Hemp Protein Market Size, Volume, Demand, Industry, Forecast Report 2023-2030

Hemp Protein Market Overview

Consumer desire for plant-based protein sources is projected to drive market growth. As the demand for sustainable and organic foods grows, hemp protein is becoming a popular alternative in the health and wellness industry.

Plant-based alternatives, such as meat replacements and dairy substitutes, are growing, which benefits the hemp protein industry. As people convert to plant-based diets for ethical, environmental, and health reasons, demand for hemp protein-based products rises, driving market growth.

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Market Growth Drivers

Increasing Demand for Plant-Based Protein Drives Market Growth

Consumer interest in plant-based proteins is growing as people become more aware of the health advantages of vegan diets. The demand for hemp protein is likely to rise as people become more cognizant of their dietary choices. Hemp protein contains vital amino acids that the human body need. Because of its nutritional composition, it is ideal for health-conscious customers seeking a well-rounded protein alternative.

The plant-based protein industry, particularly hemp protein, is being driven by health and wellness, with an emphasis on nutritional and sustainable dietary alternatives. Consumers are increasingly looking for protein-rich, plant-based alternatives to traditional animal-derived goods, which is fueling the growth of the hemp protein industry.

Manufacturers are also creating new items to fulfil consumer demand. For example, Vejii Holdings Ltd., added novel hemp-protein products from Planet Based Foods to its US marketplace on February 17, 2022. Among these product lines are the HEMP Burger, HEMP Crumble, and HEMP Sausage Patty.

Market Segmentation

The global Hemp Protein Market is segmented by Nature, and Application.

By Nature

• Organic
• Conventional

By Application

• Food and Beverages
• Pharmaceuticals
• Dietary Supplements
• Personal Care
• Others

Geographical Share

Increasing Awareness and Preference for Plant-Based Diets in North America
The North American region dominates the global hemp protein market. The food and beverage sector is a key driver of demand for hemp protein, which is a popular plant-based protein source in the area. The growing health awareness among North American consumers has enhanced the use of hemp protein in a variety of food products.

The rising popularity of vegan and vegetarian lifestyles is supporting hemp protein's strong market presence in North America. Due to the favourable regulatory climate for hemp-based goods in North America, hemp protein has been integrated into a wide variety of food and beverage options.

Competitive Landscape

The global hemp protein market players include Herbalife International, GNC Holdings, Amway, Glanbia, Bayer, Abbott Laboratories, NutraClick, Nature's Sunshine Forms, Bionova Lifesciences, and PowerBar Europe GmbH.

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