Global Industrial Hemp Market Size & Outlook
The industrial hemp industry worldwide is expected to reach a projected revenue of US$ 16,754.8 million by 2030. A compound annual growth rate of 17.1% is expected of the worldwide industrial hemp industry from 2023 to 2030.
Revenue, 2022 (US$M)
$4,744.7
Forecast, 2030 (US$M)
$16,754.8
CAGR, 2023 - 2030
17.1%
Report Coverage
Worldwide
Global industrial hemp market, 2018-2030 (US$M)
Related Markets
Global industrial hemp market highlights
- The global industrial hemp market generated a revenue of USD 4,744.7 million in 2022 and is expected to reach USD 16,754.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 17.1% by 2030.
- In terms of segment, fiber accounted for a revenue of USD 1,938.5 million in 2022.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 4,744.7 million |
| Market revenue in 2030 | USD 16,754.8 million |
| Growth rate | 17.1% (CAGR from 2022 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Seeds |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Seeds, Fiber, Shives |
Other key industry trends
- In terms of revenue, the North America accounted for 32.5% of the global industrial hemp market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 538.9 million by 2030.
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Industrial Hemp Market Scope
Industrial hemp market segmentation & scope
Animal Care
Textiles
Automotive
Furniture
Food & Beverages
Paper
Construction Materials
Personal Care
Other
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global industrial hemp market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial hemp market will help companies and investors design strategic landscapes.
fiber was the largest segment with a revenue share of 40.86% in 2022. Horizon Databook has segmented the Global industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Hemp Product Outlook (Revenue, USD Million, 2018-2030)
- Seeds
- Fiber
- Shives
- Global Industrial Hemp Application Outlook (Revenue, USD Million, 2018-2030)
- Animal Care
- Textiles
- Automotive
- Furniture
- Food & Beverages
- Paper
- Construction Materials
- Personal Care
- Other
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Target buyers of Global industrial hemp market databook
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Our clientele includes a mix of industrial hemp market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial hemp market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial hemp market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global industrial hemp market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial hemp market size, 2022 (USD Million)
Top 10 countries: Industrial hemp market size, 2022 (USD Million)
Global industrial hemp market, by region, 2022 (US$M)
Related regional statistics
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