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Global Hemp Milk Market Share, Size, Trends, Forecast: By Variants: Flavoured, Unflavoured; By Type: Sweetened, Unsweetened; By Category: Organic, Conventional; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Others; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028

Global Hemp Milk Market Outlook

The global hemp milk market size reached a value of about USD 252.9 million in 2021. The market is further estimated to expand at a CAGR of 14.20% in the forecast period of 2023-2028 to reach a value of around USD 560.9 million by 2027.

 

Expansion of Online Channels and Supermarkets/Hypermarkets to Propel the Market Growth of Hemp Milk

With the expansion of supermarkets/hypermarkets and online channels, hemp milk is becoming increasingly accessible to consumers. The rising sales through these channels can be attributed to the improved living standards of people and their inclination towards healthy convenience foods. Additionally, the emergence of e-commerce ensures the immediate availability and home delivery of hemp milk, enhancing the buying experience of consumers.

 

North America Holds a Significant Share of the Global Hemp Milk Market

The increasing vegan population and the government initiatives towards boosting the production of hemp milk are contributing to the market growth of hemp milk in the North American region. The growing awareness about the health benefits of hemp milk and the high consumer spending power are providing a further impetus to the regional market expansion.

 

Meanwhile, the large-scale production of hemp in countries like China is resulting in the availability of raw materials in abundance, which is invigorating the market expansion for hemp milk in the Asia Pacific region.

 

Within Europe, Germany is a country which has seen a significant increase in both hemp cultivation and the number of companies that are authorised to produce hemp. In the country, the popularity of hemp-based food is rapidly growing, leading to its increased availability in German health food stores and supermarkets to meet this demand. Of the hemp-based products introduced in the German market in the past few years, a majority of the products were foods.

 

Market Segmentation

Hemp milk is popular plant-based milk, which is made by mixing water and seeds from the hemp plant. It has an earthy and nutty flavour and is rich in high-quality plant protein and healthy minerals.

 

The hemp milk market, by variants, is bifurcated into:

  • Flavoured
  • Unflavoured

 

Based on type, the market is segmented into:

  • Sweetened
  • Unsweetened

 

On the basis of category, the market is divided into:

  • Organic
  • Conventional

 

Based on distribution channel, the market is classified into:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online Retail

 

The regional markets for hemp milk can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Vegan Population to Drive the Hemp Milk Market Growth

The rising vegan population and the shift towards plant-based dairy alternatives are contributing to the market expansion of hemp milk. The market is also being driven by the growing concerns about animal welfare and the increasing cases of lactose intolerance among the population. Hemp milk has multiple potential health benefits, such as maintaining a healthy heart, boosting brain health, supporting the skin’s response to inflammation, and strengthening the immune system. It is free of soy, lactose, and gluten and thus, is gaining popularity among people who need to avoid these components.

 

Meanwhile, the large-scale cultivation of hemp is leading to the abundance of raw material required for help milk production. The government initiatives towards the production of hemp are also playing a critical role in bolstering the market. For instance, in 2018, the U.S. Agriculture Improvement Act approved the production of hemp and removed hemp from the list of Controlled Substances. Additionally, the U.S. Domestic Hemp Production Program is promoting the hemp production in the United States of America. Moreover,   initiatives taken by the market players to develop hemp food products of superior quality that meet the customer expectations are anticipated to further stimulate the market growth.

 

Key Players in the Global Hemp Milk Market

The report gives an in-depth analysis of the following key players, covering the competitive landscape and latest developments in the market like mergers and acquisitions, new investments, and plant turnarounds:

 

  • Hudson River Foods
  • Pacific Foods of Oregon INC.
  • Good Mylk Co.
  • Living Harvest Foods, Inc
  • Good Hemp Food
  • Organic Hemp Milk Australia
  • Milkadamia
  • Nutriops, S.L
  • Others

 

The comprehensive report by EMR offers an extensive assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Variants
  • Type
  • Category
  • Distribution Channel
  • Region
Breakup by Variants
  • Flavoured
  • Unflavoured
Breakup by Type
  • Sweetened
  • Unsweetened
Breakup by Category
  • Organic
  • Conventional
Breakup by Distribution Channel
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online Retail
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hudson River Foods
  • Pacific Foods of Oregon INC.
  • Good Mylk Co.
  • Living Harvest Foods, Inc
  • Good Hemp Food
  • Organic Hemp Milk Australia
  • Milkadamia
  • Nutriops, S.L
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hemp Milk Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hemp Milk Historical Market (2018-2022) 
    8.3    Global Hemp Milk Market Forecast (2023-2028)
    8.4    Global Hemp Milk Market by Variants
        8.4.1    Flavoured
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Unflavoured
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Hemp Milk Market by Type
        8.5.1    Sweetened
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Unsweetened 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Hemp Milk Market by Category
        8.6.1    Organic
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Conventional
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Hemp Milk Market by Distribution Channel
        8.7.1    Supermarkets/Hypermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Speciality Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Online Retail
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
    8.8    Global Hemp Milk Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Hudson River Foods
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Pacific Foods of Oregon INC.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Good Mylk Co.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Living Harvest Foods, Inc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Good Hemp Food
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Organic Hemp Milk Australia
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Milkadamia
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Nutriops, S.L
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Hemp Milk Market: Key Industry Highlights, 2018 and 2028
2.    Global Hemp Milk Historical Market: Breakup by Variants (USD Million), 2018-2022
3.    Global Hemp Milk Market Forecast: Breakup by Variants (USD Million), 2023-2028
4.    Global Hemp Milk Historical Market: Breakup by Type (USD Million), 2018-2022
5.    Global Hemp Milk Market Forecast: Breakup by Type (USD Million), 2023-2028
6.    Global Hemp Milk Historical Market: Breakup by Category (USD Million), 2018-2022
7.    Global Hemp Milk Market Forecast: Breakup by Category (USD Million), 2023-2028
8.    Global Hemp Milk Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9.    Global Hemp Milk Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10.    Global Hemp Milk Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Hemp Milk Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Hemp Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Hemp Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Hemp Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Hemp Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Hemp Milk Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Hemp Milk Market Structure

Key Questions Answered in the Report

In 2021, the market attained a value of nearly USD 252.9 million.

The major market drivers include the growing concerns about animal welfare, increasing cases of lactose intolerance, expanding distribution channels, improved living standards, and availability of raw material required for producing hemp milk, and the initiatives taken by market players to expand their product portfolio.

Hemp milk can be stored fresh up to 5 days when stored in silicon ice cube tray in a refrigerator.

Hemp milk contains hemp protein that can lower kidney damages and can prevent complications.

The key trends in the market include the increasing vegan population and the rising inclination towards plant-based milk, health benefits of hemp milk, and the government initiatives towards boosting hemp production.

The significant hemp milk variants include flavoured and unflavoured.

The major product types include sweetened and unsweetened.

The major categories of the product include organic and conventional.

The different distribution channels of the product include supermarkets/hypermarkets, convenience stores, speciality stores, and online retail.

The market is assessed to grow at a CAGR of 14.20% between 2023 and 2028.

The major players in the market are Hudson River Foods, Pacific Foods of Oregon INC., Good Mylk Co., Living Harvest Foods, Inc, Good Hemp Food, Organic Hemp Milk Australia, Milkadamia, and Nutriops, S.L, among others.

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