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

                                          
Report updated on 11th September, 2021: Global Hemp Milk Market 2021 (Includes Business Impact of COVID-19)
Global Hemp Milk Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global hemp milk market report has been segmented as per product type, sales channel, and region.
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The global Hemp Milk market size was valued at USD $538.89 million in 2020 and is projected to reach $2141.14 million by 2030, and is anticipated to expand at a CAGR of 14.83% over the forecast period from 2020 to 2030.


Global Hemp Milk Market: Overview


Help milk is obtained from whole hemp seeds and it is the best alternative to the cow milk. This milk is a good source of healthy fats, minerals, nutrients, and high-quality plant protein. The various benefits associated with the hemp milk such as prevent heart disease, improve skin health, reduce risk of allergies, and others. I0n addition, the various types of hemp milk easily available across the globe such as unsweetened flavored, plain, and flavored.


Global Hemp Milk Market: Dynamics


Increasing preference for healthier food products among individuals and high consumption of several hemp milk products among consumers across the globe are major factors projected to proliferate growth of the global market over the forecast period. In addition, rising inclination towards the use of hemp milk for making latte coffees among various cafes in various economies coupled with rising demand for hemp milk lattes among coffee consumers across the globe. These are some other factors forecasted to drive growth of the target market during the forecast period.

Growing awareness among individuals about various health benefits such as prevent heart and skin diseases, cardiovascular disease, and others associated with hemp milk and rising availability of hemp milk products in supermarkets, hypermarkets, and e-commerce sector. These are among other factors forecasted to propel growth of the global market. In addition, increasing consumption of hemp milk across the globe due to it contains phosphorus, vitamins A, D, and B12, calcium, and others is a key factor expected to proliferate growth of the global hemp milk market.

Furthermore, frequent launching of advanced hemp plant-based products and rising processes innovations by major hemp milk producers across the globe is another factor forecasted to propel growth of the global market in the upcoming years.

However, the easy availability of hemp milk alternatives such as cow milk and others in the market is a key factor projected to restraint growth of the target market.


Global Hemp Milk Market: Segment Analysis


Increasing consumption of unsweetened flavored hemp milk across the globe due to high health consciousness among consumers is the primary factor driving significant growth of the unsweetened flavored segment among the product type segments.

Among the sales channel, the supermarkets segment is forecasted to register the fastest growth in the global hemp milk market, owing to various facilities offered by supermarkets to the consumers such as wide range of product availability, products price comparison, easy payment, and others.


Global Hemp Milk Market: Region Analysis


The hemp milk market in North America and Europe regions hold the highest revenue share in the target market and are projected to dominate the global market during the forecast period. High consumption of a variety of hemp milk products and high health concern among individuals in the countries such as Canada, US, Italy, Germany, Russia, and France in these regions. In addition, the market in the Asia Pacific region is forecasted to witness significant growth in the target market, owing to high awareness among individuals about health benefits associated with the hemp milk and high consumption of hemp milk in the countries such as China, Japan, and India in this region. The market in Latin America and Middle East & Africa are projected to register average growth in the global market, owing to the rising availability of hemp milk in hypermarket, supermarket, and other distribution channels in many countries in these regions.

Global Hemp Milk Market Segmentation:

Segmentation by Product Type:

  
Flavored
  
Plain
  
Unsweetened Flavored

Segmentation by Sales Channel:

  
Hypermarkets
  
Supermarkets
  
E-commerce


Key Market Players included in the report:


  
Braham & Murray,
  
Cell-Nique Corporation
  
Drink Daily Greens LLC
  
Ecomil
  
Good Hemp Food
  
Goodmylk Co.
  
Healthy Brands Collective
  
Manitoba Harvest Hemp Foods
  
milkadamia
  
Organic Hemp Milk Australia
  
Pacific Foods of Oregon Inc.
  
The Fix Juice Pty Ltd
  
Victory Hemp Foods
  
Waska Farms
  
Wild Harvest Organics