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Hemp Protein Market Size to Witness Significant Growth During 2016-2026
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Hemp protein cannot be considered as a pure protein supplement owing to its composition of 10% fatty acids and higher fiber content. Owing to the higher fiber content, hemp proteins lowers the risk for constipation, heart disease, type-2 diabetes, and diverticular disease. Hemp proteins are easily digestible, and are used as an active ingredient in shakes and smoothies. Health benefits of hemp proteins includes anti-fatigue properties, enhances immune system, and have kidney protective effects. The growth of hemp protein market is propelled by improved economic conditions coupled with increase in household wealth, due to which consumers have shown willingness to spend on food products that are rich in hemp proteins so as to maintain their health.
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Market Dynamics of Hemp Protein:
Owing to the high nutritional benefits of hemp protein, the market is expected to witness modest growth in coming years. The growth of hemp protein market is driven by increasing demand of hempseed oil, growing health consciousness among consumers, rising demand for nutritional food products, new product developments, and improved supply chain to ensure the product availability. Hemp protein market is characterized by the stringent regulations laid by various regulatory bodies that govern and inspect the food products and issues guidelines for food processing.
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Key Market Players in Hemp Protein:
Some of the key players in the hemp protein market include Navitas Naturals, Hemp Oil Canada, North American Hemp & Grain Co., Hempco, Manitoba Harvest Hemp Foods, Cosucra Groupe Warcoing SA, CHII Naturally Pure Hemp, GFR Ingredients Inc., and Green Source Organics among others.
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