- Report
- Hemp Milk Market
Hemp Milk Market
Hemp Milk Market by Form, Flavor Type, End Use, Sales Channel & Region -
Forecast 2022 – 2032
Market Insights on Hemp Milk Market covering sales outlook, demand forecast & up-to-date key trends
Hemp Milk Market Outlook (2022-2032)
[350 Pages Report] The global hemp milk market is expected to reach a
market valuation of US$ 112.8 Mn in 2022, with demand accelerating at a
healthy 7.3% CAGR over the forecast period.
Hemp Milk Market Size (2022E)
US$ 112.8 Mn
Hemp Milk Market Projected Size (2032F)
US$ 236.4 Mn
Hemp Milk Market Value-based CAGR (2022-2032)
7.3%
Hemp Milk Market Top 3 Countries Marketing Share
39.6%
Total sales in the hemp milk market are likely to account a considerable share
of global plant-based milk market, valued at US$ 14 Bn in 2022.
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Increasing demand for pesticide-free food and beverages is expected to drive
sales of organic hemp milk in the forthcoming years. As per FMI, the organic
segment is projected to account for 70% of the total market share in 2022, with
sales forecast to increase at a 9.3% CAGR through 2032.
2017-2021 Hemp Milk Market Historic Outlook Vs 2022-2032
Forecast
Sales of hemp milk are projected to increase at a 7.3% CAGR, in comparison to
the 5.9% CAGR registered between 2017 to 2021. Surging demand for dairy-
free milk alternatives is anticipated to push sales of hemp milk year-over-year
by 6.6% between 2022 to 2023.
Growing demand for nutritious plant-based food and beverage products is
expected to drive sales in the market. Help milk is a rich source of omega-3
fatty acids, protein, vitamins and is low fat, making it a desirable substitute to
conventional dairy milk.
Rising awareness regarding the benefits of functional foods is spurring demand
in the market. In response ot this, manufacturers are launching numerous
flavo