Hemp based Food Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 4.5 Billion by 2033, growing at a CAGR of 14.5% from 2026 to 2033.
The global hemp based food market was valued at approximately USD 5.6 billion in 2022 and is projected to grow at a CAGR of 15.7% from 2023 to 2030. Hemp seeds, oil, and protein are the primary products driving market expansion due to their high nutritional value and increasing consumer awareness about plant based and organic food options. North America held the largest market share in 2022, accounting for around 38% of the global hemp based food market, driven by the legalization of hemp cultivation and growing demand for natural food alternatives. The Asia Pacific region is anticipated to experience the highest growth rate during the forecast period, with a CAGR of 18.2%, attributed to rising health consciousness and the increasing adoption of hemp based products in countries like China and India.
Europe, holding a substantial market share of approximately 30%, continues to see steady growth due to the strong regulatory framework supporting hemp cultivation and production. The demand for hemp based food products in Europe is fueled by increasing awareness regarding the health benefits of hemp, including its potential to support heart health, reduce inflammation, and provide essential fatty acids. The Latin America and Middle East & Africa regions are also poised for growth, though at a slower pace compared to other regions. With the rising trend of clean label and functional foods, hemp based food products present significant opportunities in these regions, particularly in plant based protein alternatives and functional snacks.
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Manitoba Harvest
Hemp Oil Canada
Braham & Murray
Jinzhou Qiaopai Biotech
Canah International
GIGO Food
Just Hemp Foods
North American Hemp & Grain Co.
Yunnan Industrial Hemp
Nutiva
Manitoba Harvest
Agropro
GFR Ingredients Inc
Naturally Splendid
Navitas Organics
Yishutang
Hemp Foods Australia
Elixinol
Canada Hemp Foods
Mettrum Originals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hemp based Food Market
Necklace Organizers
Earring Organizers
Ring Organizers
Bracelet Organizers
Multi-purpose Organizers
Wooden Organizers
Metal Organizers
Plastic Organizers
Fabric Organizers
Glass Organizers
Wall-mounted Organizers
Tabletop Organizers
Drawer Organizers
Portable Organizers
Freestanding Organizers
Small Capacity Organizers
Medium Capacity Organizers
Large Capacity Organizers
Low Price Range
Medium Price Range
High Price Range
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hemp based Food Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hemp based Food Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hemp based Food Market, By Type
6. Global Hemp based Food Market, By Application
7. Global Hemp based Food Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hemp based Food Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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