Press release
Hemp Based Foods Global Market Analysis 2023 - By Segmentations, Key Players, Geography, Future Development And Forecast 2032
Hemp Based Foods Market
As per the Hemp Based Foods Global market report by The Business Research Company, the rising vegan population is driving the hemp-based food market. The vegan population consists of people who abstain from all animal products, such as leather, as well as meals like meat, dairy, eggs, and honey and, to the greatest extent, feasible goods that have been subjected to animal testing. Health, weight control, animal welfare, and environmental concerns are some of the reasons people are moving towards a vegan diet.
The global hemp-based foods market size grew from $5.05 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hemp-based foods market size is expected to grow to $7.94 billion in 2027 at a CAGR of 9.4%.
Read More On The Hemp Based Foods Global Market Report Here:
https://www.thebusinessresearchcompany.com/report/hemp-based-foods-global-market-report
Major competitors in the Hemp Based Foods Global market include Agropro, Nutiva Inc., Compass Group Management LLC, Canopy Growth Corporation, Hempco Inc., Canada Hempfoods Ltd., Elixinol LLC, Cool Hemp Ltd., Hemp Foods Australia Pty Ltd., Liaoning Qiaopai Biotech Co. Ltd.
The Hemp Based Foods Global market is segmented -
• By Product: Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed
• By Distribution Channel: Supermarket Stores, Convenience Stores
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America as the largest region in the Hemp Based Foods Global market.
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Hemp-based foods are food products that are derived from the hemp plant whose seeds contain all the amino acids required by our body. In general, hemp seeds and oils are used to make a variety of food products such as hemp milk, hemp oil, hemp cheese substitutes, and hemp-based protein powder. The main products of hemp-based foods are hemp seed oil, hemp protein powder, whole hemp seed, and hulled hemp seed. Hemp seed oil is suitable for cooking or used as an ingredient in cosmetics. The seeds of hemp plants are pressed to produce hemp seed oil.
The Table Of Content For The Hemp Based Foods Global Market Include:
1. Executive Summary
2. Hemp Based Foods Market Characteristics
3. Hemp Based Foods Market Trends And Strategies
4. Hemp Based Foods Market - Macro Economic Scenario
5. Hemp Based Foods Market Size And Growth
6. Hemp Based Foods Market Segmentation
………….
26. Africa Hemp Based Foods Market
27. Hemp Based Foods Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hemp Based Foods Market
29. Hemp Based Foods Market Future Outlook and Potential Analysis
30. Appendix
The "Global Hemp Based Foods Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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