The global Industrial Hemp market size is expected to reach $ 1187 million by 2032, rising at a market growth of 13.9% CAGR during the forecast period (2026-2032).
The industrial hemp counted in this report refers to the original plants of the genus Cannabis and their extracted products with a tetrahydrocannabinol content of less than 0.3% (percentage by dry matter weight).
Cannabis is a non-psychoactive compound increasingly used in health and wellness, cosmetics, food & beverage, and pharmaceutical products. The global cannabis market has grown rapidly in recent years due to increasing consumer awareness, evolving regulations, and demand for natural remedies. North America dominates the market, but Asia-Pacific and Europe are emerging as high-potential regions.
Market Trends:
Expansion of Legalization Worldwide: More countries and states are legalizing hemp-derived CBD for medical and wellness uses.
Product Diversification: cannabis is being integrated into various products such as gummies, capsules, beverages, skincare, and pet care.
Growth in E-commerce Channels: Online platforms have become key distribution channels, especially post-COVID-19.
Rising Investment in R&D: Companies are investing in clinical trials, product innovation, and purity enhancement.
Market Barriers:
Regulatory Uncertainty and Variability: Differences in legality, labeling, and THC content limits create compliance complexity.
Quality Control and Standardization Issues: Inconsistent product quality due to lack of uniform manufacturing standards.
Public Misconceptions and Stigma: Association with marijuana hampers broader market acceptance in some regions.
High Cost of Extraction and Purification: Advanced processing technologies such as CO₂ extraction are costly and require expertise.
This report studies the global Industrial Hemp production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Industrial Hemp and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Industrial Hemp that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Industrial Hemp total production and demand, 2021-2032, (Ton)
Global Industrial Hemp total production value, 2021-2032, (USD Million)
Global Industrial Hemp production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Ton), (based on production site)
Global Industrial Hemp consumption by region & country, CAGR, 2021-2032 & (Ton)
U.S. VS China: Industrial Hemp domestic production, consumption, key domestic manufacturers and share
Global Industrial Hemp production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Ton)
Global Industrial Hemp production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Ton)
Global Industrial Hemp production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Ton)
This report profiles key players in the global Industrial Hemp market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kazmira, KND Labs, Aurora Cannabis, Canopy Growth Corporation, Endoca, Charlotte's Web CBD, CV Sciences, Sequoya, Mile High Labs, EcoGen Biosciences, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Industrial Hemp market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Ton) and average price (US$/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Industrial Hemp Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Industrial Hemp Market, Segmentation by Type:
CBD Oil
CBD Crystal
Global Industrial Hemp Market, Segmentation by Application:
Medical and Pharmaceutical
Food and Beverage
Cosmetics
Other
Companies Profiled:
Kazmira
KND Labs
Aurora Cannabis
Canopy Growth Corporation
Endoca
Charlotte's Web CBD
CV Sciences
Sequoya
Mile High Labs
EcoGen Biosciences
Medical Marijuana, Inc.
Yunnan Hempson Bio-Tech
Tengchong Chenguang Yunma Biotechnology
Key Questions Answered:
1. How big is the global Industrial Hemp market?
2. What is the demand of the global Industrial Hemp market?
3. What is the year over year growth of the global Industrial Hemp market?
4. What is the production and production value of the global Industrial Hemp market?
5. Who are the key producers in the global Industrial Hemp market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Industrial Hemp. Industry analysis & Market Report on Industrial Hemp is a syndicated market report, published as Global Industrial Hemp Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Industrial Hemp market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.