Hemp Seed Cakes Market Size, Share, Growth, and Industry Analysis, By Types (Organic Hemp Seed Cakes, Hulled Hemp Seed Cakes, Others) , Applications (Animals Feed, Hemp Protein Powder, Others) and Regional Forecast to 2032

Hemp seed cakes market Size

The global hemp seed cakes market was valued at USD 62.65 million in 2023 and is projected to reach USD 66.53 million by 2024, growing to USD 106.6 million by 2032, with a CAGR of 6.2% during the forecast period (2024-2032).

The US hemp seed cakes market, an important driver of this growth, is fueled by rising demand for plant-based protein sources in animal feed and human nutrition due to hemp seed cakes' high nutritional value. Increasing awareness of sustainable and organic farming practices is further supporting market expansion in the United States, where regulatory changes and consumer trends favor eco-friendly, high-protein food sources.

Hemp Seed Cakes Market Growth 

The hemp seed cakes market is experiencing considerable growth, driven by a convergence of health-conscious consumer preferences, sustainability trends, and the increased recognition of hemp's nutritional benefits. As more industries recognize the versatile applications of hemp seed cakes, the market is set to witness significant expansion. The hemp seed cakes market size is expected to grow as demand rises across several sectors, from food and beverage to animal feed and personal care. This growth trajectory is supported by favorable government policies, increasing investment in sustainable agriculture, and research advancements in hemp-based products. Hemp seed cakes, primarily a by-product of hemp seed oil extraction, are highly regarded for their rich protein, fiber, and essential fatty acid content, making them an ideal ingredient in various applications.

Consumers are increasingly focusing on plant-based, protein-rich diets, and hemp seed cakes are becoming a popular choice. As a result, demand for hemp seed cakes is anticipated to rise in the global market, particularly among health-focused consumers and vegan populations. Hemp seed cakes are high in proteins, essential amino acids, and omega-3 fatty acids, which makes them a suitable ingredient for high-protein snacks, protein powders, and other functional foods. As more consumers understand the benefits of incorporating hemp-derived products into their diet, the hemp seed cakes market is expected to see robust growth in the food and beverage sector.

Environmental sustainability is another factor boosting the growth of the hemp seed cakes market. Hemp cultivation is highly sustainable, as it requires minimal pesticides, grows quickly, and can thrive in diverse soil types. Hemp plants also contribute positively to soil health, helping to regenerate degraded lands. As businesses increasingly adopt environmentally-friendly practices, the demand for sustainable and eco-friendly products like hemp seed cakes is on the rise. Additionally, government support for sustainable agricultural practices is fueling the growth of the hemp industry, ultimately driving the hemp seed cakes market forward.

Recent technological advancements are transforming the hemp seed cakes market. Innovations in hemp processing and extraction techniques have enhanced the quality and functionality of hemp seed cakes, allowing manufacturers to cater to more specific consumer needs. For example, precision processing methods ensure that hemp seed cakes retain maximum nutritional value while minimizing undesirable residues. These innovations are opening new avenues in the food and nutraceutical markets, where hemp seed cakes are gaining traction as an ingredient for high-value dietary products. As processing technologies continue to evolve, the market for hemp seed cakes is likely to expand further, with manufacturers capitalizing on the growing consumer demand for nutrient-dense, plant-based foods.

The animal feed industry represents a substantial growth opportunity for the hemp seed cakes market. Hemp seed cakes, rich in protein and essential nutrients, are increasingly being used as a feed ingredient for livestock and pets. With growing awareness of animal nutrition and welfare, farmers are opting for more nutritious and sustainable feed options. Hemp seed cakes provide a cost-effective alternative to traditional feed components like soy, offering similar, if not superior, nutritional benefits without the environmental downsides associated with conventional animal feed crops. As demand in the animal feed industry rises, the hemp seed cakes market is poised to capture a larger share of this segment.

The hemp seed cakes market is expanding geographically, with North America, Europe, and Asia-Pacific emerging as key regions. North America leads in terms of consumption and production, spurred by a high demand for natural ingredients and favorable government regulations regarding hemp production. In Europe, hemp seed cakes are becoming popular in health foods and nutraceuticals, driven by a growing focus on plant-based diets. Asia-Pacific, with its expanding food processing industry and increasing adoption of sustainable agricultural practices, is expected to emerge as a high-growth region for the hemp seed cakes market. The regional diversification and increased global demand underscore the future growth outlook for the hemp seed cakes market.

Hemp Seed Cakes Market Trends

The hemp seed cakes market is characterized by a range of trends, each reflecting the evolving preferences of consumers and businesses alike. One prominent trend is the increasing incorporation of hemp seed cakes in the formulation of plant-based and high-protein foods, which aligns with the broader consumer shift towards healthier, sustainable diets. Another trend is the rise of hemp-based protein powders, driven by the increasing popularity of fitness and wellness lifestyles. Consumers seeking plant-based protein sources are increasingly attracted to hemp seed cakes due to their rich nutritional profile and sustainable sourcing.

Additionally, the rise in veganism and vegetarianism globally is boosting the market. Hemp seed cakes are used in a variety of vegan products, from protein bars to alternative meat products. With consumers actively seeking vegan options, companies are exploring innovative ways to include hemp seed cakes in their product lines, thereby expanding the range of vegan and vegetarian products available in the market.

In the cosmetics and personal care industry, there is a notable trend towards natural ingredients, with hemp seed cakes being incorporated into various products. The natural compounds found in hemp seed cakes are valued for their potential skin-soothing and anti-inflammatory effects. As a result, an increasing number of skincare brands are exploring hemp seed cakes as a key ingredient in organic skincare and beauty products, a trend that reflects the rising consumer interest in natural, functional cosmetics.

Hemp Seed Cakes Market Dynamics

Drivers of Market Growth

Several factors are driving the growth of the hemp seed cakes market. A key driver is the increasing consumer awareness of health and nutrition. Hemp seed cakes are high in proteins, omega-3 and omega-6 fatty acids, and other essential nutrients, making them an attractive choice for health-conscious consumers. This nutrient density has positioned hemp seed cakes as a popular ingredient in functional foods and dietary supplements, catering to consumers who are seeking convenient and nutritious options.

The global shift towards sustainable and eco-friendly products is another major growth driver. Hemp cultivation is less resource-intensive than traditional crops, requiring less water and pesticides, and it also contributes positively to soil health. As the environmental impact of conventional agriculture comes under scrutiny, consumers and businesses are seeking alternatives, and hemp seed cakes are emerging as a sustainable solution.

Additionally, the expansion of hemp-based applications in various industries, including food and beverage, animal feed, and personal care, is driving market growth. In the food and beverage industry, hemp seed cakes are being used as a protein source, while in the animal feed industry, they provide a nutritious option for livestock and pets. The personal care industry is also leveraging the unique properties of hemp seed cakes in skincare and haircare products.

Market Restraints

The hemp seed cakes market faces several restraints that could slow its growth potential. One of the primary restraints is the inconsistent regulatory framework surrounding hemp products, which varies significantly across regions. In many countries, hemp production and processing remain highly regulated, limiting the availability and distribution of hemp seed cakes. Despite the growing demand for hemp-based products, regulatory limitations in certain areas can create obstacles for market expansion. This inconsistency forces manufacturers and distributors to navigate complex legal landscapes, often resulting in higher compliance costs and potential delays in market entry.

Additionally, limited consumer awareness about hemp seed cakes and their benefits acts as a restraint. While hemp-based products are gaining popularity, there is still a lack of widespread understanding about the nutritional value and applications of hemp seed cakes. Many consumers remain cautious due to the historical association of hemp with psychoactive substances, which can create a negative perception despite the fact that hemp seed cakes contain no THC. This perception gap necessitates consumer education efforts, which can be costly and time-consuming for companies operating in the hemp seed cakes market.

Another restraint is the limited availability of high-quality raw materials, as the hemp industry is still in its developmental stages in some regions. The lack of large-scale hemp cultivation limits the supply chain, making it challenging for manufacturers to produce hemp seed cakes at scale. Additionally, weather dependencies and variations in hemp seed quality due to different farming practices can affect production consistency. Price volatility in hemp seeds further complicates production costs, which can impact product pricing and consumer affordability, particularly for price-sensitive markets.

Market Opportunities

The hemp seed cakes market is poised to capitalize on several significant opportunities in the coming years. One of the most prominent opportunities lies in the increasing demand for plant-based proteins and functional foods. As more consumers adopt plant-based diets, hemp seed cakes stand out as an excellent source of protein, essential fatty acids, and fiber. This trend is expected to drive growth in the food and beverage sector, where hemp seed cakes can be used in protein powders, energy bars, and snacks. Manufacturers have a unique opportunity to innovate with hemp-based products to cater to health-conscious and environmentally aware consumers.

There is also an opportunity for market expansion in the animal feed industry. As livestock nutrition becomes a focal point for animal welfare, hemp seed cakes are being recognized for their high protein content and nutritional benefits, making them a suitable feed option for livestock and pets. This demand, particularly for organic and sustainable feed ingredients, presents a substantial growth opportunity for hemp seed cake producers. Additionally, as governments promote sustainable agriculture and livestock practices, the hemp seed cakes market can expand its reach within the animal feed industry.

The cosmetics and personal care sectors also present growth opportunities, as consumers increasingly seek natural, eco-friendly, and functional skincare products. Hemp seed cakes are rich in fatty acids and other beneficial compounds, making them an appealing ingredient in personal care formulations. Companies in the cosmetics industry can leverage this trend by incorporating hemp seed cakes in products that align with the natural skincare movement, thereby expanding the hemp seed cakes market into a high-potential sector.

Market Challenges

Despite the promising outlook, the hemp seed cakes market faces a range of challenges. One key challenge is the limited scalability of hemp production in many regions. Since hemp cultivation is still emerging in numerous countries, the industry lacks the infrastructure to support large-scale production, making it difficult for companies to meet increasing demand consistently. Supply chain inefficiencies, limited seed variety, and high production costs all contribute to this scalability challenge, limiting the market’s ability to expand rapidly.

Another challenge in the market is competition from other plant-based proteins. Although hemp seed cakes are a nutritious protein source, they face strong competition from well-established alternatives like soy, pea, and rice proteins. These alternatives are often more readily available, and the infrastructure for their production and processing is more advanced than that of hemp. Consequently, hemp seed cakes must differentiate themselves on unique nutritional qualities and sustainable sourcing to compete effectively in the protein supplement market.

The stigma surrounding hemp products also remains a significant hurdle. While hemp seed cakes contain no psychoactive substances, many consumers still associate them with cannabis, which can impact market acceptance. Overcoming this stigma requires substantial consumer education and marketing efforts. Lastly, price sensitivity poses a challenge in regions with low disposable incomes, where consumers may prioritize cost over nutritional benefits, making hemp seed cakes a more challenging option in these markets.

Segmentation Analysis

The hemp seed cakes market can be segmented based on type, application, and distribution channel, each catering to different consumer needs and preferences. By analyzing these segments, businesses can better understand consumer demands and develop strategies to capture growth opportunities effectively.

By Type:

Hemp seed cakes come in various types, each catering to different uses in agriculture and food production. Cold-pressed hemp seed cakes are the most common, produced after oil extraction, and are rich in protein and fiber, making them ideal for animal feed.

Hemp seed cakes with added flavors or nutrients are also available for specialized uses, such as in organic farming or as a supplement in human food products. These types offer a range of benefits for both livestock nutrition and sustainable farming practices.

By Application:

Hemp seed cakes have various applications, including food and beverage, animal feed, and personal care products. In the food and beverage industry, hemp seed cakes are used in protein supplements, energy bars, and as ingredients in functional foods. This application segment is driven by the growing demand for plant-based protein sources and the health benefits associated with hemp.

The animal feed segment is gaining popularity as hemp seed cakes provide a nutrient-dense alternative to traditional feed components, benefiting both livestock health and environmental sustainability. Hemp seed cakes are especially popular in regions focusing on organic and sustainable livestock practices, and this trend is expected to continue as awareness of animal nutrition grows.

In the personal care industry, hemp seed cakes are used in skincare and haircare products due to their natural fatty acid content. This segment is gaining traction with the rise in demand for natural cosmetics and personal care items, particularly in the North American and European markets.

Hemp Seed Cakes Market Regional Outlook

The regional outlook for the hemp seed cakes market is shaped by varying levels of market maturity, regulatory landscapes, and consumer awareness across regions.

North America:

North America leads the global hemp seed cakes market, driven by a well-established hemp industry and supportive government policies. The U.S. and Canada are key players, with strong consumer awareness about the health benefits of hemp products. The increasing demand for plant-based proteins and sustainable products has further propelled growth in this region.

Europe:

Europe is another significant market for hemp seed cakes, particularly in countries like Germany, France, and the UK. Consumers in this region are increasingly shifting towards organic and plant-based diets, which has fueled demand for hemp seed cakes. The European Union’s regulatory support for sustainable agricultural practices also fosters market growth.

Asia-Pacific:

Asia-Pacific is emerging as a promising market, especially in countries like China, Japan, and Australia, where demand for plant-based and functional foods is on the rise. Growing awareness of hemp’s nutritional benefits, coupled with an expanding food processing industry, is expected to drive market growth in this region over the coming years.

Middle East & Africa:

The Middle East and Africa represent a developing market with potential for growth in the hemp seed cakes segment. As consumer awareness increases and more countries explore sustainable agriculture, the demand for hemp-based products is likely to grow, albeit at a slower pace than in more established markets.

List of Key Hemp Seed Cakes Companies Profiled

• Manitoba Harvest – Canada, $30 million (2021)
• Aurora Cannabis – Canada, $240 million (2021)
• Suyash Herbs – India, revenue data not disclosed
• Canah International – Romania, $5 million (2021)
• Aos Products – India, revenue data not disclosed
• North American Hemp & Grain Co. – Canada, $10 million (2021)
• Deep Nature Project – Austria, $12 million (2021)
• BAFA neu GmbH – Germany, $8 million (2021)
• GFR Ingredients – Canada, $15 million (2021)
• Navitas Organics – USA, $20 million (2021)
• Green Source Organics – USA, revenue data not disclosed
• Naturally Splendid – Canada, $2 million (2021)
• HempFlax – Netherlands, $18 million (2021).

Covid-19 Impacting Hemp Seed Cakes Market

The Covid-19 pandemic significantly impacted the hemp seed cakes market, creating both challenges and opportunities for industry players. Lockdowns, supply chain disruptions, and fluctuating consumer demand patterns collectively influenced the market’s growth trajectory. At the onset of the pandemic, many hemp producers faced obstacles in sourcing raw materials and maintaining production schedules due to restrictions on transportation and labor shortages. These disruptions affected the availability of hemp seed cakes, leading to supply shortages and price fluctuations that impacted market stability.

As consumer spending patterns shifted, there was an initial decline in demand for non-essential products, which included hemp-based products in some regions. However, as awareness of health and wellness increased, consumers began seeking nutrient-rich foods to support their immune systems, leading to a renewed interest in products like hemp seed cakes. This shift drove increased demand for hemp seed cakes as consumers sought plant-based protein sources and functional foods with proven health benefits.

On the production side, the pandemic highlighted the need for diversified and resilient supply chains. Many companies in the hemp seed cakes market reevaluated their sourcing strategies and invested in local supply chains to minimize future disruptions. The challenges also underscored the importance of technology in production, with some companies adopting automation and digital tools to manage production efficiently despite workforce limitations. As a result, these adjustments are expected to fortify the hemp seed cakes market’s resilience against future disruptions.

The pandemic also led to an increase in e-commerce channels as physical retail stores faced closures or restrictions. Consumers turned to online shopping for convenience and safety, leading hemp seed cake producers to strengthen their digital presence and direct-to-consumer models. This shift not only allowed companies to reach a wider audience but also provided insights into consumer preferences, enabling targeted marketing strategies that align with current wellness trends. This increased online visibility helped the hemp seed cakes market recover and even thrive in some regions despite the pandemic's initial impact.

Investment Analysis and Opportunities

The hemp seed cakes market presents attractive investment opportunities driven by rising demand for plant-based proteins, sustainable food options, and functional foods. Investors are increasingly drawn to the market’s potential, as consumers worldwide prioritize health and sustainability in their purchasing decisions. One of the main areas of investment is in expanding hemp cultivation, particularly in regions with favorable climates and government support for sustainable agriculture. Such investments can strengthen the supply chain and ensure a steady supply of high-quality hemp seed cakes.

In addition to cultivation, investment in processing technology is crucial. Advanced extraction and processing methods can enhance the nutritional profile of hemp seed cakes, increasing their appeal in the competitive plant-based protein market. Companies that invest in these technologies can differentiate their products based on quality and functionality, gaining a competitive advantage. Furthermore, research and development (R&D) efforts focusing on product innovation offer investors a unique opportunity to support the creation of new hemp-based products in the food, animal feed, and personal care sectors, diversifying the applications of hemp seed cakes.

Another significant investment opportunity lies in expanding distribution channels. The shift towards online retail offers a valuable avenue for reaching health-conscious consumers, and investments in digital marketing, e-commerce platforms, and logistics infrastructure are critical. Companies with robust online sales strategies are better positioned to tap into the rising demand for hemp-based products and adapt to changing consumer behaviors.

Additionally, investors are increasingly interested in companies with strong sustainability practices, as environmental, social, and governance (ESG) considerations become more central to investment decisions. Hemp cultivation is eco-friendly, requiring less water and no pesticides, which aligns with ESG goals. Investments in companies that prioritize sustainability, such as those focusing on organic hemp farming or regenerative agriculture, are likely to experience long-term growth as consumers increasingly support eco-conscious brands.

Recent Developments

• Expansion of Online Sales Channels: As e-commerce surged during and after the Covid-19 pandemic, many hemp seed cake companies launched or expanded their online stores to reach a global customer base.
• Introduction of Hemp-Based Supplements: Companies are capitalizing on the growing nutraceuticals market by introducing hemp seed cake-based supplements, targeting consumers interested in plant-based proteins and immune-boosting products.
• Increased Focus on Organic Certification: To cater to environmentally-conscious consumers, several producers have secured organic certifications, allowing them to offer premium products at a higher price point.
• Research and Development in Functional Foods: Industry leaders are investing in R&D to incorporate hemp seed cakes into functional foods, including high-protein snacks, meal replacements, and fortified foods.
• Expansion into Personal Care Products: Recognizing the appeal of hemp's natural compounds, companies are introducing hemp seed cake-based ingredients in skincare and cosmetics, capitalizing on the clean beauty trend.
• Collaborations and Partnerships: To improve market reach and distribution efficiency, several companies have formed partnerships with established retailers, expanding their footprint in health food stores and specialty retailers.

Report Coverage of Hemp Seed Cakes Market

The report on the hemp seed cakes market provides a comprehensive analysis of market trends, competitive landscape, growth opportunities, and regional dynamics. Covering multiple aspects of the market, the report highlights major growth drivers, including rising demand for plant-based proteins, the shift toward sustainable agriculture, and the increasing popularity of functional foods. It provides insights into the regulatory environment impacting the hemp seed cakes market, including policy frameworks in regions such as North America, Europe, and Asia-Pacific.

The report also examines market segmentation by type, application, and distribution channel, offering a detailed understanding of consumer preferences and product demand. Key market restraints, challenges, and opportunities are outlined, helping stakeholders anticipate potential risks and strategic moves. Furthermore, the report includes in-depth profiles of leading companies in the hemp seed cakes market, providing data on revenue, market position, and growth strategies.

New Products

Several companies in the hemp seed cakes market have launched innovative products, expanding the range of applications for hemp seed cakes. High-Protein Hemp Bars have become popular as companies respond to the growing demand for plant-based, on-the-go snacks. These bars offer the nutritional benefits of hemp seed cakes in a convenient format, appealing to fitness enthusiasts and busy consumers seeking functional snacks.

Another new product trend is Hemp-Infused Animal Feed, developed to cater to livestock nutrition needs. These products highlight the high protein and omega fatty acid content of hemp seed cakes, promoting healthier livestock and appealing to farmers focused on organic and sustainable practices. As the demand for alternative animal feed ingredients grows, this product category is expected to gain traction in the agricultural sector.