A recent market intelligence report that is published by Data Insights Partner on the global Hemp-based Food Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Hemp-based Food Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Hemp-based Food Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Hemp-based Food Market `is offered. In accordance with the report, the global Hemp-based Food Market is projected to expand at a CAGR of 6.9% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Hemp, hemp seeds and hemp related food are primarily demanded for the wide variety of nutrition provided by it. Hemp is a gold mine of vitamin B1, vitamin B2, vitamin B6, vitamin D, vitamin E, potassium, magnesium, calcium, omega-3, and omega-6. All this are a great source of nutrition for the body. It excludes trans-fat and comprises minimum saturated fats. The rising demand of highly nutrient rich food owing to health concern is driving the demand for hemp-based food products. Also, hemp-based food items are gluten-free, GMO-free and allergen-free. The growing tendency of people to consume natural and organic food is developing the hemp-based food market. Hemp is an only natural food that has gained popularity as highly-protein rich. Demand for high protein by the entire population has provided an impetus to this market. Also, the vegan population’s demand for hemp coupled with the rising vegan population to avoid animal cruelty is empowering the growth of the hemp-based food market. Hemp-based foods like snack bar, corn chips, and nut butter are is also surging. The growing demand for convenience food that are organic is providing a compulsion for the growth of the hemp-based food market. Rising disposable income and changing food habits coupled with the rising dependence on organic processed foods is fueling the growth of this market. Improving quality and variety of hemp-based food is creating a market for itself. Finally, various promotional activities that are increasing the product visuality is accelerating the growth of the hemp-based food market.
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But, the premium prices of hemp-based food products are restraining the growth of this market. Scarcity of proper breeding and fertilizing technologies is likely to hamper this market. Hemp-based food production is fragile and needs to be handled with care. These production biases are a severe threat to the moving ahead of the market. Hemp-based food products has to adhere to rigid policies of different countries and governments across the globe. Producers has to follow the strict discriminatory verdict for the production and distribution of hemp across different states in a country and also among different countries. The production of hemp has to go through hard and fast legal procedure and this is a blockage to the development of the hemp-based food market.
The growing acceptance of processed food culture is likely to pave a way for the better future of the market. The consumers awareness regarding their health and the consumption of organic food coupled with the extensive realm of nutrition provided by this food items is a great scope for the enlargement of the market. The rising vegan population and also the population brings with itself the demand for plant-based protein. This is a great chance to exploit by the hemp-based food market.
This market intelligence report on the global Hemp-based food market encompasses market segments based on product type, source, sales channel, application, and country/regions.
By product type, the Hemp-based Food Market is segregated into,
- Hulled Hemp Seed
- Whole Hemp Seed
- Hemp Protein Powder
- Hemp Seed Oil
By source, the Hemp-based Food Market is segmented into,
By sales channel, the Hemp-based Food Market is fragmented into,
- Hypermarket Stores
- Supermarket Stores
- Convenience Stores
By Application, the Hemp-based Food Market is classified into,
- Personal Care Products
- Beverages (ready to drink, sports and energy drinks, hot beverages, others)
- Food (diary and frozen desserts, bakery, soups, sauces and seasonings, snacks and cereals)
By country/region, the Hemp-based Food Market is divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- HempAmericana, Inc
- Canopy Growth Corporation
- Hemp Foods Australia
- Canah International
- Just Hemp Foods
- GIGO Foods
- Naturally Splendid
- Canada Hemp Foods
- Fresh Hemp Foods Limited
- The Hemp Corporation Pty Ltd
- Navitas Organics
- GFR Ingredients Inc
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Hemp-based food Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Hemp-based Food Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Hemp-based Food Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as The Hemp Corporation Pty Ltd, Fresh Hemp Foods Limited, Hemp Foods Australia, Canada Hemp Foods, AgroPro and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Hemp-based Food caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Hemp-based Food Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Hemp-based Food Market
v Identification of key factors driving investment opportunities in Hem-based Food Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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