Organic Hemp Market Size & Share 2024 - 2032
Market Size by Product by Application (Hemp Seed, Hemp Fiber, Hemp Shives, Hemp Dust), by Distribution Channel (Direct, Indirect) & Forecast.
Report ID: GMI5325
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Published Date: September 2024
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Organic Hemp Market Size
Organic Hemp Market size was valued at USD 146 million in 2023 and is anticipated to expand at over 13.4% CAGR from 2024 to 2032. The market growth is driven by a rising demand for organic and sustainable products, particularly in the health and wellness industry. Consumers are increasingly aware of the environmental and health benefits of organic hemp, which is cultivated without synthetic pesticides or fertilizers. The rising product launches from leading companies support the market.
Organic Hemp Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
For instance, in March 2022, Lotus Organics+ introduced hemp into its beauty product range with the launch of its new Hemp Youth Glow line. This new collection included a variety of skincare solutions such as the Hemp Youth Glow Blissful Serum, Hemp Youth Glow Soothing Cleanser, Hemp Youth Glow Crème, Hemp Youth Glow Facial Oil, and Hemp Youth Glow Sleep Crème.
As the demand for natural and eco-friendly products grows, the organic hemp market is poised for substantial growth, supported by its diverse applications in food, textiles, and personal care products. The expanding use of hemp-derived products, such as CBD oil, in various health and wellness applications also contributes to market growth, further establishing organic hemp as a crucial component of the global organic market.
The organic hemp market will record substantial growth due to the increasing consumer shift towards plant-based and sustainable products. This shift is particularly pronounced in the food and beverage industry, where hemp seeds and hemp-derived products are being incorporated into a wide range of products, including snacks, beverages, and supplements.
The rising innovative product introductions support the industry. For instance, in July 2024, Manitoba Harvest, a global leader in hemp foods announced the launch of the second series of its innovative Organic Bioactive Fiber in collaboration with Brightseed. The new product line features two exciting flavors—Coffee and Chocolate—and aims to improve gut wellness and support healthy digestion by offering an enhanced fiber experience.
However, the market faces challenges related to regulatory hurdles and the complexity of the legal landscape surrounding hemp cultivation and product sales. In many regions, the legal status of hemp and its derivatives remains a gray area, which can slow down market expansion. Overcoming these regulatory challenges will be crucial for businesses seeking to capitalize on the growing demand for organic hemp products.
Organic Hemp Market Trends
The market is expected to witness robust growth through 2032, driven by the increasing adoption of organic hemp in the textile and fashion industries. As consumers become more environmentally conscious, there is a growing preference for sustainable fibers like hemp, which is known for its durability, biodegradability, and minimal environmental impact.
The trend toward sustainable fashion is encouraging designers and brands to incorporate hemp fibers into their collections, thereby fueling market demand. Additionally, the use of hemp in personal care products is on the rise, with hemp oil being recognized for its moisturizing and anti-inflammatory properties. This trend is expected to further drive the market as consumers increasingly seek natural and organic skincare solutions.
For instance, In July 2023, Ecofibre, an Australian biotechnology company, secured an agreement to supply a specialized hemp yarn to the global sports brand Under Armour Inc. for use in its performance apparel line. The deal, facilitated by Ecofibre's specialty manufacturing subsidiary Hemp Black, will enable the supply of a unique yarn made with its trademarked eco6 hemp charcoal over three years.
Organic Hemp Market Analysis
The indirect segment among these is expected to record revenue worth over USD 139 million by 2032. This segment includes wholesalers, retailers, and e-commerce platforms that distribute organic hemp products to consumers. The growing popularity of organic hemp products across various retail channels, particularly in health food stores and online platforms, is driving the growth of this segment. E-commerce, in particular, has emerged as a key distribution channel, offering consumers convenient access to a wide range of organic hemp products. As more consumers turn to online shopping for their health and wellness needs, the indirect distribution channel is expected to see continued growth.
The industry share from the hemp fiber segment is poised to exhibit over 13% CAGR through 2032. Hemp fiber is increasingly being utilized in the textile industry due to its strength, durability, and eco-friendly nature. It is also used in the production of biocomposites, insulation materials, and other industrial applications. The versatility of hemp fiber, combined with growing environmental concerns, is driving demand in both the consumer and industrial markets. The segment’s growth is further supported by innovations in processing techniques that enhance the quality and usability of hemp fibers. As sustainability becomes a key focus across industries, the demand for hemp fiber is expected to rise, contributing to the overall growth of the market.
The Asia Pacific organic hemp market will be valued at USD 129 million by 2032. The region’s growth is driven by the expanding cultivation of hemp in countries like China and India, where favorable climatic conditions and government support are encouraging the production of organic hemp. Additionally, the increasing demand for natural and organic products in the region is fueling the market. The rising awareness of the health benefits associated with hemp-derived products, particularly in countries like Japan and South Korea, is further contributing to market growth. As governments across the region continue to support the cultivation and use of hemp, Asia Pacific is expected to remain a key market for organic hemp.
Organic Hemp Market Share
The organic hemp industry is experiencing a surge in demand, driven largely by concerted efforts from companies to capitalize on its growing popularity. Businesses are increasingly investing in the development of organic hemp products, ranging from textiles to wellness supplements, to meet consumer preferences for sustainable and natural goods. These companies are also prioritizing eco-friendly farming practices and transparency in their supply chains, further enhancing the appeal of organic hemp. As awareness of the environmental and health benefits of organic hemp continues to grow, the market demand is set to rise, bolstered by these strategic company efforts.
Organic Hemp Market Companies
Top companies operating in the organic hemp industry include:
Organic Hemp Industry News
The organic hemp market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue (USD Million) and volume (Kilo Tons) from 2021 to 2032, for the following segments:
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Market, By Distribution Channel
Market, by Application
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
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Our 6-step research process
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4. Market sizing
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✓ Competitive dynamics and market entry/exit expectations
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