Global Hemp Juice Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Hemp Juice Market 2021 (Includes Business Impact of COVID-19)
Global Hemp Juice Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global hemp juice market report has been segmented as per nature, form, end user, distribution channel, and region.
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The global Hemp Juice market size was valued at USD$ 159.32 million in 2020 and is projected to reach $335.72 million by 2030, and is anticipated to expand at a CAGR of 5.13% over the forecast period from 2020 to 2030.


Global Hemp Juice Market: Overview


Hemp juice is obtained from the upper part and leaves of the hemp plant. To extract hemp juice, the majority of juice manufacturers used low-speed juicers. The hemp juice contains high Calcium, Vitamin E, Zinc, Magnesium, Selenium, Iron, Phosphorus, and Vitamin A. In addition, this juice reduces the risk of many diseases and improve health. Many individuals mostly preferred hemp juice due to various health benefits associated with it.


Global Hemp Juice Market: Dynamics


Increasing hectic lifestyle and stress among the young population of various countries and rising consumer preference towards hemp juice for a healthy lifestyle are major factors anticipated to propel growth of the global market over the forecast period. In addition, rising consumption of hemp juice across the globe due to the presence of antioxidants improves health, raises the energy levels, and others. Increasing awareness about various health benefits associated with hemp juice such as easy digestion, reduce tiredness and fatigue and helps to maintain eye, teeth, skin, and bone health resulting in the growing demand for hemp juice among individuals. These are other factors projected to support the growth of target market during the forecast period.

Growing demand for hemp juice among individuals to remain fresh and active at home as well as workplace and rising health consciousness among individuals are other factors projected to drive growth of the global market. In addition, increasing consumption of hemp juice, owing to the presence of minerals, vitamins, omega acids, and other vital nutrients is key factor expected to fuel growth of the target market over the forecast period.

Furthermore, rising advancement in the hemp juice extraction processes by major hemp juice producers across the globe is another factor projected to boost growth of the target market in the next 10 years.

However, factors anticipated to hamper growth of the global hemp juice market include high production cost and high price associated with liquid and powder form hemp juice.


Global Hemp Juice Market: Segment Analysis


Increasing demand for hemp-based beauty products across the globe and rising adoption of hemp juice in the pharmaceutical sector across the globe is the primary factor driving revenue growth of the commercial segment among the end-user segments.

Among the distribution channel segments, the e-commerce segment is forecasted to witness the highest growth in the global hemp juice market, owing to various facilities provided by e-commerce industry such as attractive product discount, product price comparison, easy payment, free home delivery, and others.


Global Hemp Juice Market: Region Analysis


The hemp juice market in Europe holds a major share in terms of revenue in the global market followed by the market in North America, owing to increasing health-conscious consumers and high consumption of hemp juice in the countries such as France, UK, Germany, Italy, Canada, and the US in these regions. Market in Asia Pacific is anticipated to register a substantial growth in the global market followed by market in Middle East & Africa and Latin America, owing to high preference for liquid and powder form hemp juice among individuals in the countries such as India, China, Brazil Israel, South Africa, and Mexico in these regions.


Below are the active patents related to Hemp Juice Market.


Patent Number: US20140044807A1

Method of Obtaining Hemp Plant Juice and Use of Same for the Production of Beverages

Abstract

The present invention relates to a method for producing beverages on the basis of juice from the hemp plant. The invention relates to a method for obtaining juice suitable for human consumption from the hemp plant, wherein the complete hemp stem is pressed after harvest without prior drying or retting. The invention further provides a method for obtaining juice from the hemp plant, wherein the upper leafy part of the hemp plant is cut, the leaves are stripped of the remaining stem, fibres and shives being separated from each other at the stem, the leafy part of the stem, the fibres and the shives being pressed individually under pressure and the so obtained pressed juices are being mixed in a controlled manner. In a yet further aspect, the invention relates to a method for the manufacturing of beverages on the basis of juice from the hemp plant, wherein the hemp juice is mixed with yeast and than fermented.

Application File Date: 2012-01-18

Application Granted Date: 2014-07-15

Current Assignee: CLAREMONT COLLECTION HANDELSGESELLSCHAFT MBH

Patent Number: CN103327830A

Method of obtaining hemp plant juice and use of same for the production of beverages

Abstract

The present invention relates to a method for producing beverages on the basis of juice from the hemp plant. Leaves and bloom of the hemp plant have previously been processed to ethereal hemp oils by water steam distillation. Hemp seeds are an indispensable part of bird feeding. Hemp oil can also be obtained from the hemp seeds. Hemp fibres are separated from the stems by breaking or milling of the stems. Depending on the lengths of the obtained fibre, coarse fleece or fine cellulose is produced. A common application is as sealing material of pipe threads. The invention relates to a method for obtaining juice suitable for human consumption from the hemp plant, wherein the complete hemp stem is pressed after harvest without prior drying or retting.; The invention further provides a method for obtaining juice from the hemp plant, wherein the upper leafy part of the hemp plant is cut, the leaves are stripped of the remaining stem, fibres and shives being separated from each other at the stem, the leafy part of the stem, the fibres and the shives being pressed individually under pressure and the so obtained pressed juices are being mixed in a controlled manner. In a yet further aspect, the invention relates to a method for the manufacturing of beverages on the basis of juice from the hemp plant, wherein the hemp juice is mixed with yeast and than fermented.

Application File Date: 2012-01-18

Application Granted Date: 2016-04-27

Current Assignee: CLAREMONT COLLECTION HANDELSGMBH

Patent Number: CA2824956C

Method of obtaining hemp plant juice and use of same for the production of beverages

Abstract

The present invention relates to a method for producing beverages on the basis of juice from the hemp plant. The invention relates to a method for obtaining juice suitable for human consumption from the hemp plant, wherein the complete hemp stem is pressed after harvest without prior drying or retting. The invention further provides a method for obtaining juice from the hemp plant, wherein the upper leafy part of the hemp plant is cut, the leaves are stripped of the remaining stem, fibers and shives being separated from each other at the stem, the leafy part of the stem, the fibers and the shives being pressed individually under pressure and the so obtained pressed juices are being mixed in a controlled manner. In a yet further aspect, the invention relates to a method for the manufacturing of beverages on the basis of juice from the hemp plant, wherein the hemp juice is mixed with yeast and then fermented.

Application File Date: 2012-01-18

Application Granted Date: 2015-05-05

Current Assignee: CLAREMONT COLLECTION HANDELSGESELLSCHAFT MBH

Global Hemp Juice Market Segmentation:

Segmentation by Nature:

  
Conventional
  
Organic

Segmentation by Form:

  
Liquid
  
Powder

Segmentation by End User:

  
Commercial
  
Cosmetics and Personal Care
  
Pharmaceutical
  
Household

Segmentation by Distribution Channel:

  
Hypermarkets and Supermarkets
  
Specialty Stores
  
E-commerce
  
Convenience Stores


Key Market Players included in the report:


  
Blue Moon Hemp Co.
  
CBD Health Solutions
  
Chi Hemp Industries Inc.
  
Cloud 9 Hemp
  
Elev8 BrandsInc.
  
HANOJU Deutschland GmbH
  
Hemp Extraction Technology Corp.
  
North American Cannabis HoldingsInc.
  
Palmetto Harmony Limited
  
Portland juice co.
  
Sana Hemp Juice
  
Whole Hemp Company LLC


Below are the key development related to Hemp Juice Market in 2020 and 2021.


April 2021: Good Hemp completes acquisition of alkaline water company Diamond Creek. Hemp-infused beverage producer, Good Hemp, has closed its acquisition of Diamond Creek Group, as it looks to capitalise on the growing demand for functional waters. Diamond Creek is a provider of ionised high alkaline natural spring water, which it sells in 1 gallon, 1 litre and 500ml bottles. In its 2020 review, Good Hemp said that its acquisition of Diamond Creek aligns with its distribution footprint expansion plans, and positions the company with an easier route to gain shelf space for its CBD-based products. With the deal, Good Hemp also aims to capitalise on the growth in the market for functional and alkaline waters. The acquisition sees Diamond Creek become a wholly owned subsidiary of Good Hemp.Source