Global Hemp-Based Foods Market 2024-2028
The hemp-based foods market is forecasted to grow by USD 6910.9 million during 2023-2028, accelerating at a CAGR of 16.41% during the forecast period. The report on the hemp-based foods market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing vegan population and cases of celiac disease, new product launches in hemp-based foods market, and rise in government approval of hemp cultivation and consumption.
Technavio's hemp-based foods market is segmented as below:
By Distribution Channel
By Product
- Hemp seed-based foods
- Hemp protein-based foods
- Hemp oil-based foods
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing demand for organic hemp-based foods as one of the prime reasons driving the hemp-based foods market growth during the next few years. Also, certifying hemp-based foods and growing strategic collaboration, partnership, and m and a will lead to sizable demand in the market.
The report on the hemp-based foods market covers the following areas:
- Hemp-based foods market sizing
- Hemp-based foods market forecast
- Hemp-based foods market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hemp-based foods market vendors that include Ananta Hemp Works, Bombay Hemp Co. Pvt. Ltd., Boring Hemp Co., CANAH INTERNATIONAL Srl, Cann Global Ltd., Canopy Growth Corp., GFR Ingredients Ltd., HempFlax Group BV, Hemp Juice Company BV, Hempro Int. GmbH, Hudson River Foods, Isodiol International Inc., Liaoning Qiaopai Biotech Co. Ltd., Naturally Hemps LLC, Navitas LLC, North American Hemp and Grain Co., Nutiva Inc., The Hemp Corp. Pty Ltd., Victory Hemp Foods, and Yunnan Hua Fang Industrial Hemp Co. Ltd.. Also, the hemp-based foods market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.