Press release
Global Hemp-Based Food Market to Reach US$ 2.7 Billion by 2027 at 15.52% CAGR - Report By IMARC Group
Hemp-Based Food Market
Is the Global hemp-based food market good for investment or future trends?
The hemp-based food market is expected to exhibit a CAGR of 15.52% during 2022-2027.
What is the hemp-based food market?
Hemp-based food is produced by harvesting the hemp plant and hulling whole hemp seeds to obtain oil-rich kernels. These kernels are generally used for preparing hemp milk, hemp oil, cheese substitutes, protein powder, etc. Hemp-based food contains a high amount of fiber, vitamins and minerals, and is free from gluten, lactose, allergens, phytoestrogens, and pesticides. Hemp-based seeds are also used to prepare corn chips, granola bars, pretzels, bread, cereals, etc.
Impact of Covid-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is the drivers of change in trends for the hemp-based food market:
The expanding food and beverage industry and increasing consumer preferences for organic food products are driving the market for hemp-based foods. Furthermore, the rising consumer awareness towards the nutritional benefits offered by hemp-based food products also burgeons the market growth. These products help in mitigating the risk of various chronic medical ailments by balancing insulin levels, improving cardiac functioning, reducing stress and anxiety, and maintaining joint health. Moreover, several eateries across the globe are introducing innovative product variants, such as hemp seed-based sauces, burgers, shakes, and desserts, thereby further bolstering the product demand. Additionally, the premiumization of vegan and gluten-free food and beverages is further anticipated to catalyze the market for hemp-based food products in the coming years.
Global Hemp-Based Food Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd. (Tilray, Inc), GFR Ingredients Inc., Hemp Foods Australia Pty Ltd. (Elixinol Global Limited), Hempco Food and Fiber Inc., Naturally Splendid Enterprises, Isodiol International Inc., Navitas Organics, Nutiva and T12 Holdings Pty Ltd. (Cann Global Limited).
The report has segmented the market on the basis on region, product and distribution channel.
Breakup by Product:
Hemp Protein Powder
Hemp Seed Oil
Hemp Seeds
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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