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Global Hemp Seed Oil Market to reach USD 230.37 million by the end of 2029

Global Hemp Seed Oil Market Size study&Forecast, byNature (Organic, Conventional), by Type (Cold-pressed, Refined), by Distribution Channel (B2B, B2C)and Regional Analysis, 2022-2029

Product Code: OIRFB-93595413
Publish Date: 20-03-2023
Page: 200

Global Hemp Seed Oil Market is valued at approximately USD 76.9 million in 2021 andis anticipated to grow with a healthy growth rate of more than 14.7% over the forecast period 2022-2029. Hemp seed oil is made from hemp seeds. It has a nutty flavourand ranges in colourfrom dark to clear bright green. Hemp seed oil provides therapeutic benefitsand is used to treat several ailments, including anxiety, epilepsy, and others. It contains a variety of vitamins and minerals, including vitamin B and vitamin C alsoa lot of amino acids and good fats such asomega-3 and omega-6, which is why its consumption is rising.The market is being driven by the increased use of hemp oil on e-commerce platforms and rising popularity due to the product’s medicinal benefits.

Because of the product’s therapeutic advantages, consumer demand is growing, and manufacturers are responding by providing hemp in a variety of forms that address a wide range of problems. For instance, CBII sells goods in candies, oils, capsules, balm, and face oil, among other forms.A European Commission research claims that from 2015 to 2019, hemp production climbed by 62.4%. Hemp production increased to 152,820 tons in 2019.Organically grown and produced goods are of higher quality, are more sustainable, and are cleaner. As a result, more items are being produced utilizing organic methods to satisfy customer demand. The global market for hemp seed oil, however, was mostly untouched by the pandemic because of the oil’s ability to boost immunity and combat numerous other strains and diseases, including the common cold and flu. Due to this, consumers all over the world have been drinking hemp seed oil more frequently since it strengthens the immune system.However, the high cost of Hemp Seed Oil stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hemp Seed Oil Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.With a market share of almost 40% in 2022, North America dominated the industry. The high percentage of the region is due in part to the legalization of hemp seed oil and favourablerules controlled by the local government. Because of this, the product is being used more frequently by the populace, which is driving regional growth.However, due to the significant adoption of hemp oil-based anti-ageing products during the projection period, Asia-Pacific records the greatest CAGR.The primary drivers will be the expanding healthcare industry and technological advancements in hemp seed oil medications for medical treatments.

Major market player included in this report are:
Nutiva Inc.
Connoills LLC
Manitoba Harvest Organic Hemp Oil
Sky Organics
Velona Hemp Seed Oil
Nature’s Power Nutraceuticals Corp.Z-COMPANY Hemp seed oil,
Live Verdure Ltd. – 13 Seeds
Bombay Hemp Company
Bioriginal Food & Science Corp

Recent Developments in the Market:
 In March 2021, Yooma Wellness Inc. announced the acquisition of Socati Corp. The corporation took this action in an effort to broaden its geographic reach.
 In April 2020, QEMP officially launched the qemp ZERO , with only organic herbs and no THC
 In December 2019,Terence Crawford and NuLeaf Naturals, LLC, one of the major manufacturers of hemp-based CBD oil in the United States, announced their alliance.
Global Hemp Seed Oil Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Nature, Type, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Nature offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By Distribution Channel:
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Hemp Seed Oil Market, by Region, 2019-2029 (USD Million)
1.2.2. Hemp Seed Oil Market, by Nature,2019-2029 (USD Million)
1.2.3. Hemp Seed Oil Market, by Type, 2019-2029 (USD Million)
1.2.4. Hemp Seed Oil Market, by Distribution Channel, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hemp Seed Oil Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hemp Seed Oil Market Dynamics
3.1. Hemp Seed Oil Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Medicinal Benefits of the Product. Rising Penetration of Hemp seed oil.
3.1.2. Market Challenges High Cost of Hemp Seed Oil.
3.1.3. Market Opportunities Products grown using organic methods. No Adverse Impact of COVID-19.
Chapter 4. Global Hemp Seed Oil Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Hemp Seed Oil Market, by Nature
6.1. Market Snapshot
6.2. Global Hemp Seed Oil Market by Nature, Performance – Potential Analysis
6.3. Global Hemp Seed Oil Market Estimates & Forecasts by Nature2019-2029 (USD Million)
6.4. Hemp Seed Oil Market, Sub Segment Analysis
6.4.1. Organic
6.4.2. Conventional
Chapter 7. Global Hemp Seed Oil Market, by Type
7.1. Market Snapshot
7.2. Global Hemp Seed Oil Market by Type, Performance – Potential Analysis
7.3. Global Hemp Seed Oil Market Estimates & Forecasts by Type2019-2029 (USD Million)
7.4. Hemp Seed Oil Market, Sub Segment Analysis
7.4.1. Cold-pressed
7.4.2. Refined
Chapter 8. Global Hemp Seed Oil Market, byDistribution Channel
8.1. Market Snapshot
8.2. Global Hemp Seed Oil Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Hemp Seed Oil Market Estimates & Forecasts by Distribution Channel2019-2029 (USD Million)
8.4. Hemp Seed Oil Market, Sub Segment Analysis
8.4.1. B2B
8.4.2. B2C
Chapter 9. Global Hemp Seed Oil Market, Regional Analysis
9.1. Hemp Seed Oil Market, Regional Market Snapshot
9.2. North America Hemp Seed Oil Market
9.2.1. U.S Hemp Seed Oil Market Nature breakdown estimates & forecasts, 2019-2029 Type breakdown estimates & forecasts, 2019-2029 Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Hemp Seed Oil Market
9.3. Europe Hemp Seed Oil Market Snapshot
9.3.1. U.K. Hemp Seed Oil Market
9.3.2. Germany Hemp Seed Oil Market
9.3.3. France Hemp Seed Oil Market
9.3.4. Spain Hemp Seed Oil Market
9.3.5. Italy Hemp Seed Oil Market
9.3.6. Rest of Europe Hemp Seed Oil Market
9.4. Asia-Pacific Hemp Seed Oil Market Snapshot
9.4.1. China Hemp Seed Oil Market
9.4.2. India Hemp Seed Oil Market
9.4.3. Japan Hemp Seed Oil Market
9.4.4. Australia Hemp Seed Oil Market
9.4.5. South Korea Hemp Seed Oil Market
9.4.6. Rest of Asia Pacific Hemp Seed Oil Market
9.5. Latin America Hemp Seed Oil Market Snapshot
9.5.1. Brazil Hemp Seed Oil Market
9.5.2. Mexico Hemp Seed Oil Market
9.6. Rest of The World Hemp Seed Oil Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Nutiva Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Connoills LLC
10.2.3. Manitoba Harvest Organic Hemp Oil
10.2.4. Sky Organics
10.2.5. Velona Hemp Seed Oil
10.2.6. Nature’s Power Nutraceuticals Corp.Z-COMPANY Hemp seed oil,
10.2.7. Live Verdure Ltd. – 13 Seeds
10.2.8. Bombay Hemp Company
10.2.9. Bioriginal Food & Science Corp
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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