Industrial Hemp Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Industrial Hemp Market Report is Segmented by Type (Hemp Seed (Consumed Raw, Cooked, or Roasted), Hemp Seed Oil, Cannabidiol (CBD) Hemp Oil, Hemp Protein (Supplement), and Hemp Extract (Without CBD)), Application (Food and Beverages, Healthcare Supplements, and Other Applications), and Geography (North America, Europe, South America, and Rest of the World). The Report Offers Market Sizes and Forecasts in Terms of Revenue (USD) for all the Above Segments.

Industrial Hemp Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Industrial Hemp Market Size

Industrial Hemp Market Summary
Study Period 2024 - 2030
Market Size (2025) USD 3.04 Billion
Market Size (2030) USD 6.67 Billion
CAGR (2025 - 2030) 17.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Industrial Hemp Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Industrial Hemp Market Analysis

The Industrial Hemp Market size is estimated at USD 3.04 billion in 2025, and is expected to reach USD 6.67 billion by 2030, at a CAGR of greater than 17% during the forecast period (2025-2030).

The market was negatively impacted by COVID-19 in 2020. Manufacturing and construction activities were paused as a result of the lockdowns. The outbreak of COVID-19 also brought several short-term and long-term consequences to the construction industry. According to the Associated General Contractors of America (AGC), there were disruptions to work or canceled projects and hence less demand for 'non-essential' projects, like offices, entertainment, and sports facilities, in the initial months of 2020. Furthermore, in 2021, the demand for industrial hemp recovered and is expected to grow at a significant rate in the coming years.

  • Over the short term, the major factors driving the market studied are the huge demand for industrial hemp products across diverse and highly functional applications in the healthcare sector.
  • On the flip side, stringent regulations associated with hemp are hindering the growth of the market.
  • The eco-friendly nature of hemp, with its low carbon footprint, extensive research and development activities, and recent regulations related to hemp, is expected to offer lucrative opportunities for growth in the market.
  • North America is expected to grow at the fastest rate across the world, with the largest consumption from countries such as the United States and Canada.

Industrial Hemp Industry Overview

The industrial hemp market is fragmented in nature. Some major players in the market (not in any particular order) include International Flavors & Fragrances Inc., Firmenich SA, PharmaCielo Ltd, Manitoba Harvest (Tilray), and Robertet.

Industrial Hemp Market Leaders

  1. International Flavors & Fragrances Inc.

  2. Firmenich SA

  3. PharmaCielo Ltd

  4. Manitoba Harvest (Tilray)

  5. Robertet

  6. *Disclaimer: Major Players sorted in no particular order
Industrial Hemp Market  Concentration
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Industrial Hemp Market News

  • January 2022: MariMed Inc. signed a definitive agreement to acquire Green Growth Group Inc., holder of a provisional Cannabis Craft License in Illinois.
  • January 2022: MariMed Inc. entered a definitive agreement to acquire Kind Therapeutics USA LLC, a leading vertically integrated cannabis business in Maryland.

Industrial Hemp Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Huge Demand for Industrial Hemp Products Across Diverse Applications
    • 4.1.2 High Functional Application in Health Care Sector
  • 4.2 Restraints
    • 4.2.1 Stringent Regulations Associated with Hemp
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Hemp Seed (Consumed Raw, Cooked or Roasted)
    • 5.1.2 Hemp Seed Oil
    • 5.1.3 Cannabidiol (CBD) Hemp Oil
    • 5.1.4 Hemp Protein (Supplement)
    • 5.1.5 Hemp Extract (Without CBD)
  • 5.2 Application
    • 5.2.1 Food and Beverages
    • 5.2.2 Healthcare Supplements
    • 5.2.3 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Malaysia
    • 5.3.1.6 Thailand
    • 5.3.1.7 Indonesia
    • 5.3.1.8 Vietnam
    • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Spain
    • 5.3.3.6 Turkey
    • 5.3.3.7 Russia
    • 5.3.3.8 NORDIC Countries
    • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 Nigeria
    • 5.3.5.3 Qatar
    • 5.3.5.4 Egypt
    • 5.3.5.5 United Arab Emirates
    • 5.3.5.6 South Africa
    • 5.3.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Ilesol Pharmaceuticals doo
    • 6.4.2 Bulk Hemp Warehouse LLC
    • 6.4.3 International Flavors & Fragrances Inc.
    • 6.4.4 GenCanna
    • 6.4.5 Robertet
    • 6.4.6 Firmenich SA
    • 6.4.7 Charlotte's Web Holdings Inc.
    • 6.4.8 True Terpenes
    • 6.4.9 Puricon
    • 6.4.10 PharmaCielo Ltd
    • 6.4.11 Silver Lion Farms
    • 6.4.12 Bomar Agra Estates LLC.
    • 6.4.13 Colorado Breeders Depot
    • 6.4.14 33 Supply LLC
    • 6.4.15 Green Passion (Canway Schweiz GmbH)
    • 6.4.16 Victory Hemp Foods
    • 6.4.17 Hemp Oil Canada
    • 6.4.18 Manitoba Harvest (Tilray)
    • 6.4.19 HempFlax Group BV
    • 6.4.20 Entoura
    • 6.4.21 Bedrocan
    • 6.4.22 Signature Products
    • 6.4.23 Nutiva hemp Oil
    • 6.4.24 Temp Co. Canada
    • 6.4.25 Hemp Acres USA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Eco-friendly Nature of Hemp with Low Carbon Footprint
  • 7.2 Extensive R&D activities
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Industrial Hemp Industry Segmentation

Industrial hemp is a non-drug variety of Cannabis sativa with very low delta-9-tetrahydrocannabinol (THC) content. It is an agricultural commodity that comes from the same plant species but from different cultivars bred for different uses. There are genetically distinct forms of Cannabis that are differentiated by their usage, chemical makeup, and practices of cultivation. Industrial hemp has been a source of fiber and oilseed for centuries and is extensively used to produce a variety of industrial and consumer products across the world. It is a dual-purpose crop and can be grown as a seed and fiber.

The industrial hemp market is segmented on the basis of type, application, and geography. By type, the market is segmented into hemp seed (consumed raw, cooked, or roasted), hemp seed oil, cannabidiol (CBD) hemp oil, hemp protein (supplement), and hemp extract (without CBD). By application, the market is segmented into food and beverages, healthcare supplements, and other applications (paper, textiles, etc.). The report also covers the market size and forecasts for the industrial hemp market in 27 countries across major regions. For each segment, the market sizes and forecasts are provided in terms of revenue (USD).

Type Hemp Seed (Consumed Raw, Cooked or Roasted)
Hemp Seed Oil
Cannabidiol (CBD) Hemp Oil
Hemp Protein (Supplement)
Hemp Extract (Without CBD)
Application Food and Beverages
Healthcare Supplements
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Turkey
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
Nigeria
Qatar
Egypt
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Industrial Hemp Market Research FAQs

How big is the Industrial Hemp Market?

The Industrial Hemp Market size is expected to reach USD 3.04 billion in 2025 and grow at a CAGR of greater than 17% to reach USD 6.67 billion by 2030.

What is the current Industrial Hemp Market size?

In 2025, the Industrial Hemp Market size is expected to reach USD 3.04 billion.

Who are the key players in Industrial Hemp Market?

International Flavors & Fragrances Inc., Firmenich SA, PharmaCielo Ltd, Manitoba Harvest (Tilray) and Robertet are the major companies operating in the Industrial Hemp Market.

Which is the fastest growing region in Industrial Hemp Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Industrial Hemp Market?

In 2025, the North America accounts for the largest market share in Industrial Hemp Market.

What years does this Industrial Hemp Market cover, and what was the market size in 2024?

In 2024, the Industrial Hemp Market size was estimated at USD 2.52 billion. The report covers the Industrial Hemp Market historical market size for years: 2024. The report also forecasts the Industrial Hemp Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Industrial Hemp Industry Report

The global industrial hemp market is experiencing significant market growth, driven by the increasing demand for sustainable and eco-friendly products. The market research indicates that the market share and market size are expected to rise considerably. The market analysis shows that hemp seeds and hemp seed oil are the largest segments due to their high nutritional value and extensive use in the food and beverage industry. Additionally, the growing use of hemp-derived Cannabidiol (CBD) in the healthcare sector is a key factor contributing to this market growth.

The industrial hemp market report highlights the complex regulatory structure and the lack of top-tier hemp processing facilities as challenges to market expansion. However, industry reports suggest that opportunities lie in innovative product development, such as biofuel and bioplastics. The North American region, particularly the United States, is anticipated to dominate the market due to the legalization of industrial hemp cultivation.

Industry analysis and industry information reveal that the market value and market segmentation are crucial for understanding the market outlook. The industry outlook and market forecast indicate a positive trend, supported by industry research and industry statistics. The market review and market predictions further emphasize the potential for growth in this sector.

The report example and report pdf provide detailed insights into the market data and industry trends. Research companies have noted the significance of market leaders in driving the market forward. Overall, the market overview and market predictions paint a promising picture for the future of the industrial hemp industry.