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Hemp Milk Market

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; 2024-2032

Global Hemp Milk Market Outlook

The global hemp milk market size reached approximately USD 329.82 million in 2023. The market is projected to grow at a CAGR of 14.20% between 2024 and 2032, reaching a value of around USD 1089.47 million by 2032.

 

Key Takeaways

  • There is a strong consumer preference for organic hemp milk, driven by concerns over pesticides, GMOs, and environmental sustainability.
  • Companies are adopting eco-friendly packaging to align with consumer preferences for sustainability in products.
  • North America is the leading market for hemp milk, attributed to strong consumer awareness and acceptance of plant-based diets.

 

Hemp milk is a 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. It is dairy-free, making it suitable for vegans, lactose-intolerant individuals, and those seeking plant-based nutrition options.

 

The rising vegan population and the shift towards plant-based dairy alternatives are some of the major factors contributing to the hemp milk market growth. 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, which is driving its demand. It is free of soy, lactose, and gluten and thus, is gaining popularity among people who need to avoid these components.

 

hemp milk market

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Key Trends and Developments

Innovation in flavours and formulations; clean-label and organic products; keto and low-carb diets; and favourable government initiatives are the major trends impacting the hemp milk market expansion

 

Date Company Event
Dec 2023 Nourish You Nourish You, a superfood company, announced the successful acquisition of One Good, a vegan Dairy company based in Bengaluru.
Apr 2023 JOI JOI, a U.S.-based plant milk brand introduced its vegan milk concentrate derived from organic hemp heart which marks the company's foray into hemp-based vegan milk products.
Mar 2023 Planet Based Foods Planet Based Foods, a company known for its innovative hemp-based meat products, is expanding its product line with the launch of a new organic, hemp-based vegan ice cream.
Feb 2022 Gaia's Farming Co. Gaia's Farming Co. announced the launch of two novel products made by the blend of oat milk and hemp.

 

 

Trends Impact
Innovation in flavours and formulations Manufacturers are expanding their offerings by introducing flavoured varieties (such as vanilla, chocolate, and strawberry) and formulations enriched with additional nutrients.
Clean-label and organic products There is a strong trend towards clean-label products, with consumers demanding minimal processing and transparency in the sourcing and production process.
Keto and low-carb diets The popularity of keto, paleo, and other low-carb diets has led to increased demand for unsweetened hemp milk varieties.
Favourable government initiatives For instance, in 2018, the U.S. Agriculture Improvement Act approved the production of hemp and removed hemp from the list of Controlled Substances.

 

Hemp Milk Market Trends

The manufacturers in the hemp milk market are diversifying their product lines to cater to a wider range of consumer preferences. The introduction of flavours like vanilla, chocolate, and strawberry is a direct response to consumer desire for variety and enhanced taste profiles in plant-based milk. Flavoured hemp milk can appeal to both adults and children, making it a more versatile choice for different occasions. While hemp milk naturally contains beneficial nutrients, including omega fatty acids, protein, and minerals, enriching it with additional nutrients such as calcium, vitamin D, and vitamin B12 can address specific dietary needs and concerns.

 

In April 2023, JOI, a plant milk brand operating out of the United States, expanded its product lineup by launching a vegan milk concentrate made from organic hemp hearts. This launch represents the brand's initial venture into the realm of hemp-based vegan milk alternatives. The use of organic hemp hearts as the primary ingredient signifies JOI's commitment to offering plant-based, sustainable, and health-conscious products to its customers.

 

hemp milk market by segments

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Market Segmentation

“Hemp Milk Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Variants Flavoured, Unflavoured
Type Sweetened, Unsweetened
Category Organic, Conventional
Distribution Channel Supermarkets/Hypermarkets, Convenience Stores, Speciality Stores, Online Retail
Region New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West

 

Sweetened hemp milk maintains its dominance in the market due to its growing appeal among consumers who prefer a sweet taste in their beverages

The hemp milk market is driven by the rising popularity of sweetened hemp milk. Sweetened hemp milk often appeals to consumers looking for a tasty, direct replacement for traditional dairy milk, which naturally contains sugar (lactose). The added sugars or sweeteners enhance the flavour, making it more palatable for those new to plant-based milk or those who prefer a sweeter taste in their beverages and cereals. It can also be more appealing for use in desserts, baking, and certain recipes that require a bit of sweetness, making it a versatile choice for both drinking and cooking.

 

Meanwhile, unsweetened hemp milk caters to health-conscious consumers in the hemp milk market who are wary of added sugars in their diet. With rising awareness about the negative health impacts of excessive sugar consumption, such as obesity, diabetes, and heart disease, there's a significant consumer base that actively seeks out unsweetened alternatives. It also appeals to those on specific diets, such as keto, low-carb, or diabetic diets, where sugar intake must be minimised.

 

Supermarkets/Hypermarkets account for a major hemp milk market share due to the easy accessibility and availability of a broad range of product varieties

With the expansion of supermarkets/hypermarkets, 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. These retail formats typically offer a range of brands and product varieties, including different flavours and formulations of hemp milk. This variety attracts consumers looking to compare and choose products that best meet their preferences and dietary needs. These distribution channels frequently engage in promotional activities, such as discounts, loyalty programs, and in-store displays, which can increase the visibility and attractiveness of hemp milk to consumers.

 

Additionally, the emergence of e-commerce ensures the immediate availability and home delivery of hemp milk, enhancing the buying experience of consumers. Online retailers in hemp milk market can serve customers beyond geographical limitations, reaching a wider audience that includes consumers in areas where hemp milk might not be readily available through physical stores.

 

hemp milk market by region

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Competitive Landscape

The market players are launching novel organic products to gain a competitive edge in the market

 

Company Founding Year Headquarters Products
Hudson River Foods 2005 New York, United States Baking mixes, hemp-based products, gourmet bakery items, and powdered supplements
Pacific Foods of Oregon INC 1987 Oregon, United States Organic broths, soups, plant-based beverages, and meals
Good Mylk Co 2018 Los Angeles, United States Organic, nutritional plant-based milk
Good Hemp Food 1998 North Devon, England Hemp-based food and drink products

 

Other major players in the hemp milk market are Living Harvest Foods, Inc., Organic Hemp Milk Australia, Milkadamia, and Nutriops, S.L, among others. The key players are actively engaging in various strategies to cater to the growing demand for plant-based milk alternatives.

 

Hemp Milk Market Analysis by Region

The increasing vegan population and the government initiatives towards boosting the production of hemp are contributing to the market growth in North America. 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. With the growing demand, supermarkets, health food stores, and online retailers in North America are expanding their assortments of hemp milk, including flavoured and fortified options. This increased availability, along with a wider variety of product choices, has made hemp milk more appealing to a broad audience.

 

Within Europe, the hemp milk market in Germany has seen a significant increase, supported by increased 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.

 

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 (2018-2023) 
    8.3    Global Hemp Milk Market Forecast (2024-2032)
    8.4    Global Hemp Milk Market by Variants
        8.4.1    Flavoured
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Unflavoured
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
    8.5    Global Hemp Milk Market by Type
        8.5.1    Sweetened
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Unsweetened 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
    8.6    Global Hemp Milk Market by Category
        8.6.1    Organic
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Conventional
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    Speciality Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023)
            8.7.3.3    Forecast Trend (2024-2032)
        8.7.4    Online Retail
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2023)
            8.7.4.3    Forecast Trend (2024-2032)
    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 (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        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 2032
2.    Global Hemp Milk Historical Market: Breakup by Variants (USD Million), 2018-2023
3.    Global Hemp Milk Market Forecast: Breakup by Variants (USD Million), 2024-2032
4.    Global Hemp Milk Historical Market: Breakup by Type (USD Million), 2018-2023
5.    Global Hemp Milk Market Forecast: Breakup by Type (USD Million), 2024-2032
6.    Global Hemp Milk Historical Market: Breakup by Category (USD Million), 2018-2023
7.    Global Hemp Milk Market Forecast: Breakup by Category (USD Million), 2024-2032
8.    Global Hemp Milk Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9.    Global Hemp Milk Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10.    Global Hemp Milk Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Hemp Milk Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Hemp Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Hemp Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Hemp Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Hemp Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Hemp Milk Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Hemp Milk Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Hemp Milk Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 329.82 million.

The market is estimated to grow at a CAGR of 14.20% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1089.47 million by 2032.

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 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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