Industry Overview
The global Hemp-based Foods market size was valued at USD 2.3 billion in 2023. It is likely to grow up to USD 4.5 billion by 2030 at a CAGR of 5.9% during the forecast period ranging between 2025 and 2030.
.png)
Consumers preferring hemp-based and safer food products especially in the developing countries help the market to grow significantly. Also, sustainable practices in cultivation and eco-friendly methods of food processing facilitate market expansion.
Food products sourced from Cannabis Sativa are called hemp-based foods. These food products are extremely safe without any side effects caused to the nerves or mental skills. Available in different forms such as oils, milk, powders and more, hemp-based foods are manufactured using safe and sophisticated technologies. These food items are good for health and provides a lot of fiber and fatty acids. Heart health is significantly improved wit regular consumption of hemp-based food products. It also promotes digestion and provides lot of energy.
Global Hemp-based Foods Market Trends/Growth Drivers:
Rising demand from consumers in different regions
The expansion of the global hemp-based foods market is propelled by the growing demand from consumers looking for safer, healthier, plant-based food items to support their healthy lifestyle. Also, growing awareness of hemp-based food promotes market growth.
Rise of online and retail outlets
A influencing factors include rise of online and retail outlets promoting easy accessibility, higher product on and commercialization facilitating higher production, supportive regulations and advanced technology for hemp-food processing.
Global Hemp-based Foods Market Challenges
Regulatory and legal issues
Legal barriers and variations in law are significant challenges that hinders the growth of the hemp-based foods market worldwide. Adding to the challenge is the variable regulations of different countries that complicates adherence. This prevents their easy accessibility and widespread adoption in several countries. Legal barriers also cause delays in production and launches and add to the operational costs. Moreover, concerns over safety and purity of these foods due to lack of comprehensive testing and certification restricts market growth.
Global Hemp-based Foods Market Opportunities
Rising awareness among consumers
Growth prospect of the global hemp-based foods market is however expected by the growing awareness of these food products and their benefits among the consumers. This has resulted in higher acceptance thereby pushing the demand for the products and market growth. This is the result of the initiatives taken to educate people as well as better product sampling and experimentation. Both these initiatives build interest and trust of consumers on these food products who are encouraged to buy them to facilitate market growth.
Global Hemp-based Foods Market Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2024
|
U.S.D. 2.3 Billion
|
|
Revenue Forecast in 2030
|
U.S.D. 4.5 Billion
|
|
Growth Rate
|
5.9%
|
|
Segments Covered in the Report
|
Product Type, Application, Distribution Channel and End User
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
North America, Europe, Asia Pacific and Rest of the World
|
Global Hemp-based Foods Market Segmentation
VynZ Research provides an analysis of the key trends in each segment of the hemp-based foods market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on Product Type, Application, Distribution Channel and End User.
Insight by Product Type
- Hemp Protein
- Hemp Seeds
- Hemp Oil
- Hemp Milk
- Others
Hemp protein segment rules for high demand
The global hemp-based foods market is divided by product type into Hemp Protein, Hemp Seeds, Hemp Oil, Hemp Milk, and others, with the hemp protein segment dominating the market for the high nutritious value and high demand especially among the vegetarians and athletes.
Insight by Application
- Beverages
- Snacks
- Dietary Supplements
- Other subsections
Snacks and beverage segments dominate due to high demand
The different applications divide the global hemp-based foods market into Beverages, Snacks, Dietary Supplements, and other subsections. The snacks and beverages segments dominate the market amongst all and is also expected to grow more during the forecast period due to higher demand by organic and vegan food lovers.
Insight by Distribution Channel
- E-Commerce
- Specialty Stores
- Retail
E-commerce leads due to convenience
E-Commerce, Specialty Stores, and Retail are the three categories in which the global hemp-based foods market is divided into different distribution channels. Out of these subsections, the e-commerce sector dominates the market and is expected to grow at a higher CAGR as it offers easy access to the consumers. It also offers a wider variety of products to choose from adding to the convenience in shopping by the consumers.
Insight by End User
- Health-conscious
- fitness-oriented
Health-conscious segment rules due to high demand
Health-conscious and fitness-oriented end users divide the global hemp-based foods market into two categories where the health-conscious users dominate the market due to higher preference for nutrient-rich and sustainable alternatives.
Global Hemp-based Foods Market: Geographic Overview
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Vietnam
- Thailand
- Malaysia
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
North America is the leader of the global hemp-based foods market due to the growing demand, higher cultivation and production and robust supply chain.
Europe shows sustainable growth due to higher focus on eco-friendly practices by countries like the UK and Germany.
Asia-Pacific region is most promising due to higher demand in specific countries like Australia, Japan, and China.
Latin America is also growing steadily due to strategic shift towards hemp cultivation as diverse agricultural practices.
Global Hemp-based Foods Market: Competitive Insights
- Hemp Foods Australia
- Nutiva
- Green Organic Dutchman
- Hemp Oil Canada
- Manitoba Harvest
- HEMPIKA
Global Hemp-based Foods Market: Recent Developments
A worldwide distribution deal is been signed between Hemp Foods Australia and Woolworths to expand their foothold making the best use of the largest chain of supermarkets in Australia.
Nutivamade a notable inclusion in their product line with the launch of frozen dessert in the Natural Products Expo West. These desserts are typically made from non-dairy and healthy alternatives.
.png)
