Hemp Hurd Market Insights Video

According to Cognitive Market Research, the global hemp hurd market size is USD 4758.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1903.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1427.58 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1094.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
• Latin America had a market share for more than 5% of the global revenue with a market size of USD 237.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 95.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
• The >10 mm held the highest hemp hurd market revenue share in 2024.