Hemp Seeds Market To Expand at 10.5% CAGR by 2034

Overview

New York, NY – July 07, 2025 – The Global Hemp Seeds Market is gaining significant traction, driven by rising demand for nutritious superfoods and plant-based protein sources. Valued at USD 1.1 billion in 2024, the market is projected to reach USD 2.8 billion by 2034, growing at a strong CAGR of 10.5% from 2025 to 2034.

In 2024, Conventional Hemp Seeds dominated the global market with a share exceeding 82.4%. This dominance is largely attributed to well-established agricultural practices and lower production costs. Hemp Seed Oil emerged as the largest segment by form, accounting for more than a 29.8% share of the global market.

This growth is driven by increasing consumer preference for natural, plant-derived nutrition and personal care products. The Food and Beverage Sector held a leading 36.9% share in the global hemp seeds market by application. The growth of this segment is primarily driven by increasing demand for plant-based proteins, clean-label foods, and functional nutrition.

Key Takeaways

• Hemp Seeds Market size is expected to be worth around USD 2.8 billion by 2034, from USD 1.1 billion in 2024, growing at a CAGR of 10.5%.
• Conventional held a dominant market position, capturing more than an 82.4% share of the global hemp seeds market.
• Hemp Seed Oil held a dominant market position, capturing more than a 29.8% share of the global hemp seeds market.
• Food and Beverages held a dominant market position, capturing more than a 36.9% share of the global hemp seeds market.
• Supermarkets & Hypermarkets held a dominant market position, capturing more than a 41.3% share of the global hemp seeds market.

How Growth is Impacting the Economy

The Hemp Seeds Market’s robust growth is significantly influencing global economies. Its expansion creates jobs in cultivation, processing, and distribution, particularly in North America and Europe, where legalization has spurred investment. In Canada, programs like the Industrial Hemp Regulation Program ensure quality and compliance, boosting economic activity through structured supply chains.

The market’s rise supports sustainable agriculture, reducing environmental impact, and promoting eco-friendly products like hemp-based foods and cosmetics. Increased demand for hemp seed oil in personal care and nutraceuticals drives innovation, fostering economic diversification. However, regulatory challenges and infrastructure gaps in some regions limit scalability, necessitating strategic investments to sustain economic benefits and meet growing consumer demand for plant-based solutions.

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Strategies for Businesses

Businesses in the hemp seeds market should focus on innovation, developing new products like hemp-based snacks and supplements to meet rising demand. Expanding distribution through e-commerce and supermarkets enhances market reach. Investing in sustainable farming and certifications like USDA Organic can attract eco-conscious consumers. Strategic partnerships, such as those for improved seed breeding, enhance yield and quality. Companies should navigate regulatory landscapes by ensuring compliance with local laws, like Canada’s licensing system. Additionally, leveraging consumer education campaigns about hemp’s nutritional benefits can drive demand, positioning businesses to capitalize on the market’s projected USD 2.8 billion valuation by 2034.

Report Scope

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Key Market Segments

By Source

• In 2024, conventional hemp seeds dominated the global market with a share exceeding 82.4%. This dominance is largely attributed to well-established agricultural practices, lower production costs, and favorable regulatory conditions across major growing regions such as the United States, Canada, and China. These regions possess mature infrastructure for high-volume hemp cultivation, making conventional seeds more accessible and scalable for industrial use.
• Most manufacturers producing hemp-based protein powders, oils, and nutritional supplements continue to depend on conventional seed supply due to its affordability and consistent harvests. While organic hemp is gaining traction among health-focused consumers, conventional hemp remains the leading source, particularly in bulk applications and commercial food-grade production.

By Form

• In 2024, Hemp Seed Oil emerged as the largest segment by form, accounting for more than a 29.8% share of the global market. This growth is driven by increasing consumer preference for natural, plant-derived nutrition and personal care products. Rich in essential fatty acids, antioxidants, and vitamins, hemp seed oil has gained popularity in dietary supplements, functional foods, and skin care formulations.
• The segment has seen strong uptake across Europe and North America, where demand for clean-label and plant-based wellness products is rising. By 2025, further expansion is expected as more brands adopt cold-pressed hemp seed oil in their product lines, supported by clearer regulations around non-CBD hemp derivatives.

By Application

• In 2024, the Food and Beverage sector held a leading 36.9% share in the global hemp seeds market by application. The growth of this segment is primarily driven by increasing demand for plant-based proteins, clean-label foods, and functional nutrition. Hemp seeds are now widely used in protein powders, snacks, dairy alternatives, and baked goods due to their complete amino acid profile and rich nutritional value.
• This trend is particularly strong in North America and Europe, where consumer awareness around sustainable and healthy eating habits continues to grow. In 2025, the segment is expected to remain at the forefront, as manufacturers innovate with hemp-based formulations and retailers expand product offerings across mainstream health food categories.

Regional Analysis

In 2024, the Asia-Pacific (APAC) region solidified its position as the global leader in the hemp seeds market, commanding a 46.3% share, valued at approximately USD 0.4 billion. This dominance is driven by favorable climates for hemp cultivation, established agricultural traditions, and progressive regulatory changes in several key markets.

China remains a cornerstone of APAC’s leadership, serving as a leading global producer and exporter of hemp seeds and derivatives. Data from the Chinese Ministry of Agriculture indicates that China accounts for over 70% of global industrial hemp cultivation, with Yunnan and Heilongjiang provinces at the forefront of seed production.

Rising demand for plant-based and functional foods, fueled by hemp seeds’ rich protein and omega fatty acid content, aligns with regional trends. Urbanization, a growing health-conscious middle class, and increased e-commerce penetration have boosted the accessibility and popularity of hemp-based products. With ongoing regulatory advancements and expanding domestic production, APAC is poised to sustain its leading position in the global hemp seeds market in the years ahead.

Recent Developments

1. BAFA neu GmbH

• BAFA neu GmbH, a German hemp specialist, has expanded its hemp seed offerings, focusing on high-CBD and organic varieties. The company is collaborating with European farmers to improve sustainable cultivation practices. BAFA neu emphasizes traceability and GMO-free seeds, catering to food and wellness markets. Their latest product line includes nutrient-rich hemp seeds for protein supplements.

2. Canah International

• Canah International, a Spanish leader in hemp seeds, recently launched new feminized and auto-flowering seed varieties optimized for high yield and resilience. The company is investing in R&D to develop drought-resistant strains for Mediterranean climates. Canah also obtained organic certification for its seed portfolio, strengthening its position in the European market.

3. Colorado Hemp Works (US)

• Colorado Hemp Works continues innovating with its proprietary hemp seed genetics, focusing on high-CBD and CBG strains. The company recently partnered with U.S. farmers to promote regenerative agriculture. Their latest release, a terpene-rich hemp seed variety, targets both medicinal and culinary applications. Colorado Hemp Works also emphasizes seed-to-sale transparency.

4. Dun Agro

• Dutch company Dun Agro is pioneering industrial hemp seed varieties for fiber and grain production. Their recent trials focus on high-yield, low-THC seeds compliant with EU regulations. Dun Agro is also working on hemp-based animal feed solutions, collaborating with research institutions to validate nutritional benefits.

5. Ecofibre

• Australian-based Ecofibre, known for its “Hemp Black” technology, has expanded its hemp seed division, focusing on high-protein, food-grade seeds. The company recently secured patents for novel seed processing techniques, enhancing bioavailability. Ecofibre is also exploring hemp seed applications in plant-based meats and dairy alternatives.

Conclusion

The Hemp Seeds Market’s growth trajectory underscores its economic and environmental significance. Driven by consumer demand for sustainable, nutritious products, it fosters job creation and innovation. Businesses can thrive by embracing innovation, sustainability, and strategic partnerships. Despite regulatory hurdles, the market’s future remains bright, with analysts predicting robust expansion. As hemp seeds gain traction in global markets, their role in promoting eco-friendly solutions and economic diversification will solidify, making them a vital component of the evolving food and wellness industries.

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