The development of the food and beverage industry and growing consumer preferences for vegan food products are significant factors contributing to the favorable outlook of the market. Additionally, increased health awareness and increased consumer knowledge of the nutritional benefits of hemp foods are propelling the expansion of the market. The frequency of different chronic medical diseases is increasing due to the sedentary lifestyle of the general public.
Data Bridge Market Research analyzes that the hemp-based foods market from USD 5.25 Billion in 2021 will reach USD 11.59 Billion by 2029 and is expected to grow at a CAGR of 10.41% during from the forecast period 2022 to 2029. In addition to market insights such as market value, growth rate, market segments, geographic coverage, market players and market scenario, market report market organized by the Data Bridge Market Research team also includes in-depth analysis by experts, patient epidemiology, pipeline analysis, price analysis and regulatory framework.
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Market scope world of hemp foods
The hemp foods market is segmented on the basis of product and distribution channel. The growth among these segments will help you analyze weak growth segments in the industries and provide users with valuable market insight and market insights to help them make strategic decisions to identify major applications of the market.
- Hemp seed oil
- hemp protein powder
- Whole hemp seeds
- Shelled hemp seeds
- supermarket stores
- convenience stores
- Hypermarket stores
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Regional market analysis/overviews Hemp foods
The hemp-based foods market is analyzed and market size insights and trends are provided by country, product and distribution channel as listed above.
Countries covered in the Hemp-based Foods market report are USA, Canada & Mexico North America, Germany, France, UK, Netherlands, Switzerland , Belgium, Russia, Italy, Spain, Turkey, the rest of Europe in Europe, China, Japan. , India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hemp foods market due to the high prevalence of organic food products and the growing consumption of hemp foods.
Asia-Pacific is expected to witness the highest growth rate during the forecast period of 2022 to 2029 due to the acceptance of Western dietary habits and increasing demand for hemp foods due to their gluten-free properties.
The country section of the report also provides individual market impacting factors and regulatory changes in the national market that impact current and future market trends. Data points such as upstream and downstream value chain analysis, technical trends and bearer five forces analysis, case studies are some of the indicators used to forecast the market scenario for each country. In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of domestic tariffs and trade routes are considered while providing a forecast analysis of national data.
Competitive Landscape and Market Share Analysis by Hemp Foods
Hemp-Based Foods Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, global presence, locations and production facilities, production capacities, company strengths and weaknesses, product launch, product breadth and breadth, application dominance. The data points provided above relate only to the companies’ focus on the hemp foods market.
Some of the major players operating in the hemp-based foods market are:
- Agropro (United States)
- Nutiva Inc. (USA)
- Diversified Compass (US)
- Canopy Growth Corporation (Canada)
- Hempco Inc. (Canada)
- CANADA HEMPFOODS LTD. (Canada)
- Elixinol. (WE)
- Fresh hemp (Canada)
- Hemp Foods Australia Pty Ltd (Australia)
- Liaoning Qiaopai Biotech Co., Ltd. (China)
- Naturally Splendid Enterprises Ltd. (Canada)
- Elixinol Wellness Limited (Australia)
- NAVITAS ORGANICS (USA)
- Yunnan Hua Fang Industrial Hemp Co. Ltd. (China)
- Hemp & Co (Canada)
- Mettrum Originals (Canada)
Browse Full TOC at https://www.databridgemarketresearch.com/toc/?dbmr=global-hemp-based-foods-market&rajaas
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