The Market Reports

Synopsis
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
United States
Canada
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.

Index