What is Global Hemp-based Foods Market?
The global hemp-based foods market is a rapidly expanding sector within the broader food industry, driven by increasing consumer awareness of the nutritional benefits and versatility of hemp. Hemp-based foods are derived from the seeds of the hemp plant, which is a variety of the Cannabis sativa plant species. Unlike its cousin marijuana, hemp contains only trace amounts of THC, the psychoactive compound, making it safe and legal for consumption in many parts of the world. The market encompasses a wide range of products, including whole hemp seeds, hulled hemp seeds, hemp seed oil, hemp protein powder, and other hemp-derived food items. These products are celebrated for their rich nutritional profile, which includes essential fatty acids, proteins, vitamins, and minerals. As consumers become more health-conscious and seek plant-based alternatives, the demand for hemp-based foods continues to rise. This market is also benefiting from the growing trend of sustainable and eco-friendly food production, as hemp cultivation is known for its minimal environmental impact. With its potential to cater to various dietary needs and preferences, the global hemp-based foods market is poised for significant growth in the coming years.
Whole Hemp Seed, Hulled Hemp Seed, Hemp Seed Oil, Hemp Protein Powder, Others in the Global Hemp-based Foods Market:
Whole hemp seeds are the unprocessed seeds of the hemp plant and are a staple in the global hemp-based foods market. They are rich in essential nutrients, including omega-3 and omega-6 fatty acids, protein, and fiber. Whole hemp seeds can be consumed raw, roasted, or cooked, and are often used as a topping for salads, yogurt, or cereal. They are also a popular ingredient in baking, adding a nutty flavor and crunchy texture to bread, muffins, and cookies. Hulled hemp seeds, also known as hemp hearts, are whole hemp seeds with the outer shell removed. This process enhances their digestibility and makes them a versatile ingredient in various dishes. Hulled hemp seeds are soft and have a mild, nutty flavor, making them an excellent addition to smoothies, oatmeal, and salads. They are also used in the production of hemp milk, a dairy-free alternative that is gaining popularity among consumers with lactose intolerance or those following a vegan diet. Hemp seed oil is extracted from the seeds of the hemp plant and is renowned for its nutritional benefits. It is rich in essential fatty acids, particularly omega-3 and omega-6, which are known to support heart health and reduce inflammation. Hemp seed oil is often used as a salad dressing or drizzled over dishes to enhance flavor and nutritional value. It is also a popular ingredient in skincare products due to its moisturizing properties. Hemp protein powder is made by grinding hemp seeds into a fine powder, which is then used as a dietary supplement. It is a complete protein, containing all nine essential amino acids, making it an excellent choice for athletes, bodybuilders, and individuals seeking to increase their protein intake. Hemp protein powder can be added to smoothies, shakes, or baked goods to boost their protein content. Other hemp-based food products include hemp flour, hemp milk, and hemp-based snacks. Hemp flour is made by milling hemp seeds into a fine powder and is often used as a gluten-free alternative in baking. Hemp milk is a plant-based milk alternative made by blending hemp seeds with water and is a popular choice for those with dairy allergies or following a vegan diet. Hemp-based snacks, such as hemp bars and hemp granola, are convenient and nutritious options for on-the-go consumption. These products cater to a wide range of dietary preferences and are contributing to the growth of the global hemp-based foods market.
Supermarkets, Convenience Stores, Others in the Global Hemp-based Foods Market:
The global hemp-based foods market finds its way into various retail channels, including supermarkets, convenience stores, and other outlets, each playing a crucial role in making these products accessible to consumers. Supermarkets are one of the primary distribution channels for hemp-based foods, offering a wide range of products under one roof. They provide consumers with the convenience of purchasing hemp-based foods alongside their regular grocery shopping. Supermarkets often dedicate specific sections to health foods, where hemp-based products are prominently displayed. This visibility helps in attracting health-conscious consumers who are looking for nutritious and plant-based food options. Additionally, supermarkets often run promotions and offer discounts on hemp-based products, further encouraging consumers to try these items. Convenience stores, on the other hand, cater to consumers seeking quick and easy access to food products. While they may not offer the extensive range of hemp-based foods found in supermarkets, they do stock popular items such as hemp bars, hemp snacks, and ready-to-drink hemp beverages. These products are ideal for consumers looking for healthy, on-the-go options. Convenience stores play a vital role in introducing hemp-based foods to a broader audience, particularly those who may not frequent health food stores or supermarkets. Other retail outlets, including health food stores, online platforms, and specialty shops, also contribute to the distribution of hemp-based foods. Health food stores often carry a wide variety of hemp-based products, catering to consumers who are specifically seeking organic, natural, and plant-based foods. These stores provide a more personalized shopping experience, with knowledgeable staff who can offer advice and recommendations on hemp-based products. Online platforms have become increasingly popular for purchasing hemp-based foods, offering consumers the convenience of shopping from home and access to a broader range of products. Specialty shops, such as vegan or gluten-free stores, also stock hemp-based foods, catering to niche markets and dietary preferences. These various retail channels ensure that hemp-based foods are accessible to a diverse range of consumers, contributing to the growth and expansion of the global hemp-based foods market.
Global Hemp-based Foods Market Outlook:
In 2024, the global market size for hemp-based foods was valued at approximately US$ 1,815 million, with projections indicating a significant increase to around US$ 8,483 million by 2031. This growth is expected to occur at a compound annual growth rate (CAGR) of 25.0% during the forecast period from 2025 to 2031. North America currently holds the largest share of the hemp-based foods market, accounting for about 35% of the total market. This is followed by the Asia-Pacific region and Europe, which also contribute significantly to the market's expansion. Among the leading manufacturers in the industry are Manitoba Harvest, Hemp Oil Canada, Braham & Murray, Jinzhou Qiaopai Biotech, and GIGO Food. These top five companies collectively hold approximately 30% of the market share, highlighting their influence and presence in the hemp-based foods sector. The robust growth of the market can be attributed to increasing consumer awareness of the health benefits associated with hemp-based foods, as well as the rising demand for plant-based and sustainable food options. As more consumers seek nutritious and eco-friendly alternatives, the hemp-based foods market is poised for continued expansion and innovation.
| Report Metric | Details |
| Report Name | Hemp-based Foods Market |
| Forecasted market size in 2031 | approximately US$ 8483 million |
| CAGR | 25.0% |
| Forecasted years | 2025 - 2031 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Manitoba Harvest, Hemp Oil Canada, Braham & Murray, Jinzhou Qiaopai Biotech, Canah International, GIGO Food, Just Hemp Foods, North American Hemp & Grain Co., Yunnan Industrial Hemp, Nutiva, Hempco, Agropro, GFR Ingredients Inc., Naturally Splendid, Navitas Organics, Yishutang, Hemp Foods Australia, Elixinol, Canada Hemp Foods, Mettrum Originals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
