Japan Industrial Hemp Market Size & Outlook, 2026-2033
The industrial hemp market in Japan is expected to reach a projected revenue of US$ 538.9 million by 2030. A compound annual growth rate of 11.2% is expected of Japan industrial hemp market from 2024 to 2030.
The Japan industrial hemp market generated a revenue of USD 256.8 million in 2023 and is expected to reach USD 538.9 million by 2030.
The Japan market is expected to grow at a CAGR of 11.2% 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 256.8 million
Market revenue in 2030
USD 538.9 million
Growth rate
11.2% (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, Japan accounted for 4.7% 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 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.
Japan accounted for significant industrial hemp consumption and the demand for product is driven by the food & beverages and personal care industry. Hemp oil on account of high fatty acid content is majorly used in food products including supplements, day to day recipes, salads and several other products.
Traditional costume (Kimono), special garments manufactured from exclusive fabric for upper classes and industrial textile products use hemp fiber. The growing demand of hemp oil replacing fish oil due to nuclear power plant incident in the country is expected to drive the market growth over the forecast period.
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 53.82% in 2023.
Horizon Databook has segmented the Japan industrial hemp market based on seeds, fiber, shives covering the revenue growth of each sub-segment from 2018 to 2030.
Japan accounted for significant industrial hemp consumption and the demand for product is driven by the food & beverages and personal care industry. Hemp oil on account of high fatty acid content is majorly used in food products including supplements, day to day recipes, salads and several other products.
Traditional costume (Kimono), special garments manufactured from exclusive fabric for upper classes and industrial textile products use hemp fiber. The growing demand of hemp oil replacing fish oil due to nuclear power plant incident in the country is expected to drive the market growth over the forecast period.
Japan Industrial Hemp Market Product Outlook (Revenue, USD Million , 2021-2033)
Seeds
Fiber
Shives
Japan 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 Japan Industrial Hemp Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Industrial Hemp Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.