Hemp seed production in France has shown significant variation over the past decade, starting with 70.69 thousand metric tons in 2013 and reaching 143.26 thousand metric tons in 2023. Noteworthy growth years included 2017 and 2018, while modest declines occurred in intervening years. Over the past two years, production saw year-on-year increases of 3.40% in 2022 and 3.22% in 2023. Projecting forward, we see hemp seed production increasing to 166.61 thousand metric tons by 2028. The compound annual growth rate (CAGR) for the last five years stood at 3.61%, while the forecasted 5-year CAGR is 2.37%.
Future trends to watch for include:
- Technological advancements aiming at higher yield efficiency.
- Changes in legal frameworks affecting hemp cultivation and export.
- Market demand fluctuations driven by increasing awareness of hemp benefits.
