Market Overview:
The global hempseed oil market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hempseed oil from various applications such as food, cosmetics, pharmaceuticals, and others. Hempseed oil is also used as a feedstock for biodiesel production. Additionally, the growing awareness about the benefits of using hempseed oil is expected to fuel the growth of this market during the forecast period.
Product Definition:
Hempseed oil is an oil that is extracted from the hemp plant. Hempseed oil has a number of uses, including as a cooking oil, as a carrier oil for essential oils, and as a moisturizer. Hempseed oil is also high in omega-3 fatty acids, which are beneficial for skin health.
Food Grade:
Food grade is the edible portion of a seed, especially one that is intended for human consumption. Food grade includes seeds such as soybean, cottonseed, canola oil and sunflower. Hempseed oil contains high amount of essential fatty acids which are required to be consumed through food as it may cause harmful effects if taken in supplement form.
Hempseed oil has become increasingly popular among fitness enthusiasts and athletes owing to its ability to reduce inflammation and improve overall health.
Pharmaceutical Grade:
Pharmaceutical grade is the highest quality heme-iron available in the market. It has been refined to remove other impurities that are found in nature. Pharmaceutical grade heme-iron is used for human consumption and finds its application in hemoglobin production, which gives blood its red color.
It also helps with oxygen transport to tissues and organs when it is present in adequate amount inside cells of humans and other animals.
Application Insights:
The food application segment accounted for more than 70.0% share of the global revenue in 2017. Hempseed oil is employed in a wide range of foods, such as salad dressings, sauces, bakery products, cereals and granola bars. The growing demand for healthy food products with natural ingredients is expected to be a key factor driving the segment growth over the forecast period.
Hempseed oil has high nutritional value and contains essential fatty acids (Omega 3 & 6), proteins, carbohydrates and several other compounds that are beneficial to health. Thus rising consumer awareness regarding benefits associated with hempseed oil is expected to drive its demand over the forecast period (2018-2030).
Cosmetic manufacturers are increasingly incorporating this ingredient into their product formulations due to its skin nourishing properties that help improve skin elasticity and minimize wrinkles caused by aging or stress exposure on facial muscles.
Regional Analysis:
Asia Pacific was the largest market in 2017 and accounted for a share of more than 35.0% owing to high product demand from various end-use industries, such as food & beverage, cosmetics, pharmaceuticals and other. China is one of the major producers and exporters of hempseed oil in this region. The country exports around 90% of its production to various countries including Japan, India, South Korea, Taiwan among others.
North America emerged as the second fastest growing regional market with a CAGR exceeding 5.0%. Growing health awareness coupled with increasing consumer preference for natural ingredients driven by changing lifestyles will drive product demand over the forecast period. Furthermore rising consumption levels coupled with legalization across U S will further boost industry growth over next eight years  hence forth.
Growth Factors:
- Increasing demand for hempseed oil in the food and beverage industry as a healthier alternative to other oils.
- Growing popularity of CBD oil products, which are made from hempseed oil, due to their health benefits.
- Hemp is being used more and more in sustainable farming practices, which is driving up demand for hempseed oil.
- The increasing legalization of cannabis around the world has led to an increase in demand for hempseed oil products.
- Hempseed oil has a high concentration of omega-3 fatty acids, making it a popular choice for use in skin care products
Scope Of The Report
Report Attributes
Report Details
Report Title
Hempseed Oil Market Research Report
By Type
Food Grade, Pharmaceutical Grade
By Application
Food, Cosmetic, Pharmaceutical, Other
By Companies
ENDOCA, BAFA Gmbh, Protect Pharma Rakitovica, Biobloom Hemp, Deep Nature Project, Harmony, DragonflyCBD, MH medical hemp GmbH, Celtic Wind, HemPoland, Opencrop GmbH, Gaia Botanicals, Isodiol, Medical Marijuana, Canopy Growth, IRIE CBD, Elixinol, NuLeaf Naturals, PharmaHemp, Folium Biosciences
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Hempseed Oil Market Report Segments:
The global Hempseed Oil market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Cosmetic, Pharmaceutical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ENDOCA
- BAFA Gmbh
- Protect Pharma Rakitovica
- Biobloom Hemp
- Deep Nature Project
- Harmony
- DragonflyCBD
- MH medical hemp GmbH
- Celtic Wind
- HemPoland
- Opencrop GmbH
- Gaia Botanicals
- Isodiol
- Medical Marijuana
- Canopy Growth
- IRIE CBD
- Elixinol
- NuLeaf Naturals
- PharmaHemp
- Folium Biosciences
Highlights of The Hempseed Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- By Application:
- Food
- Cosmetic
- Pharmaceutical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hempseed Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hempseed oil is a type of oil extracted from the seeds of the hemp plant. Hempseed oil is high in essential fatty acids, including omega-3 and omega-6 fatty acids, which are beneficial for your health.
Some of the major players in the hempseed oil market are ENDOCA, BAFA Gmbh, Protect Pharma Rakitovica, Biobloom Hemp, Deep Nature Project, Harmony, DragonflyCBD, MH medical hemp GmbH, Celtic Wind, HemPoland, Opencrop GmbH, Gaia Botanicals, Isodiol, Medical Marijuana, Canopy Growth, IRIE CBD, Elixinol, NuLeaf Naturals, PharmaHemp, Folium Biosciences.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hempseed Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hempseed Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hempseed Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hempseed Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hempseed Oil Market Size & Forecast, 2020-2028
4.5.1 Hempseed Oil Market Size and Y-o-Y Growth
4.5.2 Hempseed Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Cosmetic
6.2.3 Pharmaceutical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hempseed Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hempseed Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Cosmetic
9.10.3 Pharmaceutical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Cosmetic
10.10.3 Pharmaceutical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Cosmetic
11.10.3 Pharmaceutical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Cosmetic
12.10.3 Pharmaceutical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Cosmetic
13.10.3 Pharmaceutical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hempseed Oil Market: Competitive Dashboard
14.2 Global Hempseed Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ENDOCA
14.3.2 BAFA Gmbh
14.3.3 Protect Pharma Rakitovica
14.3.4 Biobloom Hemp
14.3.5 Deep Nature Project
14.3.6 Harmony
14.3.7 DragonflyCBD
14.3.8 MH medical hemp GmbH
14.3.9 Celtic Wind
14.3.10 HemPoland
14.3.11 Opencrop GmbH
14.3.12 Gaia Botanicals
14.3.13 Isodiol
14.3.14 Medical Marijuana
14.3.15 Canopy Growth
14.3.16 IRIE CBD
14.3.17 Elixinol
14.3.18 NuLeaf Naturals
14.3.19 PharmaHemp
14.3.20 Folium Biosciences
