The global hemp-based food market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Hemp-based food, such as hemp seeds, milk and hemp oil, cheese substitutes and protein powder, is obtained by harvesting the hemp plant and hulling whole hemp seeds to separate oil-rich kernels. Both the shells and hulled hemp seeds are rich sources of fiber, vitamins and minerals, including magnesium, phosphorus, potassium, vitamin A, B, C and E, zinc and iron. They are also free from gluten, allergens, lactose, phytoestrogens and pesticides. They are commonly used to manufacture granola bars, corn chips, pretzels, bread and cereals.
The growing food and beverage industry and increasing consumer preferences for vegan food products, represent as the key factors creating a positive outlook for the market. Furthermore, rising health consciousness and consumer awareness regarding the nutritional benefits of hemp-based food products is also driving the market growth. Due to the sedentary lifestyle of the masses, there is an escalating prevalence of various chronic-medical ailments. Hemp-based food products aid in balancing insulin levels, improving cardiac function, reducing stress and anxiety and promoting joint health, thereby favoring the market growth. Additionally, the continual launch of innovative product variants, such as hemp seed-based sauces, burgers, shakes, ice creams and desserts, is acting as another growth-inducing factor. In line with this, cafes, restaurants and other eateries are experimenting with a variety of flavors and combinations of hemp to offer unique and innovative dishes to their customers. Other factors, including the premiumization of gluten-free and organic food and beverages, along with aggressive promotional activities by manufacturers through various online retail channels, are anticipated to drive the market further.
The analyst provides an analysis of the key trends in each sub-segment of the global hemp-based food market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on product and distribution channel.
The report has also analysed the competitive landscape of the market with some of the key players being Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd. (Tilray, Inc), GFR Ingredients Inc., Hemp Foods Australia Pty Ltd. (Elixinol Global Limited), Hempco Food and Fiber Inc. (Aurora Cannabis Inc.), Naturally Splendid Enterprises, Isodiol International Inc., Navitas Organics, Nutiva and T12 Holdings Pty Ltd. (Cann Global Limited).
Hemp-based food, such as hemp seeds, milk and hemp oil, cheese substitutes and protein powder, is obtained by harvesting the hemp plant and hulling whole hemp seeds to separate oil-rich kernels. Both the shells and hulled hemp seeds are rich sources of fiber, vitamins and minerals, including magnesium, phosphorus, potassium, vitamin A, B, C and E, zinc and iron. They are also free from gluten, allergens, lactose, phytoestrogens and pesticides. They are commonly used to manufacture granola bars, corn chips, pretzels, bread and cereals.
The growing food and beverage industry and increasing consumer preferences for vegan food products, represent as the key factors creating a positive outlook for the market. Furthermore, rising health consciousness and consumer awareness regarding the nutritional benefits of hemp-based food products is also driving the market growth. Due to the sedentary lifestyle of the masses, there is an escalating prevalence of various chronic-medical ailments. Hemp-based food products aid in balancing insulin levels, improving cardiac function, reducing stress and anxiety and promoting joint health, thereby favoring the market growth. Additionally, the continual launch of innovative product variants, such as hemp seed-based sauces, burgers, shakes, ice creams and desserts, is acting as another growth-inducing factor. In line with this, cafes, restaurants and other eateries are experimenting with a variety of flavors and combinations of hemp to offer unique and innovative dishes to their customers. Other factors, including the premiumization of gluten-free and organic food and beverages, along with aggressive promotional activities by manufacturers through various online retail channels, are anticipated to drive the market further.
Key Market Segmentation
The analyst provides an analysis of the key trends in each sub-segment of the global hemp-based food market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on product and distribution channel.
Breakup by Product
- Hemp Protein Powder
- Hemp Seed Oil
- Hemp Seeds
- Others
Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd. (Tilray, Inc), GFR Ingredients Inc., Hemp Foods Australia Pty Ltd. (Elixinol Global Limited), Hempco Food and Fiber Inc. (Aurora Cannabis Inc.), Naturally Splendid Enterprises, Isodiol International Inc., Navitas Organics, Nutiva and T12 Holdings Pty Ltd. (Cann Global Limited).
Key Questions Answered in This Report
- How has the global hemp-based food market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global hemp-based food market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global hemp-based food market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hemp-Based Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Hemp Protein Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hemp Seed Oil
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hemp Seeds
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Convenience Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Canada Hemp Foods Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Fresh Hemp Foods Ltd. (Tilray Inc.)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 GFR Ingredients Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Hemp Foods Australia Pty Ltd. (Elixinol Global Limited)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Hempco Food and Fiber Inc. (Aurora Cannabis Inc.)
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Naturally Splendid Enterprises
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Isodiol International Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Navitas Organics
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Nutiva
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 T12 Holdings Pty Ltd. (Cann Global Limited)
13.3.10.1 Company Overview
13.3.10.2 Product PortfolioList of Figures
Figure 1: Global: Hemp-Based Food Market: Major Drivers and Challenges
Figure 2: Global: Hemp-Based Food Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Hemp-Based Food Market: Breakup by Product (in %), 2020
Figure 4: Global: Hemp-Based Food Market: Breakup by Distribution Channel (in %), 2020
Figure 5: Global: Hemp-Based Food Market: Breakup by Region (in %), 2020
Figure 6: Global: Hemp-Based Food Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Global: Hemp-Based Food (Hemp Protein Powder) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Hemp-Based Food (Hemp Protein Powder) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Hemp-Based Food (Hemp Seed Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Hemp-Based Food (Hemp Seed Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Hemp-Based Food (Hemp Seeds) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Hemp-Based Food (Hemp Seeds) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Hemp-Based Food (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Hemp-Based Food (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Hemp-Based Food (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Hemp-Based Food (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Hemp-Based Food (Convenience Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Hemp-Based Food (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Hemp-Based Food (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Hemp-Based Food (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Hemp-Based Food (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Hemp-Based Food (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: North America: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: North America: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Canada: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Canada: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Asia Pacific: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Asia Pacific: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: China: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: China: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Japan: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Japan: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: India: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: India: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: South Korea: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: South Korea: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Australia: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Australia: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Indonesia: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Indonesia: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Others: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Others: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Europe: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Europe: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Germany: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Germany: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: France: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: France: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: United Kingdom: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: United Kingdom: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Italy: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Italy: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Spain: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Spain: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Russia: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Russia: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Latin America: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Latin America: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Brazil: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Brazil: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Mexico: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Mexico: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Middle East and Africa: Hemp-Based Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Middle East and Africa: Hemp-Based Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Global: Hemp-Based Food Industry: SWOT Analysis
Figure 72: Global: Hemp-Based Food Industry: Value Chain Analysis
Figure 73: Global: Hemp-Based Food Industry: Porter’s Five Forces AnalysisList of Tables
Table 1: Global: Hemp-Based Food Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Hemp-Based Food Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Hemp-Based Food Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Global: Hemp-Based Food Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Hemp-Based Food Market Structure
Table 6: Global: Hemp-Based Food Market: Key Players
Companies Mentioned
- Canada Hemp Foods Ltd.
- Fresh Hemp Foods Ltd. (Tilray Inc)
- GFR Ingredients Inc.
- Hemp Foods Australia Pty Ltd. (Elixinol Global Limited)
- Hempco Food and Fiber Inc. (Aurora Cannabis Inc.)
- Naturally Splendid Enterprises
- Isodiol International Inc.
- Navitas Organics
- Nutiva and T12 Holdings Pty Ltd. (Cann Global Limited)
Methodology
LOADING...
