Hemp Seeds Market | Opportunity Analysis, 2016?2021 | Market Data Forecast

Posted by rohan on May 7th, 2018

Hemp or generally called Industrial hemp is native to the northern hemisphere and it is a variety of the Cannabis sativa plant species which is specifically grown for the industrial uses of its products. It is one of the fastest growing plants and spun into usable fibre very quickly. It is industrially refined into textiles, paper, biodegradable plastics, clothing, biofuel, paint, food and animal feed. It contains a small amount of naturally occurring tetrahydrocannabinoids (THC) with unique phytochemical compositions and uses.

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Hemp seed is the most nutritious seed in the world and it is a huge source of protein and minerals. It has the most concentrated balance of proteins, essential fats, vitamins and enzymes combined with a relative absence of sugar, starches and saturated fats. Hemp oil is used in body care products, cleaning products, health foods, textiles and plastics. In medical use, it is used in treatment of hormone problems, cancer, arthritis and joint pains, weight loss, digestive and heart disorders. Some countries have stringent regulations for the concentration of THC and permit only hemp that is bred with an especially low THC content.

Factors driving for the growth of Global Hemp Seeds Market are growing health awareness, many health advantages and benefits of hemp seeds, it is used to reduce toxic substances and heals immune deficiency diseases, rich source of vitamins and nutrients, increase in disposable income, rise in population, growth in textile and fibre industry, product innovations and technology advancements. However, lack of awareness, limited number of skilled professionals and stringent regulations for the product use are hampering the growth of the market.

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The Global Hemp Seeds Market can be segmented on the basis of form, application, distribution channel and region. On the basis of form, the market is segmented into whole hemp seed, shelled hemp seed, hemp seed protein and hemp seed oil. Based on the application, the market is segmented into tea and hemp juice, food containing hemp milk, hemp fibre, hemp sacks, biofuel, canvas, paper, ropes and others. Depending on the distribution channels, the market is segmented into retailers, online, convenience stores and others. The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In most of the countries, it was made illegal to grow without government permission because of its relation to marijuana. Asia-Pacific has the largest revenue due to the rising population, increase in disposable income and emerging population like India and China. It is followed by the Europe countries and North America owing to the largest producer and presence of leading companies in this area.

Key companies dominating in the Global Hemp Seeds Market are Navitas Naturals, North American Hemp and Grain co., Harvest Hemp Foods, Hemp Oil Canada, Green source organics, CHII Naturally Pure Hemp, Kenny delights, Manitoba and GFR Ingredients Inc.

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