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
