Hemp Seed Milk Market Snapshot
Analysis by Persistence Market Research on the global hemp seed milk market portrays a healthy outlook, with the industry surging at around 10% Y-o-Y in 2021, and expected to progress at an impressive CAGR of over 11% through 2031. North America and Europe are market markets for hemp seed milk, with both regions together capturing more than 50% global market share.
Though demand for flavored hemp seed milk is rising steadily, over the next ten years, regular hemp seed milk will still reign supreme to account for around 57% overall demand.
Find Out More about the Report Coverage
- Pacific foods of Oregon
- California Natural Products
- Good Hemp
- MANITOBA HARVEST HEMP FOODS
- Good Mylk Co.
- LIVING HARVEST FOODS
- Hudson River Foods
Key Points Covered in Market Study on Hemp Seed Milk
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 impact on hemp seed milk and how to navigate
- Recommendation on key winning strategies
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Analysis of 2016-2020 Sales of Hemp Seed Milk Compared to Projections for 2021-2031
From 2016-2020, the market expanded at a rate of 10.3%. Sales for use in households accounted for more than 56.2% by the end of 2020, with optimistic growth trends for near future. This converges to growing popularity of hemp seed milk as an alternative to dairy.
Hemp seed milk is a good source of polyunsaturated and essential fatty acids, and soluble and insoluble fibers, which help reduce skin disorders and risk of diabetes. Hemp seed milk is the richest source of amino acid arginine, which helps maintain optimal blood levels of nitric oxide and CRP, leading to a lower risk of heart disease.
Further, technological advancements related to nutraceuticals is also increasing use of hemp seed milk, Moreover, increasing trend of plant-based diets in developed countries such as the U.S., Canada, U.K., and Italy are anticipated to propel demand for hemp seed milk from the retail sector, with value expected to reach close to US$ 58 Mn by the end of 2031. Overall, the market is expected to expand at a value CAGR of around 11% through 2031.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Will Convenience Offered by Premium Food Products Surge Demand for Hemp Seed Milk?
Healthy food products and increasing disposal income of consumers are expected to drive demand for hemp seed milk. The long shelf-life of hemp seed milk products, which leads to less wastage, is also one of the driving factors for the growth of the market.
Consumers are concerned about sustainable consumption, and they accept the opportunities to purchase foods that offer a longer shelf-life. Key players are continuously researching on developing new technologies to increase the shelf-life of plant-based food products. Manufacturers have adopted aseptic packaging, which ensures that the shelf-life of hemp seed milk products is around 18 months.
Explore Persistence Market Research’s expertise in promulgation of the business !
Will the Rising Vegan Trend Positively Impact Sales of Hemp Seed Milk?
Increasing awareness about the impact of animal agriculture on the environment has helped push consumers towards veganism. Intake of meat products increases the risk of heart disease, due to which, health-conscious consumers have started adopting vegan food products.
Today, consumers are looking for healthy food options that are organic, natural, and free-from chemicals or preservatives. Plant-based food products are the best substitute, because plant-based hemp seed milk is one of the best nutritional-rich products.
According to Good Food Institute, the plant-based milk category holds 35% of the overall plant-based market, and is worth US$ 2.5 Bn.
Which Factors are Restraining Demand for Hemp Seed Milk?
There is increasing consumer demand for low-caloric food products and those that have low-sugar content. Key players are working on research & development to produce artificial sweeteners, but these have many disadvantages such as indigestion, increases craving for sugar, weight gain, type-2 diabetes, hypertension, and heart diseases, besides others.
Key players also use thickeners such as carrageenan, guar gum, or xanthan gum. These gelling agents can cause bloating, stomach aches, inflammation of the digestive system, and more adverse reactions. Increase in number of health-conscious consumers who do not prefer to use these products containing artificial sugar and thickeners might hamper demand for hemp seed milk.
Production of hemp seed milk needs to have a more specific environment, which requires heavy investments. Different emulsifiers and thickeners are used to produce homogeneous and thick hemp seed milk.
To increase the shelf-life of hemp seed milk, companies such as California Natural Foods and Braham & Murray Good Hemp have adopted new packaging systems such as aseptic packaging techniques, which also increase overall production cost.
Will Demand for Hemp Seed Milk Steadily Increase in the U.S.?
The market in the U.S. is witnessing significant grow that around 8% due to rise in consumption of plant-based milk products. Hemp seed milk contains a high amount of protein omega-3 fatty acid and low-fat content, which makes it a desirable alternative to cow milk. Manufacturers in the country are introducing a variety of flavored and sweetened hemp seed milk to draw consumer attention.
Why Does Italy a High Share in Europe for Hemp Seed Milk?
Europe is a hotspot for increasing health-conscious consumers along with willingness to adopt non-dairy products. According to Persistence Market Research, the European market will evolve at a CAGR of over 13% during the forecasted period, with Italy leading the way.
Manufacturers involved in offering application-specific hemp seed milk are investing heavily in research & development to develop new products, which is expected to propel demand over the forecast period of 2021 to 2031.
Why is Demand for Hemp Seed Milk Rising Faster as Compared to Conventional Milk?
Increasing awareness of harmful effects of dairy products has pushed consumers toward plant-based products. Major population is suffering from milk protein intolerance and lactose intolerance, which cause abdominal cramps, bloating, tightness in throat, wheezing, vomiting, hives, and digestive problems. Hemp seed milk is a suitable organic product for consumers facing lactose intolerance.
Hemp seed milk products are a great substitute for dairy products as it contains fewer calories, proteins, and carbohydrates. Hemp seed milk contains all the essential amino acids that are necessary for a healthy lifestyle.
How is Hemp Seed Milk Positively Impacting the Nutraceutical Sector?
Plant-based products are the best alternative for consumers who are facing health problems such as heart diseases and lactose intolerance. Nitric oxide found in hemp seeds helps in blood vessel relaxation and maintains blood pressure. Fatty acids in hemp seeds can boost the immune system.
Increasing disposal income of consumers and busy lifestyle have increased demand for nutritional-rich functional food products. Key players are providing special hemp seed milk for making latte coffee, which is trending among millennials.
What is the Impact of COVID-19 on Hemp Seed Milk Sales?
The current COVID-19 pandemic is reshaping plant-based hemp seed milk demand, from global economies to product categories, pricing, and stock availability, to consumer behavior. The pandemic has also placed the spotlight on hemp seed milk supply and food security across the world.
Plant-based hemp seed milk companies will be expected to see growth opportunities over the years. Against this backdrop, the pandemic is unlikely to have a long-term effect on the market.
Companies manufacturing hemp seed milk are aiming at strategic collaborations and strategic partnerships with other manufacturers to expand their product manufacturing and address the rising demand of an expanding patient pool.
- In 2020, U.K.’s Good Hemp launched the first dairy-free hemp cream concentrate milk with an extended shelf-life. Due to its light flavor, it can be used in a wide variety of formulations.
- In February, SunOpta revealed that it acquired Dream and WestSoy from the Hain Celestial Group – two of the largest and established brands in the shelf-stable plant-based dairy products sector. SunOpta ramped up its production capacity in its beverage plant in Allentown, Pennsylvania.
Scope of Report
Historical Data Available for
USD million for value
Key Regions Covered
Key Countries Covered
Main Market Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Request
Market Segments by Category
- Flavored Hemp Seed Milk
- Vanilla Hemp Seed Milk
- Chocolate Hemp Seed Milk
- Unsweetened Vanilla Hemp Seed Milk
- Regular Hemp Seed Milk
- Food Process Industry
- Bakery Products
- Beverage Industry
- Functional Food Products
- Convenience Food Products
- Foodservice Industry
- Nutraceutical Industry
- Retail / Household
- Business to Business
- Business to Consumer
- Specialty Stores
- Online Retail
Key FAQs Answered in Market Study
- How much is the hemp seed milk market valued at?
Revenue from the global hemp seed milk market is set to reach US$ 147 Mn by 2021-end.
- At what rate did the market for hemp seed milk grow in the past 5 years?
The global market for hemp seed milk expanded at 10.3% CAGR from 2016 to 2020, mainly led by North America and Europe.
- What are the forecasts for the sales of hemp seed milk through 2031?
The global hemp seed milk market is slated to surge at around 11% CAGR over the next ten years, mainly back by rising vegan trend across the world.
- Which is the highest grossing market for hemp seed milk?
As per Persistence Market Research’s projections, North America currently holds dominance, accounting for over 1/3 of global market share, with revenue expected to top US$ 100 Mn by 2031.
- Who are the major 5 manufacturers of hemp seed milk?
The global hemp seed milk market is dominated by SunOpta, Pacific Foods of Oregon, Living Harvest Foods, Manitoba Harvest Hemp Foods, and Z-company, who hold a market share of around 15-20% globally.
- Which are the top 5 countries driving demand for hemp seed milk?
The top 5 countries driving demand for hemp seed milk are the U.S. Mexico, Italy, Australia, and the U.K., due to increasing number of health-conscious consumers in the countries.
- Which countries are key producers of hemp seed milk?
The U.S., California, Canada, and Spain are major producers of hemp seed milk and also have the highest share in the market.
- What are the key trends shaping the growth of the hemp seed milk industry?
Changing consumers preference for healthy and natural food products, inclination toward plant-based products, and rising demand for clean label, non-GMO, gluten-free food products are key trends driving market expansion.
- Which are the key exporters of hemp seed milk?
Pacific Food of Oregon, Living Harvest Foods, MANITOBA HARVEST HEMP FOODS, and Good Hemp are key exporters of hemp seed milk across regions.
- What are the key market statistics in Japan and South Korea for hemp seed milk?
The market in Japan and South Korea is expected to expand at CAGRs of 10.4% and 11.1% respectively, together holding ¼ market share in East Asia.
Enquiry before buying
- Is this research conducted by Persistence Market Research?
Yes, the research has been conducted by expert analysts of Persistence Market Research, through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
- What research methodology is followed by Persistence Market Research?
Persistence Market Research follows a methodology that encompasses the demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.
- Who are the respondents for primary research?
Persistence Market Research speaks to stakeholders across the spectrum, including c-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.
- How can I buy this report?
Persistence Market Research provides a secure online payment system to buy reports seamlessly. You can buy the report securely and safely.