The size of the world hemp milk market is expected to increase at a CAGR of 7.7% between 2022 and 2032. The value of the market is expected to grow from $112.8 million in 2022 to $236.4 million in 2032.
Plant products are both healthier and safer than animal products. The hemp milk market is fueled by the growing popularity of veganism around the world. The increasing acceptance of hemp seed milk is also attributed to its growing popularity among consumers as well as the product’s versatility in numerous applications.
Hemp seed milk has been linked to a variety of health benefits, including improved heart health and reduced inflammation. Hemp seed milk is a good source of protein, essential fatty acids, and vitamins and minerals, making it an ideal choice for those looking for a nutritious alternative to cow’s milk.
Studies have shown that hemp seed milk can help lower cholesterol and reduce inflammation, both of which are risk factors for heart disease, leading to a growing consumer preference for hemp seed milk. These factors, in turn, would accelerate the hemp seed milk market over the next decade.
Another factor driving sales of hemp seed milk is its various health benefits. Hemp seed milk may improve heart health, reduce inflammation, and boost immunity. It’s also considered a good source of vitamins and minerals, making it a nutritious choice for those looking for an alternative to cow’s milk. To keep up with numerous trends in the hemp seed milk market, several manufacturers are developing novel ways to incorporate their product into various processed foods.
The central theses: Hemp milk market
- India currently holds a hemp seed milk market share of around 31.0% in South Asia.
- After taste, the regular hemp seed milk segment is expected to have a global market share of approx 76.9% in 2022.