Hemp Market Report 2026

Hemp Market Overview

• Hemp market size has reached to $8.55 billion in 2025 • Expected to grow to $21.2 billion in 2030 at a compound annual growth rate (CAGR) of 19.8% • Growth Driver: Rising Demand For Natural And Organic Products Fuels Growth In The Hemp Market • Market Trend: Innovations In Hemp-Based Period Pads • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Hemp Market?

Hemp is a type of cannabis sativa plant cultivated primarily for industrial applications and medicinal purposes. It is distinct from marijuana because of its low content of tetrahydrocannabinol (THC), the psychoactive compound found in cannabis. Hemp is widely used in the textile industry to produce durable fabrics and eco-friendly clothing. The main types of hemp products are hemp seed, hemp oil, and hemp fiber. Hemp seeds are small, nutrient-rich seeds harvested from the hemp plant. It can be obtained from both conventional and organic sources and is grown in outdoor and indoor farms. It is applied for food and beverages, textiles, personal care and cosmetics, pharmaceuticals, automotive, construction, and others.

What Is The Hemp Market Growth Forecast?

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.

Global Hemp Market Segmentation

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

What Is Driver Of The Hemp Market?

The increasing demand for natural and organic products is expected to propel the growth of the hemp market going forward. A natural and organic product is one made from ingredients that are derived from natural sources without synthetic chemicals, pesticides, or genetically modified organisms (GMOs) and is often produced following organic farming standards. Rising consumer awareness about health and environmental impacts drives 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 instance, in April 2025, according to the Organic Trade Association (OTA), a US-based membership organization, in 2024, U.S. sales of certified organic products rose by 5.2% year over year, more than double the 2.5% growth rate of the overall market, with total organic sales reaching a record $71.6 billion. Therefore, the increasing demand for natural and organic products is driving the growth of the hemp industry.

Key Players In The Global Hemp Market

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

Global Hemp Market Trends and Insights

Major companies operating in the hemp market are focusing on the development of hemp-based products, such as period pads, to provide a hygienic, absorbent, and comfortable solution for managing menstrual flow while ensuring convenience and protection. Hemp is used in period pads for its eco-friendly, absorbent, and antimicrobial properties, offering a sustainable and comfortable alternative to traditional materials. For instance, in February 2024, Mewalii, a Denmark-based developer of sustainable disposable pads, launched period pads made from Sero regenerative hemp fibers. The Mewalii Period Pads feature a core of 100% hemp fibers and a topsheet that blends hemp with viscose for added softness and absorbency. The hemp fibers are softened through mechanical methods to ensure full biodegradability. By using hemp instead of cotton, these pads minimize water, pesticide, and land use while also leveraging hemp's low environmental impact and effective carbon sequestration.

What Are Latest Mergers And Acquisitions In The Hemp Market? Indoor Harvest Corp. Announces Completion of Acquisition of 369Hemp®

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. With this acquisition, Indoor Harvest aims to enhance its manufacturing, distribution, and brand footprint in the smokeable-hemp market. 369Hemp, Inc. is a US-based provider of hemp-cigarette manufacturing and distribution services, operating a 30,000 sq ft facility and selling direct-to-consumer, in-store retail, and wholesale hemp cigarette brands.

Regional Outlook

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Hemp Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Hemp Market Report 2026?

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