Call for Plant-based Nutrition to drive the Hemp Market

Date : Feb 19, 2021 Author : PMR Editorial Staff Category : Food and Beverages

PersistenceMarketResearch, latest research findings regarding various global industrial verticals’ markets and markets for hemp (that could fall in the category of healthcare, food or chemicals – depend on  applications), sharps on the point that judicious use of hemp (subject to regulatory approval) is bound to delight wonders in the respective treding vertical.

Hemp seeds tend to have a nutty, mild flavour. The flavour that hemp oil has could be described as “grassy”. Hemp milk is made out of hulled hemp seeds, sweetener, and water. The American Heart Association has recommended consumption of 2 3.5-ounce servings of fish (oily fish in particular) every week. This could be attributed to the fact that fish are rich in omega-3 fatty acids. Those not consuming fish on regular basis may end up being deficient in EPA or DHA.

This is where hemp comes to the rescue. It comes across as one of the plant-based sources of omega-3 fatty acids, that too, in “concentrated” form. Hemp contains fatty acids in the form of ALA (alpha-linolenic acids), which compensates for nutrition from eggs or fish. Another advantage of hemp seeds is that they are endowed with phytosterols. They help in reduction of quantity of cholesterol in body by preventing the fat build-up along the arteries.

With majority of the global population turning vegan, the demand for hemp is bound to rise manifold. Research states that the last few years witnessed rise in veganism by 5% in the US alone. Moreover, the ongoing pandemic has compelled people to opt for veganism. As such, it could be inferred that there is a wide scope for the hemp market to witness an exponentiation in the forecast period.

Delving deep into the health benefits, hemp seeds do have a sizable amount of arginine along with sulphur-rich protein, which help in reduction of renal disease’s pathological intensity. Also, hemp seed enzymatic hydrolysates are proving effective with regards to in vivo and in vitro tests as anti-hypertensive and antioxidant agents. So, functional foods could be formulated with hemp seed proteins and hydrolysates. With capabilities like these getting unleashed through extensive research, the hemp market is slated to grow incomparably between 2020 and 2030.

PersistenceMarketResearch, through its study on various markets and markets pertaining to hemp, in particular, brings an all-pervasive study to the table. Therein, it profiles the key players in the hemp market such as Hempco, GenCanna, Hemp Inc., Ecofibre, and HempFlax BV. It has also taken utmost care to see to it that the latest developments are not missed out. For instance, when its study on healthcare-related markets and markets pertaining to hemp are looked into, the stakeholders will get to know that in the year 2019, Atalo Holdings inked a strategic partnership agreement with GenCanna for building an integrated hemp processing as well as distribution facility all across Kentucky (US). Another piece of information captured regarding PersistenceMarketResearch’s study on nutrition-related markets and markets specifically dedicated to hemp is that Hemp Inc. and Hemp Healthcare, in Jan 2019, did enter into joint venture for selling high-end hemp-based and CBD products, with the objective of increasing presence of the former one in Arizona (US).

PersistenceMarketResearch’s study on nutritional products markets and markets specially related in hemp also throws light on the fact that the same GenCanna, in Dec 2018, announced expansion of its processing facility through set-up of a 4th processing facility in the US (Kentucky) with investment of close to US$ 40 Mn.

PersistenceMarketResearch’s ongoing report could also be categorized as the one dealing with biochemical markets and markets related to hemp apprise of the research fact (as mentioned by University of Connecticut’s researchers) hemp biodiesel (produced from hemp seed extracts) records remarkable conversion efficiency of close to 97%. This efficiency is bound to prove to keep the cash registers ringing for hemp market going forward, as stated by the market report.

PersistenceMarketResearch’s study on biochemical-related markets (as stated above) and markets for hemp states that by type, the hemp market says Hemp Phytochemicals, CBD hemp oil, hemp seed oil, hemp seed, and hemp fiber. It also states that by application, it’s food (snacks & cereals, bakery, dairy & frozen desserts, soup, seasonings, and sauces, and others (cold cereals, pasta, chocolate spreads, pet food)), beverages (hot beverages, sports & energy drinks, ready-to-drink, and others (meal replacement drinks, beverage concentrates, beverage mixes, and juice drinks)), textiles, personal care products, pharmaceuticals, and others (construction & materials, automobiles, paper, pet food, and furniture).