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Organic Hemp Market Trends

Report ID: GMI5325
Published Date: Sep 2024
Report Format: PDF

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Organic Hemp Market Trends

The market is expected to witness robust growth through 2032, driven by the increasing adoption of organic hemp in the textile and fashion industries. As consumers become more environmentally conscious, there is a growing preference for sustainable fibers like hemp, which is known for its durability, biodegradability, and minimal environmental impact.

The trend toward sustainable fashion is encouraging designers and brands to incorporate hemp fibers into their collections, thereby fueling market demand. Additionally, the use of hemp in personal care products is on the rise, with hemp oil being recognized for its moisturizing and anti-inflammatory properties. This trend is expected to further drive the market as consumers increasingly seek natural and organic skincare solutions.

For instance, In July 2023, Ecofibre, an Australian biotechnology company, secured an agreement to supply a specialized hemp yarn to the global sports brand Under Armour Inc. for use in its performance apparel line. The deal, facilitated by Ecofibre's specialty manufacturing subsidiary Hemp Black, will enable the supply of a unique yarn made with its trademarked eco6 hemp charcoal over three years.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of organic hemp reached USD 146 million in 2023 and is set to expand at over 13.4% CAGR from 2024 to 2032, led by a rising demand for organic and sustainable products, particularly in the health & wellness sector.

The hemp fiber segment is poised to exhibit over 13% CAGR through 2032, owing to its increasing use in the textile industry due to its strength, durability, and eco-friendly nature.

Asia Pacific market will be valued at USD 129 million by 2032, driven by the expanding cultivation of hemp in countries like China and India, where favorable climatic conditions and government support are encouraging the production of organic hemp.

Kemin Industries, Organicway Inc., Linwoods, Manitoba Harvest Hemp Foods, Connoils LLC, Bioriginal Food & Science Corp., The Tonik, Lotus Organics+, Pocono Organics, and Qemp Zero Peppermint.