Hemp Global Market Report 2026

Hemp is a variety of the cannabis sativa plant primarily cultivated for industrial applications and medicinal purposes. It is distinct from marijuana due to its low content of tetrahydrocannabinol (THC), the psychoactive compound in cannabis. It is extensively utilized in the textile industry to create durable fabrics and eco-friendly clothing.

The main types of hemp products include hemp seed, hemp oil, and hemp fiber. Hemp seeds are small, nutrient-rich seeds harvested from the hemp plant and can be sourced from both conventional and organic methods, cultivated in outdoor and indoor farms. These seeds find applications across various sectors, including food and beverages, textiles, personal care and cosmetics, pharmaceuticals, automotive, construction, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on hemp fibers, oils, and processed hemp goods have increased import and production costs, particularly affecting textiles, food and beverages, pharmaceuticals, and personal care segments in North America and Europe, where reliance on imported raw materials is high. These tariffs can slow market expansion but also encourage domestic cultivation, support regional processing facilities, and promote investment in local supply chains, creating long-term opportunities for sustainable hemp-based industries.

The hemp market research report is one of a series of new reports from The Business Research Company that provides hemp market statistics, including hemp industry global market size, regional shares, competitors with a hemp market share, detailed hemp market segments, market trends and opportunities, and any further data you may need to thrive in the hemp industry. This hemp market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hemp market size has grown exponentially in recent years. It will grow from $8.55 billion in 2025 to $10.28 billion in 2026 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to early adoption in textiles, rise in natural food consumption, expansion of hemp cultivation, regulatory easing in key markets, growth in natural cosmetics usage.

The hemp market size is expected to see rapid growth in the next few years. It will grow to $21.2 billion in 2030 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to increasing demand for plant-based nutrition, rising use of hemp in biocomposites, growth in cbd-based wellness products, expansion of sustainable construction materials, increasing preference for organic farming. Major trends in the forecast period include rising consumer adoption of hemp-based foods, growing demand for eco-friendly hemp textiles, expansion of hemp-derived wellness and beauty products, increasing use of hemp fiber in sustainable construction, rising preference for organic and clean-label hemp products.

The increasing demand for natural and organic products is expected to drive the growth of the hemp market going forward. A natural and organic product is made from ingredients derived from natural sources without synthetic chemicals, pesticides, or genetically modified organisms (GMOs) and is typically produced according to organic farming standards. Rising consumer awareness of health and environmental impacts is fueling the growing preference for natural and organic options. Hemp is used as a natural and organic product because it is grown without synthetic chemicals, is environmentally sustainable, and provides versatile, eco-friendly materials and nutrients. For example, in April 2025, according to the Organic Trade Association (OTA), a U.S.-based membership organization, U.S. sales of certified organic products increased by 5.2% in 2024 year over year-more than double the 2.5% growth rate of the overall market-reaching a record $71.6 billion. Therefore, the rising demand for natural and organic products is fueling the growth of the hemp market.

Key companies in the hemp market are concentrating on the development of hemp-based products, such as period pads, to offer a hygienic, absorbent, and comfortable solution for menstrual flow management while ensuring convenience and protection. Hemp is favored for use in period pads due to its eco-friendly, absorbent, and antimicrobial properties, providing a sustainable and comfortable alternative to traditional materials. For example, in February 2024, Mewalii, a Denmark-based developer of sustainable disposable pads, introduced period pads made from Sero regenerative hemp fibers. The Mewalii Period Pads feature a core composed of 100% hemp fibers, with a topsheet that combines hemp with viscose for enhanced softness and absorbency. The hemp fibers are softened using mechanical methods to ensure full biodegradability. By opting for hemp instead of cotton, these pads significantly reduce water, pesticide, and land usage while taking advantage of hemp's low environmental impact and effective carbon sequestration capabilities.

In May 2023, Indoor Harvest Corp., a U.S.-based provider of sustainable hemp and wellness-related products, acquired Opportunity Development Group, LLC and its subsidiary 369Hemp, Inc. for a combination of cash and common stock. Through this acquisition, Indoor Harvest aims to strengthen its manufacturing, distribution, and brand presence in the smokeable-hemp market. 369Hemp, Inc. is a U.S.-based provider of hemp-cigarette manufacturing and distribution services, operating a 30,000 sq ft facility and selling direct-to-consumer, in retail stores, and through wholesale hemp cigarette brands.

Major companies operating in the hemp market are Tilray Brands Inc., Konoplex LLC, Liaoning Qiaopai Biotech Co. Ltd., Aurora Cannabis Inc., Ecofibre Limited, ENDOCA BV, CV Sciences Inc., Navitas Organics, Elixinol LLC, US Hemp Wholesale, HempFlax Group BV, Colorado Hemp Works, Bast Fibre Technologies Inc., Dun Agro Hemp Group, GFR Ingredients Inc., Hemp Inc., HempMeds PX LLC, MH Medical Co. Ltd., The Hemp Mine, Valley Bio Ltd., Green Source Organics, Kazmira LLC

North America was the largest region in the hemp market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hemp market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The hemp market consists of sales of hemp textiles, hemp protein powder, hemp paper, and hemp ropes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hemp Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses hemp market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hemp ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hemp market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Hemp Seed; Hemp Oil; Hemp Fiber
• 2) By Source: Conventional; Organic
• 3) By Farm: Outdoor; Indoor
• 4) By Application: Food And Beverages; Textiles; Personal Care And Cosmetics; Pharmaceuticals; Automotive; Construction; Other Applications
• Subsegments:
• 1) By Hemp Seed: Whole Hemp Seeds; Shelled Hemp Seeds; Hemp Seed Protein Powder; Hemp Seed Oil
• 2) By Hemp Oil: Refined Hemp Oil; Unrefined Hemp Oil; Hemp Seed Oil; CBD Hemp Oil
• 3) By Hemp Fiber: Long Hemp Fiber; Short Hemp Fiber; Hemp Fiber Products; Hemp Fiber For Paper Production
• Companies Mentioned: Tilray Brands Inc.; Konoplex LLC; Liaoning Qiaopai Biotech Co. Ltd.; Aurora Cannabis Inc.; Ecofibre Limited; ENDOCA BV; CV Sciences Inc.; Navitas Organics; Elixinol LLC; US Hemp Wholesale; HempFlax Group BV; Colorado Hemp Works; Bast Fibre Technologies Inc.; Dun Agro Hemp Group; GFR Ingredients Inc.; Hemp Inc.; HempMeds PX LLC; MH Medical Co. Ltd.; The Hemp Mine; Valley Bio Ltd.; Green Source Organics; Kazmira LLC
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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