Hemp Research

  • Personal Care $163M
  • Supplements $26M
  • Hemp CBD $130M
  • Food $129.3M
  • Industrial Applications $125.5M
  • Other Consumer Products $14.4M
  • Consumer Textiles $99.5M

Marketing Study

There are an estimated 25,000 products derived from industrial hemp, that fall into nine submarkets: agriculture, textiles, recycling, automotive, furniture, food and beverages, paper, construction materials, and personal care.  Hemp can be grown as a fiber (the “stalk” of the crop), seed, or dual-purpose crop. The interior of the stalk has short woody fibers called hurds; the outer portion has long bast fibers.

The total retail value of hemp products sold in the U.S. in 2016 to be at least $688 million, which indicates a 20% growth over the 2015 retail value estimate of $573 million.  It’s important to note with regard to the estimated market value of $688M that sales data on hemp food and body care products are likely significantly underestimated, as retailers such as Whole Foods, Costco and Alfalfa’s Market are not included in this market estimate. The Hemp Industries Association estimates an average of 15% annual growth in U.S. hemp retail sales during the 2010-2015 timeframe, with the majority of this annual growth attributed to hemp-based body products, supplements and foods. China is the largest importer of raw and processed hemp fiber into the U.S., with other imports coming from Romania, Hungary and India. Hemp seed and oil cake is predominately being imported from Canada, with significant growth recognized in the last several years.

Soil Remediation

Not only can you use hemp to make dozens of sustainable products, from clothing, skateboards to medicine, but it can also help heal the earth.

As the human population grows, so do our need for more land to grow the crops that keep us fed. But our dependence on fossil fuels and dirty industrial processes have left a lot of land too toxic to sustain life. That’s where the rapidly growing field of “bioremediation” can be vital. Bioremediation essentially means using living things to heal the soil, allowing us to clean and reclaim some of these polluted lands. While bacteria and other microorganisms can be used, phytoremediation, from the Greek word for plant, relies on crops like hemp.

Educating the Farming Community

American farmers have not grown hemp at scale since the 1930s. Meanwhile, technologies and agronomic methods have changed significantly in the last 80 years. Right now, the U.S. hemp industry is as advanced as corn and soy were 60 years ago. Our research projects and educational programs will provide farmers, processors, and the broader community with opportunities to advance the industry.