Hemps Seed Oil Market Overviews
The Hemps Seed Oil Market size was valued at USD 92.45 Mn. in 2023 and the total Global Hemps seed oil revenue is expected to grow at a CAGR of 11.55% from 2024 to 2030, reaching nearly USD 198.67 Mn. by 2030.
Hemp seed oil is abundant in essential omega-3 fatty acids, vitamins, terpenes, chlorophyll, antioxidants, amino acids, and nutraceuticals. These elements enhance its nutritional value and potential health benefits, contributing to its growing popularity. The Hemp Seed Oil Market is witnessing substantial growth, driven by increasing consumer awareness of health and the nutritional advantages of hemp seed oil. Derived from hemp seeds, this oil features a nutty flavor and ranges in color from dark to vibrant green. Its therapeutic properties are gaining recognition, making it a favored choice among health-conscious individuals.
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Hemps Seed Oil Market Scope and Methodology:
The growing demand for anti-aging products is driving significant growth in the Hemp Seed Oil Market worldwide. Hemp seed oil is increasingly used in personal care and cosmetic products because of its nourishing and regenerative qualities. It is commonly incorporated into skin moisturizers and anti-aging creams, where it effectively helps diminish fine lines and wrinkles, making it a sought-after ingredient in anti-aging formulations.
Hemps Seed Oil Market Regional Insights
In 2023, North America asserted its dominance as the leading player in the global Hemps Seed Oil Market. Several factors have propelled the region’s prominence in this market segment. Increasingly, North America is embracing hemp as a versatile crop, driven by a growing demand for plant-based and sustainable products. The legalization of hemp cultivation, coupled with a heightened awareness of its nutritional benefits, has significantly fuelled the popularity of hemp seeds across the region. With a strong focus on health and wellness, consumers in North America are turning to hemp seeds for their rich protein content, essential fatty acids, and other valuable nutrients. The region benefits from a favorable regulatory environment and robust distribution networks, further bolstering market growth projections for North America in the Hemps Seed Oil Market.
Hemps Seed OilMarket Segmentation
In terms of distribution channels, the B2C category holds a significant position in the Hemp Seed Oil Market, representing over 54% of the market share in 2023. Forecasts for 2024 to 2030 suggest that this segment will maintain its dominance, with an anticipated growth rate of 12.25% CAGR. This robust growth can be attributed to several key factors. Notably, there has been a marked increase in consumer interest in sustainable and clean beauty products. As awareness of the environmental impact of conventional beauty products rises, consumers are increasingly leaning towards items that promote personal health while being eco-friendly. This shift in consumer preferences has played a vital role in establishing these products as essential beauty staples, further driving demand within the B2C segment.
Hemps Seed Oil Market Key Players
Hemp Oil Canada – Canada
Canopy Growth Corporation – Canada
Isodiol International Inc. – Canada
Elixinol Global Limited – Australia
CV Sciences Inc. – USA
Nutiva Inc. – USA
Hempco Food and Fiber Inc. – Canada
Green Roads of Florida LLC – USA
Folium Biosciences LLC – USA
Kazmira LLC – USA
PharmaHemp d.o.o. – Slovenia
Aphria Inc. – Canada
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Key questions answered in the Hemps Seed Oil Market are:
- What is Hemps Seed Oil ?
- What was the Hemps Seed Oil market size in 2023?
- What is the growth rate of the Hemps Seed Oil Market?
- Which are the factors expected to drive the Hemps Seed Oil market growth?
- What are the different segments of the Hemps Seed Oil Market?
- What growth strategies are the players considering to increase their presence in Hemps Seed Oil ?
- What are the upcoming industry applications and trends for the Hemps Seed Oil Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hemps Seed Oil Market?
- Who are the leading companies and what are their portfolios in Hemps Seed Oil Market?
- What segments are covered in the Hemps Seed Oil Market?
- Who are the key players in the Hemps Seed Oil market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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