NEWARK, Del, May 03, 2022 (GLOBE NEWSWIRE) -- According to a recent report by Future Market Insights, sales of hemp milk market are estimated to reach a value of US$ 236.4 Mn by 2032, surging at 7.3% CAGR through the decade.
Rising awareness regarding the functional benefits of plant-based food and beverage products is expected to drive sales of hemp milk over the forecast period. Manufacturers are launching a wide variety of hemp milk such as unsweetened, flavoured and non-flavoured options.
Further, consumers are getting more aware of the health benefits of hemp milk. It contains omega-3 fatty acids, protein, vitamins, and is low in fat, making it a desirable substitute to conventional dairy milk.
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Hemp milk is also a great source of minerals and vitamins like calcium, iron, and others, which has increased its popularity among fitness enthusiasts. Growing consumption of ready-made foods and beverages, along with high preference for organic and clean-label products will augment the growth in the market.
List of Key Players Covered in Hemp Milk Market are:
- Hudson River Foods
- Pacific Foods of Oregon Inc.
- Good Mylk Co.
- California Natural Products
- SunOpta
- Braham & Murray Good Hemp
- Golden Hemp Company
- Manitoba Harvest Hemp Foods
- Elmhurst1925
- Living Harvest Foods Inc.
- Ecomil
- Z-company
Key Takeaways from Market Study
Sales of hemp milk in the U.S. are projected to increase at a 5.7% CAGR, accounting for a dominant share of the North America hemp milk market.
Demand in the Italy hemp milk market are forecast to grow at a 11.7% CAGR over the forecast period.
In terms of sales channel, total sales in the offline segment are projected to hold more than 3/4th of the market share in 2022.
“Increasing incorporation of hemp milk in the foodservice sector is expected to fuel demand in the market in the forthcoming years. Besides this, growing popularity of veganism across emerging economies will boost sales over the forecast period,” says and FMI analyst.
Browse Detailed Summary of Research Report with TOC@ https://www.futuremarketinsights.com/reports/hemp-milk-market
Competition Landscape
Key players operating global hemp milk market are investing in partnerships and collaborations with other manufacturers in order to expand their product manufacturing facilities. For instance:
SunOpta announced in February that it had purchased Dream and WestHemp from the Hain Celestial Group, two of the largest and most established brands in the shelf-stable plant-based dairy products sector. SunOpta increased its beverage plant capacity in Allentown, Pennsylvania.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of hemp milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the hemp milk based on form (liquid and powder), flavor type (original/unflavored and flavored), end use (dairy products, bakery & confectionery, milk & milk-based beverages, retail sales), and sales channel (direct and indirect) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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Detailed Table of Content:
- Executive Summary
- Global Market Outlook
- Demand-side Trends
- Supply-side Trends
- Technology Roadmap Analysis
- Analysis and Recommendations
- Market Overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limitations
- Market Background
- Market Dynamics
- Drivers
- Restraints
- Opportunity
- Trends
- Scenario Forecast
- Demand in Optimistic Scenario
- Demand in Likely Scenario
- Demand in Conservative Scenario
- Product launches & Recent Developments
- Product Life Cycle Analysis
- Value Chain Analysis
- Supply Side Participants and their Roles
- Producers
- Mid-Level Participants (Traders/ Agents/ Brokers)
- Wholesalers and Distributors
- % of Operating Margin Analysis
- List of Raw Material Suppliers
- List of Existing and Potential Buyer’s
- Supply Side Participants and their Roles
- Global Hemp Milk Market- Pricing Analysis
- Price Point Assessment by Region
- Price Point Assessment by Product Type
- Price Forecast till 2032
- Factors affecting Pricing
- Forecast Factors - Relevance & Impact
- PESTLE and Porter’s Analysis
- Regulatory Landscape
- Packaging & Labelling Regulations
- Certifications and Certifying Agency Overview
- Import/Export Policies
- Regional Parent Market Outlook
- Consumers Survey Analysis
- Macro-Economic Factors
- Product Claims & Nutritional Information Scan by Buyers
- Market Dynamics
- Global Hemp Milk Market Analysis 2017-2021 and Forecast, 2022-2032
- Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2017-2021
- Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2022-2032
- Y-o-Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Global Hemp Milk Market Analysis 2017-2021 and Forecast 2022-2032, By Form
- Introduction / Key Findings
- Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Form, 2017-2021
- Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Form, 2022-2032
- Liquid
- Powder
- Y-o-Y Growth Trend Analysis By Form, 2017-2021
- Absolute $ Opportunity Analysis By Form, 2022-2032
TOC Continued…!
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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