Hemp Seed Oil Market By Nature (Organic, Conventional), By Type (Cold-pressed, Refined), By Distribution Channel (Offline, Online), By Region, By Competition Forecast & Opportunities, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 94.91 Million
CAGR (2026-2031)	6.83%
Fastest Growing Segment	Online
Largest Market	North America
Market Size (2031)	USD 141.08 Million

Market Overview

The Global Hemp Seed Oil Market will grow from USD 94.91 Million in 2025 to USD 141.08 Million by 2031 at a 6.83% CAGR. Hemp seed oil is a nutrient rich oil extracted through the cold pressing of hemp seeds and is characterized by its high content of essential fatty acids. The market growth is fundamentally supported by the escalating consumer shift toward plant based nutrition and the extensive application of natural ingredients in the personal care industry. These factors are further reinforced by the increasing legalization of industrial hemp cultivation which provides a broader raw material supply chain.

Despite these drivers, the market faces a substantial challenge regarding the harmonization of international regulatory standards which often creates trade barriers and complicates cross border distribution. According to the Canadian Hemp Trade Alliance, in 2024, the industry reported approximately 50,000 acres of hemp cultivation across Canada. This production volume illustrates the critical reliance on stable agricultural output to satisfy the growing global processing requirements despite the regulatory complexities.

Key Market Drivers

The rising popularity of plant-based and vegan dietary lifestyles is a primary catalyst driving the global hemp seed oil market. Consumers are increasingly prioritizing plant-derived sources of essential fatty acids, specifically Omega-3 and Omega-6, which accelerates the adoption of hemp seed oil in functional foods and nutraceuticals. This shift is characterized by a growing awareness of the oil's complete protein profile and nutritional benefits, distinguishing it from conventional vegetable oils in the health-conscious sector. According to Manitoba Harvest, February 2025, in the '2024 Hemp Truths Report', consumer intent to purchase hemp products increased by 12% year-over-year, reflecting this surging demand for hemp-based nutrition solutions.

Concurrently, the progressive legalization and deregulation of industrial hemp cultivation is expanding the raw material supply chain necessary for consistent oil production. As regulatory frameworks modernize globally, producers can scale operations to meet the manufacturing needs of the personal care and dietary sectors, mitigating previous shortages caused by restrictive agricultural policies. According to the USDA National Agricultural Statistics Service, April 2025, in the 'National Hemp Report', the total planted area for industrial hemp in the United States reached 45,294 acres in 2024, a 64% increase from the previous year. This improved supply stability is crucial for sustaining market value; according to the Manitoba Co-operator, in 2025, annual farm-gate hemp sales in Canada were estimated at approximately $60 million, underscoring the economic scale of the legalized market.

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Key Market Challenges

The lack of harmonized international regulatory standards serves as a primary impediment to the expansion of the Global Hemp Seed Oil Market. While demand for plant-based ingredients is rising, inconsistent policies regarding tetrahydrocannabinol (THC) thresholds and varying classifications of hemp derivatives across jurisdictions create complex trade barriers. A product compliant in one nation may face rejection or stringent re-testing in another due to disparate "novel food" designations or conflicting labeling laws. This regulatory fragmentation forces exporters to navigate a labyrinth of compliance protocols, significantly increasing operational costs and delaying market entry. Consequently, these discrepancies discourage producers from engaging in global trade, effectively limiting the supply chain to regional pockets rather than a seamless international network.

This disconnect directly stifles the economic realization of the sector, preventing the industry from maximizing its revenue potential. Manufacturers are often unable to capitalize on full production capacities because cross-border distribution channels remain unpredictable. According to the Canadian Hemp Trade Alliance, in 2024, farm-gate hemp sales were estimated to be approximately $60 million annually. While this figure indicates established economic activity, the lack of a unified regulatory framework keeps these numbers artificially capped. The market struggles to transition from a domestic commodity to a fluid global exchange, leaving significant value unrealized as stakeholders hesitate to scale operations amidst shifting international compliance mandates.

Key Market Trends

There is a rapid surge in the development of hemp seed oil supplements specifically tailored for the veterinary sector, focusing on products that target anxiety, joint health, and coat condition in dogs and cats. This trend represents a movement beyond generic pet food ingredients toward precise, function-driven formulations that mirror human wellness standards. Manufacturers are increasingly partnering with veterinary professionals to validate these benefits, thereby building consumer trust in hemp's efficacy for companion animals. According to CV Sciences, Inc., March 2025, in the 'Fiscal Year-End 2024 Financial Results', the company reported annual revenue of $15.7 million, a performance supported by the strategic launch of specialized pet chews designed for hip and joint health and expanded distribution through major pet retailers.

Industrial applications are evolving with the use of chemically modified hemp seed oil as a sustainable, non-toxic plasticizer and compatibilizer in the production of biodegradable plastics. This innovation allows manufacturers to replace petroleum-based additives with bio-based alternatives in materials like Polylactic Acid (PLA), significantly reducing the carbon footprint of the polymer industry. The viability of this industrial shift is heavily dependent on the scaling of agricultural output to ensure a consistent supply of oil for chemical processing. According to the National Industrial Hemp Council, April 2025, in its review of the '2024 National Hemp Report', the value of U.S. hemp seed production increased by a dramatic 482% to reach $16.9 million, indicating the massive expansion of the necessary feedstock to support these advanced industrial manufacturing needs.

Segmental Insights

The Online segment is anticipated to register the fastest growth within the Global Hemp Seed Oil Market, primarily due to the rapid expansion of e-commerce infrastructure and shifting consumer preference for digital purchasing. Online platforms provide extensive access to a wider variety of niche hemp products compared to physical retail stores, which often face inventory limitations. Furthermore, digital channels allow consumers to research product origins and verify ingredient transparency more effectively, fostering trust in hemp-derived goods. This convenience and broad market access continue to drive the robust performance of the online distribution channel.

Regional Insights

North America maintains a dominant position in the Global Hemp Seed Oil Market, driven by favorable legislative frameworks and established consumer demand for functional food ingredients. The implementation of the United States Farm Bill legalized industrial hemp production, ensuring a consistent raw material supply. Additionally, the U.S. Food and Drug Administration formally recognized hemp seed oil as Generally Recognized as Safe, which encouraged food and beverage manufacturers to integrate this ingredient into various products. This clear regulatory environment supports the region's continued leadership in product development and market expansion.

Recent Developments

• In June 2025, Manitoba Harvest expanded its wellness product offerings by launching a new line of herbal-infused smoothie boosters exclusively at select Whole Foods Market locations. These new blends combined the nutritional benefits of hemp, such as protein and fiber, with functional herbal extracts to support specific wellness needs like mood, energy, and immunity. The Senior Director of Marketing emphasized that the launch aimed to provide consumers with convenient, health-focused solutions that could be easily integrated into daily routines. This development further solidified the company's position as a global leader in the hemp foods market, leveraging hemp seeds as a core ingredient.
• In September 2024, Victory Hemp Foods announced a significant expansion of its manufacturing operations in Carroll County, Kentucky, supported by a $2.5 million investment. The project involved upgrading the company’s existing facility to meet the increasing industry demand for hemp-based ingredients, including oils and proteins. The expansion was expected to create numerous full-time jobs, ranging from executive roles to manufacturing positions, and further support the regional agricultural economy. The company's Chief Executive Officer highlighted that the investment would enable the delivery of new value-added agriculture products to the market, reinforcing their commitment to the hemp seed sector.
• In March 2024, Protein Industries Canada announced a collaborative project involving HPS Food & Ingredients, Burcon NutraScience, and Puratos Canada to develop high-quality hempseed and sunflower protein ingredients. The initiative aimed to address the growing consumer demand for functional, plant-based food options by leveraging crops grown in Canada. HPS Food & Ingredients focused on assessing hemp crop varieties to identify those best suited for the new ingredients, while also commercializing the necessary processing technology. This partnership was designed to create a new portfolio of hempseed-based products for use in baking, beverages, and meat alternatives, filling a gap in the industry’s value chain.
• In March 2024, Hemp Foods Australia expanded its product portfolio by launching a new plant-based collagen supplement, marking its strategic entry into the beauty-from-within category. The product, designed to support hair, skin, and nail health, was developed in response to consumer demand for non-bovine and non-marine collagen options. The company, which specializes in hemp seeds and oils, formulated the supplement with a blend of vegan ingredients including hemp protein and antioxidants. The Chief Operating Officer noted that the launch aligned with the company's vision of providing functional plant-based alternatives that complement their existing range of hemp food products.

Key Market Players

• Nutiva Inc.
• Sky Organics
• Velona
• Connoills LLC
• Manitoba Harvest
• NP Nutra
• Live Verdure Ltd. - 13 Seeds
• Z-Company
• Bioriginal Food & Science Corp
• Bombay Hemp Company

By Nature	By Type	By Distribution Channel	By Region
Organic Conventional	Cold-pressed Refined	Offline Online	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Hemp Seed Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Hemp Seed Oil Market, By Nature:

• Organic
• Conventional

• Hemp Seed Oil Market, By Type:

• Cold-pressed
• Refined

• Hemp Seed Oil Market, By Distribution Channel:

• Offline
• Online

• Hemp Seed Oil Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE