Hemp Based Foods Global Market Report 2024

Global Hemp Based Foods Market Report 2024

Hemp Based Foods Global Market Report 2024 – By Product (Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed), By Distribution Channel (Supermarket Stores, Convenience Stores) – Market Size, Trends, And Global Forecast 2024-2033

Name: Hemp Based Foods Global Market Report 2024
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Hemp Based Foods Global Market Report 2024

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Hemp Based Foods Global Market Report 2024

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Hemp Based Foods Market Definition

Hemp-based foods are food products that are derived from the hemp plant whose seeds contain all the amino acids required by our body. In general, hemp seeds and oils are used to make a variety of food products such as hemp milk, hemp oil, hemp cheese substitutes, and hemp-based protein powder.

The main products of hemp-based foods are hemp seed oil, hemp protein powder, whole hemp seed, and hulled hemp seed. Hemp seed oil is suitable for cooking or used as an ingredient in cosmetics. The seeds of hemp plants are pressed to produce hemp seed oil. It has a distinctive nutritional profile that includes omega fatty acids and gamma-linolenic acid. It also has therapeutic properties due to its high antioxidant content. The hemp-based food products are distributed through supermarkets and convenience stores.

Hemp Based Foods Market Segmentation

The hemp based foods market covered in this report is segmented –

1) By Product: Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed

2) By Distribution Channel: Supermarket Stores, Convenience Stores

Global Hemp Based Foods Market Size 2023 to 2028: Graph

Hemp Based Foods Market Size 2024 And Growth Rate

The hemp based foods market size has grown strongly in recent years. It will grow from $5.45 billion in 2023 to $5.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to legalization of hemp cultivation and use in some regions, increase in consumer demand for plant-based and natural products, growth in awareness of hemp's nutritional benefits, expansion of health and wellness trends, rise in popularity of hemp seeds and oil in culinary applications.

Hemp Based Foods Market Growth Forecast

The hemp based foods market size is expected to see strong growth in the next few years. It will grow to $8.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to regulatory support for hemp-based foods and ingredients, growing market penetration in emerging economies, consumer interest in sustainable and environmentally-friendly products, increasing applications in functional foods and nutraceuticals, rising consumer awareness of hemp's potential health benefits. Major trends in the forecast period include technological advancements in hemp processing, innovation in hemp-based product formulations (e.g., snacks, beverages), cbd-infused hemp products, hemp-based dairy alternatives, gluten-free and allergen-friendly options.

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Hemp Based Foods Market Driver: The Surge In Vegan Population Driving Growth In The Hemp-Based Food Market

The rising vegan population is driving the hemp-based food market. The vegan population consists of people who abstain from all animal products, such as leather, as well as meals like meat, dairy, eggs, and honey and, to the greatest extent, feasible goods that have been subjected to animal testing. Health, weight control, animal welfare, and environmental concerns are some of the reasons people are moving towards a vegan diet. All nine necessary amino acids, along with fiber, healthy fats, and minerals, are present in hemp, which makes it a premium vegan protein source. For instance, according to the survey conducted by Veganuary, an annual campaign called conducted by a non-profit organization in the UK that encourages participants to adopt a vegan diet and lifestyle for the whole month of January, people signed up for the campaign had increased to more than 5 million in 2021. The signups further increased to 6.29 million in 2022. Hence, an increase in the vegan population will propel the hemp-based food market.

Hemp Based Foods Market Driver: The Impact Of Rising Celiac Disease Prevalence On The Growth Of The Hemp-Based Foods Market

The increasing prevalence of celiac disease is expected to propel the growth of the hemp-based foods market going forward. Celiac disease is a chronic autoimmune disorder of the small intestine characterized by an abnormal immune response to the consumption of gluten, which is a protein found in wheat, barley, and rye. Hemp-based foods provide gluten-free, nutrient-rich, rich source of plant-based protein, a balance of omega-3 and omega-6 fatty acids, and a good source of dietary fiber for patients with celiac disease. For instance, in November 2022, according to Very Well Health, a US-based health and wellness website, about 1 in 133 persons suffers from celiac disease which equates to 2 million persons, or 1% of the total population. Therefore, the increasing prevalence of celiac disease is driving the growth of the hemp-based foods market.

Global Hemp Based Foods Market Major Players

Major companies operating in the hemp based foods market include Agropro, Nutiva Inc., Compass Group Management LLC, Canopy Growth Corporation, Hempco Inc., Terra Tech Corp., Manitoba Harvest, Braham Murray, Liaoning Qiaopai Biotech Co. Ltd., Canah International SRL, GIGO Food, Just Hemp Foods, North American Hemp Grain Co., Yunnan Hua Fang Industrial Hemp Co. Ltd., GFR Ingredients Inc., Naturally Splendid Enterprises Ltd., Navitas Organics, Yishutang, Hemp Foods Australia Pty Ltd., Elixinol Wellness Limited, Canada Hemp Foods Ltd., Mettrum Originals, The Hemp Corporation Pty Ltd., Fresh Hemp Foods Ltd., Laguna Blends Inc., Ecofibre Limited, Beyond Meat, Impossible Foods Inc., Good Hemp Inc.

Global Hemp Based Foods Market Trend: Strategic Partnerships Drive Growth And Innovation In The Hemp-Based Food Market

The strategic partnership is a key trend in the hemp-based food market. Major companies are entering into a partnership with hemp-based food companies to expand their market and leverage each other's resources. In July 2022, Victory Hemp Foods, a US-based hemp-based food manufacturer, partnered with Applied Foods Sciences (AFS). The partnership will improve sales and marketing for Victory Hemp's two proprietary ingredients, V-70TM Hemp Heart Protein and V-ONETM Hemp Heart Oil, as well as for its food and beverage ingredients. This commitment will further broaden the range of products in which hemp grain can be used as an ingredient. Applied Foods Sciences (AFS) is a US-based supplier of innovative, functional, and organic ingredients. For instance, in July 2023, Burcon NutraScience Corporation, a Canada-based company that specializes in the development and production of plant-based proteins partnered with HPS Food and Ingredients Inc. With this partnership, Burcon hopes to take advantage of the growing hempseed protein market trend and provide clients all over the world with high-quality plant-based protein options. Burcon's hempseed protein isolate is intended to be quickly adopted by the market through the joint efforts of Burcon and HPS. The aim of this partnership is to develop a novel category for protein ingredients based on hempseed to enter untapped markets. HPS Food and Ingredients Inc. is a US-based company specializing in food and ingredients.

Global Hemp Based Foods Market Trend: Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers

Major companies operating in the hemp based foods market are focusing on innovative products such as hemp-based peanut butter to drive revenues in their market. Hemp-based peanut butter is a type of nut butter that combines the nutty flavor and creamy texture of traditional peanut butter with the addition of hemp seeds or hemp seed oil. For instance, in March 2023, Gaia’s Farming Co. a UK-based biotechnology company launched hemp-based peanut butter. The spreads serve as excellent sources of plant-based protein and omega-3 fatty acids and may be used to lend a nutty twist to a variety of dishes, such as toast, pancakes, stir-fries, and overnight oats. Both goods are also devoid of added salts and palm oil.

Hemp Based Foods Market Merger And Acquisition: Flora Growth Corp Expands Hemp And Tobacco Cigarette Manufacturing Capabilities With Acquisition Of Koch & Gsell

In June 2021, Flora Growth Corp, a Canada-based cannabis company, acquired Koch & Gsell for USD 22.2 million (CHF 20 million). With this acquisition, Flora intends to acquire the whole hemp, blended hemp, and tobacco cigarette manufacturing technology of Koch and Gsell. Koch and Gsell is a Switzerland-based manufacturer and distributor a range of hemp products.

Regional Outlook For The Global Hemp Based Foods Market

North America was the largest region in the hemp based food market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp based foods market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the hemp based foods market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The hemp-based foods market consists of sales of hemp milk and hemp based cheese substitutes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The hemp-based food market research report is one of a series of new reports from The Business Research Company that provides hemp-based food market statistics, including hemp-based food industry global market size, regional shares, competitors with a hemp-based food market share, detailed hemp-based food market segments, market trends and opportunities, and any further data you may need to thrive in the hemp-based food industry. This hemp-based food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hemp Based Foods Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$5.94 billion
Revenue Forecast In 2033	$8.36 billion
Growth Rate	CAGR of 8.9% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product: Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed 2) By Distribution Channel: Supermarket Stores, Convenience Stores
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Agropro; Nutiva Inc.; Compass Group Management LLC; Canopy Growth Corporation; Hempco Inc.; Terra Tech Corp.; Manitoba Harvest; Braham Murray; Liaoning Qiaopai Biotech Co. Ltd.; Canah International SRL; GIGO Food; Just Hemp Foods; North American Hemp Grain Co.; Yunnan Hua Fang Industrial Hemp Co. Ltd.; GFR Ingredients Inc.; Naturally Splendid Enterprises Ltd.; Navitas Organics; Yishutang; Hemp Foods Australia Pty Ltd.; Elixinol Wellness Limited; Canada Hemp Foods Ltd.; Mettrum Originals; The Hemp Corporation Pty Ltd.; Fresh Hemp Foods Ltd.; Laguna Blends Inc.; Ecofibre Limited; Beyond Meat; Impossible Foods Inc.; Good Hemp Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Hemp Based Foods Market Characteristics

3. Hemp Based Foods Market Trends And Strategies

4. Hemp Based Foods Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Hemp Based Foods Market Size and Growth

5.1. Global Hemp Based Foods Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Hemp Based Foods Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Hemp Based Foods Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Hemp Based Foods Market Segmentation

6.1. Global Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Hemp Seed Oil

Hemp Protein Powder

Whole Hemp Seed

Hulled Hemp Seed

6.2. Global Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Supermarket Stores

Convenience Stores

7. Hemp Based Foods Market Regional And Country Analysis

7.1. Global Hemp Based Foods Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Hemp Based Foods Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Hemp Based Foods Market

8.1. Asia-Pacific Hemp Based Foods Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Hemp Based Foods Market

9.1. China Hemp Based Foods Market Overview

9.2. China Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Hemp Based Foods Market

10.1. India Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Hemp Based Foods Market

11.1. Japan Hemp Based Foods Market Overview

11.2. Japan Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Hemp Based Foods Market

12.1. Australia Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Hemp Based Foods Market

13.1. Indonesia Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Hemp Based Foods Market

14.1. South Korea Hemp Based Foods Market Overview

14.2. South Korea Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Hemp Based Foods Market

15.1. Western Europe Hemp Based Foods Market Overview

15.2. Western Europe Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Hemp Based Foods Market

16.1. UK Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Hemp Based Foods Market

17.1. Germany Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Hemp Based Foods Market

18.4. France Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.5. France Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Hemp Based Foods Market

19.7. Italy Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.8. Italy Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Hemp Based Foods Market

20.10. Spain Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.11. Spain Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Hemp Based Foods Market

21.1. Eastern Europe Hemp Based Foods Market Overview

21.2. Eastern Europe Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Hemp Based Foods Market

22.1. Russia Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Hemp Based Foods Market

23.1. North America Hemp Based Foods Market Overview

23.2. North America Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Hemp Based Foods Market

24.1. USA Hemp Based Foods Market Overview

24.2. USA Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Hemp Based Foods Market

25.1. Canada Hemp Based Foods Market Overview

25.2. Canada Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Hemp Based Foods Market

26.1. South America Hemp Based Foods Market Overview

26.2. South America Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Hemp Based Foods Market

27.1. Brazil Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Hemp Based Foods Market

28.1. Middle East Hemp Based Foods Market Overview

28.2. Middle East Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Hemp Based Foods Market

29.1. Africa Hemp Based Foods Market Overview

29.2. Africa Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Hemp Based Foods Market Competitive Landscape And Company Profiles

30.1. Hemp Based Foods Market Competitive Landscape

30.2. Hemp Based Foods Market Company Profiles

30.2.1. Agropro

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Nutiva Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Compass Group Management LLC

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Canopy Growth Corporation

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Hempco Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Hemp Based Foods Market Competitive Benchmarking

32. Global Hemp Based Foods Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hemp Based Foods Market

34. Hemp Based Foods Market Future Outlook and Potential Analysis

34.1 Hemp Based Foods Market In 2028 - Countries Offering Most New Opportunities

34.2 Hemp Based Foods Market In 2028 - Segments Offering Most New Opportunities

34.3 Hemp Based Foods Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Hemp Based Foods Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Hemp Based Foods Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Agropro Financial Performance

Table 52: Nutiva Inc. Financial Performance

Table 53: Compass Group Management LLC Financial Performance

Table 54: Canopy Growth Corporation Financial Performance

Table 55: Hempco Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Hemp Based Foods Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Hemp Based Foods Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Hemp Based Foods Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Hemp Based Foods Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Agropro Financial Performance

Figure 52: Nutiva Inc. Financial Performance

Figure 53: Compass Group Management LLC Financial Performance

Figure 54: Canopy Growth Corporation Financial Performance

Figure 55: Hempco Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the hemp based foods market?

How will the hemp based foods market drivers and restraints affect the hemp based foods market dynamics? What forces will shape the hemp based foods industry going forward?

The hemp based foods market major growth driver - The Surge In Vegan Population Driving Growth In The Hemp-Based Food Market. For further insights on the hemp based foods market, request a sample here

What is the forecast market size or the forecast market value of the hemp based foods market?

The hemp based foods market size has grown strongly in recent years. It will grow from $5.45 billion in 2023 to $5.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to legalization of hemp cultivation and use in some regions, increase in consumer demand for plant-based and natural products, growth in awareness of hemp's nutritional benefits, expansion of health and wellness trends, rise in popularity of hemp seeds and oil in culinary applications. The hemp based foods market size is expected to see strong growth in the next few years. It will grow to $8.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to regulatory support for hemp-based foods and ingredients, growing market penetration in emerging economies, consumer interest in sustainable and environmentally-friendly products, increasing applications in functional foods and nutraceuticals, rising consumer awareness of hemp's potential health benefits. Major trends in the forecast period include technological advancements in hemp processing, innovation in hemp-based product formulations (e.g., snacks, beverages), cbd-infused hemp products, hemp-based dairy alternatives, gluten-free and allergen-friendly options. For further insights on the hemp based foods market, request a sample here

How is the hemp based foods market segmented?

The hemp based foods market is segmented
1) By Product: Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seed
2) By Distribution Channel: Supermarket Stores, Convenience StoresFor further insights on the hemp based foods market, request a sample here

Which region has the largest share of the hemp based foods market? What are the other regions covered in the report?

North America was the largest region in the hemp based food market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp based foods market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on the hemp based foods market, request a sample here.

Who are the major players in the hemp based foods market?

What are the key trends in the hemp based foods market?

Major trend in the hemp based foods market - Strategic Partnerships Drive Growth And Innovation In The Hemp-Based Food Market. For further insights on the hemp based foods market, request a sample here.

What are the major opportunities in the hemp based foods market? What are the strategies for the hemp based foods market?

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How does the hemp based foods market relate to the overall economy and other similar markets?

For detailed insights on hemp based foods market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the hemp based foods industry?

For detailed insights on the mergers and acquisitions in the hemp based foods industry, request a sample here.

What are the key dynamics influencing the hemp based foods market growth? SWOT analysis of the hemp based foods market.

For detailed insights on the key dynamics influencing the hemp based foods market growth and SWOT analysis of the hemp based foods industry, request a sample here.