Press release
Industrial Hemp Market Size to Reach USD 7.83 Billion by 2031, Driven by Food, Textiles & Construction Applications | Mordor Intelligence
Industrial Hemp Market Size & Share | Mordor Intelligence
industrial hemp market growth is supported by expanding use in food & beverage products, wellness supplements, textiles, construction materials, and regulatory support in key regions like North America and Europe.
Browse Full Report Details Followed by TOC: https://www.mordorintelligence.com/industry-reports/industrial-hemp-market?utm_source=openpr
From plant-based food and beverage markets to eco-textiles and green building sectors, industrial hemp is gaining traction as a multi-purpose natural resource that aligns with sustainability goals and consumer demand for natural materials.
Emerging Trends in the Industrial Hemp Market
Rising demand for hemp derived products in food and beverages and wellness supplements, driven by growing consumer awareness of nutritional and health benefits.
Expansion of applications beyond traditional segments into construction (e.g., hempcrete), personal care, and animal feed sectors.
Regulatory developments in major economies like the United States and Germany that facilitate cultivation and processing of industrial hemp.
Ongoing increase in textile applications as sustainable alternatives to conventional fibers gain market interest.
North America maintaining a leading position in Industrial Hemp Market Share, supported by established legal frameworks and processing infrastructure.
Explore In-Depth Insights and Regional Perspectives, Including Localized Editions such as the Japan Market: https://www.mordorintelligence.com/ja/industry-reports/industrial-hemp-market?utm_source=openpr
Industrial Hemp Segmentation
The industrial hemp market is structured across several key segments:
By Types:
Hemp Seed
Hemp Seed Oil
Hemp Protein
Hemp Extract Without
- hemp oil accounted for a significant share of the market and is projected to grow steadily.
By Applications:
Food & Beverages
Health & Wellness Supplements
Other Applications (textiles, personal care, construction, animal feed)
- 'Other applications' such as textiles and construction materials represent a substantial portion of revenue.
By Geography:
North America (largest share)
Europe
Asia-Pacific
South America
Middle East & Africa
- North America leads in market revenue and projected growth.
Explore Competitive Landscape Details: https://www.mordorintelligence.com/industry-reports/industrial-hemp-market/companies?utm_source=openpr
Top Companies in the Industrial Hemp Industry
Hemp Flax Group B.V.
Charlotte's Web, Inc.
Manitoba Harvest Hemp Foods
Ecofibre
Canopy Growth Corporation
Conclusion:
The Industrial Hemp Market is poised for strong growth through 2031, driven by diversified applications, sustainable demand, and supportive policies that enable industry expansion. With growing demand across multiple industries, industrial hemp is steadily establishing itself as a versatile and sustainable material within the global economy.
Browse Related Reports:
Bio-alcohols Market: https://www.mordorintelligence.com/industry-reports/bio-alcohols-market?utm_source=openpr
Bio-based Resins Market: https://www.mordorintelligence.com/industry-reports/bio-based-resins-market?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com
About Mordor Intelligence
Mordor Intelligence is a trusted partner for businesses seeking actionable market insights. With 550+ domain experts and specialists across 150+ countries, we deliver comprehensive syndicated and custom research across industries such as aerospace, agriculture, chemicals, consumer goods, energy, healthcare, and many more, helping organizations make informed decisions and achieve strategic goals.
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