Global Hemp Beer Market – Industry Trends and Forecast to 2029

Global Hemp Beer Market, By Type (Alcoholic and Non-Alcoholic), Component (Cannabidiol (CBD) and Tetrahydrocannabinol (THC)), Distribution Channel (Direct, Indirect) – Industry Trends and Forecast to 2029.

Hemp Beer Market Analysis and Size

Hemp refers to a group of cannabis plant species that are grown specifically for the industrial applications of their derived products. Hemp is one of the fastest growing plants and one of the first to be reeled into usable fibre 50,000 years ago. Hemp is used in commercial products such as clothing, biodegradable plastics, paints, and other materials.

Data Bridge Market Research analyses that the hemp beer market was valued at USD 3.43 billion in 2021 and is expected to reach the value of USD 5.76 billion by 2029, at a CAGR of 6.70% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Hemp Beer Market Scope and Segmentation

Market Definition

Hemp beer refer to small, brown beer of the Cannabis Sativa plant. They contain less than 1% of psychoactive drugs, whereas marijuana contains more than 20%. Hemp beer are an excellent source of easily digestible proteins, fibres, amino acids, antioxidants, essential fats, iron, and vitamins.

Global Hemp Beer Market Dynamics

Drivers

• Consumers shift of consuming hemp from smoking towards beverage or other edible product

The presence of appropriate amounts of hemp in the beverages, as well as the presence of low sugar content in the products, are major factors driving market growth. Legalization of marijuana use for recreational and medical purposes in many countries will drive the production and demand for cannabis infused beverages. The use of cannabis to treat cancer, pain, and neurological disorders will also boost market growth. Hemp consumers will shift their focus away from smoking hemp and toward other products such as beverages, chocolates, and tinctures, thereby supporting market growth.

• Growing demand for hemp based nutraceuticals and personal care products

Hemp is a versatile plant whose ingredients are used to make nutritious food. It is related to Cannabis and is a member of the same family. They outperform chia and flax seeds as they contain both GLA (gamma-linoleic acid) and CLA (conjugated linoleic acid). It also has a healthy fatty acid ratio, 10 essential amino acids, and is high in dietary fibres. The main vitamins found in hemp are phosphorus, potassium, sodium, magnesium, sulphur, calcium, iron, and zinc. Furthermore, hemp is considered allergy-free when compared to other plant protein sources.

Opportunities

Alcohol companies are shifting their focus to hemp to capture a larger market share through R&D activities and new product launches to attract customers and increase sales, which will create growth opportunities for the hemp beer market during the forecast period. The growing consumer demand for sustainable goods, combined with corporate and government initiatives and support, is expected to fuel the growth of hemp-based products.

Restraints

However, the high production cost and strict regulation and policies are expected to act as a restraint on the growth of the hemp beer market. In contrast, the easy availability of substitute sources may pose a challenge to the market's growth.

This hemp beer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemp beer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Hemp Beer Market

COVID-19 has greatly impacted the food and beverage industry, including hemp seed peptides. Businesses are suffering as manufacturing industries struggle to stay afloat. Although the benefits of hemp seed, such as boosting the immune system and increasing metabolic rate, enable market growth. The demand and supply of hemp based products have been impacted, resulting in a decline in market growth.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In May 2019, GenCanna and Atalo Holdings formed a strategic partnership to build a vertically integrated hemp processing and distribution facility in Kentucky.
• In May 2019, GenCanna and Thar PArocess announced a collaboration to bring the new CO2 hemp extraction technology to market.
• in January 2019, Hemp Inc. formed a joint venture with Hemp Healthcare to sell high-end CBD and hemp-based products, expanding the company's presence in Arizona.

Global Hemp Beer Market Scope

The hemp beer market is segmented on the basis of type, component and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Alcoholic
• Non-alcoholic

Component

• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)

Distribution channel

• Direct
• Indirect
• Online
• Modern trade format
• Convenience stores
• Departmental stores
• Retails
• Others

Hemp Beer Market Regional Analysis/Insights

The hemp beer market is analysed and market size insights and trends are provided by country, type, component and distribution channel as referenced above.

The countries covered in the hemp beer market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the hemp beer market due to the legalization of cannabis for medical and recreational purposes, which is a major factor in the region's growth. Marijuana use for medical and recreational purposes is now legal in Canada. 13 states in the United States allow the use of low THC and high CBD products for medical purposes.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hemp Beer Market Share Analysis

The hemp beer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemp beer market.

Some of the major players operating in the hemp beer market are:

• Canopy Growth Corporation (Canada)
• Heineken (Netherlands)
• Sprig (U.S.)
• Ceria Infused (U.S.)
• Two Roots Brewing Co (U.S.)
• Flying Dog Brewery (U.S.)
• Keef Brand (U.S.)
• Coalition Brewing (U.K.)
• dupetit Natural Products GmbH (Germany)
• Anheuser-Busch Companies LLC (Belgium)
• Green Times Brewing (U.K.)
• HEMPER (U.S.)