LONDON–()–The international hemp-based meals market dimension is poised to develop by USD 364.98 million throughout 2020-2024, progressing at a CAGR of virtually 12% all through the forecast interval, in accordance to the newest report by Technavio. The report provides an up-to-date evaluation relating to the present market state of affairs, newest traits and drivers, and the general market atmosphere. The report additionally offers the market impression and new alternatives created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The hemp-based meals market is pushed by the rising vegan inhabitants and circumstances of celiac illness. The vegan life-style strongly helps animal rights and environment-friendly life-style selections. A vegan food regimen consists of fruits, greens, complete grains, legumes, nuts, and seeds as substitutes for meat, dairy, and different conventional sources of protein. In nations similar to the US, roughly 2.5% of the inhabitants observe a vegan food regimen and life-style. This quantity is predicted to develop throughout the forecast interval which can foster the demand for hemp-based meals similar to hemp seeds.

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Report Highlights:

  • The main hemp-based meals market progress got here from the hemp-seed based mostly meals section in 2019.
  • North America was the largest hemp-based meals market in 2019, and the area will provide a number of progress alternatives to market distributors throughout the forecast interval.
  • The international hemp-based meals market is fragmented. Aurora Cannabis Inc., Bombay Hemp Company Pvt. Ltd., Boring Hemp Co., CANAH INTERNATIONAL Srl, Canopy Growth Corp., Hemp Juice Company BV, HempFlax Group BV, Hudson River Foods, North American Hemp and Grain Co., and Nutiva Inc. are a few of the main market contributors. To assist shoppers enhance their market place, this hemp-based meals market forecast report offers an in depth evaluation of the market leaders.
  • As the enterprise impression of COVID-19 spreads, the hemp-based meals market 2020-2024 is predicted to have constructive progress. As the pandemic spreads in some areas and plateaus in different areas, we revaluate the impression on companies and replace our report forecasts.

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Growing Demand for Organic Hemp-based Foods will be a Key Market Trend

The rising demand for natural hemp-based meals is an rising pattern in the meals business. The demand for natural meals merchandise is rising at a quick tempo. However, natural meals merchandise are often priced increased than standard elements. The premium value is due to the comparatively increased manufacturing prices in addition to customers’ willingness to pay further for natural meals merchandise. With rising well being consciousness about the dangerous results of elements utilized in the meals and beverage business, the demand for natural meals merchandise is rising. This pattern is even relevant to hemp-based meals merchandise, and at the moment, many gamers are promoting natural hemp meals merchandise to cater to this shopper base.

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Hemp-based Foods Market 2020-2024: Key Highlights

  • CAGR of the market throughout the forecast interval 2020-2024
  • Detailed info on elements that can help hemp-based meals market progress throughout the subsequent 5 years
  • Estimation of the hemp-based meals market dimension and its contribution to the mum or dad market
  • Predictions on upcoming traits and adjustments in shopper habits
  • The progress of the hemp-based meals market
  • Analysis of the market’s aggressive panorama and detailed info on distributors
  • Comprehensive particulars of things that can problem the progress of hemp-based meals market distributors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market traits
  • Value chain evaluation

Market Sizing

  • Market definition
  • Market section evaluation
  • Market dimension 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces abstract
  • Bargaining energy of consumers
  • Bargaining energy of suppliers
  • Threat of recent entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market situation

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Hemp seed-based meals – Market dimension and forecast 2019-2024
  • Hemp protein-based meals – Market dimension and forecast 2019-2024
  • Hemp oil-based meals – Market dimension and forecast 2019-2024
  • Market alternative by Product

Customer panorama

Geographic Landscape

  • Geographic segmentation
  • Geographic comparability
  • North America – Market dimension and forecast 2019-2024
  • Europe – Market dimension and forecast 2019-2024
  • APAC – Market dimension and forecast 2019-2024
  • South America – Market dimension and forecast 2019-2024
  • MEA – Market dimension and forecast 2019-2024
  • Key main nations
  • Market alternative by geography
  • Market drivers
  • Market challenges
  • Market traits

Vendor Landscape

  • Competitive state of affairs
  • Vendor panorama
  • Landscape disruption

Vendor Analysis

  • Vendors coated
  • Market positioning of distributors
  • Aurora Cannabis Inc.
  • Bombay Hemp Company Pvt. Ltd.
  • Boring Hemp Co.
  • CANAH INTERNATIONAL Srl
  • Canopy Growth Corp.
  • Hemp Juice Company BV
  • HempFlax Group BV
  • Hudson River Foods
  • North American Hemp and Grain Co.
  • Nutiva Inc.

Appendix

  • Scope of the report
  • Currency conversion charges for US$
  • Research methodology
  • List of abbreviations

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Technavio is a number one international know-how analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and offers actionable insights to assist companies establish market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 reviews and counting, overlaying 800 applied sciences, spanning throughout 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions inside altering market eventualities.

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