Hemp Seed Oil - Global Strategic Business Report

The global market for Hemp Seed Oil was estimated at US$112.6 Million in 2024 and is projected to reach US$237.9 Million by 2030, growing at a CAGR of 13.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Hemp Seed Oil market.

Global Hemp Seed Oil Market - Key Trends & Drivers Summarized

Why Is Hemp Seed Oil Emerging as a Health and Wellness Trend?

Hemp seed oil is gaining widespread recognition as a superfood and natural remedy due to its high concentration of essential fatty acids, antioxidants, and anti-inflammatory properties. Extracted from the seeds of the hemp plant, this oil is rich in omega-3 and omega-6 fatty acids, making it a valuable addition to diets focused on heart health, brain function, and skin nourishment. Unlike CBD oil, hemp seed oil contains negligible amounts of cannabinoids, allowing it to be freely sold and incorporated into various food, cosmetic, and wellness products. The growing consumer awareness of its nutritional benefits has led to increased use of hemp seed oil in salad dressings, smoothies, and plant-based dairy alternatives. Additionally, the natural skincare and cosmetics industry has embraced hemp seed oil as a key ingredient in moisturizers, serums, and anti-aging formulations. As consumer preferences shift toward natural and organic health products, the demand for hemp seed oil continues to grow.

How Are Innovations Expanding the Use of Hemp Seed Oil?

The hemp seed oil industry is experiencing rapid innovation, with manufacturers exploring new extraction methods, product formulations, and applications to enhance market appeal. Cold-press extraction techniques have been optimized to retain the oil’s nutritional properties, while refining processes have improved its taste and texture for culinary applications. The rise of functional beverages has led to the incorporation of hemp seed oil in energy drinks, herbal teas, and plant-based milk alternatives. Additionally, the cosmetic industry is leveraging nanotechnology to improve the absorption and effectiveness of hemp seed oil in skincare formulations. New product developments, such as hemp-infused nutritional supplements and pet wellness products, are also expanding the market. These innovations are broadening the consumer base for hemp seed oil, making it a versatile and sought-after product in the health and wellness sector.

Why Is Demand for Hemp Seed Oil Increasing Across Industries?

The rising demand for hemp seed oil is being fueled by the health-conscious consumer shift toward plant-based nutrition, the growth of the natural skincare market, and the increasing adoption of hemp-derived ingredients in food and beverage manufacturing. Consumers are seeking out hemp seed oil for its anti-inflammatory and heart-healthy benefits, driving sales in health food stores and online marketplaces. The personal care and cosmetics industry is another major driver, as more brands incorporate hemp seed oil into organic skincare and haircare formulations. Additionally, the pharmaceutical and nutraceutical industries are exploring hemp seed oil for its potential therapeutic applications, further boosting its demand. As hemp cultivation becomes more widespread due to favorable regulations, the availability and affordability of hemp seed oil are improving, reinforcing market expansion.

What Are the Key Factors Driving the Growth of the Hemp Seed Oil Market?

The growth in the hemp seed oil market is driven by several factors, including increasing consumer awareness of hemp’s nutritional and therapeutic benefits, advancements in extraction technology, and the expansion of hemp cultivation due to legislative support. The demand for clean-label, organic, and non-GMO products is further propelling market growth, as consumers seek plant-based alternatives with minimal processing. The growing preference for natural skincare solutions is also a significant driver, with hemp seed oil being recognized for its moisturizing, anti-aging, and anti-inflammatory properties. Additionally, the expansion of e-commerce and digital marketing strategies has made hemp seed oil more accessible to a global audience. The continued investment in research and development of hemp-based food, wellness, and cosmetic products is expected to sustain long-term growth in the hemp seed oil market.

Report Scope

The report analyzes the Hemp Seed Oil market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Cold-Pressed Type, Refined Type); Nature (Organic Nature, Conventional Nature); Distribution Channel (B2B Distribution Channel, B2C Distribution Channel)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Cold-Pressed Type segment, which is expected to reach US$131.2 Million by 2030 with a CAGR of a 11.0%. The Refined Type segment is also set to grow at 16.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $30.7 Million in 2024, and China, forecasted to grow at an impressive 17.4% CAGR to reach $49.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Hemp Seed Oil Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hemp Seed Oil Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Hemp Seed Oil Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Aurora Cannabis Inc., Bioriginal Food & Science Corp., Bluebird Botanicals, Canopy Growth Corporation, Charlotte`s Web Holdings, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 42 Featured):

• Aurora Cannabis Inc.
• Bioriginal Food & Science Corp.
• Bluebird Botanicals
• Canopy Growth Corporation
• Charlotte`s Web Holdings, Inc.
• Curaleaf Holdings, Inc.
• CV Sciences, Inc.
• Ecofibre Limited
• Ecofibre Ltd
• Elixinol Global Limited
• Endoca
• Foods Alive
• GenCanna Global USA, Inc.
• Hemp Oil Canada
• HempFlax Group B.V.
• HempMeds
• Isodiol International Inc.
• Manitoba Harvest
• Nutiva
• The Cronos Group

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry