Organic Hemp Oil Demand Grows in Supplements and Natural Products
The Rise of Organic Hemp Oil
Organic hemp oil has been gaining popularity in recent years as more people become aware of its potential health benefits. Hemp oil is derived from the seeds of the hemp plant, which is a variety of the Cannabis sativa plant species. Unlike its cousin, marijuana, hemp contains very low levels of THC, the psychoactive compound that produces a “high.”
Organic hemp oil is rich in essential fatty acids, such as omega-3 and omega-6, as well as vitamins, minerals, and antioxidants. These nutrients have been linked to various health benefits, including reducing inflammation, improving heart health, and promoting skin health.
Increasing Demand in Supplements
The demand for organic hemp oil has been steadily growing, particularly in the supplements industry. Many health-conscious consumers are turning to hemp oil supplements as a natural alternative to traditional pharmaceuticals. According to a report by Grand View Research, the global hemp oil market size was valued at $254.7 million in 2019 and is expected to reach $2.8 billion by 2027, growing at a CAGR of 34.5% during the forecast period.
Major supplement companies, such as Nutiva, Manitoba Harvest, and Nature’s Way, have been capitalizing on the growing demand for organic hemp oil products. These companies offer a wide range of hemp oil supplements, including capsules, tinctures, and gummies, targeting consumers looking for natural solutions to their health concerns.
Integration in Natural Products
Apart from the supplements industry, organic hemp oil is also making its way into a variety of natural products, including skincare, hair care, and food and beverages. Beauty brands like Dr. Bronner’s and The Body Shop have incorporated hemp oil into their products due to its moisturizing and anti-inflammatory properties.
In the food and beverage sector, hemp oil is being used in cooking oils, salad dressings, and even protein bars. Companies like Nutiva and Hemp Foods Australia are leading the way in creating innovative hemp oil-infused products that cater to health-conscious consumers seeking natural and sustainable options.
Industry Insights and Future Trends
The organic hemp oil industry is poised for continued growth as more consumers become educated about the benefits of hemp-derived products. With the passage of the 2018 Farm Bill in the United States, which legalized the cultivation of hemp for commercial purposes, the market for hemp oil products is expected to expand even further.
In addition to the supplements and natural products sectors, the pharmaceutical industry is also showing interest in hemp oil as a potential ingredient in medicinal products. Companies like GW Pharmaceuticals have developed a cannabis-derived prescription drug called Epidiolex, which is used to treat seizures associated with certain conditions.
Overall, the demand for organic hemp oil is expected to continue rising as consumers seek natural and sustainable alternatives to conventional products. With ongoing research into the health benefits of hemp oil, the industry is likely to experience further innovation and product development in the coming years.
In conclusion, organic hemp oil is gaining traction in the supplements and natural products industries due to its potential health benefits and versatility. As consumer awareness grows and regulatory barriers continue to shift, the market for hemp oil products is expected to expand significantly in the near future. Companies that capitalize on this trend by offering high-quality organic hemp oil products are likely to see continued success in this growing market.
