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Key Companies Leading Innovation and Growth in the Hemp-Based Foods Market

02-18-2026 06:38 AM CET | Food & Beverage

Press release from: The Business Research Company

Hemp Based Foods Market

Hemp Based Foods Market

The hemp based foods sector is gaining considerable traction as consumer interest in sustainable and nutritious options continues to rise. With increasing innovation and expanding applications, this market is set to experience significant growth and evolving trends in the near future. Below, we explore the current market size, key players, emerging trends, and important segmentation details shaping the hemp based foods landscape.

Forecasted Market Size Growth for Hemp Based Foods by 2030
The hemp based foods market is projected to expand substantially over the coming years, reaching a valuation of $9.83 billion by 2030. This growth represents a compound annual growth rate (CAGR) of 8.7%. Several factors are driving this surge, including growing consumer demand for sustainable protein sources and the rising popularity of functional and fortified foods. Additionally, the market benefits from the broadening range of hemp-based dairy alternatives and increased investments in plant-based food innovations. Mainstream retail is also seeing a deeper penetration of hemp-derived products. Key trends anticipated during this period involve the rising appeal of plant-based protein substitutes, expanded use of hemp in nutritional products, growth in clean-label and organic hemp foods, and a stronger emphasis on nutritional density and protein content in food formulations.

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Top Companies Leading the Hemp Based Foods Industry
The hemp based foods market features a range of prominent players actively shaping the industry. Some of these leading companies include Manitoba Harvest, Nutiva Inc., Hemp Foods Australia Pty Ltd., Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd., North American Hemp Grain Co., Hempco Inc., Just Hemp Foods, Good Hemp Inc., Navitas Organics, Naturally Splendid Enterprises Ltd., GFR Ingredients Inc., Laguna Blends Inc., Canah International SRL, Liaoning Qiaopai Biotech Co Ltd, Yunnan Hua Fang Industrial Hemp Co Ltd, Hemp Oil Canada Inc., Sunrise Nutrition, Bioriginal Food and Science Corp, Hemp Factory GmbH, and Elixinol Foods.

In a notable development in July 2024, Fresh Hemp Foods Ltd., a Canada-based manufacturer and supplier of hemp ingredients, acquired The Humble Seed, a US-based hemp foods producer, for an undisclosed sum. This acquisition highlights Fresh Hemp Foods' commitment to broadening its product portfolio and increasing its market reach. It also underscores their focus on promoting the nutritional benefits of hemp and seed-based foods, aiming to encourage healthier dietary choices among consumers.

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https://www.thebusinessresearchcompany.com/report/hemp-based-foods-global-market-report?utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR

Emerging Product Innovations in the Hemp Based Foods Market
To boost market growth, companies are concentrating on developing novel products like hemp-based peanut butter. This product combines the traditional creamy texture and nutty flavor of peanut butter with the added nutritional benefits of hemp seeds or hemp seed oil. For example, in March 2023, Gaia's Farming Co., a biotechnology firm based in the UK, launched a hemp-based peanut butter. These spreads offer excellent plant-based protein and omega-3 fatty acids, making them a nutritious addition to various meals such as toast, pancakes, stir-fries, and overnight oats. Notably, these products are formulated without added salts or palm oil, appealing to health-conscious consumers.

Detailed Breakdown of the Global Hemp Based Foods Market
This report segments the hemp based foods market by product type, distribution channels, and application areas to provide a comprehensive understanding of market dynamics.

By product, the market includes Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, and Hulled Hemp Seed.
Distribution channels cover Food Retail, Online platforms, and Specialty or Health Stores.
Applications span Food and Beverage, Dietary Supplements and Nutraceuticals, Personal Care and Cosmetics, as well as Animal Feed and Pet Food.

Further product subcategories include:
- Hemp Seed Oil: Cold-Pressed Hemp Seed Oil and Refined Hemp Seed Oil
- Hemp Protein Powder: Organic Hemp Protein Powder and Conventional Hemp Protein Powder
- Whole Hemp Seed: Raw Whole Hemp Seeds and Roasted Whole Hemp Seeds
- Hulled Hemp Seed: Raw Hulled Hemp Seeds (also known as Hemp Hearts) and Flavored Hulled Hemp Seeds

This segmentation highlights the diversity in product offerings and channels that define the hemp based foods market today.

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