Hemp-Based Foods Market By Type (Hemp Seeds, Hemp Oil, Hemp Protein, Hemp Powder, Hemp Milk, Hemp Snacks, Hemp Beverages, Others) , By End User (Household Consumers, Food and Beverage Industry, Nutraceutical Industry, Cosmetics and Personal Care Industry, Others) By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Sales Channel, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 389 pages | ID: HC00E025FF3CEN
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Hemp-based Foods Market

The hemp-based foods market was valued at $5.4 billion in 2023 and is projected t%li%reach $10.6 billion by 2033, growing at a CAGR of 7.2% from 2024 t%li%2033.

The hemp-based foods market comprises of a range of edible products derived from the hemp plant which belongs t%li%the botanical class Cannabis sativa. The edible products include seeds, oil, protein powder, milk, and derived products such as snacks, beverages, and baked goods. Hemp-based food contains loads of nutrients such as healthy fats, protein, fiber, minerals, and vitamins. These nutrients offer numerous health benefits, including supporting digestion, heart health, and overall wellness. Hemp is gaining prominence as a sustainable crop as it requires minimal pesticides and water, making it environmentally friendly in comparison t%li%other conventional crops.

Increase in consumer inclination toward plant-based diets, along with rise in awareness about the various nutritional aspects of hemp is a major driver of the hemp-based foods market. Moreover, relaxation of restrictions imposed on hemp-derived products in several regions and implementation of regulatory changes legalizing hemp cultivation boost the demand for hemp-based food products. The penetration of the market players in new emerging economies is presenting lucrative opportunities for market expansion. In recent times, the shift of hemp-based foods from specialty health marketplaces t%li%conventional retail stores is trending in the market. The integration of hemp products int%li%everyday cuisines and restaurants is gaining a broad acceptance among individuals.

However, the possibility of cross-contamination of hemp plants with tetrahydrocannabinol (THC) poses a significant restraint on market demand for hemp-based foods. Hemp and marijuana both are derived from cannabis plant. While hemp contains low levels of THC, there is a significant risk of cross-contamination during cultivation, harvesting, processing, or packaging. Stringent limitations have been imposed by regulatory agencies globally on THC levels in hemp-derived products t%li%avoid psychoactive impact and ensure adherence t%li%legal standards. For instance, the European Union has set the maximum level of THC as 3.0 mg/kg for dry products and 7.5 mg/kg for hemp oil.

Segment Review

The hemp-based foods market is segmented int%li%type, end user, distribution channel, and region. On the basis of type, the market is divided int%li%hemp seeds, hemp oil, hemp protein, hemp powder, hemp milk, hemp snacks, hemp beverages, and others. By end user, it is classified int%li%household consumers, food & beverage industry, nutraceutical industry, cosmetics & personal care industry, and others. As per distribution channel, it is categorized int%li%supermarkets/hypermarkets, convenience stores, specialty stores, online sales channel, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of type, the hemp seeds segment held the highest market share in 2023.

By end user, the food & beverage industry segment was the largest shareholder in 2023

As per distribution channel, the specialty segment dominated the market in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The major players operating in the global hemp-based foods market include Agropro, Nutiva Inc., Compass Diversified Holdings, Canopy Growth Corporation, Hempc%li%Inc., Canada Hempfoods Ltd., Elixinol, Cool Hemp, and Hemp Foods Australia Pty Ltd. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships t%li%strengthen their foothold in the market.

Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
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  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Manufacturing Capacity
  • End user preferences and pain points
  • Product Life Cycles
  • Consumer Preference and Product Specifications
  • Distributor margin Analysis
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Average Selling Price Analysis / Price Point Analysis
  • Brands Share Analysis
  • Criss-cross segment analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Import Export Analysis/Data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • Per Capita Consumption Trends
  • Product Consumption Analysis
  • Reimbursement Scenario
  • SWOT Analysis
  • Volume Market Size and Forecast
Key Market Segments

By Type
  • Hemp Seeds
  • Hemp Oil
  • Hemp Protein
  • Hemp Powder
  • Hemp Milk
  • Hemp Snacks
  • Hemp Beverages
  • Others
By End User
  • Household Consumers
  • Food and Beverage Industry
  • Nutraceutical Industry
  • Cosmetics and Personal Care Industry
  • Others
By Distribution Channel
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Sales Channel
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
  • Key Market Players
  • Agropro
  • Nutiva Inc.
  • Compass Diversified Holdings
  • Canopy Growth Corporation
    • Hempc%li%Inc.
  • Canada Hempfoods Ltd.
  • elixinol
  • Cool Hemp
  • Hemp Foods Australia Pty Ltd.
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: MARGARINE MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Hard
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Soft
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Liquid
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country

CHAPTER 5: MARGARINE MARKET, BY END USER

5.1. Market Overview
  5.1.1 Market Size and Forecast, By End User
5.2. Household Consumers
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. HoReCa
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Industrial
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: MARGARINE MARKET, BY DISTRIBUTION CHANNEL

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Distribution Channel
6.2. Supermarkets/Hypermarkets
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Specialty Stores
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Convenience Stores
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. Online Retails
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country
6.6. Others
  6.6.1. Key Market Trends, Growth Factors and Opportunities
  6.6.2. Market Size and Forecast, By Region
  6.6.3. Market Share Analysis, By Country

CHAPTER 7: MARGARINE MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Type
  7.2.3. Market Size and Forecast, By End User
  7.2.4. Market Size and Forecast, By Distribution Channel
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Margarine Market
    7.2.6.1. Market Size and Forecast, By Type
    7.2.6.2. Market Size and Forecast, By End User
    7.2.6.3. Market Size and Forecast, By Distribution Channel
  7.2.7. Canada Margarine Market
    7.2.7.1. Market Size and Forecast, By Type
    7.2.7.2. Market Size and Forecast, By End User
    7.2.7.3. Market Size and Forecast, By Distribution Channel
  7.2.8. Mexico Margarine Market
    7.2.8.1. Market Size and Forecast, By Type
    7.2.8.2. Market Size and Forecast, By End User
    7.2.8.3. Market Size and Forecast, By Distribution Channel
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Type
  7.3.3. Market Size and Forecast, By End User
  7.3.4. Market Size and Forecast, By Distribution Channel
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Margarine Market
    7.3.6.1. Market Size and Forecast, By Type
    7.3.6.2. Market Size and Forecast, By End User
    7.3.6.3. Market Size and Forecast, By Distribution Channel
  7.3.7. Germany Margarine Market
    7.3.7.1. Market Size and Forecast, By Type
    7.3.7.2. Market Size and Forecast, By End User
    7.3.7.3. Market Size and Forecast, By Distribution Channel
  7.3.8. Italy Margarine Market
    7.3.8.1. Market Size and Forecast, By Type
    7.3.8.2. Market Size and Forecast, By End User
    7.3.8.3. Market Size and Forecast, By Distribution Channel
  7.3.9. Spain Margarine Market
    7.3.9.1. Market Size and Forecast, By Type
    7.3.9.2. Market Size and Forecast, By End User
    7.3.9.3. Market Size and Forecast, By Distribution Channel
  7.3.10. UK Margarine Market
    7.3.10.1. Market Size and Forecast, By Type
    7.3.10.2. Market Size and Forecast, By End User
    7.3.10.3. Market Size and Forecast, By Distribution Channel
  7.3.11. Russia Margarine Market
    7.3.11.1. Market Size and Forecast, By Type
    7.3.11.2. Market Size and Forecast, By End User
    7.3.11.3. Market Size and Forecast, By Distribution Channel
  7.3.12. Rest of Europe Margarine Market
    7.3.12.1. Market Size and Forecast, By Type
    7.3.12.2. Market Size and Forecast, By End User
    7.3.12.3. Market Size and Forecast, By Distribution Channel
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Type
  7.4.3. Market Size and Forecast, By End User
  7.4.4. Market Size and Forecast, By Distribution Channel
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Margarine Market
    7.4.6.1. Market Size and Forecast, By Type
    7.4.6.2. Market Size and Forecast, By End User
    7.4.6.3. Market Size and Forecast, By Distribution Channel
  7.4.7. Japan Margarine Market
    7.4.7.1. Market Size and Forecast, By Type
    7.4.7.2. Market Size and Forecast, By End User
    7.4.7.3. Market Size and Forecast, By Distribution Channel
  7.4.8. India Margarine Market
    7.4.8.1. Market Size and Forecast, By Type
    7.4.8.2. Market Size and Forecast, By End User
    7.4.8.3. Market Size and Forecast, By Distribution Channel
  7.4.9. South Korea Margarine Market
    7.4.9.1. Market Size and Forecast, By Type
    7.4.9.2. Market Size and Forecast, By End User
    7.4.9.3. Market Size and Forecast, By Distribution Channel
  7.4.10. Australia Margarine Market
    7.4.10.1. Market Size and Forecast, By Type
    7.4.10.2. Market Size and Forecast, By End User
    7.4.10.3. Market Size and Forecast, By Distribution Channel
  7.4.11. Thailand Margarine Market
    7.4.11.1. Market Size and Forecast, By Type
    7.4.11.2. Market Size and Forecast, By End User
    7.4.11.3. Market Size and Forecast, By Distribution Channel
  7.4.12. Malaysia Margarine Market
    7.4.12.1. Market Size and Forecast, By Type
    7.4.12.2. Market Size and Forecast, By End User
    7.4.12.3. Market Size and Forecast, By Distribution Channel
  7.4.13. Indonesia Margarine Market
    7.4.13.1. Market Size and Forecast, By Type
    7.4.13.2. Market Size and Forecast, By End User
    7.4.13.3. Market Size and Forecast, By Distribution Channel
  7.4.14. Rest of Asia-Pacific Margarine Market
    7.4.14.1. Market Size and Forecast, By Type
    7.4.14.2. Market Size and Forecast, By End User
    7.4.14.3. Market Size and Forecast, By Distribution Channel
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Type
  7.5.3. Market Size and Forecast, By End User
  7.5.4. Market Size and Forecast, By Distribution Channel
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Margarine Market
    7.5.6.1. Market Size and Forecast, By Type
    7.5.6.2. Market Size and Forecast, By End User
    7.5.6.3. Market Size and Forecast, By Distribution Channel
  7.5.7. South Africa Margarine Market
    7.5.7.1. Market Size and Forecast, By Type
    7.5.7.2. Market Size and Forecast, By End User
    7.5.7.3. Market Size and Forecast, By Distribution Channel
  7.5.8. Saudi Arabia Margarine Market
    7.5.8.1. Market Size and Forecast, By Type
    7.5.8.2. Market Size and Forecast, By End User
    7.5.8.3. Market Size and Forecast, By Distribution Channel
  7.5.9. UAE Margarine Market
    7.5.9.1. Market Size and Forecast, By Type
    7.5.9.2. Market Size and Forecast, By End User
    7.5.9.3. Market Size and Forecast, By Distribution Channel
  7.5.10. Argentina Margarine Market
    7.5.10.1. Market Size and Forecast, By Type
    7.5.10.2. Market Size and Forecast, By End User
    7.5.10.3. Market Size and Forecast, By Distribution Channel
  7.5.11. Rest of LAMEA Margarine Market
    7.5.11.1. Market Size and Forecast, By Type
    7.5.11.2. Market Size and Forecast, By End User
    7.5.11.3. Market Size and Forecast, By Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Associated British Foods PLC
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Conagra Brands Inc.
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Bunge Limited.
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Wilmar International Ltd
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Upfield BV
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Puratos NV
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. BRF SA
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. Richardson International Limited
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. NMGK Group
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. Vandemoortele
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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