Industrial Hemp Market Report Highlights Growth Opportunities Through 2031

The global Industrial Hemp Market is projected to grow from USD 3.57 billion in 2026 to USD 7.83 billion by 2031, registering a CAGR of 17.02%. Growth is supported by increasing demand for hemp-based products across food and beverages, healthcare supplements, textiles, animal feed, and sustainable construction.

Key Market Trends

  • Supportive regulations such as the U.S. 2018 Farm Bill and updated policies in Germany, France, and Japan are encouraging hemp cultivation and processing.
  • Plant-based food demand is increasing the use of hemp seeds, hemp protein, and hempseed oil in protein drinks, dairy alternatives, and functional foods.
  • CBD adoption continues to grow in wellness and over-the-counter products, supported by improved quality standards and wider retail availability.

Learn more in the Japanese edition: https://www.mordorintelligence.com/ja/industry-reports/industrial-hemp-market?utm_source=blogger

Market Segmentation

By Type

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

By Application

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

By Geography
North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Leading Companies

Key players include HempFlax Group BV, Charlotte's Web, Inc., Manitoba Harvest Hemp Foods, Ecofibre, and Canopy Growth Corporation.

Conclusion

The Industrial Hemp Market is expanding as demand grows for sustainable materials, plant-based nutrition, and CBD products. Continued regulatory support, improvements in cultivation and processing, and expanding industrial applications are expected to sustain market growth over the coming years.

About Mordor Intelligence

Mordor Intelligence provides syndicated and custom market research across a wide range of industries, helping organizations make informed business decisions through expert analysis and global market intelligence.

For inquiries: media@mordorintelligence.com

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