PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1876123
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1876123
The global hemp seed oil market was valued at USD 1,953.03 million in 2024 and is projected to grow from USD 2,354.67 million in 2025 to USD 10,241.02 million by 2032, exhibiting an exceptional compound annual growth rate (CAGR) of 23.37% during the forecast period. Europe dominated the global market in 2024, holding a 46.67% share, valued at USD 912.37 million, due to favorable regulations, expanded cultivation, and strong consumer demand for plant-based wellness and skincare products.
Hemp seed oil, extracted from Cannabis sativa L. seeds, is a non-psychoactive, nutrient-rich oil packed with essential fatty acids such as omega-3 and omega-6, antioxidants, and vitamins. Its applications across food & beverage, nutraceutical, cosmetics, and personal care industries are driving its demand worldwide. Increasing consumer preference for organic, natural, and functional products continues to propel the global hemp seed oil market forward.
Market Trends
The hemp seed oil market is witnessing a surge in demand for premium and cold-pressed oils, owing to their superior purity and nutritional benefits. Cold-pressed extraction retains the oil's full nutrient profile, making it highly preferred for functional foods, clean-label skincare, and gourmet applications. Additionally, the rise in organic and vegan beauty products has intensified the use of hemp seed oil in skincare formulations for hydration, anti-aging, and skin barrier repair.
Furthermore, technological innovations and product diversification-such as hemp-infused beverages, dietary supplements, and superfoods-are expanding the market's reach. For instance, in April 2023, Hemperella, a European superfood company, launched a line of hemp-based foods, including oils and protein products, in Poland and the Netherlands, reflecting the growing integration of hemp seed oil in everyday nutrition.
Market Dynamics
Drivers - Rising Health and Nutrition Awareness
The growing health consciousness among consumers is a primary factor fueling hemp seed oil demand. The oil's balanced 3:1 ratio of omega-6 to omega-3 fatty acids supports cardiovascular health, reduces inflammation, and promotes skin vitality. According to the National Center for Biotechnology Information (NCBI), the Gamma-linolenic acid (GLA) found in hemp seed oil reduces symptoms of arthritis and skin ailments by mitigating inflammation. This "superfood" status is pushing manufacturers to integrate hemp seed oil into supplements, snacks, and functional beverages.
Restraints - Regulatory Complexity and Legal Ambiguity
The market's growth is hampered by varying international regulations surrounding hemp cultivation and product approval. In the European Union, hemp seed oil falls under Novel Food Regulation (EU 2015/2283), requiring safety evaluations and EFSA approvals for commercialization. These differing THC limits and compliance standards across regions slow down global expansion and trade efficiency.
Opportunities - Expanding Role in Natural Skincare and Cosmetics
The growing demand for natural, sustainable, and multifunctional skincare presents vast opportunities. Hemp seed oil's rich concentration of vitamins A, C, and E, along with its anti-inflammatory and antioxidant properties, makes it ideal for formulations targeting acne, eczema, and aging. In December 2024, Koru Pharma launched Mesohemp, a new skincare line featuring hemp seed oil-based products, showcasing the oil's rising presence in premium beauty categories.
Challenges - Lack of Global Standardization
The absence of consistent quality standards and product labeling for hemp-derived ingredients poses challenges to consumer trust and market scalability. Establishing harmonized regulations will be crucial for maintaining product integrity and ensuring sustainable growth.
By Nature
The conventional segment dominated in 2024 due to lower production costs and high availability. However, the organic segment is anticipated to register the fastest growth through 2032, as consumers increasingly prefer non-GMO and chemical-free options aligned with wellness lifestyles.
By Type
The cold-pressed segment held the largest market share in 2024, driven by its superior nutritional quality and light, nutty flavor suitable for culinary and personal care applications. Meanwhile, refined hemp seed oil is gaining traction in industrial and cost-sensitive uses for its stability and affordability.
By Distribution Channel
The B2C segment led the global market in 2024, attributed to the growth of e-commerce and retail availability. Consumers are increasingly purchasing hemp seed oil from supermarkets, pharmacies, and wellness stores. For instance, Hemp Foods Australia expanded its reach in 2023, securing nationwide listings in Woolworths and Coles stores.
By End Use
The food & beverage segment was the largest end-use category in 2024, supported by the integration of hemp oil in functional foods, beverages, and plant-based diets. In February 2022, PepsiCo introduced Rockstar Energy + Hemp Seed Oil, catering to consumers seeking natural relaxation beverages. The nutraceuticals and dietary supplements segment is expected to witness strong growth due to the rising demand for omega-rich health products.
Europe
Europe led the global hemp seed oil market in 2024, valued at USD 912.37 million, and is expected to retain its dominance through 2032. The region benefits from expanded cultivation, supportive EU regulations, and consumer awareness of hemp-based nutrition. According to the European Commission, hemp cultivation in the EU grew by 60%, from 20,540 hectares in 2015 to 33,020 hectares in 2022, with France accounting for over 60% of production.
North America
North America continues to experience rapid growth, driven by legalization under the 2018 U.S. Farm Bill and Canada's stable regulatory framework. Established supply chains and innovation in hemp-based functional foods and beauty products contribute to market expansion.
Asia Pacific
The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, fueled by urbanization, increasing disposable incomes, and consumer shifts toward organic and plant-based oils in countries such as China, India, and Japan.
Latin America and Middle East & Africa
In Latin America, countries like Brazil and Argentina are legalizing hemp cultivation, improving local production and export opportunities. Meanwhile, the Middle East & Africa market benefits from a growing focus on premium skincare and sustainable agriculture, with hemp seed oil finding wide acceptance in beauty and wellness applications.
Competitive Landscape
The global hemp seed oil market is highly fragmented, with both multinational and regional players competing through innovation and sustainability. Key market leaders include:
Other notable participants are Nutiva Inc., Bombay Hemp Company (India), and Yunnan HuaFang Industrial Hemp Co., Ltd. (China).
Recent Developments:
Conclusion
The global hemp seed oil market is on a high-growth trajectory, supported by increasing consumer preference for natural, plant-based, and functional products. While regulatory challenges persist, ongoing legalization, sustainable farming practices, and innovations in cold-pressed extraction and skincare formulations will continue to fuel market expansion.
Market Size Overview:
Segmentation By Nature
By Type
By Distribution Channel
By End-Use
By Geography