Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region - Global Forecast to 2025

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Date: 25-Jun-2019
No. of pages: 133
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“Increasing legalization in the cultivation of industrial hemp and functional properties of hemp seed and hemp seed oil are projected to drive the growth of the industrial hemp market.”

The global industrial hemp market size is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a compound annual growth rate (CAGR) of 34.0% during the forecast period. The industrial hemp market is driven by factors such as increasing legalization in the cultivation of industrial hemp, functional properties of hemp seed and hemp seed oil, and their increased use in different food applications, and an increasing number of chronic diseases.

“Hemp fiber segment dominates the industrial hemp market throughout the for ecasted period”

Hemp fiber is used majorly in the textile and pulp & paper industry, due to its long and strong fibers as compared to cotton. Furthermore, being a renewable source material, its application has been increasing in many diverse industries such as construction, animal bedding, agriculture, furniture, and automobile. Additionally, its usage to obtain biofuels and bioplastics has been expected to increase its demand in the coming years.

“The organic segment is projected to grow at a higher growth rate during the forecast period.”

Organic hemp is grown under the strict regulations and guidelines provided by organic certification bodies. Organically certified hemp ensures the consumers that it is produced under strict guidelines and does not contain any pesticides and fertilizers residues. Organic hemp is used majorly in food, beverages, and pharmaceuticals products. Mostly, certified organic hemp seeds are preferred by consumers as they believe that certified hemp seeds have better safety and quality. The growing trust towards the organically cultivated hemp products is projected to drive the demand for organic hemp products significantly.

“The Asia Pacific holds the largest market share in 2018.”

Asia Pacific accounted for the largest market share in 2018. This dominance is attributed to the extensive production and consumption of hemp fiber in the textile and paper industry. Furthermore, due to the booming market for cosmetics and personal care products in the Asia Pacific region and legalization of industrial hemp in food supplements is estimated to drive the market growth.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, industrial hemp manufacturers, and executives from various key organizations operating in the industrial hemp market.


  • By Company Type: Tier 1: 18%, Tier 2: 36%, and Tier 3: 46%

  • By Designation:C-level:30%, D-level: 20%, and Managers: 50%

  • By Region: North America: 50%, Europe: 20%, Asia Pacific: 20%,and Rest of World10%


The industrial hemp market comprises major players such as Hempco (Canada), Ecofibre (Australia), Hemp Inc. (US), GenCanna (US), HempFlax BV (Netherlands), Konoplex Group (Russia), Hemp Oil Canada (Canada), BAFA (Germany), Hemp Poland (Poland), Dun Agro (Netherlands), Colorado Hemp Works (US), Canah International (Romania), South Hemp Tecno (Italy), Plains Industrial Hemp Processing (Canada), and MH Medical Hemp (Germany).The study includes an in-depth competitive analysis of these players in the industrial hemp market, with their company profiles, recent developments, and the key market strategies.

Research Coverage

The study covers the industrial hemp market across segments. It aims at estimating the market size and its growth potential across different segments such as application, type, source, and region. The study also includes an in-depth competitive analysis of key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial hemp market and sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

Industrial Hemp Market by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region - Global Forecast to 2025

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered for the Study
1.5 Currency Considered
1.6 Volume Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Hemp Market
4.2 Industrial Hemp Market: Major Regional Submarkets
4.3 Asia Pacific: Industrial Hemp Market, By Key Type & Country
4.4 Industrial Hemp Market, By Type & Region
4.5 Industrial Hemp Market, By Application
4.6 Industrial Hemp Market, By Source & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Legalization in the Cultivation of Industrial Hemp
5.2.1.2 Functional Properties of Hemp Seed and Hemp Seed Oil, and Their Increased use in Different Food Applications
5.2.1.3 Increasing Number of Chronic Diseases
5.2.2 Restraints
5.2.2.1 Complex Regulatory Structure for the Usage of Industrial Hemp
5.2.3 Opportunity
5.2.3.1 New Product Developments From Industrial Hemp
5.2.4 Challenges
5.2.4.1 Lack of Viable Availability of Seeds for the Cultivation of Industrial Hemp
5.2.4.2 Lack of Processing Facilities and Planting & Harvesting Equipment
5.3 Value Chain

6 Regulatory Framework
6.1 Regulations in North America
6.1.1 US
6.1.2 Canada
6.2 Regulation of Industrial Hemp in Europe
6.3 Regulation of Industrial Hemp in the Asia Pacific
6.3.1 Australia
6.3.2 India

7 Industrial Hemp Market, By Type
7.1 Introduction
7.2 Hemp Seed
7.2.1 the High Nutrient Profile of Hemp Seeds is Expected to Drive Their Demand, Especially in the Food Industry
7.3 Hemp Seed Oil
7.3.1 Easy Processing Method and Low Cost of Hemp Oil Together With Its Varied use in Diverse Industries
7.4 Cbd Hemp Oil
7.4.1 Growing Application in Personal Care, Supplements, and Food & Beverages Products
7.5 Hemp Fiber
7.5.1 Increasing use of Hemp Fiber for the Production of Biofuels, Bioplastics, and Construction Material

8 Industrial Hemp Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Snacks & Cereals
8.2.1.1 Growing Demand for Hemp Snacks Due to High Protein Content
8.2.2 Soups, Sauces, & Seasonings
8.2.2.1 Role of Hemp in Reducing the Risk of Cancer and Preventing Other Diseases
8.2.3 Bakery Products
8.2.3.1 Rising Awareness Among Consumers Driving the Demand for Hemp-Based Bakery Products
8.2.4 Dairy & Frozen Desserts
8.2.4.1 Gluten-, Dairy-, and Cholesterol-Free Hemp in Dairy & Frozen Products to Drive the Demand
8.2.5 Others
8.2.5.1 Rising Demand for Novel Hemp-Based Food Products
8.3 Textiles
8.3.1 Wide Benefits of Hemp to Drive Its Demand in Textiles
8.4 Beverages
8.4.1 Hot Beverages
8.4.1.1 Soothing Effects of Hemp Tea on the Human Body to Drive the Market for Hot Beverages
8.4.2 Sports & Energy Drinks
8.4.2.1 Growing Popularity of Plant-Infused Drinks
8.4.3 Ready-To-Drink Beverages
8.4.3.1 Rising Demand for Different Flavors of Ice Tea
8.4.4 Others
8.4.4.1 Increased R&D on Industrial Hemp for the Extraction of Juice
8.5 Personal Care Products
8.5.1 Effective Moisturizing and Anti-Aging Properties of Hemp are Expected to Drive Its Demand in Personal Care Products
8.6 Pharmaceuticals
8.6.1 Usage of Cbd Hemp Oil in the Treatment of Seizures, Sleep Disorders, and Diseases
8.7 Others
8.7.1 Increased Usage of Hemp in the Construction and Automobile Industries

9 Industrial Hemp Market, By Source
9.1 Introduction
9.2 Conventional
9.2.1 Low Prices of Conventional Hemp Seeds to Drive the Market
9.3 Organic
9.3.1 Increasing Demand for Organic Hemp Products in the Food and Pharmaceutical Industries

10 Industrial Hemp Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Increasing Legalization of Industrial Hemp Cultivation and Production in Several States to Drive the US Market
10.2.2 Canada
10.2.2.1 The Increasing Market Demand for Hemp–Derived Products in Canada
10.2.3 Mexico
10.2.3.1 Legalization of Cultivating Industrial Hemp in the US is Projected to Reflect on the Market Growth Positively
10.3 Europe
10.3.1 Germany
10.3.1.1 Increasing Demand for Hemp-Based Food Products
10.3.2 France
10.3.2.1 Growing R&D for Novel Application of Hemp Fiber
10.3.3 Spain
10.3.3.1 Subsidies for Hemp Cultivation and Diverse Usage of Spanish Hemp in a Wide Range of Applications
10.3.4 Italy
10.3.4.1 Increased Manufacturing of Hemp Seeds for Human Consumption
10.3.5 Netherlands
10.3.5.1 Growing Application of Hemp in Automobile and Animal Bedding
10.3.6 Rest of Europe
10.3.6.1 Rising Cultivation and Utilization of Hemp in Food and Pharmaceutical Products
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China is a Leading Producer of Hemp Fiber and Hemp Seed
10.4.2 Australia & New Zealand
10.4.2.1 Increase in R&D Activities By Food Companies to Introduce Hemp-Based Food Products
10.4.3 Japan
10.4.3.1 Consumers in Japan are More Inclined Toward Health-Related Products That Drive the Growth of Hemp Seed in Japan
10.4.4 India
10.4.4.1 Growth in the Number of Agricultural Training Programs to the Farmers to Spread Knowledge About Hemp
10.4.5 Rest of Asia Pacific
10.4.5.1 Increase in Inclination Toward the Usage of Hemp-Derived Cbd Products
10.5 Rest of the World (RoW)
10.5.1 South America
10.5.1.1 The Government Regulations Introduced for Hemp in Countries Such as Chile and Uruguay is a Major Factor Contributing to the Growth of the Industrial Hemp Market
10.5.2 Middle East
10.5.2.1 Cultivation of Industrial Hemp in the Middle East is Still in the Nascent Stage of Development
10.5.3 Africa
10.5.3.1 South African Government is Focusing on Establishing Hemp Crops for Obtaining Various Benefits.

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Dynamic Differentiators
11.2.3 Innovators
11.2.4 Emerging Companies
11.3 Start-Up Microquadrant
11.3.1 Progressive Companies
11.3.2 Starting Blocks
11.3.3 Responsive Companies
11.3.4 Dynamic Companies
11.4 Prominent Market Players
11.5 Competitive Scenario
11.5.1 Expansions
11.5.2 Agreements, Joint Ventures, and Partnerships

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
12.1 Hempco
12.2 Ecofibre
12.3 Hemp Inc.
12.4 GenCanna
12.5 Hempflax BV
12.6 Konoplex Group
12.7 Hemp Oil Canada
12.8 BAFA
12.9 Hemp Poland
12.10 Dun Agro
12.11 Colorado Hemp Works
12.12 Canah International
12.13 South Hemp Tecno
12.14 Plains Industrial Hemp Processing
12.15 MH Medical Hemp

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables

Table 1 US Dollar Exchange Rates Considered, 2015–2018
Table 2 Industrial Hemp Market Snapshot, 2019 Vs. 2025
Table 3 United States’ Statutes and Public Acts on Industrial Hemp Research and Cultivation
Table 4 Industrial Hemp Market Share, By Type, 2017–2025 (USD Million)
Table 5 Industrial Hemp Seed Market Size, By Region, 2017–2025 (USD Million)
Table 6 Industrial Hemp Seed Oil Market Size, By Region, 2017–2025 (USD Million)
Table 7 Industrial CBD Hemp Oil Market Size, By Region, 2017–2025 (USD Million)
Table 8 Industrial Hemp Fiber Market Size, By Region, 2017–2025 (USD Million)
Table 9 Industrial Hemp Market Size, By Application, 2017–2025 (USD Million)
Table 10 Food: Industrial Hemp Market Size, By Sub-Application, 2017–2025 (USD Million)
Table 11 Food: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 12 Textiles: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 13 Beverages: Industrial Hemp Market Size, By Sub-Application, 2017–2025 (USD Million)
Table 14 Beverages: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 15 Personal Care Products: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 16 Pharmaceuticals: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 17 Others: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 18 Industrial Hemp Market Size, By Source, 2017–2025 (USD Million)
Table 19 Conventional Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 20 Organic Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 21 Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 22 Industrial Hemp Market Size, By Region, 2017–2025 (Tons)
Table 23 North America: Industrial Hemp Market Size, By Country, 2017–2025 (USD Million)
Table 24 North America: Industrial Hemp Market Size, By Country, 2017–2025 (Tons)
Table 25 North America: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 26 North America: Hemp Fiber Market Size, By Country, 2017–2025 (USD Million)
Table 27 North America: Hemp Seed Market Size, By Country, 2017–2025 (USD Million)
Table 28 North America: Hemp Seed Oil Market Size, By Country, 2017–2025 (USD Million)
Table 29 North America: CBD Hemp Oil Market Size, By Country, 2017–2025 (USD Million)
Table 30 North America: Industrial Hemp Market Size, By Source, 2017–2025 (USD Million)
Table 31 North America: Industrial Hemp Market Size, By Application, 2017–2025 (USD Million)
Table 32 US: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 33 Canada: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 34 Mexico: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 35 Europe: Industrial Hemp Market Size, By Country, 2017–2025 (USD Million)
Table 36 Europe: Industrial Hemp Market Size, By Country, 2017–2025 (Tons)
Table 37 Europe: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 38 Europe: Hemp Seed Oil Market, By Country, 2017–2025 (USD Million)
Table 39 Europe: Hemp Seed Market, By Country, 2017–2025 (USD Million)
Table 40 Europe: Hemp Fiber Market, By Country, 2017–2025 (USD Million)
Table 41 Europe: CBD Hemp Oil Market, By Country, 2017–2025 (USD Million)
Table 42 Europe: Industrial Hemp Market Size, By Application, 2017–2025 (USD Million)
Table 43 Europe: Industrial Hemp Market Size, By Source, 2017–2025 (USD Million)
Table 44 Germany: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 45 France: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 46 Spain: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 47 Italy: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 48 Netherlands: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 49 Rest of Europe: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 50 Asia Pacific: Industrial Hemp Market Size, By Country/Region, 2017–2025 (USD Million)
Table 51 Asia Pacific: Industrial Hemp Market Size, By Country/Region, 2017–2025 (Ton)
Table 52 Asia Pacific: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 53 Asia Pacific: Hemp Fiber Market Size, By Country/Region, 2017–2025 (USD Million)
Table 54 Asia Pacific: Hemp Seed Market Size, By Country/Region, 2017–2025 (USD Million)
Table 55 Asia Pacific: Hemp Seed Oil Market Size, By Country/Region, 2017–2025 (USD Million)
Table 56 Asia Pacific: CBD Hemp Oil Market Size, By Country/Region, 2017–2025 (USD Million)
Table 57 Asia Pacific: Industrial Hemp Market Size, By Source, 2017–2025 (USD Million)
Table 58 Asia Pacific: Industrial Hemp Market Size, By Application, 2017–2025 (USD Million)
Table 59 China: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 60 Australia & New Zealand: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 61 Japan: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 62 India: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 63 Rest of Asia Pacific: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 64 RoW: Industrial Hemp Market Size, By Region, 2017–2025 (USD Million)
Table 65 RoW: Industrial Hemp Market Size, By Region, 2017–2025, By Volume (Tons)
Table 66 RoW: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 67 RoW: Hemp Seed Oil Market, By Region, 2017–2025 (USD Million)
Table 68 RoW: Hemp Seed Market, By Region, 2017–2025 (USD Million)
Table 69 RoW: Hemp Fiber Market, By Region, 2017–2025 (USD Million)
Table 70 RoW: CBD Hemp Oil Market, By Region, 2017–2025 (USD Million)
Table 71 RoW: Industrial Hemp Market Size, By Source, 2017–2025 (USD Million)
Table 72 RoW: Industrial Hemp Market Size, By Application, 2017–2025 (USD Million)
Table 73 South America: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 74 Middle East: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 75 Africa: Industrial Hemp Market Size, By Type, 2017–2025 (USD Million)
Table 76 Expansions, 2014–2019
Table 77 Agreements, Joint Ventures, and Partnerships, 2014–2019

List of Figures

Figure 1 Industrial Hemp Market Segmentation
Figure 2 Regions Covered
Figure 3 Industrial Hemp Market: Research Design
Figure 4 Industrial Hemp Market: Bottom-Up Approach
Figure 5 Industrial Hemp Market: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Industrial Hemp Market Size, By Type, 2019 Vs. 2025 (USD Million)
Figure 8 Industrial Hemp Market Size, By Application, 2019 Vs. 2025 (USD Million)
Figure 9 Industrial Hemp Market Size, By Source, 2019 Vs. 2025 (USD Million)
Figure 10 Industrial Hemp Market Share (Value), By Region, 2018
Figure 11 Increase in Legalization of Hemp Cultivation and Projected Boost in Consumption of Hemp in Various Industrial Applications
Figure 12 Germany is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 China Accounted for the Largest Share in the Asia Pacific Market and Hemp Fiber Dominated, on the Basis of Type, in 2018
Figure 14 Asia Pacific Dominates the Estimated Market and Europe is Projected to Dominate the Market for Industrial Hemp Across All Type Segments
Figure 15 The Market for Industrial Hemp in Food Applications is Projected to Dominate During the Forecast Period
Figure 16 Asia Pacific Dominated the Conventional Source of Hemp in 2018
Figure 17 Industrial Hemp Market Dynamics
Figure 18 Industrial Hemp Market: Value Chain
Figure 19 US Industrial Hemp Regulatory Overview
Figure 20 Industrial Hemp Market Share, By Type, 2019 Vs. 2025 (By Value)
Figure 21 Industrial Hemp Market Share, By Application, 2019 Vs. 2025 (By Value)
Figure 22 Industrial Hemp Market Share, By Source, 2019 Vs. 2025 (By Value)
Figure 23 Industrial Hemp Market Share (By Value), By Key Country, 2018
Figure 24 Europe: Industrial Hemp Market Snapshot
Figure 25 Asia Pacific: Industrial Hemp Market Snapshot
Figure 26 Industrial Hemp Market: Competitive Leadership Mapping, 2018
Figure 27 Industrial Hemp Startup Market: Competitive Leadership Mapping, 2018
Figure 28 Prominent Market Players in Different Regions
Figure 29 Hempco: Company Snapshot
Figure 30 Hempco: SWOT Analysis
Figure 31 Ecofibre: Company Snapshot
Figure 32 Ecofibre: SWOT Analysis
Figure 33 Hemp Inc: Company Snapshot
Figure 34 Hemp Inc.: SWOT Analysis

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