Hemp Seed Oil Market Size, Share, and Growth Analysis, By Product Type (Conventional, Organic), By Grade (Food grade, Pharmaceutical grade), By Extraction Process, By End Use, By Region - Industry Forecast 2025-2032

Global Hemp Seed Oil Market size was valued at USD 116.9 million in 2023 and is poised to grow from USD 135.02 million in 2024 to USD 427.61 million by 2032, growing at a CAGR of 15.5% during the forecast period (2025-2032).

Hemp seed oil has surged in popularity due to its rich nutritional profile and health benefits, featuring high levels of essential fatty acids like omega-6 and omega-3, which support healthy skin, hair, and nails. Packed with antioxidants and vitamin E, it aids in protecting against free radicals, enhancing skin health without the psychoactive THC found in CBD oil, making it legal in many regions. As consumers increasingly seek its medicinal advantages, manufacturers are expanding their offerings to various forms, including gummies, oils, capsules, and cosmetics to address concerns such as stress and sleep. The legalization of hemp seed products in U.S. food supply has amplified market growth, resulting in a 62.4% rise in hemp production to satisfy this demand across multiple industries.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Hemp Seed Oil market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Hemp Seed Oil Market Segments Analysis

Global Hemp Seed Oil Market is segmented by Product Type, Grade, Extraction Process, End Use and region. Based on Product Type, the market is segmented into Conventional and Organic. Based on Grade, the market is segmented into Food grade and Pharmaceutical grade. Based on Extraction Process, the market is segmented into Cold pressed hemp seed oil and Refined hemp seed oil. Based on End Use, the market is segmented into Food & beverages, Nutraceuticals, Cosmetics & personal care, Pharmaceuticals and Industrial products. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Hemp Seed Oil Market

A significant factor propelling the global hemp seed oil market is the escalating demand for natural and organic products. As consumers become more health-conscious and environmentally aware, there's a notable shift towards products crafted from natural ingredients that impose minimal ecological impact. Hemp seed oil, being a natural and organic option, stands out with its rich composition of essential fatty acids and antioxidants, appealing to those in search of health and wellness solutions. This increasing preference for sustainable and organic offerings is anticipated to significantly fuel market expansion in the upcoming years, highlighting the shift towards health-focused consumer choices.

Restraints in the Global Hemp Seed Oil Market

A significant challenge facing the global hemp seed oil market is the widespread lack of awareness and prevailing confusion regarding the legal status of hemp-derived products. Despite the fact that hemp seed oil contains minimal levels of THC, the compound responsible for cannabis's psychoactive effects, consumers often remain uncertain about its legality. This uncertainty can deter potential buyers from purchasing hemp seed oil, stunting market growth. Furthermore, the absence of clear regulations and standardized guidelines across various regions adds to the complexity, further impeding the expansion of the market. Addressing these issues is crucial for fostering consumer confidence and enabling market development.

Market Trends of the Global Hemp Seed Oil Market

The global hemp seed oil market is witnessing a significant trend driven by the escalating integration of hemp seed oil into personal care and cosmetics products. Recognized for its rich composition of essential fatty acids and antioxidants, hemp seed oil has become a preferred ingredient among brands focusing on natural skincare and hair care solutions. With the increasing consumer shift towards organic and sustainable beauty options, coupled with heightened awareness of the numerous benefits associated with hemp seed oil, the demand within this sector is projected to rise further. This trend highlights a growing market for eco-friendly and health-conscious beauty products, poised for robust growth in the upcoming years.