Global Hemp Seed Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

"Global Hemp Seed Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global hemp seed market report has been segmented on the basis of form, applications, and region.

Global Hemp Seed Market: Overview

Hemp seeds are obtained from hemp plant such as Cannabis sativa. They are among the same species as cannabis but a belong to a different variety. The hemp plant is the most widely consumed and diverse industrial crops across the globe. Its fibers are considered the longest and most durable of all natural fibers, and it can even be grown without deadly herbicides and pesticides. Hemp seed contains high in the source of plant-based protein, are lower in carbohydrate content, are rich in omega content, helps to promote healthy skin and many others

Global Hemp Seed Market: Dynamics

Increasing consumer awareness regarding the medical benefits of hemp seed is a major factor expected to drive growth revenue in the global market over the next 10 years. In addition, growing demand for various nutritional need, an increasing number of vegetarianism population coupled with growing popularity of vegan diet, rising disposable income level, rapidly growing food industry are among some of the other factors expected to drive the demand for hemp seed market. Furthermore, changing taste and preferences for food among consumers and higher demand for plant-based products are some of the other factors expected to support the growth of the market to a certain extent. However, the availability of alternative source and product recalls are some of the major factors that could restrain the growth in term of revenue in the target market.

Global Hemp Seed Market: Segment Analysis

Among the form type segments, the whole hemp seed segment is expected to hold a majority revenue share in terms of revenue in the global market. This is due to, high content of, vitamins, protein, omega-3 fatty acids, and minerals and polyunsaturated fatty acids. Among the application type, the food segment is expected to dominate among all applications. This is primarily due to, wide usage owing to its benefits among consumers.

Global Hemp Seed Market: Trends

Consumers of developing and developed regions are demanding for food products that will help for proper health management as well as help to treat specific diseases conditions. As a result of this, many prominent players in the market are implementing extensive growth strategies such as launching new products, forming an effective supply chain, etc., in order to expand its geographical footprint. The aforementioned are among the key trends witnessed in the target market.

Global Hemp Seed Market: Region Analysis

The market in North America is projected to register for the highest revenue share in the global market, followed by the market in Europe. Rapidly evolving food & beverage industry is a key factor driving market growth in countries in this region. Revenue from the Asia Pacific hemp Seed market is anticipated to grow at a much higher CAGR in the upcoming years.  This is due to, higher demand from India and China food sector, changing lifestyle, and rapid urbanization.

Global Hemp Seed Market Segmentation

Segmentation by form:

• Whole hemp seed
• Shelled hemp seed
• Hemp seed oil
• Hemp seed protein

Segmentation by application:

• Food
• Tea and Hemp Juice
• Hemp Sacks
• Hemp Fibre
• Others (Biofuel, Paper, Canvas, etc.)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa