Hemp Seed Milk Market Size and Share

1. Hemp Seed Milk Market Outlook (2023-2033) The global hemp seed milk market has witnessed remarkable growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.8% during the period from 2018 to 2022. In 2023, the market's value soared to US$ 21.2 million, reflecting the increasing popularity of hemp seed milk as a dairy alternative. Hemp Seed Milk's Nutritional Benefits Drive Demand Hemp seed milk, known for its rich content of polyunsaturated and essential fatty acids, soluble and insoluble fibers, and amino acid arginine, has gained recognition for its potential health benefits. Consumption of hemp seed milk may help reduce skin disorders, lower the risk of diabetes, and contribute to heart health by maintaining optimal blood levels of nitric oxide and CRP. Key Market Trends Preference for Gluten-free Products: Consumers are increasingly focused on health and wellness, leading to a rise in demand for high-nutritional and gluten-free products. Gluten-free options, such as hemp seed milk, offer various health benefits, including improved digestion, reduced inflammation, increased energy, and weight management. Premium Food Products: Healthy food choices and higher disposable incomes are propelling the demand for hemp seed milk. The product's extended shelf life minimizes waste, aligning with consumers' sustainability concerns. Manufacturers are investing in technologies like aseptic packaging to extend shelf life to around 18 months. Shift Towards Veganism: Growing awareness of the environmental impact of animal agriculture has prompted consumers to adopt plant-based diets. Hemp seed milk, a nutritious plant-based alternative, aligns with the preferences of health-conscious consumers and those following vegan lifestyles. In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at - https://www.persistencemarketresearch.com/market- research/hemp-seed-milk-market.asp Regional Insights East Asia: Countries in the Asia Pacific region, particularly China, have a high dependency on dairy products. The rising awareness of lactose intolerance and health-consciousness has created growth opportunities for hemp seed milk. China dominates the market, holding a ~74% market share in 2023. Europe: The European market, driven by health-conscious consumers and a willingness to embrace non- dairy products, is expected to grow at a CAGR of over ~14.9% during the forecasted period, with the United Kingdom leading the way. Category-wise Insights Consumers are turning to hemp seed milk due to lactose intolerance and milk protein intolerance, resulting in digestive issues. Hemp seed milk products offer fewer calories, proteins, and carbohydrates, along with essential amino acids necessary for a healthy lifestyle. Distribution Channels

2. Sales of hemp seed milk are on the rise through various distribution channels, with online retail experiencing rapid growth at a CAGR of ~11.5%. Other channels include hypermarkets/supermarkets, specialty stores, and convenience stores. Competitive Landscape Major players in the global hemp seed milk market include SunOpta, California Natural Products, Pacific Foods, and Living Harvest Foods, among others. These companies cater to health-conscious consumers by providing hemp seed milk and products suitable for those with lactose and gluten intolerance. Conclusion The global hemp seed milk market's impressive growth underscores the increasing demand for plant- based, nutritious alternatives to dairy. With consumers prioritizing health, sustainability, and convenience, hemp seed milk is well-positioned to continue its upward trajectory in the coming years. About Persistence Market Research: Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges. Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part. Contact Persistence Market Research Teerth Technospace, Unit B-704 Survey Number – 103, Baner Mumbai Bangalore Highway Pune 411045 India Email: sales@persistencemarketresearch.com Web: https://www.persistencemarketresearch.com