Product Overview
Cannabis sativa L is the hemp plant that produces hemp seeds. As Hemp is in the same family, the two plants are quite dissimilar from each other and are usually confused with marijuana. Hemp seeds contain less than 1% and marijuana contains more than 20% of psychoactive medicines. The hemp seed is a wonderful and healthy combination of proteins, fibers, essential fats, amino acids, antioxidants, iron, and vitamins that are easily digested. The seeds are the most nutritive seeds and a gift of nature. The seeds contain high amounts of protein. This is one of the powerful foods offered for optimum health and well-being for life.
Market Highlights
Global Hemp seeds market are expected to project a notable CAGR of 12.75% in 2030.
Global Hemp seeds market to surpass USD 2.65 billion by 2030 from USD 0.80 billion in 2020 at a CAGR of 12.75% in the coming years, i.e., 2021-30. The market is driven by increasing demand for hemp oil and fibers, particularly for the emerging Asia-Pacific industries, for automotive, development, food and drink, personal care, and textile industries. Increased demand is further anticipated to boost demand for oil paints, prints, fuel, solvents, and chain-saw lubricants, buttocks, and coatings. Moreover, growth in hemp-based production process investment should drive growth in the market.
Global Hemp seeds market: Segments
Food segment to grow with the highest CAGR during 2020-30
Global Hemp seed market is segmented by Application Type into Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals. During the projected timeline, the Food segment is expected to have the highest market share. Due to their high vitamin, protein, and omega-3 fatty acid subject matter, the industry of hemp was dominated by the food segment in 2020 owing to the extensive application of hemp seeds and hemp seed oil. Hemp seeds are eaten raw or topped with cereals, smoothies, and yogurt. Increasing consumer awareness on the importance of hemp-based products drives the market for food applications.
Seeds segment to grow with the highest CAGR during 2020-30
Global Hemp Seeds market is divided by product type into Seeds, Fiber, Shives. As an alternative method of food and feed proteins, hemp seeds and oilcake are used in the food and beverage industry. In soap, lotions, shampoo and shower gels, and beauty products, oil obtained from shredded seeds is used. In the textiles, buildings, food, care products, and animal care industry, growing demand for industrial hemp is anticipated to stimulate growth in the years to come. Seeds are primarily used for oil consumed by the food and beverage industries, personal treatment, and feed. Oil is also used with medicinal and therapeutic nutritious additives such as pharmaceutical products. As a result of increasing demand in the application industries over the projected timeframe, the market for seeds will grow in a CAGR.
Market Dynamics
Drivers
Health Benefits
Hemp seeds from plant Cannabis sativa incorporate only tetrahydrocannabinol trace amounts (THC). They are abundant in linoleic (omega-6) and linolenic two vital nutrients (omega-3). Vitamin B1, vitamin B2, vitamin B6, vitamin D, calcium and magnesium, as well as potassium are also a component rich in vitamin E. Very low concentrations of plant-based food are a proper source of protein; on the other hand, hemp seeds contain sufficient protein to contribute positively to a vegetarian diet. The addition of hemp seed can be useful to people because it is an important source of linoleic (omega-6) and linolenic acids (omega-3).
Provide people with supplementary nutrients.
Hemp seeds contain all 20 amino acids containing the 9 essential acids that our body cannot generate (EAAs). High level of protein that enhances the immune system and decreases toxic substances is contained in such seeds. These seeds ingested in any way could cure diseases of immune deficiency. Highest source of fatty acids, botanically in nature. A superior vegetarian protein source that is easily digestible. It has a rich source of immunity, blood flow, tissue, cells, skin, and Mitochondria-protective nutrients.
Restraint
Strict government regulations
Companies that offer products derived from hemp and hemp seeds need to comply with various regulatory guidelines worldwide. When countries around the world practice different levels of legalization for various kinds of hemp, it may be annoying for producers and stakeholders to act in accordance with the strong regulations rules for producing and selling industrial hemp across multiple areas in the same nation. Furthermore, hemp-containing cannabidiol (CBD) and tetrahydrocannabinol (THC) regulations remain highly variable from country to state, which leads even more to commodity trading problems.
Global Hemp seeds market: Key Players
Ecofibre (Australia)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
GenCanna (US)
Hemp Inc. (US)
South Hemp Tecno (Italy)
HempFlax BV (Netherlands)
Konoplex Group (Russia)
MH Medical Hemp (Germany)
Hemp Oil Canada (Canada)
BAFA (Germany)
Plains Industrial Hemp Processing (Canada)
Canah International (Romania)
Other Prominent Players
Global Hemp seeds market: Regions
Global Hemp seeds market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. During the projected timeline, North America ought to have the highest share in the total market for Hemp seeds. The US invests significantly in the development of various industrial hemp variants of Tetrahydrocannabinol (THC) content of around 0,3% after its legalized 2020 Farm Bill. China, followed by Hungary and Romania, is the biggest exporter of raw and processed hemp products in the United States During the projected timeframe, rapid expansion in small, niche markets for hemp-based industry and consumer products is predicted to continue driving US overall growth.
The industries are heavily restricted and only in compliance with state, nation, and other national regulations can culture, manufacturing, distribution, marketing, and transport be carried out. Seeds play an important part in the production and quality of products. Asian countries, including China, have a major hemp production and export tradition that has enabled these countries recently to dominate the global market.
Global Hemp Seeds market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Hemp seeds market report also contains analysis on:
Hemp seeds Segments:
By Application Type:
Food, Beverages
Personal Care Products
Textiles
Pharmaceuticals
By Product Type
Seeds
Fiber
Shives
Hemp seeds Dynamics
Hemp seeds Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Hemp seeds Market Report Scope and Segmentation:
Frequently Asked Questions
How big is the Hemp seeds market
What is the Hemp seeds market growth
Which segment accounted for the largest Hemp seeds market share
Who are the key players in the Hemp seeds market
What are the factors driving the Hemp seeds market
Contents
1. Executive Summary
2. Global Hemp seeds Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Hemp seeds Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Hemp seeds Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Hemp seeds Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Application Type: Market Share (2020-2030F)
1. Food, Beverages, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Personal Care Products, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Textiles, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Pharmaceuticals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By product type: Market Share (2020-2030F)
1. Seeds, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Fiber, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Shives, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
Company Profile
1. Ecofibre (Australia)
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. GenCanna (US)
3. Hemp Inc. (US)
4. South Hemp Tecno (Italy)
5. HempFlax BV (Netherlands)
6. Konoplex Group (Russia)
7. MH Medical Hemp (Germany)
8. Hemp Oil Canada (Canada)
9. BAFA (Germany)
10. Plains Industrial Hemp Processing (Canada)
11. Hemp Poland (Poland)
12. Dun Agro (Netherlands)
13. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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