Industrial Hemp Market Size Expected to Expand at 17.02 % CAGR Through 2031 | Rising Demand Across Wellness, Food, and Industrial Applications

Introduction: Industrial Hemp Market Growth Outlook 

The global Industrial Hemp Market is projected to witness significant growth over the forecast period, with the market expected to expand from USD 3.57 billion in 2026 to USD 7.83 billion by 2031. This growth represents a CAGR of 17.02%, reflecting robust adoption across diverse sectors, including food and beverages, healthcare supplements, textiles, animal feed, and sustainable construction. Enabling regulations, such as the 2018 U.S.  

Rising interest in cannabidiol (CBD) products, hemp protein, hempseed oil, and hempcrete is reinforcing the Industrial Hemp Market Trends, while mechanized farming and process optimization are improving cost efficiency and product quality. 

Emerging Trends Shaping the Industrial Hemp Market 

Regulatory Expansion and Legal Clarity 

Global regulatory developments are shaping the Industrial Hemp Market Growth. Policies such as Germany’s Medical Cannabis Act and the U.S. 2018 Farm Bill provide clear frameworks for cultivation, processing, and distribution. Japan and France are also implementing structured licensing and THC limits, enabling companies to invest with confidence. These regulatory measures are driving broader adoption and increasing market stability. 

Rising Demand for Plant-Based Foods and Beverages 

Consumer preference for plant-based nutrition is expanding the Industrial Hemp Market Share in food and beverage applications. Hemp seeds and hempseed oil are increasingly used in protein drinks, dairy alternatives, and fortified snacks. Nutritional benefits, including complete amino acids and a favorable omega-6 to omega-3 ratio, position hemp as a sought-after ingredient in plant-based diets. 

CBD Adoption in Wellness and OTC Products 

The growing interest in cannabidiol (CBD) continues to fuel Industrial Hemp Market Trends in the wellness sector. Health-conscious consumers are integrating CBD supplements for stress relief, sleep, and recovery. Enhanced quality standards, ISO-accredited testing, and mainstream retail availability reinforce consumer trust and encourage premium pricing. 

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Industrial Hemp Market Segmentation Analysis 

By Type 

• Hemp Seed 
• Hemp Seed Oil 
• Cannabidiol (CBD) Hemp Oil 
• Hemp Protein 
• Hemp Extract (without CBD) 

By Application 

• Food & Beverages 
• Healthcare Supplements 
• Other Applications: 
• Personal Care 
• Textile 
• Construction 
• Animal Feed 
• Other Industrial Uses 

By Geography 

Asia-Pacific 

• China 
• India 
• Japan 
• South Korea 
• Thailand 
• Indonesia 
• Vietnam 
• Malaysia 
• Rest of Asia-Pacific 

North America 

• United States 
• Canada 
• Mexico 

Europe 

• Germany 
• United Kingdom 
• France 
• Italy 
• Spain 
• Nordic Countries 
• Turkey 
• Russia 
• Rest of Europe 

South America 

• Brazil 
• Argentina 
• Colombia 
• Rest of South America 

Middle East & Africa 

• Saudi Arabia 
• United Arab Emirates 
• Qatar 
• Egypt 
• Nigeria 
• South Africa 
• Rest of Middle East & Africa 

Industrial Hemp Companies 

HempFlax Group BV: Focused on fiber and biocomposite products, maintaining strong European presence. 

Charlotte’s Web, Inc.: Clinically backed CBD formulations, known for premium wellness products. 

Manitoba Harvest Hemp Foods: Specializes in hemp-based food products, particularly protein and snacks. 

Ecofibre: Integrated solutions across fiber, food, and wellness categories. 

Canopy Growth Corporation: Combines federal compliance with e-commerce offerings in hemp-derived THC and CBD. 

Explore more insights on Industrial Hemp competitive landscape: https://www.mordorintelligence.com/industry-reports/industrial-hemp-market/companies?utm_source=industrytoday  

Conclusion 

The Industrial Hemp Market continues to grow strongly, fueled by rising demand in nutrition, wellness, and sustainable materials. Clear regulations in major markets, combined with shifting consumer preferences toward plant-based and eco-friendly products, are supporting expansion across regions and applications. 

With CBD and hemp-based products gaining mainstream acceptance and construction and industrial sectors adopting hemp for its environmental benefits, the Industrial Hemp Market Size is expected to maintain double-digit growth. While supply chain fragmentation and quality variability remain challenges, mechanization, seed certification, and vertical integration are helping stabilize the market, positioning the Industrial Hemp Industry for sustainable growth and new business opportunities. 

For more insights on Industrial Hemp Market, please visit the Mordor Intelligence Page:  https://www.mordorintelligence.com/industry-reports/industrial-hemp-market?utm_source=industrytoday 

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