Product Code: GVR-4-68040-018-9
Hemp Seed Oil Market Growth & Trends:
The global hemp seed oil market size is estimated to reach USD 264.4 million in 2030 and is anticipated to expand at a CAGR of 14.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Various health benefits are associated with the use of hemp seed oil such as coping with anxiety, boosting the immune system, and others due to which hemp seed oil is increasingly consumed by consumers all across the globe thus driving the market growth. However, difficulties in sourcing raw materials for hemp seed oil coupled with its high cost are anticipated to hamper the market growth during the forecast period.
The preference of consumers is shifting towards hemp seed oil owing to the presence of numerous nutritional values resulting in its rising use and consumption which is anticipated to surge the market growth over the forecast period. Additionally, increasing the application of hemp seed oil to reduce or treat various illnesses including mental illness, Alzheimer's disease, and others increase the consumption of hemp seed oil thus driving the market growth in the coming years.
The conventional segment held a higher share of the global market in 2022. The high usage of conventional methods for producing products as they result in higher production is driving the segment's growth. Moreover, farming hemp using the conventional method ensures better and healthy yielding of crops, gaining a high amount of final product, which is boding well for the market growth.
North America accounted for the largest share of the market. The legalization of hemp in the U.S. and Canada is a key factor contributing to the market growth. Moreover, increasing awareness regarding the benefits of hemp seed oil among consumers is increasing its adoption which is another primary factor further boosting the industry growth in the region.
Major industry players include: Nutiva Inc.; Connoills LLC; Manitoba Harvest; Sky Organics; Velona; NP Nutra; Z-COMPANY; Live Verdure Ltd. - 13 Seeds; Bombay Hemp Company; and Bioriginal Food & Science Corp. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain greater market share.
Hemp Seed Oil Market Report Highlights:
- Middle East is expected to grow at the fastest CAGR over the forecast period from 2023 to 2030. The rising use of hemp seed oil in drugs for various health treatments is anticipated to surge market growth. The organic segment is anticipated to grow at a higher CAGR over the forecast period. The increasing popularity and consumption of organic products owing to various health benefits of organic products is a primary factor fueling the segment's growth
- The B2C segment is forecast to grow at a faster CAGR over the forecast period from 2023 to 2030. The growing popularity of hemp seed oil due to its health benefits and its increasing accessibility through retail channels is anticipated to contribute to the growth of the segment
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Nature Outlook
- 2.3. Type Outlook
- 2.4. Distribution Channel Outlook
- 2.5. Regional Outlook
Chapter 3. Hemp Seed Oil Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Chain Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's Five Forces
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of Hemp Seed Oil Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the Hemp Seed Oil Market
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographics Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Hemp Seed Oil Market: Nature Estimates & Trend Analysis
- 5.1. Nature Movement Analysis & Market Share, 2022 & 2030
- 5.2. Organic
- 5.2.1. Market estimates and forecast for organic, 2017 - 2030 (USD Million)
- 5.3. Conventional
- 5.3.1. Market estimates and forecast for conventional, 2017 - 2030 (USD Million)
Chapter 6. Hemp Seed Oil Market: Type Estimates & Trend Analysis
- 6.1. Type Movement Analysis & Market Share, 2022 & 2030
- 6.2. Cold-pressed
- 6.2.1. Market estimates and forecast for cold-pressed hemp seed oil, 2017 - 2030 (USD Million)
- 6.3. Refined
- 6.3.1. Market estimates and forecast for refined hemp seed oil, 2017 - 2030 (USD Million)
Chapter 7. Hemp Seed Oil Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 7.2. B2B
- 7.2.1. Market estimates and forecast through B2B, 2017 - 2030 (USD Million)
- 7.3. B2C
- 7.3.1. Market estimates and forecast through B2C, 2017 - 2030 (USD Million)
- 7.3.2. Hypermarkets & Supermarkets
- 7.3.2.1. Hemp seed oil market estimates and forecast through hypermarkets & supermarkets, 2017 - 2030 (USD Million)
- 7.3.3. Convenience Stores
- 7.3.3.1. Hemp seed oil market estimates and forecast through convenience stores, 2017 - 2030 (USD Million)
- 7.3.4. Online
- 7.3.4.1. Hemp seed oil market estimates and forecast through the online distribution channel, 2017 - 2030 (USD Million)
- 7.3.5. Others
- 7.3.5.1. Hemp seed oil market estimates and forecast through other distribution channels, 2017 - 2030 (USD Million)
Chapter 8. Hemp Seed Oil Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.2.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.2.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.5. U.S.
- 8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.5.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.2.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.2.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.6. Canada
- 8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.6.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.2.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.2.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.7. Mexico
- 8.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.7.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.2.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.2.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.3.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.3.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.5. U.K.
- 8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.5.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.3.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.3.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.6. Germany
- 8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.3.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.3.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.7. France
- 8.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.7.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.3.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.3.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.8. Italy
- 8.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.8.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.3.8.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.3.8.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.9. Spain
- 8.3.9.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.9.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.3.9.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.3.9.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.4.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.5. China
- 8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.5.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.4.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.4.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.6. Japan
- 8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.4.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.4.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.7. India
- 8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.7.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.4.7.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.4.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.5. Brazil
- 8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.5.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.5.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.5.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.6.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.6.5. South Africa
- 8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.5.2. Market estimates and forecast, by nature, 2017 - 2030 (USD Million)
- 8.6.5.3. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 8.6.5.4. Market estimates and forecast, By distribution channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Key Players' Recent Developments & Their Impact
- 9.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 9.3. Vendor Landscape
- 9.3.1. Key Company Market Share Analysis, 2022
Chapter 10. Company Profiles
- 10.1. Nutiva Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. Connoills LLC
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
- 10.3. Manitoba Harvest
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
- 10.4. Sky Organics
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
- 10.5. Velona
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
- 10.6. NP Nutra
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
- 10.7. Z-COMPANY
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
- 10.8. Live Verdure Ltd. - 13 Seeds
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
- 10.9. Bombay Hemp Company
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
- 10.10. Bioriginal Food & Science Corp
- 10.10.1. Company Overview
- 10.10.2. Financial Performances
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives