Global Hemp Seeds Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Hemp seeds are obtained from the Cannabis Sativa plant that is grown mainly for seed or fiber with low THC, a psychoactive compound in marijuana. These seeds are very nutritious and rich in healthy proteins, fats, and several minerals.
The factors that are playing a major role in the growth of hemp seeds market are rising demand from consumers as they get easily digested by body and is the most nutritious food available in the environment. However, lack of awareness among consumers may restrain overall market growth in the years to come. The market is segmented based on type, application, distribution channel, and region.
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Hemp seed protein powder/hemp flour, whole hemp seed, hemp seed oil, shelled hemp seed, and other types are explored in hemp seeds market. The market is categorized based on applications like fiber, protein, and others. Fiber sector comprises insoluble and soluble fibers. Insoluble fiber plays important role in cleaning digestive tract. Protein in hemp closely resemble the proteins present in human blood.
Based on distribution channel, indirect channel and direct channel classify hemp seed market. Indirect channel comprises retails, online, departmental stores, modern trade format, and convenience stores.
Globally, North America accounted for the substantial share of the market and is estimated to lead overall market in the years to come. The reason behind overall market growth could be high demand from end-users, presence of key producers in the region, and rising awareness among populace regarding nutritional benefits of hemp seed. The United States is a major consumer of hemp seeds in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are major consumers of hemp seeds in this region. The reason could be growing awareness among consumers regarding health benefits of hemp seeds.
The key players of hemp seeds market are GFR Ingredients Inc., Navitas Naturals, CHII Naturally Pure Hemp, Hemp Oil Canada, Green Source Organics, North American Hemp and Grain co., Harvest Hemp Foods, Kenny delights, and Manitoba. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Hemp Seeds in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
•Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Hemp Seeds market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Navitas Naturals
• Hemp Oil Canada
• North American Hemp
• Grain co.
• Kenny delights
• Harvest Hemp Foods
• Green source organics
• CHII Naturally Pure Hemp
• GFR Ingredients Inc.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Whole Hemp Seed
• Shelled Hemp Seed
• Hemp Seed Oil
• Hemp Seed Protein
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Hemp Seeds for each application, including
• Food (Containing Hemp Milk)
• Tea And Hemp Juice
• Hemp Fiber
• Hemp Sacks
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/agriculture
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