Hemp-based Products - Global Stategic Business Report

The global market for Hemp-based Products was estimated at US$6.1 Billion in 2024 and is projected to reach US$14.7 Billion by 2030, growing at a CAGR of 15.9% 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-based Products market.

Global Hemp-Based Products Market - Key Trends & Drivers Summarized

Why Are Hemp-Based Products Rising in Popularity Across Multiple Consumer Sectors?

Hemp-based products are rapidly gaining global traction due to their sustainability, versatility, and wide range of applications across wellness, textiles, food, construction, and personal care. Derived from industrial hemp (Cannabis sativa L.), these products contain minimal THC and are legally cultivated in many regions for their eco-friendly characteristics and health benefits. Hemp seed oil, protein powder, clothing, bioplastics, paper, and CBD-infused wellness products are transforming the plant into a powerful economic and environmental commodity.

Consumer interest in natural, plant-based alternatives is driving demand for hemp in skincare, nutritional supplements, and eco-friendly materials. In food and beverage sectors, hemp is being positioned as a superfood rich in omega-3, fiber, and plant protein. Meanwhile, the personal care industry is embracing hemp-derived oils for their moisturizing and anti-inflammatory properties. With growing environmental consciousness and demand for organic labels, hemp has emerged as a sustainable raw material that resonates with ethical consumers.

How Are Regulations and Supply Chain Developments Shaping Product Commercialization?

The legalization and regulatory standardization of industrial hemp cultivation and processing especially in the U.S., Canada, parts of Europe, and increasingly in Asia-Pacific have opened the door for large-scale commercialization. Improved agricultural practices, government support, and investment in hemp processing technologies have streamlined supply chains, reduced costs, and increased availability of quality raw materials.

Technologies such as decorticators, fiber extractors, and CBD oil extraction equipment are enabling efficient value addition across sectors. At the same time, global regulations governing cannabinoid content and labeling requirements for CBD products are prompting brands to invest in product standardization, testing, and traceability. Blockchain-based supply chains and third-party certification systems are further strengthening transparency and consumer trust, especially in wellness and health-related applications.

Which Industries and Regions Are Fueling Demand for Hemp-Based Solutions?

Health and wellness is the largest end-use sector for hemp, encompassing dietary supplements, functional beverages, topical applications, and therapeutic oils. The textile industry is another major consumer, replacing cotton and synthetic fibers with durable, breathable hemp alternatives. The construction sector is exploring hempcrete (hemp-based concrete) for its carbon-negative potential and insulation properties. In packaging and automotive industries, hemp-based bioplastics are emerging as eco-friendly materials that can replace petroleum-derived products.

North America remains the largest market, with the U.S. leading hemp-based CBD and food product innovation. Europe is expanding rapidly, especially in organic textiles and sustainable construction. Asia-Pacific, particularly China and India, is a key supplier of raw hemp and is witnessing growing domestic application in textiles, ayurveda, and bioplastics. Latin America and Africa are exploring hemp cultivation for rural development and industrial use, supported by favorable climate and untapped land resources.

The Growth in the Hemp-Based Products Market Is Driven by Several Factors…

The growth in the hemp-based products market is driven by several factors tied to sustainable material demand, consumer wellness trends, and regulatory liberalization. Technological advancements in hemp cultivation, fiber processing, and cannabinoid extraction are enabling high-quality, scalable product development across categories. Supply chain maturity and regulatory frameworks have also improved, facilitating global trade and brand expansion.

From an end-use standpoint, rising interest in clean-label, natural health products is fueling the uptake of hemp-based foods, supplements, and personal care items. Sustainability mandates and carbon footprint reduction efforts are driving adoption in fashion, construction, and packaging sectors. Additionally, the alignment of hemp with organic farming practices, circular economy goals, and plant-based lifestyle movements is reinforcing its role as a transformative ingredient in future-ready industries.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Food Product Type segment, which is expected to reach US$3.7 Billion by 2030 with a CAGR of a 15.8%. The HEMP CBD Product Type segment is also set to grow at 17.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.7 Billion in 2024, and China, forecasted to grow at an impressive 21.0% CAGR to reach $3.2 Billion 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-based Products 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-based Products 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-based Products 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., 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.

Some of the 44 companies featured in this Hemp-based Products market report include:

• Aurora Cannabis Inc.
• Bluebird Botanicals
• Canopy Growth Corporation
• Charlotte's Web Holdings, Inc.
• Curaleaf Holdings, Inc.
• Ecofibre Limited
• Elixinol Global Limited
• GenCanna Global Inc.
• Green Thumb Industries
• Hemp, Inc.
• HempFlax Group B.V.
• HempFusion Wellness Inc.
• Manitoba Harvest
• MH medical hemp GmbH
• Nutiva Inc.
• Parkland Industrial Hemp Growers Co-op Ltd.
• PharmaHemp d.o.o.
• Tilray Brands, Inc.
• Valley Bio Limited
• Victory Hemp Foods

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.