Dublin, Jan. 11, 2022 (GLOBE NEWSWIRE) -- The "Hemp-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global hemp-based food market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Hemp-based food, such as hemp seeds, milk and hemp oil, cheese substitutes and protein powder, is obtained by harvesting the hemp plant and hulling whole hemp seeds to separate oil-rich kernels. Both the shells and hulled hemp seeds are rich sources of fiber, vitamins and minerals, including magnesium, phosphorus, potassium, vitamin A, B, C and E, zinc and iron. They are also free from gluten, allergens, lactose, phytoestrogens and pesticides. They are commonly used to manufacture granola bars, corn chips, pretzels, bread and cereals.
The growing food and beverage industry and increasing consumer preferences for vegan food products, represent as the key factors creating a positive outlook for the market. Furthermore, rising health consciousness and consumer awareness regarding the nutritional benefits of hemp-based food products is also driving the market growth. Due to the sedentary lifestyle of the masses, there is an escalating prevalence of various chronic-medical ailments. Hemp-based food products aid in balancing insulin levels, improving cardiac function, reducing stress and anxiety and promoting joint health, thereby favoring the market growth.
Additionally, the continual launch of innovative product variants, such as hemp seed-based sauces, burgers, shakes, ice creams and desserts, is acting as another growth-inducing factor. In line with this, cafes, restaurants and other eateries are experimenting with a variety of flavors and combinations of hemp to offer unique and innovative dishes to their customers. Other factors, including the premiumization of gluten-free and organic food and beverages, along with aggressive promotional activities by manufacturers through various online retail channels, are anticipated to drive the market further.
Key Market Segmentation
The analyst provides an analysis of the key trends in each sub-segment of the global hemp-based food market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on product and distribution channel.
Breakup by Product
- Hemp Protein Powder
- Hemp Seed Oil
- Hemp Seeds
- Others
Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd. (Tilray, Inc), GFR Ingredients Inc., Hemp Foods Australia Pty Ltd. (Elixinol Global Limited), Hempco Food and Fiber Inc. (Aurora Cannabis Inc.), Naturally Splendid Enterprises, Isodiol International Inc., Navitas Organics, Nutiva and T12 Holdings Pty Ltd. (Cann Global Limited).
Key Questions Answered in This Report
- How has the global hemp-based food market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global hemp-based food market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global hemp-based food market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hemp-Based Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Hemp Protein Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hemp Seed Oil
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hemp Seeds
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Convenience Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Canada Hemp Foods Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Fresh Hemp Foods Ltd. (Tilray Inc.)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 GFR Ingredients Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Hemp Foods Australia Pty Ltd. (Elixinol Global Limited)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Hempco Food and Fiber Inc. (Aurora Cannabis Inc.)
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Naturally Splendid Enterprises
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Isodiol International Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Navitas Organics
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Nutiva
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 T12 Holdings Pty Ltd. (Cann Global Limited)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/e4dvnn
