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Hemp seeds market Introduction

Hemp seeds are produced from the hemp plant, Cannabis sativa L. Hemp is commonly confused with marijuana, as it belongs to the same family, the two plants are quite different from each other. Hemp seeds contain less than 1% of the psychoactive drugs while marijuana contain more than 20%. Hemp seeds are perfect and natural blend of easily digested proteins, fibers, essential fats, amino acids, antioxidants, iron and vitamins. These seeds are a gift of nature and are the most nutritious seeds. These seeds contain protein in high amount. This is one of the potent food available supporting optimal health and well-being for life.

Hemp seed market segmentation

Hemp seeds market can be segmented on the basis of form, applications, distribution channels and region.

On the basis of form hemp seeds market can be segmented into four forms such as: Whole hemp seed, Shelled hemp seed, hemp seed oil, and hemp seed protein.

On the basis of application, hemp seed market is segmented into Food (containing hemp milk), tea and hemp juice, hemp fiber which has been used extensively for the production of hemp dresses, hemp sacks, ropes, canvas, hempcrete which is a building material which are extremely strong and durable, plastic and composite material- used in automobiles and household, hemp paper used for packaging, fine arts, business card, journals and stationery.   

On the basis of distribution channels, hemp seed market is segmented by direct and indirect sales. By indirect sales it can be obtained by online, modern trade format, convenience stores, departmental stores, retails and others.

Geographically hemp seed are consumed and produced maximum in North America, Middle East and Africa, Latin America, Asia-Pacific, Western Europe, Eastern Europe, and Japan. North America is expected to lead the regional hemp seeds market. According to the consumption, Western Europe is expected to hold second largest market share in hemp seeds market. Asia-Pacific is projected to be the fastest growing region, due to the increased demand for hemp seeds from India and China.

Not many people around the world know about the health benefits of hemp seeds and hence the growth of hemp seeds market is bit at a slower rate. The hemp seed market is growing at a significant rate over the forecast period due to growing health and nutritional rich benefits.

Hemp seeds market Drivers, Restraints and Trends

There are many different advantages and benefits of consuming hemp seeds such as Hemp seeds are easily digested by the body and is one of the most nutritious foods available in nature. Hemp seeds contain a blend of easily digested protein, essential fats (omega 3&6), Gama Linolenic Acid (GLA), antioxidants, amino acids, fiber, iron, zinc, carotene, phospholipids, phytosterols, vitamin B1, vitamin B2, vitamin B6, vitamin D, vitamin E, chlorophyll, calcium, magnesium, sulfur, copper, potassium, phosphorus, and enzymes. The omega fats supplied by the seeds provides sufficient and continuous energy throughout the day. More digestible protein than meat, eggs, cheese, human milk, cow milk, or any other high protein food. The nutritional enrich and beneficial properties of hemp seeds are driving the hemp seeds market. These are rich in vitamin E. Can be eaten by those person who are unable to tolerate nuts, gluten, lactose or sugar. There are no known allergies to hemp foods till now. If substituted saturated fats with hemp seeds, the chances of fatal cardiac arrhythmia or heart attack can be reduced drastically. Hemp seeds reduces the amount of cholesterol in the body, thereby removing fat build-up in the arteries.

Hemp seeds contain- All 20 amino acids, including the 9 essential ones (EAA’s) which our body cannot produce. A high protein percentage of simple proteins which strengthen immunity and reduces toxic substances. These seeds consumed in any form could heal immune deficiency diseases. Nature’s highest botanical source of fatty acids. A superior vegetarian source of protein considered easily digestible. A rich source of phytonutrients which protects immunity, blood stream, tissues, cells, skin and mitochondria.

Key players of Hemp seeds

 Some of the prominent and famous suppliers and manufacturers of hemp seeds are:- Navitas Naturals, Hemp Oil Canada, North American Hemp and Grain co., Kenny delights, Manitoba, Harvest Hemp Foods, Green source organics, CHII Naturally Pure Hemp, GFR Ingredients Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hemp Seeds Market

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