Zion Market Research has published a new report titled ‘Hemp-Based Food Market By Product (Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed, and Others) and By Distribution Channel (Supermarket Stores, Convenience Stores, Hypermarket Stores, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182026. According to the record, the global hemp-based meals market was approximately USD 3 billion in 2018 and is predicted to generate around USD 4.89 billion by 2026, at a CAGR of around 6.2% between 2019 and 2026. Hemp is broadly used as a source of fiber and oil. Hemp seeds are rich in protein, vitamins, and minerals. Hemp seeds are the safest seeds to eat with gamma-linolenic acid (GLA). Whole hemp seeds are cold-pressed for oil and can even be hulled to expose the seed meat.
Request Sample
Request Customization
Buy Now
Browse the overall ‘Hemp-Based Food Market By Product (Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed, and Others) and By Distribution Channel (Supermarket Stores, Convenience Stores, Hypermarket Stores, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast. The worldwide hemp-based total grocery store is probably to experience fantastic growth in the future because of the increasing product demand from the food and beverage industry.
This accelerated demand can be attributed to growing client consciousness regarding the benefits of hemp merchandise. These products are a rich source of omega-3 and omega-6, amino acids, and proteins, which use resources to balance insulin, improve cardiac function, stabilize temper swings, and improve pores and skin and joint health. Moreover, as commercial hemp cultivation is unlawful in a few international locations throughout the globe, the industry is dependent on the import of raw fibers, seeds, and finished products.
In 2017, around 36 countries grew commercial hemp, according to the provisions specific to agriculture in respective international locations. This upward push inside the boom of hemp seeds in exclusive areas has boosted the hemp-primarily based grocery store growth in the past couple of years. Countries like China and the UK are investing large amounts in the studies and improvement of hemp-primarily based products. Various innovation facilities are also being opened, via the important thing market gamers extend their production skills to meet the growing demand of the end-users.
However, the excessive value of uncooked substances may additionally impede the hemp-based food market development. Alternatively, the increasing call for inside the meals and beverage industry is projected to, in addition, make contributions to the developing demand for an improvement of hemp-based food. This is expected to offer increased possibilities for the hemp-based grocery store.
Based on product, the hemp-based food market is fragmented into hemp seed oil, hemp protein powder, entire hemp seed, hulled hemp seed, and others. The hemp seed oil segment currently holds the highest market percentage and is possible to grow similarly over the forecast period. On the premise of the distribution channel, the hemp-based grocery store is categorized into supermarket shops, convenience shops, hypermarket stores, and others.
By region, international hemp-primarily based grocery store includes North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The Asia Pacific turned into the biggest market for hemp-based food products in 2018. The area’s key sales wallet are the emerging international locations of China and India, which can be the important purchasers of hemp-primarily based food products.
Some major gamers running within the international hemp-based food market are Agropro, Nutiva, Hempco, Manitoba Harvest, Canada Hemp Foods, Elixinol, Braham & Murray, Healthy Brands Collective, Laguna Blends, The Cool Hemp Company, Hemp Foods Australia, Mettrum Originals, and Jinzhou Qiaopai Biotech. This document segments the global hemp-primarily based food market into:
Global Hemp-Based Food Market: Product Analysis
Hemp Seed Oil
Hemp Protein Powder
Whole Hemp Seed
Hulled Hemp Seed
Others
Global Hemp-Based Food Market: Distribution Channel Analysis
