Reports > Food And Beverages > Hemp Milk Market Report
Hemp Milk Market Size, Share, Industry Trends and Forecast to 2033
This report presents a comprehensive analysis of the hemp milk market, focusing on market size, trends, and forecasts from 2023 to 2033. Insights into segmentation, regional performances, and leading market players provide a well-rounded view for stakeholders and decision-makers.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.80 Billion |
| CAGR (2023-2033) | 12.2% |
| 2033 Market Size | $5.97 Billion |
| Top Companies | Hemp Foods Australia, Nutritional Hemp Company, HempMilk, Inc., La Republica |
| Last Modified Date | 15 Nov 2024 |
Hemp Milk Market Report (2023 - 2033)
Hemp Milk Market Overview
What is the Market Size & CAGR of Hemp Milk market in 2023 and 2033?
Hemp Milk Industry Analysis
Hemp Milk Market Segmentation and Scope
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Hemp Milk Market Analysis Report by Region
Europe Hemp Milk Market Report:
Europe's hemp milk market is valued at approximately $0.49 billion in 2023, with projections of $1.62 billion by 2033. An increase in the number of health-focused consumers along with sustainability initiatives strongly supports this growth.Asia Pacific Hemp Milk Market Report:
The Asia Pacific region is projected to show robust growth in the hemp milk market, expanding from $0.39 billion in 2023 to $1.29 billion by 2033. Rising health consciousness and the growing popularity of veganism in countries like Australia and New Zealand will drive this growth.North America Hemp Milk Market Report:
North America leads the market with a current size of $0.62 billion, expected to reach $2.04 billion by 2033, fueled by rising health trends, the increasing vegan population, and a wide acceptance of hemp products.South America Hemp Milk Market Report:
In South America, the hemp milk market is smaller, currently valued at $0.12 billion in 2023, with expected growth to $0.40 billion by 2033. Increasing demand for plant-based products and the expansion of availability in regional retail stores will contribute to market development.Middle East & Africa Hemp Milk Market Report:
The Middle East and Africa show a gradual increase in the hemp milk market, from $0.19 billion in 2023 to $0.62 billion in 2033. Awareness campaigns regarding plant-based diets are contributing to the slow but steady market expansion.Request a custom research report for industry.
Hemp Milk Market Analysis By Product
Global Hemp Milk Market, By Product Market Analysis (2023 - 2033)
The hemp milk market is divided into three primary product segments: plain, flavored, and fortified hemp milk. The plain variant is the most significant, projected to grow from $1.12 billion in 2023 to $3.72 billion by 2033, accounting for 62.38% of the market share. Flavored varieties are gaining traction, anticipated to grow from $0.40 billion to $1.34 billion, while fortified hemp milk is expected to grow from $0.27 billion to $0.91 billion.
Hemp Milk Market Analysis By Distribution Channel
Global Hemp Milk Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels for hemp milk include online and offline retail. Online retail holds a substantial share at 80.46%, with growth from $1.45 billion in 2023 to $4.80 billion in 2033. Offline retail accounts for a smaller share yet has seen growth from $0.35 billion to $1.17 billion, driven by more health-food stores and supermarkets stocking hemp products.
Hemp Milk Market Analysis By Consumer Type
Global Hemp Milk Market, By Consumer Type Market Analysis (2023 - 2033)
Consumer segments comprise health-conscious individuals, vegan consumers, and those who are lactose intolerant. Health-conscious consumers lead the market with a size of $1.12 billion expanding to $3.72 billion, followed by vegan consumers with a growth projection from $0.40 billion to $1.34 billion, and lactose-intolerant consumers increasing from $0.27 billion to $0.91 billion.
Hemp Milk Market Analysis By Packaging
Global Hemp Milk Market, By Packaging Market Analysis (2023 - 2033)
Hemp milk products are offered in various packaging types such as cartons, bottles, and pouches. Carton packaging dominates with a market size of $1.12 billion, expected to grow to $3.72 billion. Bottle packaging follows with projections from $0.40 billion to $1.34 billion, and pouch packaging expanding from $0.27 billion to $0.91 billion.
Hemp Milk Market Analysis By Price Range
Global Hemp Milk Market, By Price Range Market Analysis (2023 - 2033)
The hemp milk market is also segmented by price range, with economy products leading at $1.45 billion in 2023, anticipated to increase to $4.80 billion by 2033. Premium hemp milk products, valued at $0.35 billion currently, are expected to grow to $1.17 billion, catering to a niche market segment focusing on higher-quality offerings.
Hemp Milk Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Hemp Milk Industry
Hemp Foods Australia:
One of the leading producers of hemp food products, specializing in high-quality hemp milk and other derivatives, promoting health benefits and sustainability.Nutritional Hemp Company:
A prominent player in the hemp industry, offering a diverse range of hemp products including hemp milk, nutritional supplements, and raw ingredients aimed at health-conscious consumers.HempMilk, Inc.:
Innovators in the hemp milk sector providing both classic and flavored varieties, focusing on high nutritional value and plant-based alternatives.La Republica:
Known for its delicious, flavored hemp milk, La Republica emphasizes organic sourcing and healthy lifestyle branding.We're grateful to work with incredible clients.
