January 27, 2023

The global organic hemp seed products market size is expected to gain momentum during the forecast period. This is attributable to the growing adoption of vegan diet and the increasing demand for dietary supplement across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Organic Hemp Seed Products Market Size, Share & Industry Analysis, By Type (Organic Hemp Seed Hearts, Organic Hemp Seed Oil Capsule, Organic Hemp Seed Protein Powder), By Application (Food and Beverage [Dietary Supplements, Beverages, Bakery, Confectionery] Cosmetics and Personal Care, Pharmaceuticals, Animal Feed) and Regional Forecast, 2020-2027.”

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Organic hemp seed products are generally derived from non-toxic variety of cannabis sativa L. These products are a rich source of essential fatty acids and healthy fats. They further provide a great source of protein, along with considerable amounts of phosphorous, magnesium, calcium, vitamin E, potassium, zinc, and iron.

What does the Report Include?

The global market for organic hemp seed products report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

DRIVING FACTORS

Growing Demand for Plant-based Diet to Surge Demand

According to a Gallup survey, the U.S. is the leading country with the presence of the vegan population globally. The country’s 3% of adults between 18 to 29 years and about 4% between 30 to 49 years are vegan. The growing adoption of a plant-based diet owing to its nutritional benefits and less harmful environmental effect when consumed is driving the demand for organic foods such as organic hemp seed products. In addition to this, the increasing awareness regarding the benefits of a fit and healthy body is propelling the adoption of dietary supplements that will contribute to the global organic hemp seed products market growth during the forecast period.

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REGIONAL INSIGHTS

Growing Demand for Clean-labeled Food Product in North America to Favor Growth

Among all the regions, North America is expected to remain dominant and hold the highest position in the global organic hemp seed products market in the forthcoming years. This is attributable to the growing demand for clean-labeled and organic food products in the region. Additionally, countries such as Canada and the U.S. are among the major producers of organic hemp that will favor market growth in North America.

The market in Asia-Pacific is expected to showcase considerable growth during the forecast period. This is ascribable to factors such as the increasing adoption of organic hemp seed products for medicinal and food products in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Product Innovation by Prominent Companies to Leverage Lucrative Market Opportunities

The global organic hemp seed products market is experiencing substantial growth owing to the presence of major companies that are focusing on strengthening their positions. They are doing so by developing innovative organic hemp seed products to cater to the growing demand for nutritious food globally. Additionally, other key players are adopting strategies such as collaboration and partnership to gain a competitive edge over their rivals in the global marketplace.

Industry Development:

  • April 2020 – qemp Inc announced the launch of qemp ZERO, the pure version hemp seed oil enriched with scientifically selective herbs. According to the company, the non-GMO and organic dietary supplement provides wholesome nutrition and is one of the quality organic hemp seed products.

List of the Companies Operating in the Global Market for Organic Hemp Seed Products:

  • Organicway Inc.
  • HEMPLAND Organic Agri-Tech Inc
  • The Tonik, TruVibe Organics
  • Navitas LLC
  • Manitoba Harvest Hemp Foods
  • ConnOils LLC
  • Bioriginal Food & Science Corp.
  • Bioproduktas MB
  • Chi Hemp Industries Inc 

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