Global Hemp Seed Oil Market to Reach US$237.9 Million by 2030

The global market for Hemp Seed Oil estimated at US$112.6 Million in the year 2024, is expected to reach US$237.9 Million by 2030, growing at a CAGR of 13.3% over the analysis period 2024-2030. Cold-Pressed Type, one of the segments analyzed in the report, is expected to record a 11.0% CAGR and reach US$131.2 Million by the end of the analysis period. Growth in the Refined Type segment is estimated at 16.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$30.7 Million While China is Forecast to Grow at 17.4% CAGR

The Hemp Seed Oil market in the U.S. is estimated at US$30.7 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$49.6 Million by the year 2030 trailing a CAGR of 17.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.9% and 11.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR.

Global Hemp Seed Oil Market – Key Trends & Drivers Summarized

Why Is Hemp Seed Oil Emerging as a Health and Wellness Trend?

Hemp seed oil is gaining widespread recognition as a superfood and natural remedy due to its high concentration of essential fatty acids, antioxidants, and anti-inflammatory properties. Extracted from the seeds of the hemp plant, this oil is rich in omega-3 and omega-6 fatty acids, making it a valuable addition to diets focused on heart health, brain function, and skin nourishment. Unlike CBD oil, hemp seed oil contains negligible amounts of cannabinoids, allowing it to be freely sold and incorporated into various food, cosmetic, and wellness products. The growing consumer awareness of its nutritional benefits has led to increased use of hemp seed oil in salad dressings, smoothies, and plant-based dairy alternatives. Additionally, the natural skincare and cosmetics industry has embraced hemp seed oil as a key ingredient in moisturizers, serums, and anti-aging formulations. As consumer preferences shift toward natural and organic health products, the demand for hemp seed oil continues to grow.

How Are Innovations Expanding the Use of Hemp Seed Oil?

The hemp seed oil industry is experiencing rapid innovation, with manufacturers exploring new extraction methods, product formulations, and applications to enhance market appeal. Cold-press extraction techniques have been optimized to retain the oil’s nutritional properties, while refining processes have improved its taste and texture for culinary applications. The rise of functional beverages has led to the incorporation of hemp seed oil in energy drinks, herbal teas, and plant-based milk alternatives. Additionally, the cosmetic industry is leveraging nanotechnology to improve the absorption and effectiveness of hemp seed oil in skincare formulations. New product developments, such as hemp-infused nutritional supplements and pet wellness products, are also expanding the market. These innovations are broadening the consumer base for hemp seed oil, making it a versatile and sought-after product in the health and wellness sector.

Why Is Demand for Hemp Seed Oil Increasing Across Industries?

The rising demand for hemp seed oil is being fueled by the health-conscious consumer shift toward plant-based nutrition, the growth of the natural skincare market, and the increasing adoption of hemp-derived ingredients in food and beverage manufacturing. Consumers are seeking out hemp seed oil for its anti-inflammatory and heart-healthy benefits, driving sales in health food stores and online marketplaces. The personal care and cosmetics industry is another major driver, as more brands incorporate hemp seed oil into organic skincare and haircare formulations. Additionally, the pharmaceutical and nutraceutical industries are exploring hemp seed oil for its potential therapeutic applications, further boosting its demand. As hemp cultivation becomes more widespread due to favorable regulations, the availability and affordability of hemp seed oil are improving, reinforcing market expansion.

What Are the Key Factors Driving the Growth of the Hemp Seed Oil Market?

The growth in the hemp seed oil market is driven by several factors, including increasing consumer awareness of hemp’s nutritional and therapeutic benefits, advancements in extraction technology, and the expansion of hemp cultivation due to legislative support. The demand for clean-label, organic, and non-GMO products is further propelling market growth, as consumers seek plant-based alternatives with minimal processing. The growing preference for natural skincare solutions is also a significant driver, with hemp seed oil being recognized for its moisturizing, anti-aging, and anti-inflammatory properties. Additionally, the expansion of e-commerce and digital marketing strategies has made hemp seed oil more accessible to a global audience. The continued investment in research and development of hemp-based food, wellness, and cosmetic products is expected to sustain long-term growth in the hemp seed oil market.