Hemp Milk Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3914 | Report Format : | Status : Upcoming |

Abstract

Global Hemp Milk Market: Overview

Help milk is a plant-based alternative to cow milk and is made up from whole hemp seeds. It is rich in high-quality plant protein, healthy fats, and minerals. Drinking hemp milk may benefit skin health and protect against heart disease. Hemp milk is made by blending water with the seeds of the hemp plant, Cannabis sativa. The product does not cause mind-altering effects and possesses earthy, nutty flavor and creamy consistency. It finds myriad applications in smoothies, coffee, sweeteners, thickeners, salt, and cereals

Global Hemp Milk Market: Growth Factors

Increasing preference among the consumers towards healthier foodstuffs has made them try out various alternatives that include the hemp milk products. Numerous cafes around have already started to prefer using hemp milk for making latte coffees, thereby lucratively contributing towards the global hemp milk market. In addition, aspects such as lactose intolerance and milk allergy, both of which are not a part of hemp milk products will contribute notably towards the hemp milk market size. Medical experts and healthcare professionals are of the view that the hemp milk offers protection against skin disease and cardiovascular ailment. It has been cited that the product has elevated nutrient value and is comprises of a large proportion of proteins as well as healthy fats. Escalating demand for hemp plant-based product over cow milk can be attributed to its comprising of lesser calories and the nearly same amount of fat. Hemp milk is fortified with calcium, phosphorus and vitamins A, B12, and D and this can enhance the market demand as well as its scope.

Global Hemp Milk Market: Segmentation

The global hemp milk market can be divided into product type and application. Based on the product type, the market classified into the plain, low-sugar, sweetened flavor, and unsweetened flavored products. On the basis of the application type, the hemp milk market is segmented into a supermarket and online stores.

Global Hemp Milk Market: Regional Analysis

Based on regions, the global hemp milk market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are anticipated to dominate the hemp milk market in terms of growth over the next few years.  The massive sale of almonds in the country like the U.S. has depicted the popularity of hemp milk products in the region. With chilled soy milk sale in the UK and oat milk in Sweden, European market growth is anticipated to gain momentum over the years ahead.  Massive product demand in countries such as China, India, Singapore, Thailand, Indonesia, and Japan will catalyze the market growth in Asia Pacific region in the coming decade.

Latin American market has the huge market growth potential and is likely to contribute lucratively towards the global hemp milk market earnings in the coming years. 

Global Hemp Milk Market: Competitive Players

Some of the major players operating in hemp milk market include Healthy Brands Collective, Drink Daily Greens LLC, Pacific Foods of Oregon Inc., Waska Farms, Wild Harvest Organics, and Braham & Murray among several others. 

Global Hemp Milk Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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