Hemp Derivatives Market to grow at a CAGR of 4.83% during 2025 to 2035; Driven by Rising Demand for Hemp-Based Products and Increasing Applications of Hemp Derivatives

Hemp Derivatives Market Highlights

The Global Hemp Derivatives Market Size was estimated at 4776.17 USD Million in 2024. The Hemp Derivatives industry is projected to grow from 5061.58 USD Million in 2025 to 8059.86 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.83% during the forecast period 2025 - 2035. The global market is expected to be lucrative for the active vendors owing to the rising use of hemp derivatives in animal feed, biofuel, and bioplastics, among others. Market players are investing in R&D and introducing pet food products such as pet treats made from hemp. For instance, in September 2021, EastWest Bioscience, a Canadian hemp-based products manufacturer, launched the hemp-based pet products brand Natural Pet Science to cater to the rising demand for health-conscious pet treats. Additionally, the legalization of hemp in several countries has propelled market players to invest in the hemp derivatives market and expand their presence across the globe.

Market USP

Health benefits associated with hemp-based products

Growth Opportunities in the Market

• Growth of the Food & Beverage Industry: Intensive research on hemp and its effect on human and animal health has led to the legalization of hemp in several countries. Hemp contains trace amounts of tetrahydrocannabinol (THC) and has proven to be beneficial as an anti-depressant, anti-inflammatory, antioxidant, and anti-carcinogenic. Owing to such benefits, the demand for hemp derivatives such as seed, oil, powder, and hemp-derived CBD oil is increasing in various food & beverage applications including snacks, beverages, dairy products, frozen desserts, and bakery products. The growth of the global food & beverage industry is expected to offer profitable growth opportunities to the market players by opening up new investment pockets.

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Key Players

• Hemp Oil Canada (Canada)


• GenCanna Global USA, Inc. (US)


• Ecofibre (Australia)


• MH Medical Hemp GmbH (Germany)


• Konoplex LLC (Russia)


• Canopy Growth Corporation (Canada)


• HempFlax Group B.V. (Netherlands)


• HemPoland (Poland)


• Bafa Neu GmbH (Germany)


• Hempco Inc. (Canada)


• Dutch Hemp Group (Netherlands)


• Colorado Hemp Works, LLC (US)