Hemp-based Foods Market to Grasp Outstanding Growth of USD 11.59 Billion by 2029

In a recent market intelligence study conducted by Data Bridge Market Research, the Hemp-based Foods Market was thoroughly examined. The newly released report showcases a captivating layout, presenting crucial data through visually engaging tables, graphs, charts, and figures. By integrating these well-designed visual elements, the report aims to bolster the accuracy and precision of the information presented, allowing readers to gain a comprehensive understanding of the subject matter.

The Hemp-based Foods market research report presents a comprehensive analysis of the market, covering various aspects to provide valuable insights. It examines the market status, growth rate, future trends, market drivers, opportunities, challenges, risks, and entry barriers. The report also explores sales channels, distributors, and conducts Porter’s Five Forces Analysis to assess the industry’s competitive landscape. The well-structured report interprets and categorizes market research data, bringing a clear focus on the marketplace. It breaks down global data by manufacturers, regions, types, and applications, offering a detailed analysis of market status, market share, growth rate, and future trends. By analyzing multiple factors, including market dynamics, the report provides a rigorous assessment of the current market scenario.

Data Bridge Market Research analyses that the hemp-based foods market which was USD 5.25 billion in 2021, would rocket up to USD 11.59 billion by 2029, and is expected to undergo a CAGR of 10.41% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The report further categorizes the market data by companies, regions, types, and end-use industries. Additionally, it includes a competitive analysis that sheds light on the strategies employed by major players in the market. These strategies encompass new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and more, all contributing to their market presence and growth. Each of these parameters is deeply researched to offer enhanced and actionable market insights.

The Hemp-based Foods market research report is dedicated to providing superior, transparent, and all-inclusive information to its clients, enabling them to make informed decisions and expand their reach towards success. By combining in-depth analysis and comprehensive data, the report serves as a valuable resource for businesses seeking to understand the market landscape and formulate effective strategies to thrive in the industry.

Drivers:

• Increasing prevalence of celiac diseases

People’s rising preferences for hemp-based foods, rising occurrences of celiac disease, rising vegan population around the world, and rising health consciousness among the population are some of the factors that will likely boost the hemp-based foods market’s growth in the forecast period of 2022-2029. In the above-mentioned projection period, however, the rising food and beverage industry will further increase different prospects that will expand the hemp-based foods market.

• Rise in innovative products

Another growth-inducing component is the constant introduction of new product versions, such as hemp seed-based sauces, burgers, shakes, ice creams, and desserts. As a result, cafes, restaurants, and other eateries are experimenting with a range of hemp tastes and combinations in order to provide their consumers with unique and innovative cuisine. Other factors, such as the premiumization of gluten-free and organic foods and beverages and aggressive promotional activities by manufacturers through various online retail channels, are expected to further fuel the market.

The report outlines the involvement of key players, including:

• Agropro (U.S)
• Nutiva Inc. (U.S)
• Compass Diversified (U.S)
• Canopy Growth Corporation (Canada)
• Hempco Inc. (Canada)
• CANADA HEMPFOODS LTD. (Canada)
• Elixinol. (U.S)
• Cool Hemp (Canada)
• Hemp Foods Australia Pty Ltd (Australia)

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Key Market Segmentation

Product

• Hemp Seed Oil
• Hemp Protein Powder
• Whole Hemp Seed
• Hulled Hemp Seed

Distribution Channel

• Supermarket Stores
• Convenience Stores
• Hypermarket Stores

The Hemp-based Foods market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

1. North America: United States, Canada, and Mexico.
2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
5. South America: Brazil, Argentina, and other countries in South America.

These regions represent significant economic and industrial hubs with diverse consumer markets, and their inclusion in market research provides valuable insights for businesses seeking to expand or understand global trends. By analyzing the market dynamics in these regions, companies can make informed decisions and develop strategies that cater to different regional demands and preferences.

North America dominates the hemp-based foods market due to the high prevalence of organic food products and growing consumption of hemp-based food.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the acceptance of western food habits and the increasing demand for hemp-based foods because of their gluten-free property.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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About Data Bridge Market Research, Private Ltd

Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

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