Press release
Hemp Milk Market Size, Growth, Demand, Outlook, Analysis Report 2023-2030
Hemp Milk Market - DataM Intelligence 4Market Research
Hemp milk is a plant-based milk substitute made from the seeds of the hemp plant. This nondairy milk is well-known for its excellent nutritional value, which includes important fatty acids, proteins, and a variety of vitamins and minerals. It's made by combining hemp seeds with water and then separating the solid components, yielding a creamy, nutty-flavored liquid. One of its distinguishing features is its high omega-3 and omega-6 fatty acid profile, which makes it a popular choice among health-conscious customers. The milk is naturally lactose, soy, and gluten free, making it suitable for nutritional demands and lifestyle choices such as veganism and lactose sensitivity. Functionally, hemp milk is a realistic option for individuals who want to avoid animal-based goods while still getting required nutrients and enjoying a tasty flavor.
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Market Key Drivers
Increasing Demand for Plant-Based Alternatives Drives Market Growth
Consumers are increasingly interested in vegan alternatives to dairy products as they become more aware of health issues. Hemp milk is a dairy-free and vegan beverage that aligns with evolving consumer tastes, generating market demand. Consumers are shifting to plant-based diets, and the market for dairy-free milk products, such as hemp milk, is expanding.
Hemp milk is a vegan nutritional alternative to dairy milk since it includes nutrients such as omega fatty acids and minerals. As health-conscious customers seek healthy plant-based alternatives, hemp milk is gaining commercial traction. Consumers are increasingly choosing eco-friendly food items as their understanding of sustainability issues grows.
Hemp milk is sourced from a sustainable crop and provides a more environmentally friendly alternative to dairy milk, contributing to its market development. Manufacturers are also creating new items to fulfill consumer demand. For example, Good Hemp, a well-known plant-based milk brand, debuted its Oat & Hemp Milk version into the independent sector in January 2021.
Market Segmentation
The global hemp milk market is segmented by type, distribution channel.
By Type
• Plain
• Flavored
• Unsweetened Flavor
By Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Sales
• Others
Key Development
• On April 13, 2023, JOI, a prominent plant milk brand based in the US, introduced its latest offering, Hemp Milk Concentrate. This innovative product marks the company's first foray into vegan milk concentrates, and it is crafted from premium organic hemp hearts. The Hemp Milk Concentrate comes in convenient family-size 8 lb pails, offering versatility for various culinary applications.
Market Key Players
The global hemp milk market players include Hudson River Foods, Pacific Foods of Oregon INC., Good Mylk Co., Living Harvest Foods, Inc., Good Hemp Food, Organic Hemp Milk Australia, Milkadamia, Nutriops, S.L, California Natural Products, Tilray, Inc.
Related Reports
Hemp Oil Market - https://www.datamintelligence.com/research-report/hemp-oil-market
Oat Milk Market - https://www.datamintelligence.com/research-report/oat-milk-market
Algae Oil Market - https://www.datamintelligence.com/research-report/algae-oil-market
Corn Oil Market - https://www.datamintelligence.com/research-report/corn-oil-market
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DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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