Brazil Industrial Hemp Market Size & Outlook, 2026-2033
Global Market
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Brazil industrial hemp market highlights
- The Brazil industrial hemp market generated a revenue of USD 89.8 million in 2023 and is expected to reach USD 224.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 14% from 2024 to 2030.
- In terms of segment, seeds was the largest revenue generating product in 2023.
- Seeds is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial hemp market data book summary
| Market revenue in 2023 | USD 89.8 million |
| Market revenue in 2030 | USD 224.0 million |
| Growth rate | 14% (CAGR from 2024 to 2030) |
| Largest segment | Seeds |
| Fastest growing segment | Seeds |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Seeds, Fiber, Shives |
| Key market players worldwide | Marijuana Company of America Inc, Medical Marijuana Inc, Tetra Tech Inc, American Medical Technologies Inc, Hemp Inc, Ecofibre Ltd Ordinary Shares |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global industrial hemp market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 224.0 million by 2030.
The country legalized industrial hemp cultivation for commercial purposes in 2014 for its consumption as a medicinal product in treatment of various conditions. Brazil has a major market for oilseeds and the country allows hemp oil import for Parkinson’s disease, epilepsy, and chronic pain, including migraine headaches. The growing healthcare industry and rising demand for nutritional food products is expected to drive the industrial hemp market in Brazil over the forecast period.
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Publish Date: Mar 30, 2026
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Industrial Hemp Market Scope
Industrial Hemp Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tetra Tech Inc | View profile | 27,000 | 3475 East Foothill Boulevard, Pasadena, CA, United States, 91107 | www.tetratech.com |
| American Medical Technologies Inc | View profile | 14 | 5556 Bear Lane, Corpus Christi, TX, United States, 78405 | - |
| Marijuana Company of America Inc | View profile | 7 | 633 West 5th Street, Suite 2826, Los Angeles, CA, United States, 90071 | www.marijuanacompanyofamerica.com |
| Medical Marijuana Inc | View profile | 85 | 2384 La Mirada Drive, Vista, CA, United States, 92081 | www.medicalmarijuanainc.com |
| Hemp Inc | View profile | - | 7380 S. EASTERN AVE., No. 124-342, Las Vegas, NV, United States, 89123 | www.hempinc.com |
| Ecofibre Ltd Ordinary Shares | View profile | - | 680 George Street, Level 12, Sydney, NSW, Australia, 2000 | www.ecofibre.com |
Brazil Industrial Hemp Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Industrial Hemp Market Outlook will help companies and investors design strategic landscapes.
Seeds was the largest segment with a revenue share of 72.72% in 2023.
Horizon Databook has segmented the Brazil industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
The country legalized industrial hemp cultivation for commercial purposes in 2014 for its consumption as a medicinal product in treatment of various conditions. Brazil has a major market for oilseeds and the country allows hemp oil import for Parkinson’s disease, epilepsy, and chronic pain, including migraine headaches. The growing healthcare industry and rising demand for nutritional food products is expected to drive the industrial hemp market in Brazil over the forecast period.
- Brazil Industrial Hemp Market Product Outlook (Revenue, USD Million , 2021-2033)
- Seeds
- Fiber
- Shives
- Brazil Industrial Hemp Market Application Outlook (Revenue, USD Million , 2021-2033)
- Animal Care
- Textiles
- Automotive
- Furniture
- Food & Beverages
- Paper
- Construction Materials
- Personal Care
- Other
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Industrial Hemp Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Industrial Hemp Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Brazil Industrial Hemp Market, 2021-2033 (US$M)
Brazil industrial hemp market statistics, by product, 2021-2033 (Tons)
