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.Nine 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 wealthy in protein, vitamins, and minerals. Hemp seeds are the best safe to eat seeds with gamma-linolenic acid (GLA). Whole hemp seeds are bloodless-pressed for oil and can even be hulled for exposing the seed meat.
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 revel in fantastic growth in the future because of the increasing product demand from the food and beverage.
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 feature, stabilize temper swings, and sell better pores and skin and joint health. Moreover, as commercial hemp cultivation is unlawful in a few international locations throughout the globe, the industry is basically dependent on the import of raw fibers, seeds, and finished merchandise.
In 2017, around 36 countries grew commercial hemp, by the provisions specific through 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 increase in a previous couple of years. Countries like China and the UK are investing large amounts in the studies and improvement of hemp-primarily based meals product. Various innovation facilities are also being opened via the important thing market gamers to extend their production skills to meet the developing call for by the cease-users.
However, the excessive value of uncooked substances may additionally impede the hemp-based totally food market development. Alternatively, the increasing call for inside the meals and beverage industry is projected to, in addition, make contributions to the developing call 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 time 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
Global Hemp-Based Food Market: Distribution Channel Analysis