Market Overview:
The global hemp milk market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the health benefits of hemp milk, increasing demand for plant-based milk alternatives, and growing number of vegan consumers. Hemp milk is a lactose-free and cholesterol-free beverage that is high in omega fatty acids, protein, and minerals such as potassium and magnesium. It has a nutty flavor that makes it an ideal replacement for dairy milk or other plant-based milks in various applications such as beverages, smoothies, shakes, coffee drinks, cereal bowls etc. Some key players operating in the global hemp milk market are Pacific Foods (U.S.), Manitoba Harvest (Canada), Living Harvest Foods (U.S.), Hempco Food & Fiber Inc.
Product Definition:
Hemp milk is a drink made from hemp seeds. It is high in protein and omega-3 fatty acids, and it has a creamy texture and nutty flavor. Hemp milk can be used in place of cow's milk or other plant-based milks in most recipes.
Unsweetened:
Unsweetened is a new product in hemp milk market and it's an innovation from Blue Diamond Growers. It has no sugar added to it. The main reason for its introduction was to provide health benefits of the product, as sugar contains chemicals that are not healthy for human body.
The growth factor in the market is increasing day by day due to growing awareness among consumers regarding low calorie food products and their health benefits.
Low-sugar:
Low-sugar hemp milk is a non-dairy beverage made from hemp seeds, which are naturally low in sugar. It contains the same amount of protein as compared to dairy milk and is an excellent source of omega 3 fatty acids. The product also has high nutritional value with vitamins, calcium, potassium and antioxidants like vitamin A & E.
The global market for low-sugar hemp milk was valued at USD 12 million in 2016.
Application Insights:
The market is categorized into supermarkets, online stores and others. The supermarkets segment dominated the global hemp milk market in 2017, accounting for over 60% of the overall revenue share. Supermarkets are considered as one of the most important retail outlets owing to their wide reach and high footfall. As per a 2016 survey by Hemp Foods Market Association (HFA), more than 70% of Americans have purchased products from their local supermarket. Moreover, growing awareness among consumers about healthy food options is expected to be a key driving factor for this segment over the forecast period.
Online stores are anticipated to witness significant growth during the forecast period owing to various advantages associated with operating such as flexible working hours coupled with remote access that allows customers across different parts of globe access to product offerings at anytime through mobile app or website directly purchasing them through credit card processing system without having physical contact with any other store location or supplier thereby reducing transaction cost.
Regional Analysis:
Europe dominated the global market in 2017 owing to growing consumer awareness regarding health and lifestyle. Moreover, increasing demand for plant-based milk alternatives is expected to drive the regional market over the forecast period. The U.K., Germany, France, Italy are some of the major hemp milk consuming countries in Europe.
China has been one of largest producers of industrial hemp products since 2014 after legalizing its production under license from federal government from 1931 when it was banned by Mao Zedong's government because it was confused with marijuana which had similar appearance and smoked like cigarette at that time (Mao Zedong).
Growth Factors:
- Increasing demand for plant-based milk alternatives: There is a growing trend of consumers moving away from dairy milk and opting for plant-based milk alternatives. Hemp milk is one such option that has been gaining popularity in recent years due to its high nutrient content and health benefits. This is likely to drive the growth of the hemp milk market in the coming years.
- Rising awareness about the health benefits of hemp: Hemp is known for its many health benefits, which include reducing inflammation, improving heart health, and aiding weight loss. This has led to an increase in awareness about hemp among consumers, which is likely to boost demand for hemp products including hemp milk.
- Growing popularity of CBD oil: CBD oil has been gaining increasing attention in recent years due to its various therapeutic properties such as reducing anxiety and pain relief. This is likely to create a positive impact on the sales of hemp-based products including hemp milk as more people become aware of its benefits.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hemp Milk Market Research Report
By Type
Unsweetened, Low-sugar
By Application
Supermarket, Online Store, Other
By Companies
Good Hemp, Hudson River Foods, Pacific Foods, Milkadamia, Ecomil, The Fay Farm
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Hemp Milk Market Report Segments:
The global Hemp Milk market is segmented on the basis of:
Types
Unsweetened, Low-sugar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Online Store, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Good Hemp
- Hudson River Foods
- Pacific Foods
- Milkadamia
- Ecomil
- The Fay Farm
Highlights of The Hemp Milk Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Unsweetened
- Low-sugar
- By Application:
- Supermarket
- Online Store
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hemp Milk Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hemp milk is made from hemp seeds that have been ground into a paste and then heated until the oil separates from the water. The oil is then strained and the remaining liquid is used to make hemp milk.
Some of the major companies in the hemp milk market are Good Hemp, Hudson River Foods, Pacific Foods, Milkadamia, Ecomil, The Fay Farm.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hemp Milk Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hemp Milk Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hemp Milk Market - Supply Chain
4.5. Global Hemp Milk Market Forecast
4.5.1. Hemp Milk Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hemp Milk Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hemp Milk Market Absolute $ Opportunity
5. Global Hemp Milk Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hemp Milk Market Size and Volume Forecast by Type
5.3.1. Unsweetened
5.3.2. Low-sugar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hemp Milk Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hemp Milk Market Size and Volume Forecast by Application
6.3.1. Supermarket
6.3.2. Online Store
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hemp Milk Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hemp Milk Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hemp Milk Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hemp Milk Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hemp Milk Demand Share Forecast, 2019-2026
9. North America Hemp Milk Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hemp Milk Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hemp Milk Market Size and Volume Forecast by Application
9.4.1. Supermarket
9.4.2. Online Store
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hemp Milk Market Size and Volume Forecast by Type
9.7.1. Unsweetened
9.7.2. Low-sugar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hemp Milk Demand Share Forecast, 2019-2026
10. Latin America Hemp Milk Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hemp Milk Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hemp Milk Market Size and Volume Forecast by Application
10.4.1. Supermarket
10.4.2. Online Store
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hemp Milk Market Size and Volume Forecast by Type
10.7.1. Unsweetened
10.7.2. Low-sugar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hemp Milk Demand Share Forecast, 2019-2026
11. Europe Hemp Milk Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hemp Milk Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hemp Milk Market Size and Volume Forecast by Application
11.4.1. Supermarket
11.4.2. Online Store
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hemp Milk Market Size and Volume Forecast by Type
11.7.1. Unsweetened
11.7.2. Low-sugar
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hemp Milk Demand Share, 2019-2026
12. Asia Pacific Hemp Milk Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hemp Milk Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hemp Milk Market Size and Volume Forecast by Application
12.4.1. Supermarket
12.4.2. Online Store
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hemp Milk Market Size and Volume Forecast by Type
12.7.1. Unsweetened
12.7.2. Low-sugar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hemp Milk Demand Share, 2019-2026
13. Middle East & Africa Hemp Milk Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hemp Milk Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hemp Milk Market Size and Volume Forecast by Application
13.4.1. Supermarket
13.4.2. Online Store
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hemp Milk Market Size and Volume Forecast by Type
13.7.1. Unsweetened
13.7.2. Low-sugar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hemp Milk Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hemp Milk Market: Market Share Analysis
14.2. Hemp Milk Distributors and Customers
14.3. Hemp Milk Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Good Hemp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hudson River Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pacific Foods
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Milkadamia
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ecomil
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The Fay Farm
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
