Shift towards the rising of anti-aging products is expected to drive market expansion shortly at a CAGR of 15.00% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Hemp Seed Oil Market” that contains information from 2019 to 2032. The Hemp Seed Oil Market is estimated to register a CAGR of 15.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Hemp Seed Oil Market— Nutiva Inc., Connoills LLC, Manitoba Harvest, Sky Organics, Velona, NP Nutra, Z-COMPANY, Live Verdure Ltd. - 13 Seeds, Bombay Hemp Company, and Bioriginal Food & Science Corp.

Hemp Seed Oil Market Highlights

The global Hemp Seed Oil Market is accounted to register a CAGR of 15.00% during the forecast period and is estimated to reach USD 0.32 billion by 2032.

The hemp seeds oil market is steadily growing, propelled by rising product demand across various industries and an increasing awareness of the health benefits linked to hemp seeds.

Segment Analysis

Based on Nature, the market is segmented into Organic and Conventional. The Organic segment was attributed to holding the largest market share in 2023. The increasing consumer preference for clean-label or organic products worldwide, including those derived from hemp, is driving growth in this segment over the forecast period. Products cultivated and manufactured using organic practices offer superior quality, sustainability, and cleanliness. As a result, the production of organic products is on the rise to meet consumer demand, thereby fueling growth in this segment during the forecast period.

Based on the type, the Hemp Seed Oil Market has been segmented into Cold-pressed and Refined. The Cold-pressed segment was expected to hold the largest market share in 2022. Cold-pressed oils are renowned for their high nutritional value, containing healthy fatty acids such as omega-6 and omega-3, as well as vitamins, zinc, and other nutrients. This nutritional richness has led to increased consumption among consumers, consequently driving the segment's higher share and faster growth in the upcoming years. Furthermore, the cold-pressed method preserves the nutritional properties and aroma of the oil, further boosting its consumption and market share.

Based on the distribution channel, the Hemp Seed Oil Market has been segmented into B2B and B2C. The B2B distribution channels are becoming more expansive in order to cover a wider range of hemp seed oil goods. These products go beyond regular hemp seed oil and comprise derivatives such as oils infused with CBD, hemp seed protein powders, and hemp-based cosmetics. Businesses may now better cater to the varied demands and tastes of different market groups thanks to this development of product diversity.

Regional Analysis

The global Hemp Seed Oil Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Hemp Seed Oil Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Hemp Seed Oil Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Hemp Seed Oil Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Hemp Seed Oil Market was maintained by the North American regional sector. The region's significant market share is being driven by the legalization of hemp seed oil and favorable regional regulations. This has led to a rise in its usage among health-conscious individuals, fueling regional growth. Additionally, the prevalence of mental illness within the population is further boosting the demand for hemp seed oil. According to a study by the National Institute of Mental Health (NIMH) published in 2020, approximately 52.9 million adults aged 18 and above in the U.S. suffer from some form of mental illness. Moreover, over 10% of youth in the country are grappling with depression, significantly affecting their daily functioning in various aspects of life, including school, work, family, and social interactions. Within the age group of 12-17, 16.39% report experiencing at least one major depressive episode in 2022, while 11.5% are facing severe major depression, totaling over 2.7 million youths.

Moreover, the Europe market has been persistently growing over the forecast period. Consumers are increasingly recognizing the nutritional benefits of organic hemp seed products, leading to their widespread integration into daily diets. Over recent years, there has been a significant rise in the area dedicated to hemp cultivation in the EU, growing from 20,540 hectares (ha) in 2015 to 33,020 ha in 2022, marking a 60% increase. Concurrently, hemp production has surged from 97,130 tonnes to 179,020 tonnes during the same period, representing an 84.3% increase. France stands as the largest producer, contributing to over 60% of EU production, trailed by Germany (17%) and The Netherlands (5%). Moreover, the growing health consciousness, particularly among the younger demographic, has spurred heightened consumption of organic hemp seed products, thereby driving regional market expansion.

The Asia Pacific hemp seeds market is being propelled by the forces of urbanization and industrialization as an increasing population opts for healthier dietary choices. With dietary preferences shifting towards plant-based and natural foods, hemp seeds have emerged as a valuable source of protein and essential nutrients. As per Assocham, India's plant-based sector is poised for significant growth by 2030, with the plant-based meat market estimated to range from $283 million to $880 million and the plant-based milk market from $59 million to $244 million. A recent GFI survey indicates that 77% of Indian consumers are willing to explore plant-based meat products, particularly among early adopters. The thriving food and beverage industry in the region is incorporating hemp seeds into a diverse range of products to cater to consumer demand. Moreover, there's a notable uptick in hemp cultivation across the region, with governments in countries like China and India recognizing the economic potential of this versatile crop.

Furthermore, the rest of the world's Hemp Seed Oil Market is divided into the Middle East, Africa, and Latin America. The growing healthcare industry, coupled with technological advancements in hemp seed oil-based medications for healthcare treatments, serves as the primary driving force behind the regional market's growth during the forecast period. Additionally, the legalization of hemp production for medicinal purposes in several African nations such as Ethiopia, Ghana, Morocco, South Africa, and Zimbabwe, among others, is expected to further bolster market expansion in the upcoming years.

Key Findings of the Study

• The global Hemp Seed Oil Market is expected to reach USD 0.32 billion by 2032, at a CAGR of 15.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. Due to dietary preferences shifting towards plant-based and natural foods, hemp seeds have emerged as a valuable source of protein and essential nutrients.


• Based on nature, the organic segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%.


• Nutiva Inc., Connoills LLC, Manitoba Harvest, Sky Organics, Velona, NP Nutra, Z-COMPANY, Live Verdure Ltd. - 13 Seeds, Bombay Hemp Company, and Bioriginal Food & Science Corp are the key market players.