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The global hemp seed oil market is expected to grow from USD 81.58 million in 2019 to USD 967.03 million by 2027, at a CAGR of 36.33% during the forecast period from 2020-2027. Growing demand for hemp seed oil in the food and beverage industry is one of the key factor driving the growth of market.
In addition to this, rising applications of hemp seed oil in the cosmetics and personal care industry, further augmenting the growth of market. Hemp seed oil is widely being used in the personal care and pharmaceutical products, as it contains proteins, unsaturated fatty acids, omega 3 and omega 6. However, lack of processing facilities and planting & harvesting equipment could hamper the market growth over the forecast period.
The market has been segmented on the basis of type, application and region. The type segment includes food grade and pharmaceutical grade. Food grade held largest market share of 58.90% and valued at USD 47.32 million in 2019. Hemp seed oil is rich in omega-6 and omega-3 polyunsaturated fatty acids. In fact, it’s the only edible oil that contains greater than 80% polyunsaturated essential fatty acids. Linoleic acid (LA) and linolenic acid (LNA) are found in a ratio of 3:1, which is widely believed by nutritionists to be the optimal ratio. Another benefit of hemp seed oil is the high levels of vitamin E. On average, 100g of hemp seed oil contains 100–150mg of vitamin E. This vitamin is known for its antioxidant properties.
The application segment includes food, cosmetic and pharmaceutical. Cosmetic segment held the largest market share of 47.77% in 2019. The presence of omega 3 and omega 6 in skin care products create the perfect balance for optimal skin health and the addition of linoleic acid can help reduce inflammation and aid in acne treatment.
The market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, India and South America. North America held the largest market share of 35.09% in 2019, owing to the highest consumption of hemp seed oil in countries such as the U.S. and Canada.
Key players in the hemp seed oil market are ENDOCA, Hemp Oil Canada, Suyash Herbs, Gaia Botanicals, Isodiol, Medical Marijuana, Aurora Cannabis (AC), Cannoid, Canopy Growth Corporation, CV Sciences, IRIE CBD, Elixinol, NuLeaf Naturals, PharmaHemp, and Folium Bioscience among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market.
In September 2019, CV Sciences, Inc. announced the expansion of its brand, PlusCBD Oil, with the launch of seven new body care products at Natural Products Expo East to offer innovative solutions to consumer who are seeking alternatives to traditional body care. Each body care product is free from artificial dyes and fragrances, phthalates, sulfates, parabens and certified by US Hemp Authority.
This study forecasts revenue growth at global, regional, and country levels from 2014 to 2027. Fior Markets has segmented the on the basis of below mentioned segments:
Chapter 1 Introduction 12
1.1 Research Methodology 12
1.2 FMR desk research 13
1.2.1 FMR data synthesis 14
1.2.2 Data validation and market feedback 14
1.2.3 FMR data sources 15
Chapter 2 Global Hemp Seed Oil Market Overview 17
2.1 Product Overview and Scope of Hemp Seed Oil 17
2.2 Commercial Types of Hemp Seed Oil 20
2.2.1 Food Grade 21
2.2.2 Pharmaceutical Grade 22
2.3 Commercial Application of Hemp Seed Oil 23
2.3.1 Food 24
2.3.2 Cosmetic 25
2.3.3 Pharmaceutical 26
2.4 Development History of Hemp Seed Oil 27
2.5 Market Status and Trend of Hemp Seed Oil 2014-2027 28
2.5.1 Global Hemp Seed Oil Market Status and Trend 2014-2027 28
2.5.2 Regional Hemp Seed Oil Market Status and Trend 2014-2027 30
2.5.2.1 North America Market Status and Trend 2014-2027 30
2.5.3 Europe Market Status and Trend 2014-2027 32
2.5.4 Asia Pacific Market Status and Trend 2014-2027 34
2.5.5 Middle East and Africa Market Status and Trend 2014-2027 36
2.5.7 Latin America Market Status and Trend 2014-2027 40
Chapter 3 Global Market Status by Regions 42
3.1 Market Development of Hemp Seed Oil 2014-2018 42
3.2 Production Market of Hemp Seed Oil by Regions 44
3.2.1 Production Volume of Hemp Seed Oil by Regions 44
3.2.2 Regions Production Value of Hemp Seed Oil by Regions 49
3.3 Demand Market of Hemp Seed Oil by Regions 54
3.4 Production and Demand Status of Hemp Seed Oil by Regions 59
3.4.1 Global Production (Tons) and Demand (Tons) Status of Hemp Seed Oil 2014-2018 59
3.5 Import and Export Status of Hemp Seed Oil by Regions 2014-2018 62
3.6 Market Forecast of Hemp Seed Oil by Regions 2019-2027 64
3.7.1 Demand Market Forecast of Hemp Seed Oil by Regions 2019-2027 68
Chapter 4 Global Hemp Seed Oil Production by Type 70
4.1 Production Volume of Hemp Seed Oil by Types 70
4.2 Production Value of Hemp Seed Oil by Types 75
4.3 Market Forecast of Hemp Seed Oil by Types 80
Chapter 5 Global Hemp Seed Oil Production by Application 85
5.1 Demand Volume of Hemp Seed Oil by Downstream Industry 85
5.2 Market Forecast of Hemp Seed Oil by Downstream Industry 90
Chapter 6 Market Driving Factor Analysis of Hemp Seed Oil 93
6.1 Global Economy Situation and Trend Overview 93
6.2 Hemp Seed Oil Downstream Industry Situation and Trend Overview 94
Chapter 7 Hemp Seed Oil Market Competition Status by Major Manufacturers 95
7.1 Production Volume of Hemp Seed Oil by Major Manufacturers 95
7.2 Production Value of Hemp Seed Oil by Major Manufacturers 99
7.3 Market Competition News and Trend 103
7.3.1 Plant Location and Established Time of Hemp Seed Oil Major Manufacturer 103
7.4 Market Competition News and Trend 104
Chapter 8 Hemp Seed Oil Major Manufacturers 106
8.1 Endoca 106
8.1.1 Company Profile 106
8.1.2 Representative Hemp Seed Oil Industry Product 108
8.2 Hemp Oil Canada (acquired by Fresh Hemp Foods Ltd) 109
8.2.1 Company Profile 109
8.2.2 Representative Hemp Seed Oil Industry Product 111
8.2.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Hemp Oil Canada 112
8.3 Suyash Group 114
8.3.1 Company Profile 114
8.3.2 Representative Hemp Seed Oil Industry Product 115
8.4 Bluebird Botanicals 116
8.4.1 Company Profile 116
8.4.2 Representative Hemp Seed Oil Industry Product 117
8.5 Isodiol International, Inc 118
8.5.1 Company Profile 118
8.5.2 Representative Hemp Seed Oil Industry Product 119
8.5.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Isodiol International, Inc 119
8.6 Medical Marijuana, Inc. 121
8.6.1 Company Profile 121
8.6.2 Representative Hemp Seed Oil Industry Product 123
8.6.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Medical Marijuana, Inc. 123
8.7 Aurora Cannabis Inc. 125
8.7.1 Company Profile 125
8.7.2 Representative Hemp Seed Oil Industry Product 126
8.7.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Aurora Cannabis Inc. 126
8.8 Cannoid, LLC 128
8.8.1 Company Profile 128
8.8.2 Representative Hemp Seed Oil Industry Product 129
8.9 Canopy Growth Corporation 130
8.9.1 Company Profile 130
8.9.2 Representative Hemp Seed Oil Industry Product 131
8.10 CV Sciences, Inc. 132
8.10.1 Company Profile 132
8.10.2 Representative Hemp Seed Oil Industry Product 133
8.11 IrieCBD 135
8.11.1 Company Profile 135
8.11.2 Representative Hemp Seed Oil Industry Product 136
8.12 Elixinol Global Limited 137
8.12.1 Company Profile 137
8.12.2 Representative Hemp Seed Oil Industry Product 138
8.13 NuLeaf Naturals, LLC 139
8.13.1 Company Profile 139
8.13.2 Representative Hemp Seed Oil Industry Product 140
8.14 PharmaHemp 141
8.14.1 Company Profile 141
8.14.2 Representative Hemp Seed Oil Industry Product 142
8.15 Folium Biosciences 143
8.15.1 Company Profile 143
8.15.2 Representative Hemp Seed Oil Industry Product 144
Chapter 9 Upstream and Downstream Market Analysis of Hemp Seed Oil 145
9.1.1 Industry Chain of Hemp Seed Oil 145
9.2 Upstream Market and Representative Suppliers Analysis 146
9.2.1 Upstream Raw Material Market Analysis 146
9.2.2 Upstream Raw Material Representative Suppliers Analysis 147
9.3 Downstream Market and Representative Companies 148
9.3.1 Food 148
9.3.2 Cosmetic 148
9.3.3 Pharmaceutical 148
9.3.4 Representative Consumers of Hemp Seed Oil by Industry 149
Chapter 10 Cost and Gross Margin Analysis of Hemp Seed Oil 150
10.1 Proportion of Manufacturing Cost Structure 150
10.1.1 Labor Cost Analysis 151
10.1.1.1 USA Labor Cost Analysis 152
10.1 Manufacturing Process Analysis 156
Chapter 11 Marketing Status Analysis of Hemp Seed Oil 157
11.1 Marketing Channel 157
11.1.1 Direct Marketing 159
11.1.2 Indirect Marketing 160
11.2 Market Positioning 162
11.2.1 Marketing Channel Future Trend 162
11.2.2 Pricing Strategy 163
11.2.3 Brand Strategy 166
11.3 Distributors/Traders List 168
Chapter 12 Research Findings and Conclusion 169
List of Figures
FIG. 1 Representative Commercial Product Picture of Hemp Seed Oil 19
FIG. 2 Global Shipments Volume Share of Hemp Seed Oil by Types in 2018 20
FIG. 3 Demand Volume Share of Hemp Seed Oil by Downstream Industry in 2018 23
FIG. 4 Global Hemp Seed Oil Market Status and Trend 2014-2027 28
FIG. 5 Global Hemp Seed Oil Market Size Comparison in 2014, 2018 and 2027 29
FIG. 6 North America Hemp Seed Oil Revenue and Growth Rate 2014-2027 30
FIG. 7 Europe Hemp Seed Oil Revenue and Growth Rate 2014-2027 32
FIG. 8 Asia Pacific Hemp Seed Oil Revenue and Growth Rate 2014-2027 34
FIG. 9 Middle East and Africa Hemp Seed Oil Revenue and Growth Rate 2014-2027 36
FIG. 11 Latin America Hemp Seed Oil Revenue and Growth Rate 2014-2027 40
FIG. 12 Production Volume and Growth Rate of Hemp Seed Oil 2014-2018 42
FIG. 13 Production Value and Growth Rate of Hemp Seed Oil 2014-2018 43
FIG. 14 Production Volume Share of Hemp Seed Oil by Regions in 2015 46
FIG. 15 Production Volume Share of Hemp Seed Oil by Regions in 2017 47
FIG. 16 Production Volume Growth Rate Comparison of Hemp Seed Oil by Regions 2014-2018 48
FIG. 17 Production Value Share of Hemp Seed Oil by Regions in 2015 51
FIG. 18 Production Value Share of Hemp Seed Oil by Regions in 2018 52
FIG. 19 Production Value Growth Rate Comparison of Hemp Seed Oil by Regions 2014-2018 53
FIG. 20 Demand Volume Share of Hemp Seed Oil by Regions in 2015 56
FIG. 21 Demand Volume Share of Hemp Seed Oil by Regions in 2018 57
FIG. 22 Demand Volume Growth Rate Comparison of Hemp Seed Oil by Regions2014-2018 58
FIG. 23 Production Volume Forecast Share of Hemp Seed Oil by Regions in 2027 65
FIG. 24 Production Value Forecast Share of Hemp Seed Oil by Regions in 2027 67
FIG. 25 Demand Volume Forecast Share of Hemp Seed Oil by Regions in 2027 69
FIG. 26 Production Volume Share of Hemp Seed Oil by Types in 2015 72
FIG. 27 Production Volume Share of Hemp Seed Oil by Types in 2018 73
FIG. 28 Production Volume Growth Rate Comparison of Hemp Seed Oil by Types 2014-2018 74
FIG. 29 Production Value Share of Hemp Seed Oil by Types in 2015 77
FIG. 30 Production Volume Share of Hemp Seed Oil by Types in 2018 78
FIG. 31 Production Volume Growth Rate Comparison of Hemp Seed Oil by Types 2014-2018 79
FIG. 32 Production Volume Share Forecast of Hemp Seed Oil by Types in 2027 81
FIG. 33 Production Value Share Forecast of Hemp Seed Oil by Types in 2027 83
FIG. 34 Production Value Growth Rate Comparison of Hemp Seed Oil by Types 2019-2027 84
FIG. 35 Demand Volume Share of Hemp Seed Oil by Applications in 2015 87
FIG. 36 Demand Volume Share of Hemp Seed Oil by Applications in 2018 88
FIG. 37 Demand Volume Market Share Comparison of Hemp Seed Oil by Applications 2014-2018 89
FIG. 38 Demand Volume Share Forecast of Hemp Seed Oil by Downstream Industry in 2027 91
FIG. 39 Demand Volume Growth Rate Comparison of Hemp Seed Oil by Downstream Industry 2019-2027 92
FIG. 40 Production Volume Share of Hemp Seed Oil by Major Manufacturers in 2015 97
FIG. 41 Production Volume Share of Hemp Seed Oil by Major Manufacturers in 2018 98
FIG. 42 Production Value Share of Hemp Seed Oil by Major Manufacturers in 2015 101
FIG. 43 Production Value Share of Hemp Seed Oil by Major Manufacturers in 2018 102
FIG. 44 Hemp Oil Canada Hemp Seed Oil Business Revenue And Market Share 113
FIG. 45 Isodiol International, Inc Hemp Seed Oil Business Revenue And Market Share 120
FIG. 46 Medical Marijuana, Inc. Hemp Seed Oil Business Revenue And Market Share 124
FIG. 47 Aurora Cannabis Inc. Hemp Seed Oil Business Revenue And Market Share 127
FIG. 48 Industry Chain of Hemp Seed Oil 145
FIG. 49 Manufacturing Cost Structure 150
FIG. 50 USA Overview of Average Hourly Wages 2015-2016 (USD/Hour) 152
FIG. 51 Middle East and Africa CPI (2017-2018) 154
FIG. 52 Europe CPI (2014-2018) 155
FIG. 53 Manufacturing Process 156
FIG. 54 Marketing Channels 157
FIG. 55 Direct Marketing 160
FIG. 56 Inirect Marketing 161
FIG. 57 Marketing Channel 163
FIG. 58 Pricing Strategy 165
FIG. 59 Brand Strategy 167
List of Tables
TABLE 1 North America Hemp Seed Oil Market Main Driving Factors Analysis 31
TABLE 2 Europe Hemp Seed Oil Market Main Driving Factors Analysis 33
TABLE 3 Asia Pacific Hemp Seed Oil Market Main Driving Factors Analysis 35
TABLE 4 Middle East and Africa Hemp Seed Oil Market Main Driving Factors Analysis 37
TABLE 6 Latin America Hemp Seed Oil Market Main Driving Factors Analysis 41
TABLE 7 Production Volume (Tons) of Hemp Seed Oil by Regions 2014-2018 44
TABLE 8 Production Volume Share of Hemp Seed Oil by Regions 2014-2018 45
TABLE 9 Production Value (USD Million) of Hemp Seed Oil by Regions 49
TABLE 10 Production Value Share of Hemp Seed Oil by Regions 2014-2018 50
TABLE 11 Demand Volume (Tons) of Hemp Seed Oil by Regions 2014-2018 54
TABLE 12 Demand Volume Share of Hemp Seed Oil by Regions 2014-2018 55
TABLE 13 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 59
TABLE 14 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 59
TABLE 15 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 60
TABLE 16 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 60
TABLE 17 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 60
TABLE 18 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 61
TABLE 19 Import Volume of Hemp Seed Oil by Regions 2014-2018 62
TABLE 20 Export Volume of Hemp Seed Oil by Regions 2014-2018 63
TABLE 21 Production Market Forecast of Hemp Seed Oil by Regions 2019-2027 64
TABLE 22 Production Value Forecast of Hemp Seed Oil by Regions 2019-2027 66
TABLE 23 Demand Volume Forecast of Hemp Seed Oil by Regions 2019-2027 68
TABLE 24 Production Volume of Hemp Seed Oil by Types 2014-2018 70
TABLE 25 Production Volume Share of Hemp Seed Oil by Types 2014-2018 71
TABLE 26 Production Value of Hemp Seed Oil by Types 2014-2018 75
TABLE 27 Production Value Share of Hemp Seed Oil by Types 2014-2018 76
TABLE 28 Production Volume Forecast of Hemp Seed Oil by Types 2019-2027 80
TABLE 29 Production Value Forecast of Hemp Seed Oil by Types 2019-2027 82
TABLE 30 Demand Volume of Hemp Seed Oil by Applications 2014-2018 85
TABLE 31 Demand Volume Share of Hemp Seed Oil by Applications 2014-2018 86
TABLE 32 Demand Volume Forecast of Hemp Seed Oil by Applications 2019-2027 90
TABLE 33 Global Production Volume (Tons) of Hemp Seed Oil by Major Manufacturers 2015-2018 95
TABLE 34 Production Volume Share of Hemp Seed Oil by Major Manufacturers 2015-2018 96
TABLE 35 Production Value (USD Million) of Hemp Seed Oil by Major Manufacturers 2015-2018 99
TABLE 36 Global Hemp Seed Oil Revenue Share by Major Manufacturers (2015-2018) 100
TABLE 37 Company Profile of Endoca 106
TABLE 38 Company Profile of Hemp Oil Canada 109
TABLE 39 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Hemp Oil Canada 2015-2018 112
TABLE 40 Company Profile of Suyash Group 114
TABLE 41 Company Profile of Bluebird Botanicals 116
TABLE 42 Company Profile of Isodiol International, Inc 118
TABLE 43 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Isodiol International, Inc 2015-2018 119
TABLE 44 Company Profile of Medical Marijuana, Inc. 121
TABLE 45 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Medical Marijuana, Inc. 2015-2018 123
TABLE 46 Company Profile of Aurora Cannabis Inc. 125
TABLE 47 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Aurora Cannabis Inc. 2015-2018 126
TABLE 48 Company Profile of Cannoid, LLC 128
TABLE 49 Company Profile of Canopy Growth Corporation 130
TABLE 50 Company Profile of CV Sciences, Inc. 132
TABLE 51 Company Profile of IrieCBD 135
TABLE 52 Company Profile of Elixinol Global Limited 137
TABLE 53 Company Profile of NuLeaf Naturals, LLC 139
TABLE 54 Company Profile of PharmaHemp 141
TABLE 55 Company Profile of Folium Biosciences 143
TABLE 56 Key Suppliers of Raw Materials 146
TABLE 57 Representative Consumers of Hemp Seed Oil by Industry 149
TABLE 58 Manufacturing Cost Structure 150
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
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