Hemp Global Market Report 2024

Hemp Global Market Report 2024 – By Product Type (Hemp Seed, Hemp Oil, Hemp Fiber), By Source (Conventional, Organic), By Farm (Outdoor, Indoor), By Application (Food And Beverages, Textiles, Personal Care And Cosmetics, Pharmaceuticals, Automotive, Construction, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Name: Hemp Global Market Report 2024
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Hemp Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : November 2024 | Delivery Time: 2-3 business days | Format : pdf

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Hemp Market Definition

Hemp is a type of cannabis sativa plant cultivated primarily for industrial applications and medicinal purposes. It is distinct from marijuana because of its low content of tetrahydrocannabinol (THC), the psychoactive compound found in cannabis. Hemp is widely used in the textile industry to produce durable fabrics and eco-friendly clothing.

The main types of hemp products are hemp seed, hemp oil, and hemp fiber. Hemp seeds are small, nutrient-rich seeds harvested from the hemp plant. It can be obtained from both conventional and organic sources and is grown in outdoor and indoor farms. It is applied for food and beverages, textiles, personal care and cosmetics, pharmaceuticals, automotive, construction, and others.

Hemp Market Segmentation

The hemp market covered in this report is segmented –

1) By Product Type: Hemp Seed, Hemp Oil, Hemp Fiber

2) By Source: Conventional, Organic

3) By Farm: Outdoor, Indoor

4) By Application: Food And Beverages, Textiles, Personal Care And Cosmetics, Pharmaceuticals, Automotive, Construction, Other Applications

Global Hemp Market Size 2023 to 2028: Graph

Hemp Market Size 2024 And Growth Rate

The hemp market size has grown exponentially in recent years. It will grow from $5.91 billion in 2023 to $7.12 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to increasing demand for hemp-based textiles, growing popularity of hemp-derived CBD products, rising awareness of hemp’s environmental benefits, demand for sustainable and organic products, and rise in industrial applications of hemp fiber.

Hemp Market Growth Forecast

The hemp market size is expected to see exponential growth in the next few years. It will grow to $15.08 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to increased investment in hemp research and development, growing adoption of hemp in the automotive industry, rising demand for plant-based protein sources, rising consumer interest in eco-friendly materials, and growth of hemp in pharmaceutical applications. Major trends in the forecast period include the adoption of hempcrete in sustainable construction, integration of hemp in textile and fashion innovation, development of hemp-based pharmaceuticals, advancements in hemp crop genetics for higher yield, and development of new hemp-derived food products.

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Hemp Market Driver: Rising Demand For Natural And Organic Products Fuels Growth In The Hemp Market

The increasing demand for natural and organic products is expected to propel the growth of the hemp market going forward. A natural and organic product is one made from ingredients that are derived from natural sources without synthetic chemicals, pesticides, or genetically modified organisms (GMOs) and is often produced following organic farming standards. Rising consumer awareness about health and environmental impacts drives the growing preference for natural and organic options. Hemp is used as a natural and organic product because it is grown without synthetic chemicals, is environmentally sustainable, and provides versatile, eco-friendly materials and nutrients. For instance, in May 2023, according to a report published by the Organic Trade Association, a US-based business association, organic food sales in the United States surpassed $60 billion for the first time in 2022, with overall organic sales, encompassing both food and non-food items, reaching a record high of $67.6 billion. Organic produce alone generated $22 billion, making up 15% of the country's total fruit and vegetable sales. Therefore, the increasing demand for natural and organic products is driving the growth of the hemp market.

Global Hemp Market Major Players

Major companies operating in the hemp market are Tilray Brands Inc., Konoplex LLC, Liaoning Qiaopai Biotech Co. Ltd., Aurora Cannabis Inc., Ecofibre Limited, ENDOCA BV, CV Sciences Inc., Navitas Organics, Elixinol LLC, US Hemp Wholesale, HempFlax Group BV, Colorado Hemp Works, Bast Fibre Technologies Inc., Dun Agro Hemp Group, GFR Ingredients Inc., Hemp Inc., HempMeds PX LLC, MH Medical Co. Ltd., The Hemp Mine, Valley Bio Ltd., Green Source Organics, Kazmira LLC

Global Hemp Market Trend: Innovations In Hemp-Based Period Pads

Major companies operating in the hemp market are focusing on the development of hemp-based products, such as period pads, to provide a hygienic, absorbent, and comfortable solution for managing menstrual flow while ensuring convenience and protection. Hemp is used in period pads for its eco-friendly, absorbent, and antimicrobial properties, offering a sustainable and comfortable alternative to traditional materials. For instance, in February 2024, Mewalii, a Denmark-based developer of sustainable disposable pads, launched period pads made from Sero regenerative hemp fibers. The Mewalii Period Pads feature a core of 100% hemp fibers and a topsheet that blends hemp with viscose for added softness and absorbency. The hemp fibers are softened through mechanical methods to ensure full biodegradability. By using hemp instead of cotton, these pads minimize water, pesticide, and land use while also leveraging hemp's low environmental impact and effective carbon sequestration.

Hemp Market Merger And Acquisition: Flora Growth Corp. Expands U.S. Market Presence With Acquisition Of No Cap Hemp Co.

In September 2022, Flora Growth Corp., a US-based manufacturer and distributor of cannabis products, acquired No Cap Hemp Co. for an undisclosed amount. This strategic move aims to enhance Flora's product offerings, particularly in the smokable cannabis segment, by introducing flower and pre-roll products. No Cap Hemp Co. is a US-based company providing products that are derived from indoor-grown hemp flowers.

Regional Insights For The Global Hemp Market

North America was the largest region in the hemp market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hemp market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hemp market consists of sales of hemp textiles, hemp protein powder, hemp paper, and hemp ropes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The hemp market research report is one of a series of new reports from The Business Research Company that provides hemp market statistics, including hemp industry global market size, regional shares, competitors with a hemp market share, detailed hemp market segments, market trends and opportunities, and any further data you may need to thrive in the hemp industry. This hemp market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hemp Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2024	$7.12 billion
Revenue Forecast In 2033	$15.08 billion
Growth Rate	CAGR of 20.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product Type: Hemp Seed; Hemp Oil; Hemp Fiber 2) By Source: Conventional; Organic 3) By Farm: Outdoor; Indoor 4) By Application: Food And Beverages; Textiles; Personal Care And Cosmetics; Pharmaceuticals; Automotive; Construction; Other Applications
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Tilray Brands Inc., Konoplex LLC, Liaoning Qiaopai Biotech Co. Ltd., Aurora Cannabis Inc., Ecofibre Limited, ENDOCA BV, CV Sciences Inc., Navitas Organics, Elixinol LLC, US Hemp Wholesale, HempFlax Group BV, Colorado Hemp Works, Bast Fibre Technologies Inc., Dun Agro Hemp Group, GFR Ingredients Inc., Hemp Inc., HempMeds PX LLC, MH Medical Co. Ltd., The Hemp Mine, Valley Bio Ltd., Green Source Organics, Kazmira LLC
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Hemp Market Characteristics

3. Hemp Market Trends And Strategies

4. Hemp Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Hemp Market Size and Growth

5.1. Global Hemp Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Hemp Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Hemp Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hemp Market Segmentation

6.1. Global Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Hemp Seed

Hemp Oil

Hemp Fiber

6.2. Global Hemp Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Conventional

Organic

6.3. Global Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Outdoor

Indoor

6.4. Global Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Food And Beverages

Textiles

Personal Care And Cosmetics

Pharmaceuticals

Automotive

Construction

Other Applications

7. Hemp Market Regional And Country Analysis

7.1. Global Hemp Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Hemp Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hemp Market

8.1. Asia-Pacific Hemp Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hemp Market

9.1. China Hemp Market Overview

9.2. China Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hemp Market

10.1. India Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hemp Market

11.1. Japan Hemp Market Overview

11.2. Japan Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hemp Market

12.1. Australia Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hemp Market

13.1. Indonesia Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hemp Market

14.1. South Korea Hemp Market Overview

14.2. South Korea Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hemp Market

15.1. Western Europe Hemp Market Overview

15.2. Western Europe Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hemp Market

16.1. UK Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hemp Market

17.1. Germany Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hemp Market

18.1. France Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hemp Market

19.1. Italy Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hemp Market

20.1. Spain Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hemp Market

21.1. Eastern Europe Hemp Market Overview

21.2. Eastern Europe Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hemp Market

22.1. Russia Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hemp Market

23.1. North America Hemp Market Overview

23.2. North America Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hemp Market

24.1. USA Hemp Market Overview

24.2. USA Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hemp Market

25.1. Canada Hemp Market Overview

25.2. Canada Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hemp Market

26.1. South America Hemp Market Overview

26.2. South America Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hemp Market

27.1. Brazil Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hemp Market

28.1. Middle East Hemp Market Overview

28.2. Middle East Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hemp Market

29.1. Africa Hemp Market Overview

29.2. Africa Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hemp Market Competitive Landscape And Company Profiles

30.1. Hemp Market Competitive Landscape

30.2. Hemp Market Company Profiles

30.2.1. Tilray Brands Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Konoplex LLC

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Liaoning Qiaopai Biotech Co. Ltd.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Aurora Cannabis Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Ecofibre Limited

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Hemp Market Other Major And Innovative Companies

31.1. ENDOCA BV

31.2. CV Sciences Inc.

31.3. Navitas Organics

31.4. Elixinol LLC

31.5. US Hemp Wholesale

31.6. HempFlax Group BV

31.7. Colorado Hemp Works

31.8. Bast Fibre Technologies Inc.

31.9. Dun Agro Hemp Group

31.10. GFR Ingredients Inc.

31.11. Hemp Inc.

31.12. HempMeds PX LLC

31.13. MH Medical Co. Ltd.

31.14. The Hemp Mine

31.15. Valley Bio Ltd.

32. Global Hemp Market Competitive Benchmarking

33. Global Hemp Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Hemp Market

35. Hemp Market Future Outlook and Potential Analysis

35.1 Hemp Market In 2028 - Countries Offering Most New Opportunities

35.2 Hemp Market In 2028 - Segments Offering Most New Opportunities

35.3 Hemp Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Hemp Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Hemp Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Hemp Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Tilray Brands Inc. Financial Performance

Table 76: Konoplex LLC Financial Performance

Table 77: Liaoning Qiaopai Biotech Co. Ltd. Financial Performance

Table 78: Aurora Cannabis Inc. Financial Performance

Table 79: Ecofibre Limited Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Hemp Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Hemp Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Hemp Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Hemp Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Hemp Market, Segmentation By Farm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Hemp Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Tilray Brands Inc. Financial Performance

Figure 76: Konoplex LLC Financial Performance

Figure 77: Liaoning Qiaopai Biotech Co. Ltd. Financial Performance

Figure 78: Aurora Cannabis Inc. Financial Performance

Figure 79: Ecofibre Limited Financial Performance

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Frequently Asked Questions

What is the definition of the hemp market?

How will the hemp market drivers and restraints affect the hemp market dynamics? What forces will shape the hemp industry going forward?

The hemp market major growth driver - Rising Demand For Natural And Organic Products Fuels Growth In The Hemp Market. For further insights on the hemp market, request a sample here

What is the forecast market size or the forecast market value of the hemp market?

The hemp market size has grown exponentially in recent years. It will grow from $5.91 billion in 2023 to $7.12 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to increasing demand for hemp-based textiles, growing popularity of hemp-derived CBD products, rising awareness of hemp’s environmental benefits, demand for sustainable and organic products, and rise in industrial applications of hemp fiber. The hemp market size is expected to see exponential growth in the next few years. It will grow to $15.08 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to increased investment in hemp research and development, growing adoption of hemp in the automotive industry, rising demand for plant-based protein sources, rising consumer interest in eco-friendly materials, and growth of hemp in pharmaceutical applications. Major trends in the forecast period include the adoption of hempcrete in sustainable construction, integration of hemp in textile and fashion innovation, development of hemp-based pharmaceuticals, advancements in hemp crop genetics for higher yield, and development of new hemp-derived food products. For further insights on the hemp market, request a sample here

How is the hemp market segmented?

The hemp market is segmented
1) By Product Type: Hemp Seed, Hemp Oil, Hemp Fiber
2) By Source: Conventional, Organic
3) By Farm: Outdoor, Indoor
4) By Application: Food And Beverages, Textiles, Personal Care And Cosmetics, Pharmaceuticals, Automotive, Construction, Other ApplicationsFor further insights on the hemp market, request a sample here

Which region has the largest share of the hemp market? What are the other regions covered in the report?

North America was the largest region in the hemp market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the hemp market, request a sample here.

Who are the major players in the hemp market?

What are the key trends in the hemp market?

Major trend in the hemp market - Innovations In Hemp-Based Period Pads. For further insights on the hemp market, request a sample here.

What are the major opportunities in the hemp market? What are the strategies for the hemp market?

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How does the hemp market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the hemp industry?

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What are the key dynamics influencing the hemp market growth? SWOT analysis of the hemp market.

For detailed insights on the key dynamics influencing the hemp market growth and SWOT analysis of the hemp industry, request a sample here.