Overview
Global hemp extracts market reached US$ 3.81 billion in 2024 and is expected to reach US$ 6.75 billion by 2032, growing with a CAGR of 7.41% during the forecast period 2025-2032.
Hemp extract, derived from the entire hemp plant, contains a variety of phytocannabinoids, including cannabidiol (CBD), terpenes, flavonoids and over 400 other naturally occurring chemical compounds. Many consumers believe these compounds work synergistically to enhance the therapeutic benefits of CBD, contributing to the widespread appeal of hemp-based products. Increasing consumer demand for natural wellness products expands the market growth.
Regulatory changes are also paving the way for greater market access and growth. With the legal status of hemp products evolving, particularly in North America and Europe, opportunities for large-scale cultivation, production and distribution are expanding. For instance, in 2024, The legal status of CBD (cannabidiol) in the European Union, including Poland, has been a topic of debate and regulatory uncertainty for years. As one of the main compounds found in the Cannabis sativa L. plant, CBD is gaining popularity across various industries. It is commonly used in dietary supplements, cosmetics, hemp products, and medical devices.
Global Hemp Extracts Market Trend
The global hemp extracts market is witnessing several key trends that are shaping its rapid growth and diversification. One of the most prominent trends is the increasing consumer shift toward natural and plant-based wellness products, particularly those containing cannabidiol (CBD), which is driving demand for hemp extracts in both developed and emerging markets.
This trend is reinforced by growing awareness of the therapeutic benefits of hemp-derived compounds in managing stress, anxiety, chronic pain, and sleep disorders. Another notable trend is the rising adoption of hemp extracts in the food and beverage industry, with the introduction of CBD-infused drinks, snacks, and dietary supplements gaining popularity among health-conscious consumers.
Market Scope
| Metrics | Details |
| By Type | Full-spectrum, Broad-spectrum |
| By Source | Flowers, Leaves, Stalks |
| By Extraction Method | CO2 Extraction, Solvent-Based Extraction, Steam Distillation, Cold-Press Extraction |
| By Application | Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Nutraceuticals Animal Care, Others |
| By Region | North America, South America, Europe, Asia-Pacific, Middle East and Africa |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth |
Dynamics
Advancing Extraction Technology
The global hemp extract market is rapidly expanding, driven by the growing demand for high-quality cannabidiol (CBD) and other hemp-derived products. The extraction process is a critical stage that directly impacts both yield and purity. With over 500 natural compounds in Cannabis sativa L., the choice of extraction method among supercritical fluid extraction, microwave-assisted extraction or mechanical pressing greatly influences the efficiency, cost-effectiveness and final product quality.
Approximately about 60% of cannabinoids are lost during extraction, selecting the right technology is key to maximizing returns in this high-value industry. With numerous extraction methods available, producers are continuously looking for the most efficient and sustainable options. Advanced techniques such as ultrasound-assisted extraction and supercritical fluid extraction offer superior yield and purity, meeting the rising market demand for potent hemp extracts.
Cost and Pricing Concerns
The high cost of hemp extracts is a significant restraint on the global market, with premium products like CBD oils, tinctures and isolates being particularly expensive due to the costs of raw materials, sophisticated extraction techniques and extensive quality testing. These expenses are often passed down to consumers, making hemp-based products less accessible to a broader demographic.
In regions where economic conditions are strained or where consumers have limited understanding of the benefits of hemp extracts, the high price point creates a barrier to widespread adoption, as many consumers view these products as a luxury or non-essential. Additionally, the cost issue is exacerbated in markets with lower disposable incomes, where affordability becomes a critical factor in purchasing decisions.
Segment Analysis
The global hemp extracts market is segmented based on type, source, extraction method, application and region.
Food & Beverages Industry’s Strategic Use of Hemp Extracts Driving Market Expansion
The food and beverages segment plays a pivotal role in driving the growth of the global hemp extracts market, fueled by increasing consumer demand for functional and health-enhancing foods. Hemp-derived ingredients such as CBD oil, hemp seed oil, and hemp protein are increasingly being incorporated into a wide array of consumables including energy drinks, protein bars, gummies, teas, and even baked goods.
For instance, in 2024, Samson Extracts, an Alabama-owned and operated manufacturer of bulk cannabidiol (CBD) ingredients and one of the top ten hemp processors by biomass extraction volume in the US, announced that it is expanding its product offerings to include bulk isolate extraction and manufacturing, available internationally.
Additionally, in 2025, Boston Hemp Inc., had launched new line of premium THCa concentrates, now available to consumers nationwide. The new lineup includes THCa dabs, THCa shatter, THCa diamonds, badder, and isolate powder—delivering a high-potency experience for both recreational and wellness-minded users. Thus, above factors helps to boost the market growth.
Geographical Penetration
Europe Rapid Growth in the Hemp Extracts Market Driven by Health Trends and Innovation
Europe dominates the global hemp extracts market due to its progressive regulatory framework, increasing investment in hemp cultivation, and growing consumer preference for natural wellness products. The European Union has recognized industrial hemp (with less than 0.3% THC) as an agricultural product, enabling farmers to cultivate hemp legally and benefit from subsidies under the Common Agricultural Policy (CAP).
Companies such as Cibdol (Switzerland), Endoca (Netherlands), and Nordic Oil (Germany) have emerged as key players, offering a wide range of full-spectrum and broad-spectrum hemp extracts through both retail and e-commerce platforms. Moreover, the European Food Safety Authority (EFSA) has begun evaluating CBD under its novel food regulation, which, once approved, is expected to further legitimize and expand the market.
Sustainability Analysis
Sustainability is a core strength of the global hemp extracts market, making it increasingly attractive in a world shifting toward environmentally responsible consumption. Hemp is widely recognized as one of the most sustainable crops, requiring minimal water, no synthetic pesticides, and a short growing cycle of 3–4 months.
Its deep root system helps prevent soil erosion and improve soil health, while the plant itself absorbs large amounts of CO₂ during growth—up to 15 tons per hectare—making it a natural carbon sink. This environmental profile makes hemp cultivation ideal for companies aiming to reduce their agricultural footprint and meet corporate sustainability goals.
Competitive Landscape
The major global players in the market include Cannavedic Private Limited, GVB Biopharma, Superior Supplement Manufacturing, Qurist, Hemp Health Private Limited, Cannarma, Beyond Botanicals LLC, Phasex Corporation, Treadwell Farms, Hempstrol, Arvanna LLC and among others.
Key Developments
In June 2024, DSM-Firmenich launched CBtru, a CBD drug intermediate that enables higher drug loading and better bioavailability for oral Extraction Method s like tablets and chewables, improving convenience and patient-friendliness.
In June 2024, NOW Solutions launched three new CBD topicals: CBD Joint & Muscle Cream, CBD Balm and CBD Massage Oil. These products are Extraction Method ulated with broad-spectrum hemp extract and a blend of botanical ingredients to support muscles, joints and skin.
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Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies
