Industry Background:
Hemp seeds are considered as a gift of nature and as known as the most nutritious seed in the world which also contains complete protein. Hemp seeds contain a blend of easily digested protein, essential fats (omega 3&6), Gama Linolenic Acid (GLA), antioxidants, amino acids, fiber, iron, zinc, carotene, phospholipids, phytosterols, vitamin B1, vitamin B2, vitamin B6, vitamin D, vitamin E, chlorophyll, calcium, magnesium, sulfur, copper, potassium, phosphorus, and enzymes. This is one of the potent food available supporting optimal health and well-being for life. According to expertise, "The global industrial hemp market size (for seed and fiber-based products) was estimated at 4.2 billion dollars in 2017, expanding at a CAGR of 14.0% over the forecast period. It is estimated to scale up to 10.6-11.2 billion dollars by 2025".
According to AMA Research, the market for Hemp Seeds is expected to register a CAGR of 8.9% during the forecast period to 2030. This growth is primarily driven by The Growing demand due to Growing Health and Nutritional Rich Benefits
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Navitas Naturals (United States), Hemp Oil Canada (Canada), North American Hemp and Grain co. (United States), Manitoba (Canada), Green source organics (United States), GFR Ingredients Inc. (Canada) and HempFlax (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On August 17, 2023, Hempco, a Canadian hemp seed and oil producer, announced its acquisition by Tilray Brands, a global leader in cannabis products. This acquisition expands Tilray's reach into the growing hemp food and wellness market.
On February 14, 2023, PepsiCo, a leading food and beverage company, launched its new plant-based milk alternative made with hemp seeds under its Naked brand. This launch signifies the entry of major food companies into the hemp food market.Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the hemp seed market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Regulatory Insights:
The Agricultural Act of 2014 provided that certain research institutions and state departments of agriculture may grow industrial hemp, as part of an agricultural pilot program, if allowed under state laws where the institution or state department of agriculture is located.
Influencing Trend:
The Legalization of Cannabis Cultivation in Various Countries and High Demand for Hemp Fiber
Market Growth Drivers:
The Growing demand due to Growing Health and Nutritional Rich Benefits and The Rising Awareness about Health
Challenges:
Possibilities of Product Contamination
Restraints:
Stringent Government Regulations Regarding CBD Product Manufacturing
Opportunities:
Growing Inclination towards Online Distribution Channel for Hemp Seed and Raising Research and Development Regarding Hemp
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hemp Seeds Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hemp Seeds Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hemp Seeds players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hemp Seeds Study Sheds Light on
The Hemp Seeds Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hemp Seeds industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hemp Seeds industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.