Hempseed Milk Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Hempseed Milk Market size is set to record a 7.6% CAGR from 2024 to 2032 driven by its sustainable appeal. Eco-conscious consumers are increasingly turning to this plant-based alternative, valuing its environmentally friendly attributes.

The production of hempseed milk is designed to minimize water usage and cut down on carbon emissions, making it a top choice for those keen on reducing their environmental footprint. Farmers are also championing hemp plants for their minimal environmental impacts, as a cornerstone of sustainable agriculture. According to the United Nations Environment Programme, SDG 2.4 aims to ensure sustainable food production by 2030. Hempseed milk aligns with this vision, presenting an eco-friendly alternative that bolsters resilient agricultural practices and boosts productivity.

The hempseed milk industry is segmented into type, flavor, packaging, end user, and region.

The market share from the blended hempseed milk type segment will record a decent growth rate between 2024 and 2032, due to increasing demand for versatile and nutritious options. By merging hempseed milk with other ingredients, producers enhance its flavor and nutritional profile, all while preserving its eco-friendly essence. This blend is becoming increasingly popular among health-conscious consumers, while producers are actively crafting new formulations to cater to a wider array of flavors and nutrients.

In terms of flavor, the hempseed milk market value from the flavored segment is anticipated to witness a significant CAGR from 2024-2032, driven by the rising adoption of delightful and nutritious choices. By infusing hempseed milk with diverse flavors, producers are not only enhancing its appeal but also broadening its culinary applications. Current flavor experiments include vanilla, chocolate, and berry to ensure a wide-ranging appeal.

Asia Pacific hempseed milk industry size will record a significant CAGR through 2032 due to its functional ingredients. With added nutrients like omega-3 fatty acids, proteins, and vitamins, this plant-based drink is resonating with health-conscious consumers. As producers continue to innovate and emphasize these functional ingredients, hempseed milk is set to solidify its status as a go-to choice for those prioritizing wellness through sustainable nutrition in the region.

Product Code: 10317

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data Mining Sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
  - 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing consumer preference for plant-based diets
  - 3.2.1.2 Rising incidence of lactose intolerance and dairy allergies
  - 3.2.1.3 Enhanced nutritional profile of hempseed milk
- 3.2.2 Market challenges
  - 3.2.2.1 Higher production costs compared to traditional dairy
  - 3.2.2.2 Competition from other plant-based milk alternatives
- 3.2.3 Market opportunities
  - 3.2.3.1 New markets/applications
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
  - 3.3.1.1 Technology evolution
  - 3.3.1.2 Sustainable manufacturing
    - 3.3.1.2.1 Green practices
    - 3.3.1.2.2 Decarbonization
- 3.3.2 New raw materials
- 3.3.3 Raw material pricing trends (USD/Units)
  - 3.3.3.1 North America
  - 3.3.3.2 Europe
  - 3.3.3.3 Asia Pacific
  - 3.3.3.4 Latin America
  - 3.3.3.5 MEA
3.4 Regulations and market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Units)

5.1 Key trends
5.2 Pure hempseed milk
5.3 Blended hempseed milk
5.4 Flavored hempseed milk
5.5 Others

Chapter 6 Market Size and Forecast, By Flavor, 2021-2032 (USD Million, Units)

6.1 Key trends
6.2 Unflavored
6.3 Flavored
- 6.3.1 Vanilla
- 6.3.2 Chocolate
- 6.3.3 Others

Chapter 7 Market Size and Forecast, By Packaging, 2021-2032 (USD Million, Units)

7.1 Key trends
7.2 Carton
7.3 Bottle
7.4 Others

Chapter 8 Market Size and Forecast, By End User, 2021-2032 (USD Million, Units)

8.1 Key trends
8.2 Household consumers
8.3 Cafes and coffee shops
8.4 Restaurants and food service
8.5 Bakeries and dessert shops
8.6 Fitness and health centers

Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Million, Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Pacific Foods
10.2 SunOpta
10.3 Good Hemp
10.4 Living Harvest
10.5 India Hemp and Co.
10.6 Dulve
10.7 Kanapu Hempery
10.8 Ecomil
10.9 Hudson River Food
10.10 Golden Hemp Company