Global Hemp Milk Market Is Expected To Grow With The Increase In Demand For Vegan Milk Products

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Hemp milk is prepared by the combination of hemp plant seeds (Cannabis sativa) and water. Hemp milk and other similar foods prepared from hemp seeds does not create same effects like marijuana and only contain slight concentrations of the psychotropic compound tetrahydrocannabinol. Hence its demand as an alternative for cow’s milk in coffee, smoothies, and cereal is increasing. Hemp milk is made from just seeds and water, however, commercial products contain salt, sweeteners, and thickeners as well.

The global hemp milk market is booming with the increase in vegan food culture. Also, nutrients count in hemp milk is promoting its consumption all over the world. Hemp milk contains essential proteins, fats, and minerals like calcium and iron. Along with these naturally occurring nutrients, commercially available hemp milk is generally fortified with additional phosphorus, calcium, and vitamins B12, A, & D. Moreover, most of the fats present in hemp milk are unsaturated essential fatty acids that include omega-6 and omega-3, which are considered to be vital for the synthesis of new tissue and membranes in the body. All these factors are primarily contributing to the growth of the market. However, hemp milk consumption can cause allergic symptoms due to its rich constituents of omega-3 and omega-6. On the other hand, the medical importance of hemp milk in preventing heart diseases and others will offer healthy growth opportunities to the market growth over the forecast period.

The global market for hemp milk is bifurcated into product type, distribution channel, and region. The product type segment is categorized into sweetened flavor, unsweetened flavored, low-sugar, and plain. The distribution channels are segregated as convenience stores, hypermarket stores, supermarket stores, and others.

North America is expected to remain the largest regional market for hemp milk over the forecast period. An increase in demand for alternative milk products is primarily contributing to the large market share of the region. The United States is projected to keep the dominant place in the regional market by holding the largest share in terms of revenue. Europe is anticipated to be the most lucrative regional market for hemp milk over the forecast period followed by the Asia Pacific region. A rapid surge in vegan culture is primarily boosting the plant milk market which ultimately supports the growth of hemp milk in Europe.

Some of the key players functioning in the global hemp milk market are Drink Daily Greens, Healthy Brands Collective, Waska Farms, Pacific Foods of Oregon, Braham & Murray, and Wild Harvest Organics among others. To cite, in 2020, Australian regulatory bodies permitted hemp milk products in the country.

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