| Product Code: ETC382524 | Publication Date: Aug 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India`s hemp seed import market experienced significant growth in 2024, with top exporters such as Ghana, Benin, Burkina Faso, Côte d`Ivoire, and Togo leading the way. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive landscape dominated by these key suppliers. The impressive compound annual growth rate (CAGR) of 21.18% from 2020 to 2024 illustrates a sustained upward trajectory for the market. Furthermore, the remarkable growth rate of 84.35% from 2023 to 2024 underscores the increasing demand and potential opportunities in the hemp seed import sector for both Indian businesses and international exporters.
The hemp seed market in India was estimated at USD 5 million in 2025 and is expected to grow exponentially over the next few years due to favorable regulatory scenarios along with rising awareness amongst farmers regarding crop benefits associated with it. In addition, the emergence of hemp products such as food supplements, body care products, animal feeds etc has further fuelled its market potential thereby resulting in significant business opportunities.
The hemp seed market in India is experiencing significant growth, primarily due to several key catalysts. The increasing awareness of the nutritional benefits of hemp seeds and their use in various food and health products has driven consumer demand. Moreover, the growing acceptance of hemp-based products for medicinal and therapeutic purposes has opened up new opportunities in the market. Additionally, government initiatives to promote hemp cultivation and the relaxation of regulations surrounding hemp products have further contributed to the market`s expansion.
The India hemp seed market faces several challenges as it navigates through legal and regulatory issues. While hemp cultivation has been permitted for certain purposes, there is still a lack of clarity regarding its full potential and applications. The stigma associated with hemp due to its association with marijuana also poses challenges in terms of public perception and acceptance.
The hemp seed market in India faced challenges during the pandemic due to restrictions on agricultural activities and transportation. Farmers` access to hemp seeds and inputs was limited, affecting cultivation and production. Additionally, the regulatory environment around hemp cultivation and processing also contributed to uncertainties in the market. However, with the growing interest in sustainable and eco-friendly products, there were prospects for the hemp seed market in the long run.
In the emerging hemp seed market, players such as HempCann Solutions Private Limited, Hemp Horizons Pvt. Ltd., Boheco Life, and India Hemp Organics have been at the forefront, exploring the potential of hemp seeds for various applications, including food and industrial uses.