Market Analysis and Insights: Global Hemp Milk Market
Hemp milk market is expected to reach USD 666.24 million by 2027 growing at a growth rate of 15.3% in the forecast period 2020 to 2027. Increasing legalisation and acceptation of hemp-based product among people are the factor accelerating the hemp milk market in the forecast period of 2020- 2027.
Hemp is defines as an environmental friendly crop which is rich in nutrients and various fats and minerals. Hemp milk is an alternative or similar to dairy milk in the form of texture and colour which provides health benefits in form of low calories and less sweetened food products, rich quantity of protein, various essential fatty acids are some of the factors which tend to accelerate the demand of hemp milk in the market.
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Surging number of lactose intolerant population, increasing preferences of plant based, nutritious, healthy and vegan products among the consumers, rising need to protect environment as well as animals, growing demand from cafes for preparation of coffees are some of the factors that will enhance the growth of the hemp milk market in the forecast market of 2020-2027. On the other hand, increasing demand of product in healthcare industry and rising research activities for the preparation of more healthy products will further create new and ample opportunities for the growth of hemp milk market in the above mentioned forecast period.
More Preference given to cow milk and increasing cases of hemp allergy are acting as a market restraint in the growth of hemp milk for the above mentioned forecast period.
Global Hemp Milk Market Scope and Market Size
Global Hemp milk market is segmented on the basis of flavor, product, category and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of flavor, the hemp milk market is segmented into flavoured and unflavored.
- Based on product, the hemp milk market is segmented into organic and inorganic.
- Based on the category, the hemp milk market is segmented into plain, low-sugar, sweetened and unsweetened.
- The hemp milk market is also segmented on the basis of distribution channel. The distribution channel is segmented into online and offline. Offline segment has been further segmented into supermarket stores, convenience stores, hypermarket stores and others.
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Hemp Milk Market Country Level Analysis
Hemp milk market is analyses and market size, volume information is provided by country by flavor, product, category and distribution channel as referenced above.
The countries covered in the hemp milk market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the hemp milk market in the forecast period 2020 to 2027 because of growing demand of hemp milk varieties.
The country section of the hemp milk market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Hemp Milk Market Share Analysis
Hemp milk market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hemp milk market.
The major players covered in the hemp milk report are Drink Daily Greens LLC, PACIFIC FOODS OF OREGON, LLC., Wild Harvest, Good Hemp Food, Cell-Nique Corporation, The Fix Juice Pty Ltd, Organic Hemp Milk Australia, Manitoba Harvest Hemp Foods, Goodmylk Co., Ecomil, milkadamia, Victory Hemp Foods, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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