The global demand for Hemp-Based Food Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Hemp-based food refers to the easily digestible food products as they are free from gluten, allergens, genetically modified organisms (GMO), lactose, phytoestrogen, and pesticides. Hemp is a strain of the cannabis sativa plant species, which is a good source of fiber and vitamins &minerals including magnesium, vitamin E, zinc, and iron. Hemp-based food products maintain a healthy digestive system. It is highly used in packaged food such as granola bars, pretzels, bread, and cereals.
The health benefits of hemp-based food are primarily driving the market growth. Emerging demand for hemp-based food as it is the ultimate source of protein for vegans due to its better digestibility than that of other plant-based proteins. The gluten-free property of hemp-based food is pushing gluten-sensitive consumers to change their inclination toward these products is again accelerating the market growth. However, the high cost of raw material is likely to hinder the market growth. Whereas, growing usage in various foods such as nut butter, corn chips, and snack bars are expected to boost the demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hemp-based food.
The entire hemp-based food market has been sub-categorized into product and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Hemp Seed Oil
- Hemp Protein Powder
- Whole Hemp Seed
- Hulled Hemp Seed
- Supermarket Stores
- Convenience Stores
- Hypermarket Stores
This section covers regional segmentation which accentuates on current and future demand for hemp-based food market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hemp-Based Food Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hemp-based food market include Agropro, Braham & Murray, Canada Hemp Foods, Elixinol, Healthy Brands Collective, Hemp Foods Australia, Hempco, Jinzhou Qiaopai Biotech, Laguna Blends, Manitoba Harvest, Mettrrum originals, Nutiva and The Cool Hemp Company. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.