Global Hemp Milk Market Statistics: USD 867.8 Million Value by 2033
Summary:
- The global hemp milk market size reached USD 325.2 Million in 2024.
- The market is expected to reach USD 867.8 Million by 2033, exhibiting a growth rate (CAGR) of 11.45% during 2025-2033.
- North America leads the market, accounting for the largest hemp milk market share.
- On the basis of the variant, the market has been bifurcated into flavored and unflavored.
- Sweetened holds the largest share in the hemp milk industry.
- Organic remains a dominant segment in the market due to the increasing awareness among the masses about the benefits of organic hemp milk.
- Supermarkets and hypermarkets represent the leading distribution channel segment.
- The rising demand for healthy food products is a primary driver of the hemp milk market.
- The growing environmental concerns are reshaping the hemp milk market.
Industry Trends and Drivers:
● Increasing demand for healthy food products:
The consumption of hemp milk has also been growing due to the growing concerns for the health. For this reason, the public is shifting towards alternatives and away from dairy products. Like any other milk, hemp milk contains omega-3 and omega-6 fatty acids, good for the heart and brains. It also has Vitamin D, calcium and magnesium – all of which contribute to the wellbeing of the bones. However, the pleasant taste and nutrition profile of the hemp milk is driving the consumption and market of this product Information.
● Rising preferences for plant-based diets:
Popular trends which have encouraged the market growth include consumption of plant based products and diet. Hemp milk on the other hand is becoming popular especially to vegan and people who have some problems with dairy products. The increase in vegan health related to animal and environmental issues is the additional factor for the market. Furthermore, hemp milk is also commonly used in smoothies, coffee, cereals and in baking, where it has potential to appeal to consumers of all kinds.
● Growing environmental concerns:
There are more customers who are willing to purchase foods that could be sourced sustainably and those that emitted lesser carbon dioxide. The answer is hemp plants, which do not need much water and pesticides as is commonly required. It caters for the clients who embrace environmentally friendly products and who are willing to embrace organic farming. At the same time, new plant milks with reduced dependence on dairy or less sustainable plant milks are driving the market.
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Hemp Milk Market Report Segmentation:
Breakup By Variant:
- Flavored
- Unflavored
On the basis of variant, the market has been bifurcated into flavored and unflavored.
Breakup By Type:
- Sweetened
- Unsweetened
Sweetened accounts for the largest market share due to rising consumer preferences for rich flavors.
Breakup By Category:
- Organic
- Conventional
Organic represents the largest segment driven by the increasing number of health-conscious people.
Breakup By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Supermarkets and hypermarkets hold the biggest market share as they offer enhanced convenience to users and provide a wide range of products in one place.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys the leading position in the hemp milk market on account of the increasing focus on maintaining a healthy lifestyle among people.
Top Hemp Milk Market Leaders:
The hemp milk market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Good Hemp Food
- Goodmylk Co.
- Hudson River Foods
- Living Harvest Foods Inc
- Manitoba Harvest Hemp Foods
- Pacific Foods of Oregon Inc
- Sunopta Inc
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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