{"product_id":"hemp-based-food-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Hemp-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eHemp-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global hemp-based food market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eHemp-based food is rich in omega-3 fatty acids, vitamins, minerals, zinc, folate, calcium, iron, magnesium, potassium, fiber, and other essential nutrients. Its consumption assists in promoting joint health, improving heart health, balancing insulin levels, reducing stress and anxiety, and minimizing the risk of developing chronic ailments. At present, due to the rising adoptionof veganism, hemp-based food products are gaining traction among the masses around the world.\u003c\/p\u003e\n\n\u003cp\u003eHemp-Based Food Market Trends:\u003c\/p\u003e\n\n\u003cp\u003eHemp-based food products are used in the preparation of commercial food dishes, including burgers, tea, coffee, shakes, sauces, dips, cake, salads, bread, pasta, muffins, and ice cream. This, in confluence with the thriving food and beverage (F\u0026amp;B) industry, represents one of the major factors bolstering the market growth. It can also be attributed to the increasing awareness among individuals about the health benefits of consuming hemp-based food products and the rising health consciousness among the masses. In addition, the escalating demand for premium and healthy alcoholic beverages on account of the emerging trend of socializing and parties among working professionals and young adults are contributing to the market growth. Apart from this, shifting consumer preferences for convenient, packaged hemp-based snacking options, such as chips, energy bars, flavored water, granola bars, and biscuits, is propelling the market growth. Furthermore, key players are focusing on providing hemp-based food products and bakery products through online shopping apps. This, in confluence with the thriving e-commerce industry, is offering lucrative growth opportunities to industry investors.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global hemp-based food market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and distribution channel.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Product:\u003c\/p\u003e\n\n \u003cp\u003eHemp Protein Powder\u003cbr\u003e\n Hemp Seed Oil\u003cbr\u003e\n Hemp Seeds\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eHemp seeds dominate the market as they aid in improving heart health by reducing cholesterol, blood pressure, and triglycerides.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Distribution Channel:\u003c\/p\u003e\n\n \u003cp\u003eSupermarkets and Hypermarkets\u003cbr\u003e\n Convenience Stores\u003cbr\u003e\n Online Stores\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eSupermarkets and hypermarkets hold most of the total market share as they have a wider collection of products.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n \u003cp\u003eNorth America\u003cbr\u003e\n \u003cbr\u003e\n  United States\u003cbr\u003e\n  Canada\u003cbr\u003e\n \u003cbr\u003e\n \u003cbr\u003e\n Asia Pacific\u003cbr\u003e\n \u003cbr\u003e\n  China\u003cbr\u003e\n  Japan\u003cbr\u003e\n  India\u003cbr\u003e\n  South Korea\u003cbr\u003e\n  Australia\u003cbr\u003e\n  Indonesia\u003cbr\u003e\n  Others\u003cbr\u003e\n \u003cbr\u003e\n \u003cbr\u003e\n Europe\u003cbr\u003e\n \u003cbr\u003e\n  Germany\u003cbr\u003e\n  France\u003cbr\u003e\n  United Kingdom\u003cbr\u003e\n  Italy\u003cbr\u003e\n  Spain\u003cbr\u003e\n  Russia\u003cbr\u003e\n  Others\u003cbr\u003e\n \u003cbr\u003e\n \u003cbr\u003e\n Latin America\u003cbr\u003e\n \u003cbr\u003e\n  Brazil\u003cbr\u003e\n  Mexico\u003cbr\u003e\n  Others\u003cbr\u003e\n \u003cbr\u003e\n \u003cbr\u003e\n Middle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eNorth America holds the majority of the global hemp-based food market share due to the increasing awareness among individuals about the health benefits of consuming hemp-based food products in the region.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Hempfoods Ltd., Tilray, Inc., GFR Ingredients, Hemp Foods Australia Pty Ltd, Aurora Cannabis Inc., Naturally Splendid Enterprises Ltd., Isodiol International Inc, Navitas LLC, Nutiva, and T12 Holdings Pty Ltd.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eWhat was the size of the global hemp-based food market in 2022?\u003cbr\u003e\nWhat is the expected growth rate of the global hemp-based food market during 2023-2028?\u003cbr\u003e\nWhat are the key factors driving the global hemp-based food market?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global hemp-based food market?\u003cbr\u003e\nWhat is the breakup of the global hemp-based food market based on the product?\u003cbr\u003e\nWhat is the breakup of the global hemp-based food market based on the distribution channel?\u003cbr\u003e\nWhat are the key regions in the global hemp-based food market?\u003cbr\u003e\nWho are the key players\/companies in the global hemp-based food market?\u003c\/p\u003e","brand":"Beverages","offers":[{"title":"March, 2023 \/ 142 Pages \/ MCW16196843","offer_id":47555349020978,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/hemp-based-food-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}