India Industrial Hemp Market Size & Outlook, 2026-2033
Global Market
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India industrial hemp market highlights
- The India industrial hemp market generated a revenue of USD 115.9 million in 2023 and is expected to reach USD 417.6 million by 2030.
- The India market is expected to grow at a CAGR of 20.2% from 2024 to 2030.
- In terms of segment, fiber 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 115.9 million |
| Market revenue in 2030 | USD 417.6 million |
| Growth rate | 20.2% (CAGR from 2024 to 2030) |
| Largest segment | Fiber |
| 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, India accounted for 2.1% 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 Asia Pacific, China industrial hemp market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,393.7 million by 2030.
India is one of the major producers of industrial hemp with a long history of hemp use. The products are majorly used for cordage, textiles and seed. Increasing consumer disposal income, changing lifestyle and increasing consumer awareness related to various diseases and health conditions are driving the demand for protein, omega-3, omega-6 fatty acid and several other components obtained from hemp seeds, nuts and oil. The country is expected to witness high growth on account of growing consumption from personal care, food & supplements and textile industry 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 |
India 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.
Fiber was the largest segment with a revenue share of 68.16% in 2023.
Horizon Databook has segmented the India industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the major producers of industrial hemp with a long history of hemp use. The products are majorly used for cordage, textiles and seed. Increasing consumer disposal income, changing lifestyle and increasing consumer awareness related to various diseases and health conditions are driving the demand for protein, omega-3, omega-6 fatty acid and several other components obtained from hemp seeds, nuts and oil. The country is expected to witness high growth on account of growing consumption from personal care, food & supplements and textile industry over the forecast period.
- India Industrial Hemp Market Product Outlook (Revenue, USD Million , 2021-2033)
- Seeds
- Fiber
- Shives
- India 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 India Industrial Hemp Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Industrial Hemp Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Industrial Hemp Market, 2021-2033 (US$M)
India industrial hemp market statistics, by product, 2021-2033 (US$M)
