Press release
Hemp Derivatives Market to Surpass USD 22.4 Billion by 2034
Hemp Derivatives
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Key Takeaways
• Market Size (2024): USD 11.9 billion
• Forecast (2034): USD 22.4 billion
• CAGR (2025-2034): 6.4 %
• Leading Companies: Charlotte's Web Holdings Inc., Aurora Cannabis Inc., Ecofibre Ltd., CV Sciences Inc., Hemp, Inc., Medical Marijuana Inc., Elixinol Global Ltd., Cannara Biotech Inc., Manitoba Harvest, and Endoca BV.
• Core Derivatives: Hemp Seed Oil, Hemp Fiber, Hemp Protein, and Hemp Extracts.
Market Story
The hemp industry has rapidly evolved from niche cultivation to mainstream industrial and therapeutic use. Hemp derivatives, including oils, fibers, proteins, and are increasingly utilized across food and beverage, pharmaceuticals, cosmetics, and textiles.
Demand for infused wellness products continues to soar due to growing consumer awareness of anti-inflammatory and stress-relief benefits, while hemp seed oil and fibers are revolutionizing sustainable packaging, automotive composites, and textiles. Governments in North America and Europe are further supporting hemp farming through regulatory clarity and research grants.
Market Segmentation
• By Type: Hemp Seed Oil | Hemp Protein | Hemp Fiber | Others (Terpenes, Hemp Extracts)
• By Application: Food & Beverages | Pharmaceuticals | Personal Care & Cosmetics | Textiles | Industrial | Nutraceuticals
• By Distribution Channel: Retail Stores | E-Commerce | Specialty Outlets | B2B Supply Networks
• By Region:
o North America: Largest market; legalization in the U.S. and Canada continues to accelerate product innovation.
o Europe: Growth supported by industrial hemp policies and sustainable manufacturing.
o Asia Pacific: Fastest expansion driven by China and India's increasing hemp cultivation and export activities.
o Latin America & MEA: Rising adoption of hemp in pharmaceuticals and personal-care industries.
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Recent Developments
• 2025: Charlotte's Web Holdings introduced a certified organic wellness range targeting stress and sleep management.
• 2024: Aurora Cannabis expanded its European footprint with new hemp-derived nutraceutical exports.
• 2023: Ecofibre launched biodegradable hemp-fiber composites for the automotive sector.
• 2022: CV Sciences partnered with retail chains across the U.S. to promote its hemp-based dietary supplements.
Expert Quote
"The hemp economy is redefining sustainability and wellness together. With global regulatory alignment and innovations in hemp processing, the market is transitioning from niche supplements to mainstream industrial and healthcare applications," said Irfan Tamboli, Business Development Executive at Exactitude Consultancy.
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Market Drivers
1. Legalization of Hemp Cultivation and Export Worldwide.
2. Rising Demand for Infused Wellness and Skincare Products.
3. Expansion of Industrial Hemp in Textiles, Composites, and Packaging.
4. Shift Toward Natural, Sustainable, and Plant-Based Ingredients.
Forecast Outlook
From 2025 to 2034, technological innovation in hemp extraction, isolation, and sustainable fiber processing will propel market growth. Companies investing in supply-chain traceability, organic certification, and eco-branding will gain a competitive edge as global consumers prioritize natural alternatives.
Conclusion
The Hemp Derivatives Market is poised for strong, sustained expansion across both industrial and wellness sectors. With growing investment in eco-friendly production and medical research, hemp is emerging as a cornerstone of the global plant-based economy.
This report is also available in the following languages : Japanese (麻デリバティブ市場), Korean (대마 파생물 시장), Chinese (大麻衍生品市场), French (Marché des dérivés du chanvre), German (Hanfderivatemarkt), and Italian (Mercato dei derivati della canapa), etc.
Request for a sample of this research report at (Use Corporate Mail ID for Quick Response) @ https://exactitudeconsultancy.com/reports/50016/hemp-derivatives-market#request-a-sample
Related Reports
Industrial Hemp Market
https://exactitudeconsultancy.com/reports/63833/global-industrial-hemp-market
Hemp Fiber Market
https://exactitudeconsultancy.com/reports/67307/hemp-fiber-market
HEMP Cosmetics Professional Market
https://exactitudeconsultancy.com/reports/69569/hemp-cosmetics-professional-market
Plant Based Protein Expression Market
https://exactitudeconsultancy.com/reports/72640/plant-based-protein-expression-market
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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https://www.analytica.global/
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https://exactitudeconsultancy.com/
Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
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