Global Hemp Milk Market, By Flavor (Flavored, Unflavored), Product (Organic, Inorganic), Category (Plain, Low-Sugar, Sweetened, Unsweetened), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Hemp Milk Market
Data Bridge Market Research analyses that the global hemp milk market to account USD 882.63 million by 2029 by growing at a CAGR of 15.10% in the forecast period of 2022-2029.
Hemp is defines as an environmental friendly crop which is rich in nutrients and various fats and minerals. Hemp milk is an alternative or similar to dairy milk in the form of texture and colour which provides health benefits in form of low calories and less sweetened food products, rich quantity of protein.
Increasing legalization and acceptation of hemp-based product among people is the major factor accelerating the growth of the hemp milk market. Furthermore, surging number of lactose intolerant population, increasing preferences of plant based, nutritious, healthy and vegan products among the consumers, rising need to protect environment as well as animals, growing demand from cafes for preparation of coffees are also expected to drive the growth of the hemp milk market. However, more preference given to cow milk and increasing cases of hemp allergy restrains the hemp milk market, whereas increasing consumer demand for low-caloric food products and those that have low-sugar content will challenge market growth.
In addition, increasing demand of product in healthcare industry and rising research activities for the preparation of more healthy products will create ample opportunities for the hemp milk market.
This hemp milk market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 hemp milk market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hemp Milk Market Scope and Market Size
The hemp milk market is segmented on the basis of flavor, product, category and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of flavor, the hemp milk market is segmented into flavoured and unflavored.
- Based on product, the hemp milk market is segmented into organic and inorganic.
- Based on the category, the hemp milk market is segmented into plain, low-sugar, sweetened and unsweetened.
The hemp milk market is also segmented on the basis of distribution channel. The distribution channel is segmented into online and offline. Offline segment has been further segmented into supermarket stores, convenience stores, hypermarket stores and others.
Hemp Milk Market Country Level Analysis
The hemp milk market is analyses and market size, volume information is provided by country, flavor, product, category and distribution channel as referenced above.
The countries covered in the hemp milk market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the hemp milk market and will continue to flourish its trend of dominance during the forecast period because of growing demand of hemp milk varieties in this region. Europe region is expected to score the highest growth rate increasing health-conscious consumers along with willingness to adopt non-dairy products in the region.
The country section of the hemp milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Milk Market Share Analysis
The hemp milk 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 milk market.
Some of the major players operating in the hemp milk market are Drink Daily Greens LLC, PACIFIC FOODS OF OREGON, LLC., Wild Harvest, Good Hemp Food, Cell-Nique Corporation, The Fix Juice Pty Ltd, Organic Hemp Milk Australia, Manitoba Harvest Hemp Foods, Royal FrieslandCampina N.V., Fonterra Co-Operative Group Limited, Arla Foods amba, AMCO Proteins, Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group, Groupe Lactalis, Goodmylk Co., Ecomil, milkadamia, Victory Hemp Foods, Vaibhav Perfumery and Ingrilli Citrus Inc. among others.