The global Hemp market size was valued at US$ 2552 million in 2024 and is forecast to a readjusted size of USD 9772 million by 2031 with a CAGR of 21.4% during review period.
Hemp, or industrial hemp, typically found in the northern hemisphere, is a variety of the Cannabis sativa plant species that is grown specifically for the industrial uses of its derived products. It is one of the fastest growing plants and was one of the first plants to be spun into usable fiber 10,000 years ago.
The main Hemp players include Manitoba Harvest, Isodiol, Canopy Growth Corporation, CW Botanicals, Aphria, etc. The top five Hemp players account for approximately 40% of the total global market. North America is the largest consumer market for Hemp accounting for about 35%, followed by China and Europe. In terms of Type, Hemp Oil is the largest segment, with a share about 37%. And in terms of Applications, the largest segment is Supermarkets, followed by Convenience Stores.
This report is a detailed and comprehensive analysis for global Hemp market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Hemp market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/K MT), 2020-2031
Global Hemp market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/K MT), 2020-2031
Global Hemp market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/K MT), 2020-2031
Global Hemp market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/K MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hemp
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hemp market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Manitoba Harvest, CW Hemp/CW Botanicals, Aphria, Canopy Growth Corporation, Nutiva, Agropro, CV Sciences, Isodiol, ENDOCA, Jinzhou Qiaopai Biotech, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Hemp market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Hemp Seeds
Hemp Oil
Hemp Protein
Soft Gel Caps
Others
Market segment by Application
Supermarkets
Convenience Stores
Others
Major players covered
Manitoba Harvest
CW Hemp/CW Botanicals
Aphria
Canopy Growth Corporation
Nutiva
Agropro
CV Sciences
Isodiol
ENDOCA
Jinzhou Qiaopai Biotech
North American Hemp & Grain Co
Yunnan Industrial Hemp
GFR Ingredients Inc
Hempco
Yishutang
Naturally Splendid
BAFA neu GmbH
Aos Products
Suyash Herbs
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hemp product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Hemp, with price, sales quantity, revenue, and global market share of Hemp from 2020 to 2025.
Chapter 3, the Hemp competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hemp breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Hemp market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Hemp.
Chapter 14 and 15, to describe Hemp sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Hemp Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Hemp Seeds
1.3.3 Hemp Oil
1.3.4 Hemp Protein
1.3.5 Soft Gel Caps
1.3.6 Others
1.4 Market Analysis by Application
1.4.1 Overview: Global Hemp Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Supermarkets
1.4.3 Convenience Stores
1.4.4 Others
1.5 Global Hemp Market Size & Forecast
1.5.1 Global Hemp Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Hemp Sales Quantity (2020-2031)
1.5.3 Global Hemp Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Manitoba Harvest
2.1.1 Manitoba Harvest Details
2.1.2 Manitoba Harvest Major Business
2.1.3 Manitoba Harvest Hemp Product and Services
2.1.4 Manitoba Harvest Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Manitoba Harvest Recent Developments/Updates
2.2 CW Hemp/CW Botanicals
2.2.1 CW Hemp/CW Botanicals Details
2.2.2 CW Hemp/CW Botanicals Major Business
2.2.3 CW Hemp/CW Botanicals Hemp Product and Services
2.2.4 CW Hemp/CW Botanicals Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 CW Hemp/CW Botanicals Recent Developments/Updates
2.3 Aphria
2.3.1 Aphria Details
2.3.2 Aphria Major Business
2.3.3 Aphria Hemp Product and Services
2.3.4 Aphria Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Aphria Recent Developments/Updates
2.4 Canopy Growth Corporation
2.4.1 Canopy Growth Corporation Details
2.4.2 Canopy Growth Corporation Major Business
2.4.3 Canopy Growth Corporation Hemp Product and Services
2.4.4 Canopy Growth Corporation Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Canopy Growth Corporation Recent Developments/Updates
2.5 Nutiva
2.5.1 Nutiva Details
2.5.2 Nutiva Major Business
2.5.3 Nutiva Hemp Product and Services
2.5.4 Nutiva Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Nutiva Recent Developments/Updates
2.6 Agropro
2.6.1 Agropro Details
2.6.2 Agropro Major Business
2.6.3 Agropro Hemp Product and Services
2.6.4 Agropro Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Agropro Recent Developments/Updates
2.7 CV Sciences
2.7.1 CV Sciences Details
2.7.2 CV Sciences Major Business
2.7.3 CV Sciences Hemp Product and Services
2.7.4 CV Sciences Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 CV Sciences Recent Developments/Updates
2.8 Isodiol
2.8.1 Isodiol Details
2.8.2 Isodiol Major Business
2.8.3 Isodiol Hemp Product and Services
2.8.4 Isodiol Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Isodiol Recent Developments/Updates
2.9 ENDOCA
2.9.1 ENDOCA Details
2.9.2 ENDOCA Major Business
2.9.3 ENDOCA Hemp Product and Services
2.9.4 ENDOCA Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 ENDOCA Recent Developments/Updates
2.10 Jinzhou Qiaopai Biotech
2.10.1 Jinzhou Qiaopai Biotech Details
2.10.2 Jinzhou Qiaopai Biotech Major Business
2.10.3 Jinzhou Qiaopai Biotech Hemp Product and Services
2.10.4 Jinzhou Qiaopai Biotech Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Jinzhou Qiaopai Biotech Recent Developments/Updates
2.11 North American Hemp & Grain Co
2.11.1 North American Hemp & Grain Co Details
2.11.2 North American Hemp & Grain Co Major Business
2.11.3 North American Hemp & Grain Co Hemp Product and Services
2.11.4 North American Hemp & Grain Co Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 North American Hemp & Grain Co Recent Developments/Updates
2.12 Yunnan Industrial Hemp
2.12.1 Yunnan Industrial Hemp Details
2.12.2 Yunnan Industrial Hemp Major Business
2.12.3 Yunnan Industrial Hemp Hemp Product and Services
2.12.4 Yunnan Industrial Hemp Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Yunnan Industrial Hemp Recent Developments/Updates
2.13 GFR Ingredients Inc
2.13.1 GFR Ingredients Inc Details
2.13.2 GFR Ingredients Inc Major Business
2.13.3 GFR Ingredients Inc Hemp Product and Services
2.13.4 GFR Ingredients Inc Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 GFR Ingredients Inc Recent Developments/Updates
2.14 Hempco
2.14.1 Hempco Details
2.14.2 Hempco Major Business
2.14.3 Hempco Hemp Product and Services
2.14.4 Hempco Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Hempco Recent Developments/Updates
2.15 Yishutang
2.15.1 Yishutang Details
2.15.2 Yishutang Major Business
2.15.3 Yishutang Hemp Product and Services
2.15.4 Yishutang Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 Yishutang Recent Developments/Updates
2.16 Naturally Splendid
2.16.1 Naturally Splendid Details
2.16.2 Naturally Splendid Major Business
2.16.3 Naturally Splendid Hemp Product and Services
2.16.4 Naturally Splendid Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.16.5 Naturally Splendid Recent Developments/Updates
2.17 BAFA neu GmbH
2.17.1 BAFA neu GmbH Details
2.17.2 BAFA neu GmbH Major Business
2.17.3 BAFA neu GmbH Hemp Product and Services
2.17.4 BAFA neu GmbH Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.17.5 BAFA neu GmbH Recent Developments/Updates
2.18 Aos Products
2.18.1 Aos Products Details
2.18.2 Aos Products Major Business
2.18.3 Aos Products Hemp Product and Services
2.18.4 Aos Products Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.18.5 Aos Products Recent Developments/Updates
2.19 Suyash Herbs
2.19.1 Suyash Herbs Details
2.19.2 Suyash Herbs Major Business
2.19.3 Suyash Herbs Hemp Product and Services
2.19.4 Suyash Herbs Hemp Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.19.5 Suyash Herbs Recent Developments/Updates
3 Competitive Environment: Hemp by Manufacturer
3.1 Global Hemp Sales Quantity by Manufacturer (2020-2025)
3.2 Global Hemp Revenue by Manufacturer (2020-2025)
3.3 Global Hemp Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Hemp by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Hemp Manufacturer Market Share in 2024
3.4.3 Top 6 Hemp Manufacturer Market Share in 2024
3.5 Hemp Market: Overall Company Footprint Analysis
3.5.1 Hemp Market: Region Footprint
3.5.2 Hemp Market: Company Product Type Footprint
3.5.3 Hemp Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Hemp Market Size by Region
4.1.1 Global Hemp Sales Quantity by Region (2020-2031)
4.1.2 Global Hemp Consumption Value by Region (2020-2031)
4.1.3 Global Hemp Average Price by Region (2020-2031)
4.2 North America Hemp Consumption Value (2020-2031)
4.3 Europe Hemp Consumption Value (2020-2031)
4.4 Asia-Pacific Hemp Consumption Value (2020-2031)
4.5 South America Hemp Consumption Value (2020-2031)
4.6 Middle East & Africa Hemp Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Hemp Sales Quantity by Type (2020-2031)
5.2 Global Hemp Consumption Value by Type (2020-2031)
5.3 Global Hemp Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Hemp Sales Quantity by Application (2020-2031)
6.2 Global Hemp Consumption Value by Application (2020-2031)
6.3 Global Hemp Average Price by Application (2020-2031)
7 North America
7.1 North America Hemp Sales Quantity by Type (2020-2031)
7.2 North America Hemp Sales Quantity by Application (2020-2031)
7.3 North America Hemp Market Size by Country
7.3.1 North America Hemp Sales Quantity by Country (2020-2031)
7.3.2 North America Hemp Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Hemp Sales Quantity by Type (2020-2031)
8.2 Europe Hemp Sales Quantity by Application (2020-2031)
8.3 Europe Hemp Market Size by Country
8.3.1 Europe Hemp Sales Quantity by Country (2020-2031)
8.3.2 Europe Hemp Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Hemp Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Hemp Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Hemp Market Size by Region
9.3.1 Asia-Pacific Hemp Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Hemp Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Hemp Sales Quantity by Type (2020-2031)
10.2 South America Hemp Sales Quantity by Application (2020-2031)
10.3 South America Hemp Market Size by Country
10.3.1 South America Hemp Sales Quantity by Country (2020-2031)
10.3.2 South America Hemp Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Hemp Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Hemp Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Hemp Market Size by Country
11.3.1 Middle East & Africa Hemp Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Hemp Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Hemp Market Drivers
12.2 Hemp Market Restraints
12.3 Hemp Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Hemp and Key Manufacturers
13.2 Manufacturing Costs Percentage of Hemp
13.3 Hemp Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Hemp Typical Distributors
14.3 Hemp Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Manitoba Harvest
CW Hemp/CW Botanicals
Aphria
Canopy Growth Corporation
Nutiva
Agropro
CV Sciences
Isodiol
ENDOCA
Jinzhou Qiaopai Biotech
North American Hemp & Grain Co
Yunnan Industrial Hemp
GFR Ingredients Inc
Hempco
Yishutang
Naturally Splendid
BAFA neu GmbH
Aos Products
Suyash Herbs
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*If Applicable.
