Let’s take a look at the perceived hemp seed industry growth:
Promising, right? The scenario isn’t much different in the Asia Pacific region.
Thus, it’s clear the hemp market forecast appears promising and has potential.
However, the market has witnessed stunted growth worldwide in recent times; thanks to the economic recession caused by the Covid-19 pandemic.
However, the global economy is recovering at a high rate. Thus, the hemp seed market is expected to grow at a faster rate than before as well.
You might have questions at this point:
- What’s the demand for hemp products?
- What’s the future of the market according to data?
- What are the advantages and disadvantages the industry has?
This article will offer all the answers. In the next seven minutes, the article will offer a complete hemp seed industry overview. The comprehensive guide will discuss:
- A broad overview of the hemp seed industry
- The different segments of the hemp seed market
- The usage and benefits of the hemp seeds
- The drivers of the hemp seed market
- The restraints the hemp seed market is going to face
- The regions with significant hemp seed market size
Note: the information is true at the time of writing. That’s October 2022.
Hemp seed industry overview
The hemp seed industry is expected to witness the fastest CAGR from 2022 to 2030. The percentage? Over 20%.
Hemp seeds have minimal amounts of the psychoactive compound THC that’s found in high concentrations in Marijuana. Add to it the fact that THC is the compound that’s responsible for creating the high and you’ll know why hemp seeds aren’t harmful.
Hemp seeds are becoming popular each day in the:
- Food and beverage
- Personal care
Hemp seed is a common ingredient in making:
- Bath gels
- And many other products
Here are 4 ways you can use hemp seeds:
- Eat raw, cooked, or roasted
- Use for non-dairy hemp cheese and hemp milk
- Shelled as hemp hearts
- Cold-pressed to produce hemp seed oil
Furthermore, three tablespoons (a 30-gram serving) of raw hemp seed contains:
- 166 calories
- 14.6 grams of fat
- 9.47 grams of protein
- 1.2 grams of fibre
- 2.6 grams of carbohydrate
- 0.45 grams of sugar
Hemp seeds are also an excellent source of:
- Vitamin E
- Omega-3 fatty acids
- Omega-6 fatty acids
Hemp seed market segments
The ‘product’ segment divides the market into:
Hemp seeds and oilcake are popular alternatives to feed and food proteins in the food and beverage industry.
Furthermore, businesses use oil extracted from shredded seeds to make:
- Shower gel
Hemp seed oil is a popular ingredient in pharmaceutical products; thanks to the seed’s medicinal properties.
The ‘application’ segment divides the hemp seed market into:
- Food and beverages
- Nutritional supplements
- Personal care products
Hemp seeds can be eaten topped with yoghurt smoothies, and cereals or raw. Both hemp seeds and hemp seed oil are popular choices among health-conscious individuals as they’re rich in:
- Omega-3 fatty acid
The sector is expected to see the highest CAGR during 2020-2030.
The ‘form’ segment refers to selling the hemp seed in the following forms:
- Whole hemp seed
- Hemp seed oil
- Hemp seed powder
- Hulled hemp seed
The ‘packaging’ segment refers to packing the hemp seed in:
By distribution channel
The ‘distribution channel’ segment includes selling hemp seeds through:
- Online stores
- Hypermarkets and supermarkets
- Speciality stores
- Convenience store
Advantages and disadvantages of hemp seeds
Protects heart health
Hemp seeds are a rich source of magnesium. Magnesium prevents coronary heart disease and regulates our heartbeat.
Hemp seeds come with linoleic acid. The component reduces blood pressure and lowers cholesterol levels by up to 15%.
Hemp seeds offer all 20 essential amino acids including the 9 essential amino acids that the human body can’t produce. Hemp seeds boost immunity and reduce the amount of toxic substances in our bodies.
Hemp seeds are one of the few sources of rich plant-based protein. Furthermore, the human body can absorb the protein content from hemp seeds without much hassle. Thus, hemp seeds are an excellent protein source for anyone who’s a vegetarian or vegan.
Improves brain health
Hemp seeds come with omega-6 and omega-3 fatty acids. Furthermore, the ratio of omega-6 to omega-3 fatty acids in hemp seeds is the optimal level for nutritional benefits.
The optimal ratio helps in improving cognitive health. The benefit becomes especially beneficial as the optimal ratio of these fatty acids lacks in most diets.
Furthermore, hemp seeds come with a plant compound called terpenes as well. The component prevents tumour growth and helps protect the brain.
Prevents skin diseases
Hemp seed oil improves dry and itchy skin and relieves the symptoms of eczema. Furthermore, hemp seed oil helps treat acne as well; thanks to hemp seed oil’s anti-inflammatory and antimicrobial properties.
You can apply hemp seed oil topically to the skin or use the oil in cooking to add nutritional benefits to your meal.
One of the omega-6 fatty acids found in hemp seeds is gamma-linoleic acid (GLA). The fatty acid comes with anti-inflammatory properties and works similar to drugs such as ibuprofen.
A study confirmed participants experienced a 75% reduction in their arthritis-associated pain after 9 months of GLA supplementation.
Hemp seeds can interact with specific medications such as anticoagulants.
Furthermore, hemp seeds reduce blood clotting as well. Thus, if you’re on blood-thinner prescriptions, you’d do better to steer clear of hemp seeds or consume them only after consulting your doctor.
Hemp seeds contain high levels of fat and fibre. Thus, excessive consumption of hemp seeds can cause digestive problems such as:
Drink plenty of water when you eat hemp seeds to avoid such digestive issues.
Drivers of the hemp seed market
Check out the health benefits hemp seeds offer:
- Hemp seeds contain all 20 amino acids including the 9 essential amino acids our body can’t produce.
- Hemp seeds contain high concentrations of linolenic two vital nutrients (Omega-3) and linoleic (Omega-6). The two fatty acids play essential roles in normal growth and development and brain function.
- Hemp seeds contain vitamin B1, vitamin B2, vitaminB6, calcium, and magnesium. The nutrients strengthen the bones, inhibits bone breakdown, strengthen immunity, and elevate mood.
Offers supplementary nutrients
Here’s how hemp seed offers supplementary nutrients:
- Hemp seeds contain high amounts of protein. The seeds increase immunity and decrease the amount of toxic substances in the body. Only a small number of plant-based food are good sources of protein. Thus, hemp seeds are especially beneficial to anyone who’s a vegetarian or vegan.
- Hemp seeds are one of the highest sources of fatty acids.
- Hemp seeds are easily digestible and help in blood flow, tissue and cell regeneration, and produce nutrients that protect the mitochondria.
Restraints faced by the hemp seed industry
Many governments have strict rules and regulations regarding the production and selling of hemp seeds; thanks to their relation to cannabis plants.
Furthermore, the regulations on two components present in hemp seeds – tetrahydrocannabinol (THC) and cannabidiol (CBD – are highly variable in different states and countries, giving rise to trading issues and confusion.
Furthermore, the cost to hire labourers is quite expensive. Add to it the fact that you need labourers in multiple stages of hemp production including:
- In-season maintenance such as pruning and weeding
and you’ll know how much of a hurdle the situation poses.
Furthermore, hemp producers have few tried and tested ways to control pests, pathogens, and weeds.
Regions with significant hemp seed market size
Check out the regions where the hemp seed market is growing at a significant rate:
- North America: The United States and Canada
- Europe: United Kingdom, Germany, Italy, France, Russia, Netherlands, Belgium, Poland and Spain
- The Asia Pacific: India, China, Japan, Australia, Indonesia, New Zealand, South Korea, and the rest of APAC
- The Middle East and Africa: Saudi Arabia, Turkey, Israel, South Africa, and the rest of MENA
- Latin America: Brazil, Mexico, and Argentina
Consumers are preferring innovative and healthy food products more and more each passing day. That’s the principal market trend that’s driving the growth of the hemp seed market.
The hemp seed market size is only going to grow in the coming years.
Now that you have a clear idea of the hemp seed industry overview, the information will help you make the most out of it.