Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Hemp-based
Food Market makes an offering of in-depth analysis of segments and sub-segments
in the regional and international Hemp-based Food Market. The research also
emphasizes on the impact of restraints, drivers, and macro indicators on the regional
and global Hemp-based Food Market over the short as well as long period of
time. A detailed presentation of forecast, trends, and dollar values of global Hemp-based
Food Market `is offered. In accordance with the report, the global Hemp-based
Food Market is projected to expand at a CAGR of 6.9% over the period of
forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Hemp, hemp seeds
and hemp related food are primarily demanded for the wide variety of nutrition
provided by it. Hemp is a gold mine of vitamin B1, vitamin B2, vitamin B6,
vitamin D, vitamin E, potassium, magnesium, calcium, omega-3, and omega-6. All
this are a great source of nutrition for the body. It excludes trans-fat and
comprises minimum saturated fats. The rising demand of highly nutrient rich
food owing to health concern is driving the demand for hemp-based food
products. Also, hemp-based food items are gluten-free, GMO-free and
allergen-free. The growing tendency of people to consume natural and organic
food is developing the hemp-based food market. Hemp is an only natural food
that has gained popularity as highly-protein rich. Demand for high protein by
the entire population has provided an impetus to this market. Also, the vegan
population’s demand for hemp coupled with the rising vegan population to avoid
animal cruelty is empowering the growth of the hemp-based food market.
Hemp-based foods like snack bar, corn chips, and nut butter are is also
surging. The growing demand for convenience food that are organic is providing
a compulsion for the growth of the hemp-based food market. Rising disposable
income and changing food habits coupled with the rising dependence on organic
processed foods is fueling the growth of this market. Improving quality and
variety of hemp-based food is creating a market for itself. Finally, various
promotional activities that are increasing the product visuality is accelerating
the growth of the hemp-based food market.
But, the premium
prices of hemp-based food products are restraining the growth of this market.
Scarcity of proper breeding and fertilizing technologies is likely to hamper
this market. Hemp-based food production is fragile and needs to be handled with
care. These production biases are a severe threat to the moving ahead of the
market. Hemp-based food products has to adhere to rigid policies of different
countries and governments across the globe. Producers has to follow the strict
discriminatory verdict for the production and distribution of hemp across
different states in a country and also among different countries. The
production of hemp has to go through hard and fast legal procedure and this is
a blockage to the development of the hemp-based food market.
The growing
acceptance of processed food culture is likely to pave a way for the better
future of the market. The consumers awareness regarding their health and the
consumption of organic food coupled with the extensive realm of nutrition
provided by this food items is a great scope for the enlargement of the market.
The rising vegan population and also the population brings with itself the
demand for plant-based protein. This is a great chance to exploit by the
hemp-based food market.
Segment Covered:
This market
intelligence report on the global Hemp-based food market encompasses market
segments based on product type, source, sales channel, application, and country/regions.
By product type, the Hemp-based Food Market is segregated
into,
§ Hulled Hemp Seed
§ Whole Hemp Seed
§ Hemp Protein Powder
§ Hemp Seed Oil
§ Others
By source, the Hemp-based Food Market is
segmented into,
§ Organic
§ Conventional
By sales channel, the Hemp-based Food Market is fragmented
into,
§ Hypermarket Stores
§ Supermarket Stores
§ Convenience Stores
§ Others
By Application, the Hemp-based Food Market is
classified into,
§ Pharmaceuticals
§ Textiles
§ Personal Care Products
§ Beverages (ready to drink, sports and energy drinks, hot beverages,
others)
§ Food (diary and frozen desserts, bakery, soups, sauces
and seasonings, snacks and cereals)
By country/region, the Hemp-based Food Market is divided
into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ HempAmericana, Inc
§ Canopy Growth Corporation
§ Hemp Foods Australia
§ Canah International
§ Just Hemp Foods
§ GIGO Foods
§ Naturally Splendid
§ Canada Hemp Foods
§ Fresh Hemp Foods Limited
§ The Hemp Corporation Pty Ltd
§ Navitas Organics
§ Elixinol
§ GFR Ingredients Inc
§ AgroPro
§ Hempco
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Hemp-based food Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Hemp-based Food Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Hemp-based Food Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as The Hemp Corporation
Pty Ltd, Fresh Hemp Foods Limited, Hemp Foods Australia, Canada Hemp Foods,
AgroPro and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Hemp-based Food caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Hemp-based
Food Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Hemp-based Food Market
v
Identification
of key factors driving investment opportunities in Hem-based Food Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants