Canada Industrial Hemp Market Size & Outlook, 2026-2033
Global Market
Related Markets
Canada industrial hemp market highlights
- The Canada industrial hemp market generated a revenue of USD 150.3 million in 2023 and is expected to reach USD 478.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, seeds was the largest revenue generating product in 2023.
- Fiber 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 150.3 million |
| Market revenue in 2030 | USD 478.2 million |
| Growth rate | 18% (CAGR from 2024 to 2030) |
| Largest segment | Seeds |
| Fastest growing segment | Fiber |
| 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, Canada accounted for 2.7% 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 North America, U.S. industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,226.8 million by 2030.
Canada’s hemp market is regulated by Health Canada and production, processing, possession, sale, transportation, delivery and offering for sale of industrial hemp is controlled by Health Canada in Ottawa. Health Canada specifies approved varieties of commercial industrial hemp crops under Industrial Hemp Regulatory Act.
Growing demand for hemp-based products from the country and U.S. along with emerging opportunities related to use of fiber from different industrial applications is expected to increase hemp production in the country.
Increase in country’s national acreage of industrial hemp by over 25% in last few years with around 20 industrial hemp varieties is expected to propel market growth over the forecast period. High protein and fatty acid content of hemp seed having high demand from food, supplements, and personal care sector.
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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 |
Canada 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 71.12% in 2023.
Horizon Databook has segmented the Canada industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s hemp market is regulated by Health Canada and production, processing, possession, sale, transportation, delivery and offering for sale of industrial hemp is controlled by Health Canada in Ottawa. Health Canada specifies approved varieties of commercial industrial hemp crops under Industrial Hemp Regulatory Act.
Growing demand for hemp-based products from the country and U.S. along with emerging opportunities related to use of fiber from different industrial applications is expected to increase hemp production in the country.
Increase in country’s national acreage of industrial hemp by over 25% in last few years with around 20 industrial hemp varieties is expected to propel market growth over the forecast period. High protein and fatty acid content of hemp seed having high demand from food, supplements, and personal care sector.
- Canada Industrial Hemp Market Product Outlook (Revenue, USD Million , 2021-2033)
- Seeds
- Fiber
- Shives
- Canada 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 Canada Industrial Hemp Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Industrial Hemp Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Industrial Hemp Market, 2021-2033 (US$M)
Canada industrial hemp market statistics, by product, 2021-2033 (Tons)
