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Hemp Seed Milk Market

Global Market Study on Hemp Seed Milk: Increasing Trend Towards Plant-based Food Products Catalyzing Market Growth

Hemp Seed Milk Market Segmented By Vanilla Hemp Seed Milk, Chocolate Hemp Seed Milk, Unsweetened Vanilla Hemp Seed Milk, as Flavored Hemp Seed Milk, Regular Hemp Seed Milk in Food Process Industry, Foodservice Industry, Nutraceutical Industry

Hemp Seed Milk Market Outlook (2023-2033)

The global hemp seed milk market incurred high sales in the historical period assessment and showed growth rate of 9.8% during (2018-2022). The market value increased decidedly and registered the sales of US$ 21.2 Mn in year 2023.

Hemp Seed Milk Market Size (2023E)

US$ 21.2 Mn

Projected Sales of Hemp Seed Milk (2033F)

US$ 70.1 Mn

Value CAGR (2023-2033)

~9.8%

Value Share of Top 4 Countries (2022 A)

~35-40%

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Hemp Seed Milk Consumption Analysis (2018-2022) Vs. Market Estimations (2023-2033)

The global hemp seed milk market has witnessed significant growth in the historical period registering a CAGR of 9.8 % in the historical period and was valued at US$ 21.2 Mn in 2023. 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.

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What are the Key Trends in the Market for Hemp Seed Milk?

Customer’s Prefer Gluten-free Products for Better Health.

The increased awareness regarding health and wellness among consumers has increased the sales of high nutritional and gluten-free products. Consumers are shifting their preference toward gluten-free products, which have many health benefits such as treating digestive problems, reducing chronic inflammation, boosting energy, and helping lose weight.

Gluten sensitivity is one of today’s most common food allergies among consumers. Companies such as SunOpta, Living Harvest Foods, Ecomil, Elmhurst1925, and Golden Hemp Company provide gluten-free products, which are gaining popularity as the occurrence of celiac disease, gluten intolerance, gluten rash, and wheat allergy is increasing among consumers. This in turn has increased the demand for plant-based gluten-free hemp seed milk.

“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.

“Increased Number of Customers Shifting towards Vegan Diet to Increase Sales for Hemp Seed Milk Market”

Increasing awareness about the impact of animal agriculture on the environment has helped to push consumers towards veganism. Intake of meat products increases the risk of heart disease, due to which, health-conscious consumers have started adopting food products.

Today, consumers are looking for healthy food options, special nutritional rich dietary, organic, natural, and free from chemicals or preservatives. Plant-based food products are the best substitute for them because plant-based hemp seed milk is one of the best nutritional-rich products for consumers. Even those who follow veganism will get all the necessary vitamins and proteins.

Vegan food is considered to be healthier than conventional food, with reduced risk of cancer, and reduced risk of diabetes, encouraging the population to turn vegan.

  • According to Good Food Institute, the plant-based milk category holds 35% of the overall plant-based market, which is worth $2.5 billion.

“Increasing Preference for Premium Food Products having High Shelf Life”

Busy life style, increasing demand for the consumption of healthy food products, and increasing disposable income of consumers are expected to drive the hemp seed milk market. 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 hemp seed milk market. Increasing the shelf life of food products allows healthy consumption and quality retention, which raises the profitability and efficiency of food production companies in 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 technology 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.

“Health Benefits Associated with Hemp Seed Milk to Drive Market Growth”

Hemp seed milk is a popular vegan substitute for cow's milk. It is produced from whole hemp seeds and is high in plant protein, healthy fats, and minerals. Commercial hemp seed milk is frequently enriched with calcium, phosphorus, and vitamins A, B12, and D, all of which are essential for human health.

There is an increase in the number of lactose intolerant consumers and milk protein intolerance. Hemp seed milk is the best alternative to dairy-based milk, which health-conscious consumers are widely adopting, thus, driving the market.

Increasing the skin's immunological response to inflammation and aging can also be supported by consuming meals that have a balance of omega-6 and omega-3 fatty acids. Hemp is also rich in the amino acid arginine, through which the body creates nitric oxide. Nitric oxide helps to relax blood vessels and maintain healthy blood pressure. Thus, helping in improving heart conditions. Companies such as Dole Food Inc. and Pinnacle Foods Inc. are trying to establish their distribution channels to ease transportation and increase their bottom line. These companies are focusing on transportation trucks that are custom-built to carry hemp seed milk safely.

Development of Artificial Sweeteners and Thickeners to Hamper Hemp Seed Milk Market

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.

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Country-wise insights

What is the East Asia Outlook for the Hemp Seed Milk Market?

The Asia Pacific countries are majorly dependent upon dairy products and people of this region are increasingly facing the problem of lactose intolerance. Increased health awareness among consumers and health consciousness have created positive opportunities in the market of Asia Pacific for the key players of hemp seed milk.

China is the world's leading producer of hemp and hold the largest market share of ~74% in the year 2023. Key players have an excellent potential to create new manufacturing units for the production of a wide range of hemp-based products. Hemp seed milk is the best nutritionally dense, organic, and healthful product, as well as a lactose-free and gluten-free alternative to animal-based milk products.

Why Does U.K. holds the 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 ~14.9% during the forecasted period, with U.K. 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 2023-2033.

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Category-wise insights

Why is Hemp Seed Milk Demand Growing Faster than 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 are Various Distribution Channels Offering Sales Opportunities for Hemp Seed Milk Suppliers?

Sales of hemp seed milk are increasing through business to consumer segments at a rapid rate. Online retail segment is witnessing a high growth rate among the business to consumer channels, at a CAGR of ~11.5%, followed by hypermarkets/supermarkets, specialty stores, and convenience stores.

Competitive Dashboard

The majority of large-scale international and local businesses make up the global hemp seed milk market. Multinational companies with a wide variety of products account for roughly 15-20% of the worldwide hemp seed milk industry. Players in the hemp seed milk market are targeting their product offerings especially towards the foodservice operators owing to the nutritional properties of hemp seed milk, which are beneficial for the consumers suffering from the lactose intolerance and gluten intolerance. SunOpta, California Natural Products, Pacific Foods, and, Living harvest foods, among others are some of the major players operating in the global hemp seed milk market. The latter are engaged in the business of providing hemp seed milk and hemp seed milk products, operate at small scale, and are more export-oriented.

  • Pacific foods have reliable and trusted suppliers that provides Non-GMO and organic plant based hemp seeds. Pacific foods have ‘certified to source (CTS)’ program that ensures the quality of hemp seeds.
  • In 2020, Living harvest foods provides variety of food plant-based hemp food products. Living harvest foods provides different favors in hemp seed milk such as chocolate flavored hemp seed milk, unsweetened original hemp seed milk, vanilla hemp seed milk, Vanilla unsweetened hemp seed milk to meet the demand of consumers.
  • Light and nutty flavored hemp seed hearts is the best product of Braham & Murray good hemp that can be use in multiple way such as to make porridge, yoghurt and to stir the fries and salads.

Hemp Seed Milk Industry Report Scope

Attribute

Details

Forecast period

2023-2033

Historical data available for

2018-2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • South Africa

Key market segments covered

  • Flavor
  • End Use
  • Distribution Channel
  • Region

Key companies profiled

  • SunOpta
  • Pacific Foods
  • California Natural Products
  • Living Harvest Foods
  • Hudson River Foods
  • Good Mylk Co.
  • Braham & Murray Good Hemp
  • Z-COMPANY
  • EcoMil
  • Golden Hemp Company LLC
  • Others ( on Additional Request)t

Report coverage

  • Market forecast
  • Company share analysis
  • Competition intelligence
  • DROT analysis
  • Market dynamics and challenges
  • Strategic growth initiatives

Customization & pricing

Available upon request

Hemp Seed Milk Industry Research by Category

By Flavor:

  • Flavored
  • Regular

By End Use:

  • Food Processing Industry
  • Food Service Industry
  • Retail/Household

By Distribution Channel:

  • Business To Business
  • Business To Consumers
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • SunOpta
  • Pacific Foods
  • California Natural Products
  • Living Harvest Foods
  • Hudson River Foods
  • Good Mylk Co.
  • Braham & Murray Good Hemp
  • Z-COMPANY
  • EcoMil
  • Golden Hemp Company LLC
  • Others ( on Additional Request)

- Frequently Asked Questions -

The global market for hemp seed milk has a value of US$ 21.2 Mn in 2023.

The global market for hemp seed milk has a value CAGR of 9.8% from 2018-2022.

The global market for hemp seed milk has a value of US$ 70.1 Mn in 2033.

The global market for hemp seed milk has a value CAGR of 11.2% from 2023-2033.

The top players in the global hemp seed milk market include SunOpta, California Natural Products, Pacific Foods, Living harvest foods, and Manitoba Harvest Hemp Foods.

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