Once considered illegal and infamous, hemp has made substantial progress in recent years to now being effusively deployed in varied products. To a large extent, this has been possible on account of the changing regulatory scenario which is favoring the cultivation of organic hemp. According to Organic Trade Association, organic cultivation has all the necessary tools for thriving hemp yield and production of associated products.
According to Global Market Insights Inc., organic hemp market size is poised to cross USD 360 million by 2030. Organic hemp production is gaining massive momentum as it benefits the planet by replenishing & maintaining soil fertility and expanding biological diversity. In addition, it helps minimize the use of pesticides & chemicals while providing lucrative opportunities to farmers and manufacturers. Most notably, organic hemp products are available as seed, fiber, and shives. Loaded with proteins, unsaturated fats, fibers, minerals, and vitamins, organic hemp seed oil benefits range from boosting heart health, regulating the immune system, promoting neuroprotection, reducing inflammation, improving skin health, and relieving rheumatoid arthritis.
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The fibers and shives of organic hemp are also used in an array of applications such as pulp & paper manufacturing, building materials, textiles, biocomposites, garden mulch, and animal bedding. The organic hemp industry outlook is expected to remain positive in the forthcoming years, driven by an expansive application spectrum.
A few pivotal trends defining the industry scenario areoutlined below:
#1 Rising cognizance of personal care products with hemp seed oil
Extracted from the seeds and other parts of the plant, hemp oil is gaining traction among beauty product manufacturers. The cold-pressed oil is rich in vitamins, omega, antioxidants, and all known amino acids. It ensures hydration of the skin for a long time, providing a soothing and calming effect. It reduces inflammation, thus treating atopic dermatitis, acne, and other skin conditions. In addition, the oil also possesses anti-aging properties.
To that end, widespread acceptance of organic hemp-based personal care products and the increasing knowledge about organic hemp seed oil benefits will have a profound impact on the growth of this market. There has also been a growing necessity among cosmetic brands to invest in research projects and come up with new hemp seed oil product variants having advanced properties.
#2 Popularity of organic hemp clothing
Processed from the fibers sourced from the plant stalk, organic hemp clothing has long been popular for its tensile strength and durability. The fabric has a texture similar to cotton, with a feel of canvas. It is not prone to shrinkage, is resistant to pilling, and is extremely soft owing to long and sturdy fibers. Hemp clothing is lightweight, enabling breathability and making them ideal for hot climate. As the fabric becomes softer with every wash without being degraded, it has become a sustainable clothing option.
In effect, consumer inclination towards adopting a sustainable lifestyle alongside the high durability of organic hemp clothing as compared to cotton, will bolster the organic hemp market share in the ensuing years.
#3 Favorable regulatory landscape for organic hemp cultivation in North America
Following the consistent efforts by farmers and the OTA (Organic Trade Association), The Hemp Access and Consumer Safety Act was passed in 2021, providing a legal pathway for specific hemp-derived CBD products. As per the act, hemp-derived CBD products can be lawfully used in food & beverages, dietary supplements, and cosmetics, as long as the products comply to consumer safety standards and are properly labeled.
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The increasing implementation of such supportive initiatives by governments and private organizations will have a positive impact on the regional industry expansion. Rising cognizance among consumers about the sustainability and benefits of hemp-based products will also stimulate the growth of North America organic hemp market.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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