Hemp milk sales are expected to reach US$ 236.4 million by 2032, according to a recent analysis by Future Market Insights, with a 7.3 percent CAGR over the decade.
Over the forecast period, rising awareness of the functional benefits of plant-based food and beverage items is likely to drive hemp milk sales. Hemp milk comes in a range of flavors, including unsweetened, flavored, and unflavored varieties.
Furthermore, customers are becoming increasingly aware of hemp milk’s health benefits. It’s high in omega-3 fatty acids, protein, and vitamins, and low in fat, making it a good alternative to dairy milk.
Hemp milk is also high in minerals and vitamins like calcium, iron, and others, which has contributed to its growing popularity among fitness enthusiasts. Growing demand for ready-made foods and beverages, as well as a strong preference for organic and clean-label products, will drive market expansion.
Key Takeaways from Market Study
Competition Landscape
Drink Daily Greens LLC, PACIFIC FOODS OF OREGON, LLC., Wild Harvest, Good Hemp Food, Cell-Nique Corporation, The Fix Juice Pty Ltd, Organic Hemp Milk Australia, Manitoba Harvest Hemp Foods, Goodmylk Co., Ecomil, milkadamia, and Victory Hemp Foods are some of the leading players in the hemp milk market.
To increase their product manufacturing facilities, key players in the global hemp milk market are forming partnerships and collaborations with other manufacturers. For example:
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