| Product Code: ETC6653475 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Canada`s import trend for the hemp market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -26.65% during 2020-2024. This negative import momentum may have been influenced by shifting demand dynamics or market instability, impacting trade performance within the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Hemp Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Hemp Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Hemp Market - Industry Life Cycle |
3.4 Canada Hemp Market - Porter's Five Forces |
3.5 Canada Hemp Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Canada Hemp Market Revenues & Volume Share, By Source, 2022 & 2032F |
3.7 Canada Hemp Market Revenues & Volume Share, By Consumer Age Group, 2022 & 2032F |
3.8 Canada Hemp Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Canada Hemp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and acceptance of hemp-based products for health and wellness purposes. |
4.2.2 Growing demand for sustainable and eco-friendly products, driving the adoption of hemp-based alternatives. |
4.2.3 Favorable government regulations and policies supporting the cultivation and use of hemp in various industries. |
4.3 Market Restraints |
4.3.1 Limited research and development in hemp processing and product innovation, hindering market growth. |
4.3.2 Challenges in scaling up hemp production to meet increasing demand due to agricultural constraints and regulatory hurdles. |
5 Canada Hemp Market Trends |
6 Canada Hemp Market, By Types |
6.1 Canada Hemp Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Hemp Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Canada Hemp Market Revenues & Volume, By Hemp Seed, 2022-2032F |
6.1.4 Canada Hemp Market Revenues & Volume, By Hemp Seed Oil, 2022-2032F |
6.1.5 Canada Hemp Market Revenues & Volume, By CBD Hemp Oil, 2022-2032F |
6.1.6 Canada Hemp Market Revenues & Volume, By Others, 2022-2032F |
6.2 Canada Hemp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Canada Hemp Market Revenues & Volume, By Conventional, 2022-2032F |
6.2.3 Canada Hemp Market Revenues & Volume, By Organic, 2022-2032F |
6.3 Canada Hemp Market, By Consumer Age Group |
6.3.1 Overview and Analysis |
6.3.2 Canada Hemp Market Revenues & Volume, By 18-24, 2022-2032F |
6.3.3 Canada Hemp Market Revenues & Volume, By 25-34, 2022-2032F |
6.3.4 Canada Hemp Market Revenues & Volume, By 35-44, 2022-2032F |
6.3.5 Canada Hemp Market Revenues & Volume, By 45-54, 2022-2032F |
6.3.6 Canada Hemp Market Revenues & Volume, By 55-64, 2022-2032F |
6.3.7 Canada Hemp Market Revenues & Volume, By Above 65, 2022-2032F |
6.4 Canada Hemp Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Canada Hemp Market Revenues & Volume, By Personal Care Product, 2022-2032F |
6.4.3 Canada Hemp Market Revenues & Volume, By Textiles, 2022-2032F |
6.4.4 Canada Hemp Market Revenues & Volume, By Pharmaceuticals, 2022-2032F |
6.4.5 Canada Hemp Market Revenues & Volume, By Construction & Materials, 2022-2032F |
6.4.6 Canada Hemp Market Revenues & Volume, By Others, 2022-2032F |
7 Canada Hemp Market Import-Export Trade Statistics |
7.1 Canada Hemp Market Export to Major Countries |
7.2 Canada Hemp Market Imports from Major Countries |
8 Canada Hemp Market Key Performance Indicators |
8.1 Number of new hemp-based products launched in the market. |
8.2 Expansion of hemp cultivation acreage in Canada. |
8.3 Adoption rate of hemp-based products by consumers. |
8.4 Investment trends in the Canadian hemp industry. |
8.5 Innovation and technological advancements in hemp processing and extraction methods. |
9 Canada Hemp Market - Opportunity Assessment |
9.1 Canada Hemp Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Canada Hemp Market Opportunity Assessment, By Source, 2022 & 2032F |
9.3 Canada Hemp Market Opportunity Assessment, By Consumer Age Group, 2022 & 2032F |
9.4 Canada Hemp Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Canada Hemp Market - Competitive Landscape |
10.1 Canada Hemp Market Revenue Share, By Companies, 2025 |
10.2 Canada Hemp Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here