Increasing Demand of Non-Dairy Milk Boosting the Global Hemp Milk Market | AriztonConsumers are primarily opting for non-dairy milk products due to their high nutritional properties. Further, with the growing health awareness about the benefits of organic food, the demand for organic hemp milk is expected to increase during the forecast period. According to surveys, approximately 43% of consumers prefer food that contains natural ingredients and are free from genetically modified organisms (GMOs).
Also, several renowned celebrities, athletes, and major companies such as Google are promoting the consumption of plant-based products. Thus, manufacturers are looking forward to introducing flavored hemp milk with low-calorie content or unsweetened varieties to target adult consumers, which are expected to drive the hemp milk market worldwide in the coming years.
The hemp milk market is likely to reach around $454 million by 2024, growing at a CAGR of approximately 16% during 2018–2024.
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The hemp milk market is undergoing several transformations. The market is gaining traction due to the growing number of health-conscious population, rising demand for organic food and beverages, and a growing awareness of fitness.
The study considers the present scenario of the hemp milk market and its market dynamics for the period 2019−2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the hemp milk market.
Hudson River Foods
Pacific Foods of Oregon INC.
Organic Hemp Milk Australia
Braham & Murray
Fresh Hemp Foods Ltd.
Good Mylk Co.
Market Segmentation by Variants
Market Segmentation by Categories
Market Segmentation by Products
Market Segmentation by Distributions
Market Segmentation by Geography
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