+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Hemp Protein Powder Market - Size, Trends, Competitive Analysis and Forecasts (2018-2023)

  • ID: 4614977
  • Report
  • Region: Global
  • 160 pages
  • Hypercube Insights
1 of 3
Global Hemp Protein Powder Market to be worth USD 663 thousand by 2023

FEATURED COMPANIES

  • ADM
  • Beneo-Pa
  • Burcon NutraScience
  • CHS
  • Fonterra
  • Kerry
  • MORE
Global market of hemp protein is estimated at $558 thousand in 2018. Hemp is one of the most beneficial and nutritious protein types for the population who are inclined towards vegan and vegetarian diet options. Hemp contains considerable amont of protein along with essential amino acids, fatty acids, fiber and vitamins. Considering potential that Hemp protein possess, the market revenue is estimated to grow at a CAGR of 3.5% during the forecasting period 2018 to 2023.

The demand of nutritional product is ever increasing. Over the years, due to increase in research and studies published, hemp protein market has gained traction due to rising awareness about hemp protein products among the consumers. The market of hemp protein is driven by growing demand of hempseed oil, increasing demand of nutritional food products, rising concern about health-related problems and improved effectiveness in supply chain and product availability. The market of hemp protein is regulated by strict Governmental policies which closely monitors and controls the hemp protein based derivative products. The regulations is the major hindrance is steady development of the market.

Hemp protein isolates and Hemp protein concentrate are two forms of hemp protein. Hemp protein isolate contains high amount of protein and other essential contents hence its market share is high compared to hemp protein concentrate. In terms of processing, feasible extraction processing for hemp protein is still not developed, however research has been taking place in companies in close collaboration with the research institutes and universities that would result in development of commercially viable protein extraction techniques.
The application of hemp protein across food industry has highest market share which is followed by dietary supplements, beverage and animal feed industries. The powder form of hemp protein is estimated to witness highest growth over the period of forecast. While, high content of fiber would help to widen its application across various segments of beverage industry including drinks, juices, shakes and smoothies. Other applications include pharmaceuticals, cosmetics, industries and others.

North American and European region are leading region in terms of hemp protein market share. Most of the global players in the industry are placed in these regions. U.S. and Canada capture highest market share of hemp protein in North America. The demand of hemp protein is mostly driven by rising demand of vegetable-based protein in both of these countries. Germany, France, U.K., Italy and Netherlands are leading markets of hemp protein in Europe. The European market is mostly driven by rising concern about the health-related issues due to the consumption of meat and its derivative products and growing sympathy towards animals.

The market of hemp protein in Asia-Pacific is growing at a highest rate compared to other regions across the globe. Rising level of disposable income of middle and lower class, improving lifestyle of people in rural regions and growing awareness about the health benefits of protein are some of the major drivers that drives the Asia-Pacific hemp protein marekt. China, India, Japan, Australia and South Korea are leading markets in the region. South American and African hemp protein industry is in initial phase of development. In coming years, many market research experts suggest that the protein demand is expected to increase at a rapid rate in both of these regions which would aid the growth of hemp protein market in many of the major countries including Brazil, Argentina, South Africa and Nigeria.

The key players in hemp protein marekt includes North American Hemp & Grain Co, Hempco, Navitas Naturals, Hemp Oil Canada, Manitoba Harvest Hemp Foods, CHII Naturally Pure Hemp, Cosucra Groupe Warcoing SA, Green Source Organics, GFR ingredients Inc, among others. Considering growing demand of vegetable protein source, these companies are opting for aggressive investments to expand their operation across emerging markets through the globe.

Key Deliverables
  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market in key countries
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • ADM
  • Beneo-Pa
  • Burcon NutraScience
  • CHS
  • Fonterra
  • Kerry
  • MORE
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary by Geography
2.3 Business Trends Summary

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing demand for cheaper sources of plant based proteins
3.1.2 Rising health consciousness especially in developing countries
3.1.3 Increasing demand for lactose-free, gluten free protein products
3.1.4 Strengthening demand for dietary Supplements
3.2 Restraints
3.2.1 Lack of commerically feasible extraction process
3.2.2 Low awareness about the product
3.3 Opportunities
3.3.1 Growing applications in sports nutrition & weight management
3.3.2 Growth in functional food & nutraceutical industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Hemp Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Hemp Protein Isolate
4.1.2 Hemp Protein Concentrate
4.2 Market Share, Application
4.2.1 Food
4.2.2 Beverages
4.2.3 Dietary Supplements
4.2.4 Animal Feed
4.2.5 Others

5. Country Market Share
5.1 North America
5.1.1 U.S.
5.1.2 Canada
5.1.3 Mexico
5.1.4 Others
5.2 Europe
5.2.1 U.K.
5.2.2 Germany
5.2.3 France
5.2.4 Italy
5.2.5 Spain
5.2.6 Netherlands
5.2.7 Russia
5.2.8 Others
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 South Korea
5.3.5 Australia
5.3.6 Thailand
5.3.7 Israel
5.3.8 Saudi Arabia
5.3.9 Others
5.4 South America
5.4.1 Brazil
5.4.2 Argentina
5.4.3 Colombia
5.4.4 Others
5.5 Africa
5.5.1 South Africa
5.5.2 Egypt
5.5.3 Nigeria
5.5.4 Others

6. Competitive Analysis
6.1 Market Share Analysis
6.2 Growth Strategies of leading players
6.3 Investment and Development Prospects
6.3.1 Investment in past five years
6.3.2 Investment Opportunities
6.4 Competition Pattern
6.4.1 Concentration Ratio
6.4.2 Industry Competition
6.5 Price Trend Analysis
6.5.1 Product Classifications and Their Prices
6.5.2 Factors Influencing Prices

7. Company Profiles
7.1 Hemp Oil Canada
7.2 Green Source Organics
7.3 North American Hemp & Grain Co
7.4 GFR Ingredients Inc
7.5 CHII Naturally Pure Hemp
7.6 Manitoba Harvest Hemp Foods
7.7 Hempco
7.8 Navitas Naturals
7.9 Biooriginal Food and Science Corp
7.10 Z Company

Appendix
Sources
Disclaimer
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
  • DuPont
  • ADM
  • Cargill
  • Bunge
  • Mead Johnson
  • CHS
  • Scoular
  • Roquette Freres Le Romarin
  • Burcon NutraScience
  • MGP Ingredients
  • Axiom Foods
  • Tate & Lyle Plc
  • Fonterra
  • Kerry
  • Omega Protein Corporation
  • Glanbia PLC
  • Beneo-Pa
Note: Product cover images may vary from those shown
Adroll
adroll