The global market for Hemp was estimated to be worth US$ 5480 million in 2024 and is forecast to a readjusted size of US$ 14468 million by 2031 with a CAGR of 15.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Hemp cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Hemp refers to a variety of the Cannabis sativa L. plant species cultivated specifically for industrial use, with extremely low levels of THC (tetrahydrocannabinol), typically below 0.3%, and no psychoactive effects. It is a highly versatile crop: its stalks are used in textiles, construction, and biocomposites; its seeds produce plant-based proteins and omega-3-rich oils; and its leaves and flowers yield cannabidiol (CBD), widely applied in pharmaceuticals, wellness products, and cosmetics. With increasing global emphasis on sustainable agriculture, green materials, and natural health solutions, hemp is emerging as a strategic, cross-sector resource spanning agriculture, industry, medicine, and consumer goods.
The rising demand for renewable and sustainable bioresources worldwide has significantly boosted the hemp industry. With its rapid growth rate, low environmental requirements, and strong carbon sequestration potential, hemp is increasingly promoted through supportive policies in countries such as the U.S., Canada, and across Europe. The ongoing legalization of cannabis for medical and industrial purposes has fueled explosive growth in the CBD segment. Annual reports from consumer goods giants show strategic investments in hemp-based skincare, functional beverages, and natural supplements. Simultaneously, countries like China and India are cautiously opening their markets to industrial hemp cultivation, potentially reshaping global supply chains and material sourcing landscapes.Despite its potential, the hemp industry faces significant challenges in regulation, technology, and public perception. Regulatory policies vary widely between countries, and strict THC limits, complex licensing procedures, and market entry barriers introduce compliance risks and operational uncertainty. The industry also grapples with inconsistent standards, unstable crop genetics, and low extraction efficiencies, limiting scalability. Furthermore, widespread misconceptions linking hemp with psychoactive cannabis continue to hinder acceptance in high-value sectors like pharmaceuticals and food, compelling businesses to invest heavily in branding and public education to build market trust.Driven by consumer demand for "natural, organic, and sustainable" solutions, hemp-based products are gaining traction across multiple consumer markets, including food, beverages, skincare, and pet nutrition. Government data indicate CBD in North America is growing at a CAGR exceeding 20%, with applications expanding into wellness and mental health management. At the same time, hemp fiber is attracting interest from manufacturers in sustainable textiles, green construction materials, and bioplastics. Leading companies are building vertically integrated models-from cultivation to branding-to ensure quality control and accelerate global market penetration, ultimately forming a closed-loop industrial ecosystem from agriculture to high-value consumer goods.
This report aims to provide a comprehensive presentation of the global market for Hemp, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Hemp by region & country, by Type, and by Application.
The Hemp market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hemp.
Market Segmentation
By Company
- Manitoba Harvest
- CW Hemp/CW Botanicals
- Charlotte's Web Holdings
- Canopy Growth Corporation
- Nutiva
- Aurora Cannabis
- CV Sciences
- Isodiol
- ENDOCA
- Shanghai Green Vaper Technology
- North American Hemp & Grain Co
- cbdMD
- GFR Ingredients Inc
- Suyash Herbs
- Yishutang
- Naturally Splendid
- BAFA neu GmbH
- Aos Products
- HempFlax
- Manitoba Harvest
Segment by Type
- Hemp Seeds
- Hemp Oil
- Hemp Protein
- Others
Segment by Application
- Supermarkets
- Convenience Stores
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Hemp manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Hemp in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Hemp in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Hemp Product Introduction
- 1.2 Global Hemp Market Size Forecast
- 1.2.1 Global Hemp Sales Value (2020-2031)
- 1.2.2 Global Hemp Sales Volume (2020-2031)
- 1.2.3 Global Hemp Sales Price (2020-2031)
- 1.3 Hemp Market Trends & Drivers
- 1.3.1 Hemp Industry Trends
- 1.3.2 Hemp Market Drivers & Opportunity
- 1.3.3 Hemp Market Challenges
- 1.3.4 Hemp Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Hemp Players Revenue Ranking (2024)
- 2.2 Global Hemp Revenue by Company (2020-2025)
- 2.3 Global Hemp Players Sales Volume Ranking (2024)
- 2.4 Global Hemp Sales Volume by Company Players (2020-2025)
- 2.5 Global Hemp Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Hemp Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Hemp Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Hemp
- 2.9 Hemp Market Competitive Analysis
- 2.9.1 Hemp Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Hemp Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hemp as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Hemp Seeds
- 3.1.2 Hemp Oil
- 3.1.3 Hemp Protein
- 3.1.4 Others
- 3.2 Global Hemp Sales Value by Type
- 3.2.1 Global Hemp Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Hemp Sales Value, by Type (2020-2031)
- 3.2.3 Global Hemp Sales Value, by Type (%) (2020-2031)
- 3.3 Global Hemp Sales Volume by Type
- 3.3.1 Global Hemp Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Hemp Sales Volume, by Type (2020-2031)
- 3.3.3 Global Hemp Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Hemp Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Supermarkets
- 4.1.2 Convenience Stores
- 4.1.3 Others
- 4.2 Global Hemp Sales Value by Application
- 4.2.1 Global Hemp Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Hemp Sales Value, by Application (2020-2031)
- 4.2.3 Global Hemp Sales Value, by Application (%) (2020-2031)
- 4.3 Global Hemp Sales Volume by Application
- 4.3.1 Global Hemp Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Hemp Sales Volume, by Application (2020-2031)
- 4.3.3 Global Hemp Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Hemp Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Hemp Sales Value by Region
- 5.1.1 Global Hemp Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Hemp Sales Value by Region (2020-2025)
- 5.1.3 Global Hemp Sales Value by Region (2026-2031)
- 5.1.4 Global Hemp Sales Value by Region (%), (2020-2031)
- 5.2 Global Hemp Sales Volume by Region
- 5.2.1 Global Hemp Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Hemp Sales Volume by Region (2020-2025)
- 5.2.3 Global Hemp Sales Volume by Region (2026-2031)
- 5.2.4 Global Hemp Sales Volume by Region (%), (2020-2031)
- 5.3 Global Hemp Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Hemp Sales Value, 2020-2031
- 5.4.2 North America Hemp Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Hemp Sales Value, 2020-2031
- 5.5.2 Europe Hemp Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Hemp Sales Value, 2020-2031
- 5.6.2 Asia Pacific Hemp Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Hemp Sales Value, 2020-2031
- 5.7.2 South America Hemp Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Hemp Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Hemp Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Hemp Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Hemp Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Hemp Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Hemp Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Hemp Sales Value, 2020-2031
- 6.3.2 United States Hemp Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Hemp Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Hemp Sales Value, 2020-2031
- 6.4.2 Europe Hemp Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Hemp Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Hemp Sales Value, 2020-2031
- 6.5.2 China Hemp Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Hemp Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Hemp Sales Value, 2020-2031
- 6.6.2 Japan Hemp Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Hemp Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Hemp Sales Value, 2020-2031
- 6.7.2 South Korea Hemp Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Hemp Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Hemp Sales Value, 2020-2031
- 6.8.2 Southeast Asia Hemp Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Hemp Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Hemp Sales Value, 2020-2031
- 6.9.2 India Hemp Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Hemp Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Manitoba Harvest
- 7.1.1 Manitoba Harvest Company Information
- 7.1.2 Manitoba Harvest Introduction and Business Overview
- 7.1.3 Manitoba Harvest Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Manitoba Harvest Hemp Product Offerings
- 7.1.5 Manitoba Harvest Recent Development
- 7.2 CW Hemp/CW Botanicals
- 7.2.1 CW Hemp/CW Botanicals Company Information
- 7.2.2 CW Hemp/CW Botanicals Introduction and Business Overview
- 7.2.3 CW Hemp/CW Botanicals Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 CW Hemp/CW Botanicals Hemp Product Offerings
- 7.2.5 CW Hemp/CW Botanicals Recent Development
- 7.3 Charlotte's Web Holdings
- 7.3.1 Charlotte's Web Holdings Company Information
- 7.3.2 Charlotte's Web Holdings Introduction and Business Overview
- 7.3.3 Charlotte's Web Holdings Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Charlotte's Web Holdings Hemp Product Offerings
- 7.3.5 Charlotte's Web Holdings Recent Development
- 7.4 Canopy Growth Corporation
- 7.4.1 Canopy Growth Corporation Company Information
- 7.4.2 Canopy Growth Corporation Introduction and Business Overview
- 7.4.3 Canopy Growth Corporation Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Canopy Growth Corporation Hemp Product Offerings
- 7.4.5 Canopy Growth Corporation Recent Development
- 7.5 Nutiva
- 7.5.1 Nutiva Company Information
- 7.5.2 Nutiva Introduction and Business Overview
- 7.5.3 Nutiva Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Nutiva Hemp Product Offerings
- 7.5.5 Nutiva Recent Development
- 7.6 Aurora Cannabis
- 7.6.1 Aurora Cannabis Company Information
- 7.6.2 Aurora Cannabis Introduction and Business Overview
- 7.6.3 Aurora Cannabis Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Aurora Cannabis Hemp Product Offerings
- 7.6.5 Aurora Cannabis Recent Development
- 7.7 CV Sciences
- 7.7.1 CV Sciences Company Information
- 7.7.2 CV Sciences Introduction and Business Overview
- 7.7.3 CV Sciences Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 CV Sciences Hemp Product Offerings
- 7.7.5 CV Sciences Recent Development
- 7.8 Isodiol
- 7.8.1 Isodiol Company Information
- 7.8.2 Isodiol Introduction and Business Overview
- 7.8.3 Isodiol Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Isodiol Hemp Product Offerings
- 7.8.5 Isodiol Recent Development
- 7.9 ENDOCA
- 7.9.1 ENDOCA Company Information
- 7.9.2 ENDOCA Introduction and Business Overview
- 7.9.3 ENDOCA Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 ENDOCA Hemp Product Offerings
- 7.9.5 ENDOCA Recent Development
- 7.10 Shanghai Green Vaper Technology
- 7.10.1 Shanghai Green Vaper Technology Company Information
- 7.10.2 Shanghai Green Vaper Technology Introduction and Business Overview
- 7.10.3 Shanghai Green Vaper Technology Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Shanghai Green Vaper Technology Hemp Product Offerings
- 7.10.5 Shanghai Green Vaper Technology Recent Development
- 7.11 North American Hemp & Grain Co
- 7.11.1 North American Hemp & Grain Co Company Information
- 7.11.2 North American Hemp & Grain Co Introduction and Business Overview
- 7.11.3 North American Hemp & Grain Co Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 North American Hemp & Grain Co Hemp Product Offerings
- 7.11.5 North American Hemp & Grain Co Recent Development
- 7.12 cbdMD
- 7.12.1 cbdMD Company Information
- 7.12.2 cbdMD Introduction and Business Overview
- 7.12.3 cbdMD Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 cbdMD Hemp Product Offerings
- 7.12.5 cbdMD Recent Development
- 7.13 GFR Ingredients Inc
- 7.13.1 GFR Ingredients Inc Company Information
- 7.13.2 GFR Ingredients Inc Introduction and Business Overview
- 7.13.3 GFR Ingredients Inc Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 GFR Ingredients Inc Hemp Product Offerings
- 7.13.5 GFR Ingredients Inc Recent Development
- 7.14 Suyash Herbs
- 7.14.1 Suyash Herbs Company Information
- 7.14.2 Suyash Herbs Introduction and Business Overview
- 7.14.3 Suyash Herbs Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Suyash Herbs Hemp Product Offerings
- 7.14.5 Suyash Herbs Recent Development
- 7.15 Yishutang
- 7.15.1 Yishutang Company Information
- 7.15.2 Yishutang Introduction and Business Overview
- 7.15.3 Yishutang Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Yishutang Hemp Product Offerings
- 7.15.5 Yishutang Recent Development
- 7.16 Naturally Splendid
- 7.16.1 Naturally Splendid Company Information
- 7.16.2 Naturally Splendid Introduction and Business Overview
- 7.16.3 Naturally Splendid Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Naturally Splendid Hemp Product Offerings
- 7.16.5 Naturally Splendid Recent Development
- 7.17 BAFA neu GmbH
- 7.17.1 BAFA neu GmbH Company Information
- 7.17.2 BAFA neu GmbH Introduction and Business Overview
- 7.17.3 BAFA neu GmbH Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.17.4 BAFA neu GmbH Hemp Product Offerings
- 7.17.5 BAFA neu GmbH Recent Development
- 7.18 Aos Products
- 7.18.1 Aos Products Company Information
- 7.18.2 Aos Products Introduction and Business Overview
- 7.18.3 Aos Products Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.18.4 Aos Products Hemp Product Offerings
- 7.18.5 Aos Products Recent Development
- 7.19 HempFlax
- 7.19.1 HempFlax Company Information
- 7.19.2 HempFlax Introduction and Business Overview
- 7.19.3 HempFlax Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.19.4 HempFlax Hemp Product Offerings
- 7.19.5 HempFlax Recent Development
- 7.20 Manitoba Harvest
- 7.20.1 Manitoba Harvest Company Information
- 7.20.2 Manitoba Harvest Introduction and Business Overview
- 7.20.3 Manitoba Harvest Hemp Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.20.4 Manitoba Harvest Hemp Product Offerings
- 7.20.5 Manitoba Harvest Recent Development
8 Industry Chain Analysis
- 8.1 Hemp Industrial Chain
- 8.2 Hemp Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Hemp Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Hemp Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer