025?
There has been a significant expansion in the size of the hemp seed market in the last few years. The market, quantified at $7.48 billion in 2024, is projected to escalate to $8.38 billion in 2025, marking a compound annual growth rate (CAGR) of 11.9%. The historic growth can be traced back to various factors including, an amplified demand for protein derived from plants, heightened consciousness of health advantages, an increasing utility in cosmetic and personal care items, expansion of industrial uses, and the growing trend towards organic and natural products.
What's the Projected Size of the Global Hemp Seed Market by 2029?
The hemp seed market is poised for substantial growth in the upcoming years, with the market value predicted to reach $13.02 billion by 2029, developing at a Compound Annual Growth Rate (CAGR) of 11.7%. Various factors contributing to the forecasted growth include the escalating demand by consumers for sustainable food options, an amplified incorporation in nutraceuticals and dietary supplements, hemp seed oil's expansion in skincare and cosmetic sectors, changes in regulations supporting the cultivation and production of hemp, and an increased inclination towards vegan and vegetarian diets. Foreseen trends within this period encompass the extension of hemp seed utilization in functional foods and drinks, technological advancements in the extraction and processing of hemp seed, the emergence of new snack and protein bar options based on hemp seed, and the use of hemp seed as a sustainable ingredient in food packaging.
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Top Growth Drivers in the Hemp Seed Industry: What's Accelerating the Market?
Growing interest in vegan and plant-based diets is anticipated to fuel the expansion of the hemp seed market in the future. These diets emphasize the consumption of foods solely derived from plants, thereby eliminating any animal products or by-products. This surge in demand for plant-based and vegan diets is largely due to increased health awareness as well as concerns regarding animal rights and the environment. Hemp seeds, being rich in protein, essential fatty acids, and vitamins, are a staple in these diets. As an illustration, a report by Plant Based Foods Association, a US food and beverage entity, revealed that in 2022, sales of plant-based food recorded a growth of 6.6%, a rise from 5.9% in 2021, accompanied by a 10% increase in average retail pricing. Consequently, the escalating demand for plant-based and vegan diets is anticipated to bolster the hemp seed market's growth.
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What Trends Will Shape the Hemp Seed Market Through 2029 and Beyond?
Key players in the hemp seed market are concentrating their efforts on creating seed-infused ready-to-eat alternatives like energy drinks, blending unique hemp formulas to extend their market reach. These hemp seed infused energy beverages offer a protein, omega-3 fatty acids, and vital nutrition rich natural source, proffering improved energy and possible health advantages. For instance, in February 2022, US food and drinks company PepsiCo Inc. introduced a new hemp seed-infused energy drink named Rockstar 'Unplugged' in the United States, following its successful reception in Germany. This drink merges hemp seed oil with spearmint, lemon balm, and reduced caffeine content (80 mg per 12-ounce can), offering relaxation without leading to sleep. It does not include CB*D, distinguishing it from some other hemp-made items. The aim of this innovative product is to provide a more soothing energy lift, in contrast to the traditional Rockstar drinks that commonly contain elevated amounts of caffeine (160-300 mg).
What Are the Main 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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Which Top Companies are Driving Growth in the Hemp Seed Market?
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
Which Regions Will Dominate the Hemp Seed Market Through 2029?
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.
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