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Hemp Milk Market by Variants (Flavoured, Unflavoured), by Type (Sweetened, Unsweetened), by Category (Organic, Conventional), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail), by North America (United States, Canada, Mexico), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The size of the Hemp Milk Market was valued at USD 117 USD Million in 2023 and is projected to reach USD 175.92 USD Million by 2032, with an expected CAGR of 6 % during the forecast period. Hemp milk is a plant-based beverage made from hemp seeds, water, and sometimes sweeteners or flavorings. It is known for its creamy texture and slightly nutty taste. There are primarily two types of hemp milk: unsweetened and sweetened, with variations that may include flavors like vanilla or chocolate. Its features include being a rich source of essential fatty acids, such as omega-3 and omega-6, and providing a good amount of protein and calcium. Hemp milk is often used as a dairy alternative in cereals, smoothies, and coffee, catering to those with lactose intolerance or dietary preferences. Additionally, it is considered environmentally friendly due to hemp's minimal water and pesticide requirements.
Hemp Milk Trends
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This market report provides a comprehensive analysis of the global hemp milk industry, including market size, segmentation, competitive landscape, and growth opportunities. It serves as a valuable resource for investors, industry participants, and stakeholders looking to understand the dynamics and future prospects of the hemp milk market.
North America is the dominant region in the global hemp milk market, followed by Europe and Asia-Pacific. The growing vegan population and favorable regulatory environment in these regions are supporting the market growth.
Consumers are increasingly seeking healthier and more sustainable food options, which is driving the demand for hemp milk. The growing awareness of the environmental benefits of hemp cultivation is further fueling the market growth.
The key DROCs (Drivers, Restraints, Opportunities, and Challenges) influencing the hemp milk market are:
Strengths: Nutritional benefits, lactose-free, sustainable.
Weaknesses: Limited availability, price premium.
Opportunities: Emerging trends in hemp milk, growth in vegan population.
Threats: Competition from traditional dairy milk, regulatory hurdles.
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6 % from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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