Hemp Milk Market

IMARC Group, a leading market research company, has recently releases report titled ” Hemp Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global hemp milk market size reached US$ 258.78 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 518.62 Million by 2028, exhibiting a growth rate (CAGR) of 12.19% during 2023-2028.

What is Hemp milk?

Hemp milk represents a non-dairy beverage produced by blending seeds from the Cannabis Sativa plant with water. It is available in flavored, unflavored, sweetened, and unsweetened categories. These hemp milk variants are a rich source of iron, phosphorous, calcium, zinc, vitamins A, D, and B12, etc., and are safe to be consumed by individuals suffering from lactose intolerance and tree nut allergies. They even aid in maintaining healthy blood pressure, relaxing blood vessels, boosting brain health, reducing the risk of neurodegenerative diseases, and preventing several skin problems, including inflammation, aging, itchiness, dryness, etc. As a result, hemp milk products are in extensive demand across countries.

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Hemp Milk Market Trends and Drivers:

The increasing legalization and acceptance of hemp-based products across the globe is among the key factors driving the hemp milk market. Apart from this, the growing number of lactose intolerant individuals and the shifting preferences toward plant-based, vegan, and nutritious products are also positively influencing the global market. Moreover, the escalating product demand among fitness enthusiasts on account of its nutrient contents, minerals, healthy fats, etc., is further catalyzing the market growth.

In addition to this, the emerging trend among cafes and restaurants of offering coffee, tea, and other beverages prepared using hemp milk and the rising investments in research and development (R&D) activities by leading manufacturers to introduce flavored hemp milk to cater to the demand of consumers are acting as significant growth-inducing factors. Furthermore, the elevating usage of the milk product to maintain optimal C-reactive protein (CRP) and reduce the risk of heart disease is anticipated to propel the hemp milk market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

• Good Hemp Food

• Goodmylk Co.

• Hudson River Foods

• Living Harvest Foods Inc

• Manitoba Harvest Hemp Foods

• Pacific Foods of Oregon Inc

• Sunopta Inc.

The report has segmented the market on the basis of

Breakup by Variant:

• Flavored

• Unflavored

Breakup by Type:

• Sweetened

• Unsweetened

Breakup by Category:

• Organic

• Conventional

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets

• Convenience Stores

• Specialty Stores

• Online Stores

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)

• Market Outlook (2023-2028)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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