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Global Hemp Milk Market Size, Trends, and Growth Opportunity, By Flavor (Flavored and Unflavored), Product (Organic and Inorganic), Category (Plain, Low-Sugar, Sweetened, andUnsweetened), Distribution Channel (Online and Offline), By Region, and Forecast to 2030 


Report ID : IR1002055 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 240

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  • Global Hemp Milk Market Size, Trends, and Growth Opportunity, By Flavor (Flavored and Unflavored), Product (Organic and Inorganic), Category (Plain, Low-Sugar, Sweetened, andUnsweetened), Distribution Channel (Online and Offline), By Region, and Forecast to 2030 

    Global Hemp Milk Market

    The Global Hemp Milk Market was valued at 272.9 million in 2022 and is expected to reach USD 720.6 million by 2030, at a CAGR of 12.47 % during the forecast period 2023- 2030.

    Hemp is a crop fast-growing and environmentally friendly that is full of vitamins, minerals, and healthy fats. Plant milk known as hemp milk or hemp seed milk is created by soaking and grinding hemp seeds. The outcome has a taste, texture, and color that are similar to milk. Hemp can easily be produced and branded as organic. The finest substitute for cow milk is this. Hemp milk has several advantages, including the ability to lower the risk of allergies, improve skin health, and prevent heart disease.

    Unsaturated essential fatty acids, such as linoleic acid (omega-6) and alpha-linolenic acid (omega-3), which make up the majority of the fat in hemp milk, are needed for the synthesis of new tissues and membranes in your body. Moreover, hemp milk has easily absorbed protein that can be used by your body. Given that it includes all of the essential amino acids that people need in their diet, it is one of the few plant-based complete proteins.

    Market Drivers

    Sales of hemp milk are anticipated to increase throughout the projected period as consumers become more aware of the practical advantages of plant-based food and beverage products. Hemp milk is produced in a wide range of flavors, including unsweetened, flavored, and no-flavor varieties.

    Furthermore, customers are becoming more knowledgeable about hemp milk's health advantages. It is a preferable alternative to traditional dairy milk since it provides omega-3 fatty acids, protein, and vitamins, and is low in fat.

    Market Restraints

    Hemp milk is expensive, and some hemp allergies are major factors hampering the market expansion. Despite this, hemp milk is abundant in vital fatty acids, proteins, and minerals, and rising health consciousness may present new prospects for the market's continued expansion.

    Market Segmentation

    Global Hemp Milk Market is segmented into Flavor, Product, Category, and Distribution Channel

    Based on Flavor, the market is divided into Flavored, Unflavored

    Based on Product, the market is classified into Organic, Inorganic

    Based on Category, the market is segmented into Plain, Low-Sugar, Sweetened, Unsweetened

    Based on Distribution Channel, the market is bifurcated into Online, Offline

    Regional Analysis

    The Global Hemp Milk Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

    North America is estimated to dominate the market due to its expanding population and rising consumer knowledge of hemp milk's health advantages. As of 2017, there were reported to be more than 25,000 acres of hemp production in the United States, up from just 9,770 acres in 2016. This is according to the Agricultural Utilization Research Institute, which reports that some research institutions and state departments of agriculture started growing the crop. Over 30 colleges nationwide were doing research, and there were 1,420 registered or licensed growers.

    Key Players

    Various key players are discussed in the Global Hemp Milk Market Report including: Healthy Brands Collective, Drink Daily Greens LLC, Pacific Foods of Oregon Inc., Good Hemp Food, Cell-Nique Corporation, Waska Farms, and Wild Harvest Organics.

    In March 2021, Califia Farms introduced two new plant milk, namely Hemp Barista Blends and Mushroom Oat Milk. Mushroom Oat Milk and Hemp Barista Blends, which can also be used as creamers, were developed by experienced baristas, claims California.

    Market Taxonomy

    By Flavor
     
    • Flavored
    • Unflavored

    By Product 

    • Organic
    • Inorganic

    By Category

    • Plain
    • Low-Sugar
    • Sweetened
    • Unsweetened

    By Distribution Channel

    • Online
    • Offline

    By Region

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

     

    Global Hemp Milk Market
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Hemp Milk Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Hemp Milk Market, By Flavor 
    5.1 Y-o-Y Growth Comparison, By Flavor  
    5.2 Global Hemp Milk Market Share Analysis, By Flavor  
    5.3 Global Hemp Milk Market Size and Forecast, By Flavor 
    5.3.1. Flavored
    5.3.2. Unflavored
    6 Global Hemp Milk Market, By Product
    6.1 Y-o-Y Growth Comparison, By Product
    6.2 Global Hemp Milk Market Share Analysis, By Product
    6.3 Global Hemp Milk Market Size and Forecast, By Product
    6.3.1 Organic
    6.3.2. Inorganic
    8 Global Hemp Milk Market, By Category
    8.1 Y-o-Y Growth Comparison, By Category
    8.2 Global Hemp Milk Market Share Analysis, By Category
    8.3 Global Hemp Milk Market Size and Forecast, By Category
    8.3.1. Plain, Low-Sugar, Sweetened, Unsweetened
    8.3.2. Low-Sugar
    8.3.3. Sweetened
    8.3.4. Unsweetened
    9 Global Hemp Milk Market, By Distribution Channel
    9.1 Y-o-Y Growth Comparison, By Distribution Channel
    9.2 Global Hemp Milk Market Share Analysis, By Distribution Channel
    9.3 Global Hemp Milk Market Size and Forecast, By Distribution Channel
    9.3.1. Online
    9.3.2. Offline
    10 Global Hemp Milk Market, By Region
    10.1. Global Hemp Milk Market Share Analysis, By Region
    10.2 .Global Hemp Milk Market Size and Forecast, By Region
    11 North America Hemp Milk Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 North America Hemp Milk Market Share Analysis, By Flavor  
    11.3 North America Hemp Milk Market Size and Forecast, By Product
    11.4 Asia Pacific Hemp Milk Market Size and Forecast, By Category
    11.5 North America Hemp Milk Market Size and Forecast, By Distribution Channel
    11.6 North America Hemp Milk Market Size and Forecast, By Country
    11.6.1 U.S.
    11.6.2.Canada
    11.6.3. Mexico
    12 Europe Hemp Milk Market Analysis and Forecast (2023-2030)
    12.1 Introduction
    12.2 Europe Hemp Milk Market Share Analysis, By Flavor  
    12.3 Europe Hemp Milk Market Size and Forecast, By Product
    12.4 Asia Pacific Hemp Milk Market Size and Forecast, By Category
    12.5 Europe Hemp Milk Market Size and Forecast, By Distribution Channel
    12.6 Europe Hemp Milk Market Size and Forecast, By Country
    12.6.1 Germany
    12.7.2 France
    12.7.3 UK
    12.7.4. Rest of Europe
    13 Asia Pacific Hemp Milk Market Analysis and Forecast (2023-2030)
    13.1 Introduction
    13.2 Asia Pacific Hemp Milk Market Share Analysis, By Flavor  
    13.3 Asia Pacific Hemp Milk Market Size and Forecast, By Product
    13.4 Asia Pacific Hemp Milk Market Size and Forecast, By Category
    13.5 Asia Pacific Hemp Milk Market Size and Forecast, By Distribution Channel
    13.6 Asia Pacific Hemp Milk Market Size and Forecast, By Country
    13.6.1 China 
    13.6.2 Japan
    13.6.3 India
    13.6.4. Rest of Asia Pacific
    14 6atin America Hemp Milk Market Analysis and Forecast (2023-2030)
    14.1 Introduction
    14.2 Latin America Hemp Milk Market Share Analysis, By Flavor  
    14.3 Latin America Hemp Milk Market Size and Forecast, By Product
    14.4 Asia Pacific Hemp Milk Market Size and Forecast, By Category
    14.5 Latin America Hemp Milk Market Size and Forecast, By Distribution Channel
    14.6 Latin America Hemp Milk Market Size and Forecast, Country
    14.6.1. Brazil
    14.6.2. Rest of Latin America
    15 Middle East Hemp Milk Market Analysis and Forecast (2023-2030)
    15.1 Introduction
    15.2 Middle East Hemp Milk Market Share Analysis, By Flavor  
    15.3 Middle East Hemp Milk Market Size and Forecast, By Product
    15.4 Asia Pacific Hemp Milk Market Size and Forecast, By Category
    15.5 Middle East Hemp Milk Market Size and Forecast, By Distribution Channel
    15.6 Middle East Hemp Milk Market Size and Forecast, By Country
    15.6.1. Saudi Arabia
    15.6.2. UAE
    15.6.3. Egypt
    15.6.4. Kuwait
    15.6.5. South Africa
    16 Competitive Analysis
    16.1 Competition Dashboard
    16.2 Market share Analysis of Top Vendors
    16.3 Key Development Strategies
    17 Company Profiles
    17.1 Healthy Brands Collective
    17.1.1 Overview
    17.1.2 Offerings
    17.1.3 Key Financials
    17.1.4 Business Segment & Geographic Overview
    17.1.5 Key Market Developments
    17.1.6 Key Strategies
    17.2. Drink Daily Greens LLC
    17.2.1 Overview
    17.2.2 Offerings
    17.2.3 Key Financials
    17.2.4 Business Segment & Geographic Overview
    17.2.5 Key Market Developments
    17.2.6 Key Strategies
    17.3. Pacific Foods of Oregon Inc.
    17.3.1 Overview
    17.3.2 Offerings
    17.3.3 Key Financials
    17.3.4 Business Segment & Geographic Overview
    17.3.5 Key Market Developments
    17.3.6 Key Strategies
    17.4 Good Hemp Food
    17.4.1 Overview
    17.4.2 Offerings
    17.4.3 Key Financials
    17.4.4 Business Segment & Geographic Overview
    17.4.5 Key Market Developments
    17.4.6 Key Strategies
    17.5 Cell-Nique Corporation
    17.5.1 Overview
    17.5.2 Offerings
    17.5.3 Key Financials
    17.5.4 Business Segment & Geographic Overview
    17.5.5 Key Market Developments
    17.5.6 Key Strategies
    17.6 Waska Farms
    17.6.1 Overview
    17.6.2 Offerings
    17.6.3 Key Financials
    17.6.4 Business Segment & Geographic Overview
    17.6.5 Key Market Developments
    17.6.6 Key Strategies
    17.7 Wild Harvest Organics
    17.7.1 Overview
    17.7.2 Offerings
    17.7.3 Key Financials
    17.7.4 Business Segment & Geographic Overview
    17.7.5 Key Market Developments
    17.7.6 Key Strategies