What is the projected growth rate (CAGR) of the Hemp Extracts Market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Hemp extracts market reached US$ 3.81 billion in 2024 and is expected to reach US$ 6.75 billion by 2032, growing with a CAGR of 7.41% during the forecast period 2025-2032.

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What is the Hemp Extracts Market ?

Hemp extracts are concentrated compounds derived from the stalks, flowers, and leaves of the hemp plant (Cannabis sativa). Rich in cannabinoids (such as CBD), terpenes, flavonoids, and essential nutrients, they are widely used in nutraceuticals, pharmaceuticals, cosmetics, food, and beverages for their potential therapeutic and wellness benefits.

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Conclusion

With rising consumer interest in natural remedies, wellness products, and plant-based alternatives, hemp extracts are gaining significant momentum across industries. Their versatility in promoting relaxation, pain relief, skincare, and overall health positions them as a valuable ingredient in the rapidly expanding global wellness economy.

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Top Key Companies:

Cannavedic Private Limited, GVB Biopharma, Superior Supplement Manufacturing, Qurist, Hemp Health Private Limited, Cannarma, Beyond Botanicals LLC, Phasex Corporation, Treadwell Farms, Hempstrol and Arvanna LLC.

Market Segments:

By Type: Full-spectrum, Broad-spectrum

By Source: Flowers, Leaves, Stalks

By Extraction Method: CO2 Extraction, Solvent-Based Extraction, Steam Distillation, Cold-Press Extraction

By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Pharmacies, Online Retail

By Application: Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Nutraceuticals, Animal Care, Others

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