Global Hemp Based Food Market Size By Product Type (Hemp Seed, Hemp Oil), By Distribution Channel (Online Retail, Offline Retail), By End-User (Households/Consumers, Food Industry), By Geographic Scope And Forecast

Hemp Based Food Market Size And Forecast

Hemp Based Food Market size was valued at USD 5.24 Billion in 2024 and is projected to reach USD 11.88 Billion by 2031, growing at a CAGR of 10.77% from 2024 to 2031.

• Hemp-based food is edible products made from hemp seeds, containing low THC levels, providing high protein, omega-3 and omega-6 fatty acids, fiber, vitamins, and minerals, and includes hemp protein powder, oil, and milk.
• Hemp-based food products are used in various culinary applications due to their versatility and nutritional benefits.
• They can be consumed raw, added to smoothies, cereals, salads, and baked goods, or processed into hemp milk and protein powder. Hemp oil, known for its beneficial fatty acid profile, is used in cooking and as a dietary supplement.
• The growing interest in plant-based diets has led to increased use of hemp protein powder as an alternative protein source for athletes, vegans, and health-conscious consumers.
• Additionally, hemp seeds and oil are often incorporated into snack bars, dressings, and other functional foods to enhance their nutritional value.

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Global Hemp Based Food Market Dynamics

The key market dynamics that are shaping the global hemp based food market include:

Key Market Drivers

• Health and Wellness Trends: Increasing consumer awareness of the nutritional benefits of hemp-based foods, including high protein, omega fatty acids, and fiber content, drives demand as people seek healthier dietary options. According to the U.S. Food and Drug Administration (FDA), hemp seeds are an excellent source of protein, providing all nine essential amino acids. They contain about 25% protein by weight, comparable to beef and lamb.
• Rise in Plant-Based Diets: The growing popularity of vegan and vegetarian lifestyles boosts the hemp-based food market, as these products provide a valuable plant-based protein and nutrient source. A report from the Good Food Institute in 2023 showed that sales of plant-based foods in the U.S. grew by 27% over the past two years, reaching USD 7 Billion. Hemp-based products were noted as a significant contributor to this growth.
• Sustainability and Environmental Impact: Hemp cultivation is eco-friendly, requiring fewer resources like water and pesticides, appealing to environmentally conscious consumers and driving market growth. The U.S. Department of Agriculture (USDA) reported in 2023 that hemp crops require approximately 50% less water per season than cotton. Additionally, hemp has been shown to absorb more CO2 per hectare than any forest or commercial crop, making it ideal for carbon sequestration.
• Regulatory Changes: The legalization and regulatory support for hemp cultivation and production in various regions enhance market access and product availability, fueling industry expansion. The European Union increased the THC limit for industrial hemp from 0.2% to 0.3% in January 2023, aligning with U.S. standards and potentially opening up more opportunities for hemp cultivation and product development.

Key Challenges:

• Regulatory Hurdles: Despite growing acceptance, varying regulations and legal restrictions on hemp cultivation and food products in different countries can limit market expansion and create compliance challenges.
• Consumer Awareness and Perception: Limited awareness about the nutritional benefits of hemp-based foods and lingering misconceptions associating hemp with marijuana can hinder consumer acceptance and market growth.
• Supply Chain Issues: Inconsistent supply chains and challenges in hemp production, processing, and distribution can impact product availability and increase costs, restraining market development.
• High Production Costs: The costs associated with cultivating, harvesting, and processing hemp can be high, leading to more expensive end products that may not be competitive with other plant-based foods.
• Taste and Texture Preferences: The distinct taste and texture of hemp-based foods might not appeal to all consumers, limiting their acceptance and widespread adoption compared to more familiar plant-based alternatives.

Key Trends

• Product Diversification: The hemp-based food market is witnessing an increase in the variety of products available, including hemp milk, protein powders, snack bars, and cooking oils, catering to diverse consumer preferences and dietary needs. According to a 2023 report from the Agricultural Marketing Resource Center (AgMRC), the hemp-based food market has seen a 30% increase in product varieties over the past two years. The report highlighted that hemp milk and protein powders were among the fastest-growing categories.
• Integration in Functional Foods: Hemp-based ingredients are increasingly being incorporated into functional foods and beverages, such as fortified snacks and drinks, to enhance their nutritional profile and appeal to health-conscious consumers. A survey by the Functional Foods & Nutraceuticals Market Global Forecast, released in early 2024, indicated that hemp-based ingredients were used in 12% of new functional food product launches in North America in 2023, up from 8% in 2022.
• Sustainable and Organic Trends: There is a growing trend towards sustainably sourced and organic hemp-based food products, aligning with consumer demand for eco-friendly and health-focused options, driving market growth and innovation. The Organic Trade Association reported in 2023 that organic hemp food product sales grew by 25% year-over-year, outpacing the overall organic food market growth of 12%.

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Global Hemp Based Food Market Regional Analysis

Here is a more detailed regional analysis of the global hemp based food market:

North America

• North America is dominating the market for hemp-based foods, driven by high consumer awareness of health and wellness benefits and supportive regulatory frameworks. According to the USDA’s National Agricultural Statistics Service, the value of U.S. hemp production in the open reached USD 824 Million in 2023, a 27% increase from 2022.
• The United States, in particular, has seen significant growth due to the legalization of hemp cultivation under the 2018 Farm Bill, which has facilitated increased production and product innovation. The USDA reported that licensed hemp acreage in the U.S. increased from 511,442 acres in 2019 to 645,000 acres in 2023, indicating steady growth in production capacity.
• Canada also contributes significantly to the market, benefiting from a well-established hemp industry and strong consumer demand for plant-based and organic foods. A 2023 report from the Canadian Health Food Association showed that 68% of Canadians had tried a hemp-based food product in the past year, up from 52% in 2021.

Asia Pacific

• The Asia-Pacific region is experiencing rapid growth in the hemp-based food market, fueled by increasing health consciousness and dietary shifts towards plant-based nutrition. According to a 2023 report by the Asia Pacific Food Industry, the hemp-based food market in the region grew by 18% year-over-year, outpacing global market growth.
• China, Japan, and Australia are key markets, with China being a major producer of hemp. The region’s growing middle class and rising disposable incomes are enhancing the market’s potential. China Customs data showed that exports of hemp seeds and hemp-based foods reached $95 million in 2023, up 22% from the previous year.
• Additionally, the expanding use of hemp in traditional and modern culinary applications is contributing to market development. A 2023 survey by the Japan Food Marketing Research Institute found that 45% of Japanese consumers had tried hemp-based foods, up from 30% in 2021.

Global Hemp Based Food Market: Segmentation Analysis

The Global Hemp-Based Food Market is segmented on the basis of Product Type, Distribution Channel, End-User, and Geography.

Hemp Based Food Market, By Product Type

• Hemp Seed
• Hemp Oil
• Hemp Fiber

Based on Product Type, the Global Hemp Based Food Market is bifurcated into Hemp Seed, Hemp Oil, and Hemp Fiber. Hemp seed dominates the hemp-based food market due to its versatility and high nutritional value, commonly used in various food products such as snacks, protein powders, and supplements. The hemp oil segment is the second rapidly growing area, driven by its use in cooking, dietary supplements, and as a functional ingredient in health-focused products, due to its rich content of essential fatty acids and health benefits.

Hemp Based Food Market, By End-User

• Households/Consumers
• Food Industry

Based on End-User, the Global Hemp Based Food Market is bifurcated into Households/Consumers, and Food Industry. Households/consumers dominate the hemp-based food market, as individual consumers increasingly incorporate hemp-based products into their diets for their nutritional benefits. The food industry is the second rapidly growing segment, driven by the rising trend of incorporating hemp ingredients into various food and beverage products, including snacks, supplements, and health foods, to meet the growing demand for nutritious and sustainable ingredients.

Hemp Based Food Market, By Distribution Channel

• Online Retail
• Offline Retail

Based on Distribution Channel, the Global Hemp Based Food Market is bifurcated into Online Retail, and Offline Retail. Offline retail dominates the hemp-based food market, as traditional grocery stores, health food stores, and supermarkets remain the primary purchase points for consumers seeking these products. However, online retail is the second rapidly growing segment, driven by the increasing popularity of e-commerce, convenience of home delivery, and a wider selection of products available through online platforms, making it an attractive option for health-conscious and tech-savvy consumers.

Hemp Based Food Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Global Hemp Based Food Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the hemp-based food market, driven by high consumer awareness of health benefits, supportive regulatory frameworks, and a well-established hemp industry, particularly in the United States and Canada. The Asia-Pacific region is the second rapidly growing segment, fueled by rising health consciousness, increasing disposable incomes, and expanding middle-class populations in countries like China, Japan, and Australia, which are driving demand for nutritious, plant-based foods.

Key Players

The “Global Hemp Based Food Market” study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Agropro, Nutiva, Inc., Compass Diversified, Canopy Growth Corporation, Hempco, Inc., CANADA HEMPFOODS LTD., Elixinol, Cool Hemp, Hemp Foods Australia Pty Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Hemp Based Food Market Key Developments

• In January 2023, Canopy Growth Corporation launched a new line of hemp-based protein powders under its BioSteel brand. These powders are designed to cater to health-conscious consumers and athletes seeking plant-based protein sources.
• In April 2023, Hemp Foods Australia expanded its product range with the introduction of organic hemp milk and hemp-infused snacks. This expansion aims to meet the growing demand for plant-based and sustainable food options in the market.

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