North America 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

North America 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 North America Hemp Milk Market would witness market growth of 14.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 15,321.1 tonnes, showcasing a growth of 17.3% (2020-2023).

In the hemp milk market, organic as a source refers to the use of hemp seeds cultivated without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). Organic hemp milk is increasingly sought after by health-conscious consumers who prioritize clean-label products that align with their sustainability and wellness values. This segment ensures higher nutritional integrity, free from chemical residues, and aligns with environmental conservation principles. Thus, the Canada market is expected to consume 53.87 tonnes of organic hemp milk by the year 2031.

The US market dominated the North America Hemp Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $428.5 million by 2031. The Canada market is experiencing a CAGR of 17% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16% during (2024 - 2031).

The hemp milk market has grown significantly recently, driven by increasing consumer demand for plant-based and dairy-free alternatives. As an emerging segment within the broader plant-based milk market, hemp milk stands out for its unique nutritional profile, sustainability, and versatility in various applications.

Moreover, hemp milk is derived from the hemp plant seeds (Cannabis sativa). Unlike its psychoactive cousin, marijuana, hemp contains negligible amounts of tetrahydrocannabinol (THC), the compound responsible for the high associated with cannabis. This makes hemp milk a safe and legal product for consumption.

The rising awareness of health issues and the growth of e-commerce significantly influence consumer preferences in the dairy alternative industry. These factors in the United States and Canada create a favorable environment for the hemp milk market to thrive. According to the National Library of Medicine, lactose intolerance affects about 30 million American adults by age 20. This widespread issue drives many to seek dairy alternatives, fueling the growth of the hemp milk market. Hemp milk, being lactose-free and rich in nutrients, is a popular choice for those with lactose intolerance, contributing to its rising demand in the U.S.

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 U.S., Mexico, Canada, and Rest of North America.

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.

North America 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)

• US
• Canada
• Mexico
• Rest of North America