Summary

The latest report by Fairfield Market Research, titled “Industrial Hemp Market: Global Industry Analysis and Forecast,” provides critical insights into the burgeoning global industrial hemp market. Projected to grow at a robust compound annual growth rate (CAGR) of 18.3% in terms of value over the forecast period, the market is experiencing a transformation fueled by diverse applications and escalating demand across multiple sectors.

Market Insights

The seeds segment currently leads the global industrial hemp market, capturing a significant share of total revenue. Additionally, the hemp CBD segment is expected to experience strong growth, driven by rising consumer interest in health and wellness products. The versatility of industrial hemp is remarkable, as it is utilized in a vast array of products across numerous sectors, including food and beverage, textiles, paper, construction, personal care, furniture, automotive, and bio-fuel applications.

Drivers of Growth

Several factors are driving the robust growth of the industrial hemp market. Its extensive applicability across various industries coupled with a strong emphasis on sustainability plays a crucial role. Industrial hemp is an annual plant that serves as a renewable and environmentally efficient raw material. Almost every part of the plant—seeds, stalks, and flowers—has multiple uses in producing insulation materials, textiles, nutraceuticals, bio-plastics, and bio-fuels. Furthermore, industrial hemp is cultivated without the use of toxic chemicals, herbicides, pesticides, or fertilizers, reinforcing its eco-friendly attributes.

Business Opportunities

The industrial hemp market offers myriad business opportunities, especially as more than 30 countries have legalized its production. China, France, and Canada are key players in production, while the United States is a significant importer. The growing awareness of the benefits of industrial hemp, along with increasing demand for hemp-based products, is leading to a shift in legal frameworks, allowing for more countries to legalize its cultivation. This trend presents avenues for investment, innovation, and expansion within the sector.

Regional Overview

North America is expected to surpass Europe and the Asia Pacific in the industrial hemp market during the forecast period. This development is primarily driven by rising awareness, increasing demand for hemp-derived products, and changing government policies. While the U.S. currently has low production levels, demand for hemp products is rapidly increasing, making it a key market. Europe and Asia Pacific remain prominent regions, characterized by established market players and favorable regulatory environments. Although Latin America and the Middle East & Africa currently hold smaller shares of the market, they are anticipated to experience significant growth rates in the coming years.

Key Players

The competitive landscape of the global industrial hemp market features several key manufacturers that are shaping industry dynamics. Prominent players profiled in the report include:

•Hemp Production Services Inc.

•Marijuana Company of America Inc.

•Hemp Inc.

•Manitoba Harvest Hemp Foods

•North American Hemp & Grain Co. Ltd.

•Hemp Sense Inc.

•Hemp Foods Australia

•Agropro

•Hempro International

•Blue Sky Hemp Ventures Ltd.

•Trigone Foods Inc.

•Green Source Organics

•Hempco Food and Fiber Inc.

•Cavac Biomateriaux

•All American Hemp Company

Industrial Hemp Market: Segmentation

By Nature

•Organic

•Conventional

By Product Type

•Fiber

•Seeds

By End Use

•Food & Beverages

•Consumer textiles

•Personal Products

•Industrial Application

•Hemp CBD

•Supplements

•Other Consumer Products

Region

•North America

oU.S.

oCanada

•Latin America

oBrazil

oMexico

oColombia

oRest of LATAM

•Europe

oUK

oGermany

oFrance

oRest of Europe

•Asia Pacific

oChina

oIndia

oAustralia & New Zealand

oRest of APAC

•Middle East & Africa

oGCC

oEgypt

oSouth Africa

oMorocco

oRest of MEA

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Table of Contents

1. Executive Summary
1.1. Global Industrial Hemp Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2019 - 2023
3.1. Global Average Price Analysis by Nature, 2019 - 2023
3.2. Prominent Factor Affecting Industrial Hemp Prices
3.3. Global Average Price Analysis by Region
4. Global Industrial Hemp Market Outlook, 2019 - 2031
4.1. Global Industrial Hemp Market Outlook, by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Industrial Hemps by Nature
4.1.1.1.1. Organic
4.1.1.1.2. Conventional
4.2. Global Industrial Hemp Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Industrial Hemps by Product Type
4.2.1.1.1. Fiber
4.2.1.1.2. Seeds
4.3. Global Industrial Hemp Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Food & Beverages
4.3.1.2. Consumer textiles
4.3.1.3. Personal Products
4.3.1.4. Industrial Application
4.3.1.5. Hemp CBD
4.3.1.6. Supplements
4.3.1.7. Other
4.4. Global Industrial Hemp Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. North America
4.4.1.2. Europe
4.4.1.3. Asia Pacific
4.4.1.4. Latin America
4.4.1.5. Middle East & Africa
5. North America Industrial Hemp Market Outlook, 2019 - 2031
5.1. North America Industrial Hemp Market Outlook, by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Industrial Hemps by Nature
5.1.1.1.1. Organic
5.1.1.1.2. Conventional
5.2. North America Industrial Hemp Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Industrial Hemps by Product Type
5.2.1.1.1. Fiber
5.2.1.1.2. Seeds
5.3. North America Industrial Hemp Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. Food & Beverages
5.3.1.2. Consumer textiles
5.3.1.3. Personal Products
5.3.1.4. Industrial Application
5.3.1.5. Hemp CBD
5.3.1.6. Supplements
5.3.1.7. Other
5.3.2. Attractiveness Analysis
5.4. North America Industrial Hemp Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. U.S. Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1.2. U.S. Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1.3. U.S. Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1.4. Canada Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1.5. Canada Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1.6. Canada Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6. Europe Industrial Hemp Market Outlook, 2019 - 2031
6.1. Europe Industrial Hemp Market Outlook, by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Industrial Hemps by Nature
6.1.1.1.1. Organic
6.1.1.1.2. Conventional
6.2. Europe Industrial Hemp Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Industrial Hemps by Product Type
6.2.1.1.1. Fiber
6.2.1.1.2. Seeds
6.3. Europe Industrial Hemp Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Food & Beverages
6.3.1.2. Consumer textiles
6.3.1.3. Personal Products
6.3.1.4. Industrial Application
6.3.1.5. Hemp CBD
6.3.1.6. Supplements
6.3.1.7. Other
6.3.2. Attractiveness Analysis
6.4. Europe Industrial Hemp Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1. Key Highlights
6.4.1.1. Germany Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.2. Germany Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.3. Germany Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.4. U.K. Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.5. U.K. Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.6. U.K. Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.7. France Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.8. France Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.9. France Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.10. Italy Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.11. Italy Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.12. Italy Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.13. Turkey Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.14. Turkey Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.15. Turkey Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.16. Russia Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.17. Russia Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.18. Russia Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.19. Rest of Europe Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.20. Rest of Europe Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.4.1.21. Rest of Europe Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7. Asia Pacific Industrial Hemp Market Outlook, 2019 - 2031
7.1. Asia Pacific Industrial Hemp Market Outlook, by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Industrial Hemps by Nature
7.1.1.1.1. Organic
7.1.1.1.2. Conventional
7.2. Asia Pacific Industrial Hemp Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Industrial Hemps by Product Type
7.2.1.1.1. Fiber
7.2.1.1.2. Seeds
7.3. Asia Pacific Industrial Hemp Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. Food & Beverages
7.3.1.2. Consumer textiles
7.3.1.3. Personal Products
7.3.1.4. Industrial Application
7.3.1.5. Hemp CBD
7.3.1.6. Supplements
7.3.1.7. Other
7.3.2. Attractiveness Analysis
7.4. Asia Pacific Industrial Hemp Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1. Key Highlights
7.4.1.1. China Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.2. China Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.3. China Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.4. Japan Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.5. Japan Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.6. Japan Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.7. South Korea Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.8. South Korea Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.9. South Korea Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.10. India Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.11. India Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.12. India Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.13. Southeast Asia Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.14. Southeast Asia Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.15. Southeast Asia Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.16. Rest of Asia Pacific Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.17. Rest of Asia Pacific Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.4.1.18. Rest of Asia Pacific Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8. Latin America Industrial Hemp Market Outlook, 2019 - 2031
8.1. Latin America Industrial Hemp Market Outlook, by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. Industrial Hemps by Nature
8.1.1.1.1. Organic
8.1.1.1.2. Conventional
8.2. Latin America Industrial Hemp Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. Industrial Hemps by Product Type
8.2.1.1.1. Fiber
8.2.1.1.2. Seeds
8.3. Latin America Industrial Hemp Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Food & Beverages
8.3.1.2. Consumer textiles
8.3.1.3. Personal Products
8.3.1.4. Industrial Application
8.3.1.5. Hemp CBD
8.3.1.6. Supplements
8.3.1.7. Other
8.3.2. Attractiveness Analysis
8.4. Latin America Industrial Hemp Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1. Key Highlights
8.4.1.1. Brazil Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.2. Brazil Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.3. Brazil Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.4. Mexico Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.5. Mexico Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.6. Mexico Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.7. Argentina Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.8. Argentina Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.9. Argentina Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.10. Rest of Latin America Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.11. Rest of Latin America Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.4.1.12. Rest of Latin America Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9. Middle East & Africa Industrial Hemp Market Outlook, 2019 - 2031
9.1. Middle East & Africa Industrial Hemp Market Outlook, by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.1.1. Key Highlights
9.1.1.1. Industrial Hemps by Nature
9.1.1.1.1. Organic
9.1.1.1.2. Conventional
9.2. Middle East & Africa Industrial Hemp Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.2.1. Key Highlights
9.2.1.1. Industrial Hemps by Product Type
9.2.1.1.1. Fiber
9.2.1.1.2. Seeds
9.3. Middle East & Africa Industrial Hemp Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.3.1. Key Highlights
9.3.1.1. Food & Beverages
9.3.1.2. Consumer textiles
9.3.1.3. Personal Products
9.3.1.4. Industrial Application
9.3.1.5. Hemp CBD
9.3.1.6. Supplements
9.3.1.7. Other
9.3.2. Attractiveness Analysis
9.4. Middle East & Africa Industrial Hemp Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1. Key Highlights
9.4.1.1. GCC Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.2. GCC Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.3. GCC Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.4. South Africa Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.5. South Africa Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.6. South Africa Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.7. Egypt Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.8. Egypt Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.9. Egypt Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.10. Nigeria Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.11. Nigeria Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.12. Nigeria Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.13. Rest of Middle East & Africa Industrial Hemp Market by Nature, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.14. Rest of Middle East & Africa Industrial Hemp Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
9.4.1.15. Rest of Middle East & Africa Industrial Hemp Market by End Use, Value (US$ Bn) and Volume (Tons), 2019 - 2031
10. Competitive Landscape
10.1. By Type vs by Product Type Heatmap
10.2. Company Market Share Analysis, 2024
10.3. Competitive Dashboard
10.4. Company Profiles
10.4.1. All American Hemp Company
10.4.1.1. Company Overview
10.4.1.2. Product Portfolio
10.4.1.3. Financial Overview
10.4.1.4. Business Strategies and Development
10.4.2. Hempco Food and Fiber Inc
10.4.2.1. Company Overview
10.4.2.2. Product Portfolio
10.4.2.3. Financial Overview
10.4.2.4. Business Strategies and Development
10.4.3. Green Source Organics
10.4.3.1. Company Overview
10.4.3.2. Product Portfolio
10.4.3.3. Financial Overview
10.4.3.4. Business Strategies and Development
10.4.4. Trigone Foods Inc.
10.4.4.1. Company Overview
10.4.4.2. Product Portfolio
10.4.4.3. Financial Overview
10.4.4.4. Business Strategies and Development
10.4.5. Big V Feeds
10.4.5.1. Company Overview
10.4.5.2. Product Portfolio
10.4.5.3. Financial Overview
10.4.5.4. Business Strategies and Development
10.4.6. Nutrena World
10.4.6.1. Company Overview
10.4.6.2. Product Portfolio
10.4.6.3. Financial Overview
10.4.6.4. Business Strategies and Development
10.4.7. Cavalor
10.4.7.1. Company Overview
10.4.7.2. Product Portfolio
10.4.7.3. Financial Overview
10.4.7.4. Business Strategies and Development
10.4.8. Triple Crown Feed
10.4.8.1. Company Overview
10.4.8.2. Product Portfolio
10.4.8.3. Financial Overview
10.4.8.4. Business Strategies and Development
10.4.9. Blue Sky Hemp Ventures Ltd.
10.4.9.1. Company Overview
10.4.9.2. Product Portfolio
10.4.9.3. Financial Overview
10.4.9.4. Business Strategies and Development
10.4.10. Hempro International
10.4.10.1. Company Overview
10.4.10.2. Product Portfolio
10.4.10.3. Financial Overview
10.4.10.4. Business Strategies and Development
10.4.11. Agropro
10.4.11.1. Company Overview
10.4.11.2. Product Portfolio
10.4.11.3. Financial Overview
10.4.11.4. Business Strategies and Developments
10.4.12. Hemp Foods Australia
10.4.12.1. Company Overview
10.4.12.2. Product Portfolios
10.4.12.3. Financial Overview
10.4.12.4. Business Strategies and Development
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations