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PUBLISHER: Grand View Research | PRODUCT CODE: 1530391
PUBLISHER: Grand View Research | PRODUCT CODE: 1530391
Hemp Protein Powder Market Size, Share & Trends Analysis Report By Nature (Organic, Conventional), Flavor (Unflavored, Flavored), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores), By Region, And Segment Forecasts, 2024 - 2030
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Hemp Protein Powder Market Growth & Trends:
The global hemp protein powder market size is estimated to reach USD 451.3 million in 2030, growing at a CAGR of 15.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The legalization of hemp cultivation in several countries, particularly in North America and Europe, is facilitating greater production and availability of hemp protein powder. This regulatory shift is also driving investment in hemp-based product innovation and marketing.
The market presents several opportunities for growth and expansion. One significant opportunity lies in the increasing demand for organic and non-GMO products. As consumers become more health-conscious and environmentally aware, they are seeking out products that align with their values. Companies that can offer certified organic and non-GMO hemp protein powder are likely to capture a larger share of the market. Another opportunity exists in the development of new product formulations and applications.
For instance, incorporating hemp protein into ready-to-drink beverages, protein bars, and other convenient formats can attract a broader consumer base. Furthermore, there is potential for growth in emerging markets, where increasing disposable incomes and awareness of health and wellness trends are driving demand for premium nutritional products. Companies that can establish a presence in these markets through effective distribution and marketing strategies will likely see substantial growth.
The rising incidence of lifestyle-related diseases is driving consumers to seek healthier dietary options. Hemp protein powder, with its high protein content, low fat, high fiber, and rich nutrient profile, is becoming a preferred choice for those looking to improve their diet and manage their health more effectively.
North America accounted for the largest share of the market and is estimated to expand at a significant CAGR over the forecast period. Increased marketing efforts and educational campaigns about the benefits of hemp protein powder have raised awareness and stimulated demand in the North America region. Consumer education initiatives highlight its nutritional value and versatility in culinary applications.
Major players in the market include Manitoba Harvest, Navitas Organics, Nutiva, Evo Hemp, Sunwarrior, India Hemp and Co., Terrasoul Superfoods, India Hemp Organics, Anthonys Goods and Health Horizons. These companies are recognized for their expertise in producing hemp-based products, including hemp protein powder, and have established themselves in the health food and dietary supplement markets.
Hemp Protein Powder Market Report Highlights:
- Asia Pacific is expected to grow with a CAGR of 16.9% from 2024 to 2030. The expanding health and wellness market in the Asia Pacific includes a growing segment of consumers willing to invest in dietary supplements and functional foods. Hemp protein powder fits into this trend as a popular choice for enhancing nutritional intake. Increased availability of hemp protein powder through online platforms and health food stores has made it more accessible to consumers across the Asia Pacific region. Product innovations, such as flavored varieties and convenient packaging, also contribute to its popularity.
- The organic hemp protein powder segment is estimated to grow at the fastest CAGR over the forecast period. Increasing consumer awareness and interest in health and wellness have driven the demand for organic products. Consumers perceive organic hemp protein powder as a healthier option compared to conventional varieties due to its natural cultivation methods, free from synthetic chemicals, pesticides, and GMOs.
- The flavored hemp protein powder segment is estimated to grow at the fastest CAGR over the forecast period. Flavored hemp protein powder provides consumers with a variety of options to suit their taste preferences and dietary preferences. This variety allows consumers to choose flavors that complement their favorite recipes, such as smoothies, shakes, or baked goods.
- Health stores distribution channel is expected to grow at the fastest CAGR over the forecast period from 2024 to 2030. Many health stores emphasize natural, organic, and sustainably sourced products, including hemp protein powder. Consumers who prioritize clean-label ingredients, free from additives and artificial substances, are more likely to purchase hemp protein powder from these establishments.
Product Code: GVR-4-68040-372-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Nature Snapshot
- 2.3. Flavor Snapshot
- 2.4. Distribution Channel Snapshot
- 2.5. Competitive Landscape Snapshot
Chapter 3. Hemp Protein Powder Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Manufacturing & Technology Trends
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunity Analysis
- 3.4.4. Market Challenges
- 3.5. Business Environment Analysis
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. PESTEL Analysis
- 3.6. Market Entry Strategies
Chapter 4. Hemp Protein Powder Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Nature Adoption
- 4.5. Observations & Recommendations
Chapter 5. Hemp Protein Powder Market: Nature Estimates & Trend Analysis
- 5.1. Hemp Protein Powder Market, by Nature: Key Takeaways
- 5.2. Nature Movement Analysis & Market Share, 2023 & 2030
- 5.3. Organic
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4. Conventional
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Hemp Protein Powder Market: Flavor Estimates & Trend Analysis
- 6.1. Hemp Protein Powder Market, by Flavor: Key Takeaways
- 6.2. Flavor Movement Analysis & Market Share, 2023 & 2030
- 6.3. Unflavored/Regular
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4. Flavored
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.2. Chocolate
- 6.4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.3. Vanilla
- 6.4.4. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.5. Berry
- 6.4.6. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.7. Others
- 6.4.8. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Hemp Protein Powder Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Hemp Protein Powder Market, by Distribution Channel: Key Takeaways
- 7.2. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 7.3. Hypermarkets & Supermarkets
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4. Convenience Stores
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5. Health Stores
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6. Online
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7. Others
- 7.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Hemp Protein Powder Market: Regional Estimates & Trend Analysis
- 8.1. Hemp Protein Powder Market: Regional Outlook
- 8.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.3. North America
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2. U.S.
- 8.3.2.1. Key country dynamics
- 8.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3. Canada
- 8.3.3.1. Key country dynamics
- 8.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.4. Mexico
- 8.3.4.1. Key country dynamics
- 8.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4. Europe
- 8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.2. UK
- 8.4.2.1. Key country dynamics
- 8.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.3. Germany
- 8.4.3.1. Key country dynamics
- 8.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.4. France
- 8.4.4.1. Key country dynamics
- 8.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.5. Italy
- 8.4.5.1. Key country dynamics
- 8.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.6. Spain
- 8.4.6.1. Key country dynamics
- 8.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.2. China
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.3. Japan
- 8.5.3.1. Key country dynamics
- 8.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.4. India
- 8.5.4.1. Key country dynamics
- 8.5.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.5. Australia & New Zealand
- 8.5.5.1. Key country dynamics
- 8.5.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6. Central & South America
- 8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.7. Middle East & Africa
- 8.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.7.2. South Africa
- 8.7.2.1. Key country dynamics
- 8.7.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Recent Developments & Impact Analysis, by Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Nature Benchmarking
- 9.6. Company Market Share Analysis, 2023 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. Manitoba Harvest
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Portfolios
- 9.9.1.4. Strategic Initiatives
- 9.9.2. Navitas Organics.
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Portfolios
- 9.9.2.4. Strategic Initiatives
- 9.9.3. Nutiva
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Portfolios
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Evo Hemp
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Portfolios
- 9.9.4.4. Strategic Initiatives
- 9.9.5. Sunwarrior
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Portfolios
- 9.9.5.4. Strategic Initiatives
- 9.9.6. India Hemp and Co
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Portfolios
- 9.9.6.4. Strategic Initiatives
- 9.9.7. Terrasoul Superfoods
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Portfolios
- 9.9.7.4. Strategic Initiatives
- 9.9.8. India Hemp Organics
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Portfolios
- 9.9.8.4. Strategic Initiatives
- 9.9.9. Anthonys Goods
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Portfolios
- 9.9.9.4. Strategic Initiatives
- 9.9.10. Health Horizons
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Portfolios
- 9.9.10.4. Strategic Initiatives
- 9.9.1. Manitoba Harvest
Product Code: GVR-4-68040-372-1
List of Tables
- Table 1. Key Companies involved in mergers/acquisitions
- Table 2. Case Study-Magic Spoon
- Table 3. Hemp protein powder market estimates & forecast, by nature (USD Million)
- Table 4. Hemp protein powder market estimates & forecast by flavor (USD Million)
- Table 5. Hemp protein powder market estimates & forecast by distribution channel (USD Million)
- Table 6. U.S. macro-economic outlay
- Table 7. Canada macro-economic outlay
- Table 8. Mexico macro-economic outlay
- Table 9. Germany macro-economic outlay
- Table 10. UK macro-economic outlay
- Table 11. France macro-economic outlay
- Table 12. Italy macro-economic outlay
- Table 13. Spain macro-economic outlay
- Table 14. China macro-economic outlay
- Table 15. Japan macro-economic outlay
- Table 16. India macro-economic outlay
- Table 17. Australia & New Zealand macro-economic outlay
- Table 18. Brazil macro-economic outlay
- Table 19. South Africa macro-economic outlay
- Table 20. Recent developments & impact analysis, by key market participants
- Table 21. Participant's Overview
- Table 22. Financial Performance
- Table 23. Product Benchmarking
- Table 24. Company market share, 2023
- Table 25. Company heat map analysis
- Table 26. Key companies involved in mergers/acquisitions
List of Figures
- Fig. 1 Hemp protein powder market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Hemp protein powder market snapshot
- Fig. 7 Nature snapshot
- Fig. 8 Distribution Channel snapshot
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Global dietary supplements market, 2023 (USD Million)
- Fig. 11 Global hemp protein powder market - Penetration & growth prospect mapping
- Fig. 12 Brands and their popular flavors, 2023
- Fig. 13 Global hemp protein powder market - Value chain analysis
- Fig. 14 Hemp protein powder market dynamics
- Fig. 15 Hemp protein powder market: Porter's Five Force Analysis
- Fig. 16 Hemp protein powder market: PESTEL Analysis
- Fig. 17 Factors affecting buying decisions for hemp protein powder
- Fig. 18 Hemp protein powder market, by nature: Key takeaways
- Fig. 19 Hemp protein powder market, by nature: Market share, 2023 & 2030
- Fig. 20 Organic hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Conventional hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Hemp protein powder market, by flavor: Key takeaways
- Fig. 23 Hemp protein powder market, by flavor: Market share, 2023 & 2030
- Fig. 24 Unflavored hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Flavored hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Chocolate hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Vanilla hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Berry hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Other flavored hemp protein powder market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Hemp protein powder market, by distribution channel: Key takeaways
- Fig. 31 Hemp protein powder market, by distribution channel: Market share, 2023 & 2030
- Fig. 32 Hemp protein powder market estimates & forecasts, through hypermarkets & supermarkets, 2018 - 2030 (USD Million)
- Fig. 33 Hemp protein powder market estimates and forecasts through convenience stores, 2018 - 2030 (USD Million)
- Fig. 34 Hemp protein powder market estimates and forecasts through health stores, 2018 - 2030 (USD Million)
- Fig. 35 Hemp protein powder market estimates and forecasts through online stores, 2018 - 2030 (USD Million)
- Fig. 36 Hemp protein powder market estimates and forecasts through other stores, 2018 - 2030 (USD Million)
- Fig. 37 Hemp protein powder market revenue, by region, 2023 & 2030 (USD Million)
- Fig. 38 Regional marketplace: Key takeaways (1/2)
- Fig. 39 Regional marketplace: Key takeaways (2/2)
- Fig. 40 North America hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 41 U.S. hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 42 Canada hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 43 Mexico hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 44 Europe hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 45 Germany hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 46 UK hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 47 France hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 48 Italy hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 49 Spain hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 50 Asia Pacific hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 51 China hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 52 India hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 53 Japan hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 54 Australia & New Zealand hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 55 Central and South America hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 56 Brazil hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 57 Middle East & Africa hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 58 South Africa hemp protein powder market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 59 Company market share analysis, 2023
- Fig. 60 Strategic framework of hemp protein powder market
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