Industrial Hemp in Food Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Hemp has been basically utilized as a source of fiber and oil. Hemp seeds are known as rich in protein, vitamins, and minerals. They are also an excellent source of fiber. Hemp seeds are the only edible seeds with gamma-linolenic acid (GLA). Whole hemp seeds are cold-pressed for oil or hulled to expose the seed meat. Hemp seeds & oil are used in other countries, including in Europe, Canada, and the United States of America, in a wide range of foods. Hemp seeds are a highly nutritious source of protein and are being increasingly used in packaged foods such as granola bars, pretzels, bread, and also in cereals. Hemp products are further being incorporated into automotive innovations with BMW currently experimenting with using hemp in biodegradable plastic for dashboards & fittings. 

MARKET DYNAMICS

The industrial hemp in the food market has witnessed significant growth owing to factors such as wider application in the food industry, beverage industry, and others. Hemp Oil is well known for its Omega-3 benefits in that it owns a perfect balance of Omega-3 to Omega-6. It can be utilized in salad dressings, dips, as well as a topping for vegetables, rice, and potatoes. It is further considered as a great substitute for margarine, butter, or any other oil. Hemp protein is an excellent alternative to meat products for protein consumption. It has more protein percentage than any meat source and is considered cholesterol-free. It can be mixed into juice coupled with homemade smoothies or purchased as a ready-made shake mix. Owing to the numerous health benefits of hemp oil & seed along with nutritional factors, it is widely used in the food & beverage industries, and further influencing the studied market growth. However, climatic changes may hamper the cultivation of hemp plants, which may further hamper the growth of the industrial hemp in the food market. Also, various regulations on the production of the hemp plant and food regulations may further impact market growth. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The

"Global Industrial Hemp in Food Market Analysis to 2031"

is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial hemp in food market with detailed market segmentation by product type, application, distribution channel, and geography. The global industrial hemp in food market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial hemp in food market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global industrial hemp in food market is segmented on the basis of product type, application, and distribution channel. On the basis of product type, the industrial hemp in food market is segmented into hemp seed oil, hemp flour, whole hemp seed, hulled hemp seed, and others. The industrial hemp in food market on the basis of the application is classified into food industry, beverage industry, and others. On the basis of distribution channel, global industrial hemp in food market is bifurcated into offline and online.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global industrial hemp in food market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial hemp in food market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the industrial hemp in food market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial hemp in food market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global industrial hemp in food market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from industrial hemp in food market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial hemp in food in the global market. Below mentioned is the list of few companies engaged in the industrial hemp in food market. 

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial hemp in food market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Agropro
•  Compass Group Management LLC
•  Elixinol
•  Hempco Inc
•  HempFlax
•  HemPoland
•  HMI Group
•  Liaoning Qiaopai Biotech Co., Ltd
•  Manitoba Harvest
•  Nutiva Inc

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Industrial Hemp in Food Report Scope