The global hempseed milk market size is expected to grow at a CAGR of 7.7% in the forecast period from 2023 to 2033. The market is projected to reach a valuation of USD 254.60 million by 2033 from USD 121.49 million in 2023.
A type of dairy-free, plant-based milk prepared from hemp seeds is known as hempseed milk. It has a nutty flavor and is a good source of protein, vitamins, minerals, and vital fatty acids. For people who are lactose intolerant or have allergies to cow's milk, hempseed milk is an acceptable substitute.
Growing awareness regarding the health hazards imposed by dairy products has contributed to the rising preference for plant-based products. Most of the population worldwide is dealing with painful symptoms or extreme discomfort when compelled to ingest milk protein, or they cannot tolerate lactose. Hemp milk is a suitable option for lactase deficiency or lactose intolerance patients.
As they contain fewer calories, proteins, and carbs than dairy products, hemp seed milk products are considered to be a very nutritional alternative. All the necessary amino acids needed for a prosperous and healthy existence are present in hemp seed milk.
Plant-based products are the best choice for customers seeking healthy products such as those suffering from cardiovascular disease and lactose intolerance. Nitric oxide in hemp seed, found in plant products, allows blood to flow more easily and maintains blood pressure. Hemp seeds contain fatty acids that improve one’s immune system.
High disposable income of consumers and adoption of busy lifestyles have created a surging demand for nutritional-rich functional food products, making secure coffee a major trend among millennials. Hemp milk is being used in the production of latte coffee, which is popular with millennials.
| Attribute | Details |
|---|---|
| Hempseed Milk Market (2023) | USD 254.60 million |
| Hempseed Milk Market (2033) | USD 254.60 million |
| Hempseed Milk Market (CAGR) | USD 254.60 million |
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In recent years, the popularity of hemp milk has grown exponentially. More and more people are choosing to drink hemp milk for its numerous health benefits. The future of the hempseed milk market looks bright as more people are becoming aware of the benefits of drinking hemp milk.
Hemp milk is a low-calorie, high-protein alternative to cow’s milk. It is also rich in omega-3 fatty acids essential for maintaining good health. Hempseed milk is also a good calcium, iron, and magnesium source.
The future of the hemp milk market looks promising, as more people are nowadays discovering various health benefits of drinking hemp milk. Hempseed milk is a nutritious alternative to cow’s milk, and its popularity is likely to continue to grow in the next decade.
In November 2020, for instance, Good Hemp, a leading beverage company specializing in hemp-based drinks, launched its new Oat & Hemp Milk variant, which retails at £1.85. It is considered to be the company’s first-ever non-dairy milk to contain a vital ingredient other than hemp. Such innovative product launches by leading companies are thus expected to foster the global hempseed milk market in the upcoming decade.
| Key Regions | Valuation (2023) |
|---|---|
| North America | USD 10,441 million |
| Latin America | USD 2,315 million |
| Europe | USD 12,218 million |
| South Asia | USD 4,237 million |
| East Asia | USD 4,624 million |
| Oceania | USD 958 million |
| Middle East and Africa | USD 1,211 million |
High Demand for Dairy Alternatives in the United States to Push Growth by 2033.
The United States hempseed milk market grew at a CAGR of nearly 30% through 2022, says FMI. Hempseed milk is a non-dairy milk alternative made from hempseeds. Hemp milk is rich in omega-3 fatty acids, which are known to promote heart health.
It is also a good source of calcium and vitamin D. Growing popularity of plant-based milk alternatives is one of the key drivers of the United States hempseed milk market. Rising awareness regarding the health benefits of hemp milk is also driving the United States market.
Demand for Organic Hemp Seed Milk to Surge in India during the Forecast Period.
The Indian hempseed milk market has grown significantly in recent years. The number of players in the market has increased at a fast pace, with new players such as Patanjali and Amul entering the industry. An increasing number of new product launches by key companies and easy availability of unique flavors & packaging formats are likely to push the Indian market.
Despite this positive performance, some challenges still need to be addressed. One of the major challenges is the lack of awareness about hempseed milk among consumers. This is particularly true in rural areas, where the majority of the population resides. Another crucial challenge is the high cost of hempseed milk, which makes it unaffordable for many people. Despite these challenges, there is still considerable potential for growth in the Indian hempseed milk market.
China is the one of the world's most populous countries, is a key target for companies looking to expand their hempseed milk market share. However, this product is still in initial phase as Chinese consumers are unfamiliar with the product. Apart from low awareness about the product, this milk is facing competing from Soy milk as well.
Key approach would be to collaborate up with local Chinese dairy companies, who already have an established presence in the country and are trusted by consumers.
Surging Demand for Hemp Seed Milk Whole Foods in Japan to Aid Growth.
The Japan hempseed milk market is growing rapidly, says FMI. Hemp seeds are a rich source of protein, essential fatty acids, and minerals, making them an ideal food for those who are looking for a nutritious alternative to cow’s milk. In addition to being a good source of nutrition, hempseed milk has many health benefits, including its ability to reduce inflammation and boost immunity.
Hence with the increasing popularity of plant-based milks, the demand for hempseed milk is increasing in Japan.
Principal Consultant
| Flavor Type | Valuation (2023) |
|---|---|
| Original/Unflavored | USD 26,958 million |
| Flavored | USD 9046 million |
Regular Hempseed Milk to Be a Popular Dairy Alternative in the Next Decade.
Regular hemp seed milk is set to gain impetus in the next decade in the hempseed milk market. It is made from hulled hemp seeds that have been soaked in water and then grounded into a paste. The paste is strained to remove the hulls, and the resulting milk is ready to drink. Hemp seed milk can also be made from raw hemp seeds, but this type of milk will have a greenish color and a slightly bitter taste.
The global market for hempseed milk is highly fragmented and competitive due to the presence of several local and regional companies. Key players are adopting a wide range of marketing strategies such as partnerships, expansions, mergers & acquisitions, and collaborations to compete with their rivals.
Some of the leading companies operating in the hempseed milk market are Hudson River Foods, Pacific Foods of Oregon Inc., Good Mylk Co., California Natural Products, SunOpta, Braham & Murray Good Hemp, Golden Hemp Company, Manitoba Harvest Hemp Foods, Elmhurst1925, Living Harvest Foods Inc., Ecomil, and Z-company.
A recent development in the global hempseed milk market
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Hempseed milk manufacturers are in the midst of a period of consistent growth owing to rising preference for organic and natural products. Many manufacturers are increasing their production output to capitalize on the growing demand. Considering hemp is still closely regulated by governments of various countries, manufacturers are also ensuring they are compliant with guidelines and regulations.
Further, partnering with peers and competitors for mutual benefit is a key strategy among manufacturers. For instance, High Grade Hemp Seed and Swiss Cannabinoid announced their partnership in 2021, opening the door for cannabigerol (CBG) cultivation in the USA Through this partnership, the High-Grade portfolio of tested hemp genetics will be available to European customers.
Distributing hemp seed milk quickly and effectively is a key concern for all manufacturers. In order to germinate plants and coordinate logistics for the nationwide distribution of healthy hemp plants, High Grade Hemp Seed is tying up with leading distributors all over the globe.
Exactus, Inc., a top provider of CBD-derived products and feminized hemp genetics, announced the launch of its Exactus Hemp Buyback Program in 2021 to assist farmers who buy seeds from the business. Exactus will repay farmers who buy the business' feminized CBD seeds through this buyback program. Exactus will match every dollar farmers spend on seeds when repurchasing hemp harvests for those who choose to participate in the program.
Arcadia Biosciences, a pioneer in science-based methods for improving the quality and nutritional value of crops and food ingredients, announced in 2020 that it had secured USD 3 Million in initial hemp seed purchase commitments.
At the American Seed Trade Association CSS & Seed Expo in Chicago that was held in 2020, the company also announced that it had selected GoodHemp as its new commercial brand for delivering genetically superior hemp seeds, transplants, flowers, and extracts. The product was a disease-resistant, USDA-compliant ultra-low tetrahydrocannabinol (THC) hemp seed.
Arcadia Biosciences announced in 2021 that it had signed an agreement with ISI to improve the quality and nutritional value of crops and food ingredients. This agreement will provide Arcadia Biosciences with access to ISI's commercial and genetic assets, such as its seed varieties, germplasm library, and intellectual property.
Moreover, in a private placement priced at the market in accordance with NASDAQ regulations, Arcadia Biosciences announced in 2020 that it had signed agreements in writing with a number of institutional and other accredited investors for the purchase of 7,876,784 shares of its common stock.
The market is valued at USD 121.49 million in 2023.
The market is expected to value at USD 254.60 million through 2033.
Regular hemp seed milk remains the most preferred.
By 2033, North America is estimated to reach USD 10,441 million.
Hudson River Foods, Pacific Foods of Oregon Inc., and Good Mylk Co. are the key market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flavor 5.1. Flavored 5.1.1. Vanilla 5.1.2. Chocolate 5.1.3. Unsweetened 5.2. Regular 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Food Process Industry 6.1.1. Bakery Products 6.1.2. Beverage Industry 6.1.3. Functional Food Products 6.1.4. Convenience Food Products 6.2. Foodservice Industry 6.3. Nutraceutical Industry 6.4. Retail / Household 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Business to Business 7.2. Business to Consumer 7.2.1. Hypermarkets/Supermarkets 7.2.2. Specialty Stores 7.2.3. Online Retail 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Hudson River Foods 18.2. Pacific Foods of Oregon Inc. 18.3. Good Mylk Co. 18.4. California Natural Products 18.5. SunOpta 18.6. Braham & Murray Good Hemp 18.7. Golden Hemp Company 18.8. Manitoba Harvest Hemp Foods 18.9. Elmhurst1925 18.10. Living Harvest Foods Inc. 18.11. Ecomil 18.12. Z-company 19. Assumptions & Acronyms Used 20. Research Methodology
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