Global Industrial Hemp Market Size Study & Forecast, by Application (Animal Care, Textiles, Food & Beverages) and Product (Seeds, Fiber, Shivs) and Regional Forecasts 2025-2035

The Global Industrial Hemp Market is valued at approximately USD 6.45 billion in 2024 and is anticipated to accelerate at a remarkable CAGR of 17.50% throughout the forecast period of 2025-2035. Industrial hemp-long considered an ancient agricultural powerhouse-has rapidly evolved into a modern, high-growth commodity as industries across the globe increasingly rely on natural materials to replace synthetics. Cultivators, manufacturers, and innovators are leaning on hemp's versatility to reinvent product formulations and streamline supply chains. Whether transformed into nutrient-rich food ingredients, high-strength fiber, or bio-based industrial inputs, hemp has begun reshaping multiple sectors in tandem with rising sustainability mandates. The market's expansion is further propelled by regulatory liberalization across major economies, which has helped hemp-based businesses scale and diversify their product portfolios.

Simultaneously, global consumers have begun gravitating toward plant-derived solutions-demanding cleaner labels, environmentally friendly merchandise, and functional ingredients that seamlessly blend health with performance. This shift has pushed industrial hemp into the spotlight as companies incorporate hemp-derived proteins, oils, textiles, and biocomposites into mainstream applications. Meanwhile, technological breakthroughs in seed genetics, processing efficiency, and material engineering continue to unlock higher-value use cases. Despite these tailwinds, the industry must navigate fragmented regulations and supply inconsistencies that occasionally restrict wider global adoption. However, the commercial incentives remain clear: organizations that integrate hemp into their long-term strategies stand to tap into one of the fastest-growing agricultural markets of the decade.

The detailed segments and sub-segments included in the report are:

By Application:

• Animal Care
• Textiles
• Food & Beverages

By Product:

• Seeds
• Fiber
• Shivs

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America

• Brazil
• Mexico

Middle East & Africa

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Among the various applications of industrial hemp, the Food & Beverages segment is expected to dominate the market moving forward. As consumers increasingly prioritize plant-based diets, the demand for hemp proteins, hempseed oils, and functional hemp ingredients has reached unprecedented levels. This segment continues to gather momentum due to hemp's nutrient density, clean-label appeal, and compatibility with modern lifestyle food trends. Conversely, the Animal Care segment is projected to be the fastest-growing area, supported by rising adoption of natural feed additives and hemp-based supplements. While Food & Beverages secures the largest share today, Animal Care emerges as the key growth frontier, signaling a broader shift toward natural formulations in the livestock and pet nutrition industries.

When analyzing the market by product type, hemp seeds currently command the highest revenue contribution. Seeds remain integral to the booming food, nutraceutical, and cosmetic sectors, bolstered by their high omega content, protein richness, and exceptional functional versatility. However, hemp fiber is swiftly becoming the fastest-growing product segment as global industries-from automotive to construction to fashion-embrace fiber-based composites, technical textiles, and bio-friendly industrial materials. This duality paints a vibrant picture: hemp seeds dominate the revenue landscape, but hemp fiber is escalating in demand due to its unmatched sustainable-material advantages. Meanwhile, shivs maintain steady adoption across construction and bedding applications, contributing meaningfully to the sector's diversification.

Across regional dynamics, North America held the lion's share of the global market in 2025, backed by progressive hemp legislation, robust cultivation infrastructure, and strong consumer appetite for hemp-infused foods, wellness products, and textiles. Europe follows closely, supported by well-established fiber processing industries and stringent sustainability regulations. Asia Pacific, however, is poised to be the fastest-growing region through 2035, driven by expanding cultivation in China and India, rising textile manufacturing activities, and increasing investments into hemp-based industrial materials. Latin America and the Middle East & Africa are steadily emerging as growth-ready regions, backed by favorable climates, agricultural reforms, and gradual acceptance of hemp-derived commercial applications.

Major market players included in this report are:

• Manitoba Harvest
• HempFlax Group B.V.
• Ecofibre Limited
• GenCanna Global
• Aurora Cannabis Inc.
• Tilray Brands Inc.
• HemPoland
• LC Industrial Hemp
• Botanical Genetics LLC
• Konoplex
• Hemp Inc.
• Dun Agro Hemp Group
• Canah International
• Hemp Production Services
• Greenfields Hemp Industry

Global Industrial Hemp Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast their values for the upcoming decade. The report integrates both qualitative and quantitative insights for each included geography, providing a holistic understanding of the market environment. Additionally, it offers in-depth evaluations of key driving forces and restraints influencing growth, alongside mapping investment opportunities across high-potential micro-markets. Further, the study analyzes the competitive ecosystem and profiles product portfolios and strategies of leading market participants.

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.