Europe Hemp Milk Market Size, Share & Trends Analysis Report By Source (Organic and Conventional), By Type (Sweetened and Unsweetened), By Distribution Channel, By Packaging, By Country and Growth Forecast, 2024 - 2031

Europe Hemp Milk Market Size, Share & Trends Analysis Report By Source (Organic and Conventional), By Type (Sweetened and Unsweetened), By Distribution Channel, By Packaging, By Country and Growth Forecast, 2024 - 2031

The Europe Hemp Milk Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 12,959.7 tonnes, showcasing a growth of 16.5% (2020-2024).

Sweetened hemp milk is a popular category within the hemp milk market, catering to consumers who prefer a slightly sweetened taste in their plant-based beverages. Typically, flavoured with natural sweeteners like cane sugar, agave syrup, or maple syrup, this variant appeals to those seeking a healthy alternative to dairy milk without compromising on taste. Sweetened hemp milk often features additional flavor enhancements, such as vanilla or chocolate, making it a versatile option for various applications, including smoothies, cereals, and coffee. Hence, the Germany market is expected to utilize 4,821.0 tonnes of sweetened hemp milk by the year 2031.

The Germany market dominated the Europe Hemp Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $109.7 million by 2031. The UK market is exhibiting a CAGR of 14% during (2024 - 2031). Additionally, The France market would experience a CAGR of 16% during (2024 - 2031).

Several factors influence the adoption of hemp milk, including a growing awareness of health and wellness, dietary preferences, and environmental concerns. Increasing awareness of the health benefits of plant-based diets is a significant driver of hemp milk adoption. Consumers are becoming more conscious of the nutritional value of their food choices, seeking alternatives that offer functional health benefits.

Moreover, the rise of veganism, vegetarianism, and flexitarian diets has boosted the demand for plant-based milk alternatives. Hemp milk appeals to these consumer segments due to its comparable protein content to dairy milk. Most people are lactose intolerant or allergic to dairy proteins. Hemp milk provides a suitable alternative for these individuals, allowing them to enjoy milk-like products without adverse reactions.

The substantial presence of food and beverage processing enterprises in the EU creates fertile ground for the growth of the hemp milk market. According to Eurostat, in 2020, 291,000 F&B processing enterprises were found in the EU, constituting 14.1% of all manufacturing enterprises. This extensive network of processing facilities enhances the production capacity and distribution channels for hemp milk, making it more accessible to consumers across Europe.

Based on Source, the market is segmented into Organic and Conventional. Based on Type, the market is segmented into Sweetened and Unsweetened. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Stores, Online Retail, and Other Distribution Channels. Based on Packaging, the market is segmented into Cartons, Bottle, and Other Packaging. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Campbell Soup Company (Pacific Foods of Oregon, Inc.)
• Hudson River Foods
• annaharribakes
• Living Harvest Conscious Nutrition
• Tilray Brands, Inc.
• The First Mess
• Braham & Murray Ltd.
• SunOpta, Inc.

Europe Hemp Milk Market Report Segmentation

By Source (Volume, Tonnes, USD Billion, 2020-2031)

• Organic
• Conventional

By Type (Volume, Tonnes, USD Billion, 2020-2031)

• Sweetened
• Unsweetened

By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)

• Supermarket & Hypermarket
• Convenience Stores
• Online Retail
• Other Distribution Channels

By Packaging (Volume, Tonnes, USD Billion, 2020-2031)

• Cartons
• Bottle
• Other Packaging

By Country (Volume, Tonnes, USD Billion, 2020-2031)

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe