Hemp seeds are extremely nutritious, containing 20-25% protein, 25-30% oil and 10-15% insoluble fiber, as well as oil containing >90% polyunsaturated fatty acids, which are a valuable addition to the diet of humans and animals. They are gluten-free and are an excellent source of nutrients for products created for the growing flexitarian market. Hemp seeds are also used to make oil, which is consumed in food and beverage, personal care, and animal feed. The oil is also used in food supplements and medicinal and therapeutic products such as pharmaceuticals. Hemp cbd business plan

The global seed market is expected to grow at a CAGR of 4.95% due to increased demand from applied industries between 2020-2027, from $388.46 million in the year 2020 to $544.93 million by 2027. The international food market for hempseed is estimated at $1 billion. It costs around $2,000 a hectare for farmers to grow it, and they are paid around $3 a kilogram. Hemp CBD financial model

In 2020, data compiled by Hemp Benchmarks from state agriculture departments recorded that there were over 13,000 acres licensed in the U.S. for production of hemp grain, with the National Hemp Report showing a reduction to 8,250 acres in 2021 and PanXchange report an increase to about 14,300 licensed acres in 2022.