NEW YORK, Sept. 30, 2022 /PRNewswire/ — According to the report “Hemp-based Foods Market by Product and Geography – Forecast and Analysis 2022-2026”, the market will witness a YOY growth of 10.6% in 2022 and a CAGR of 11.55% during the forecast period. The market has been segmented by product (hemp seed-based foods, hemp oil-based foods, and hemp oil-based foods) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
Technavio has announced its latest market research report titled Global Hemp-based Foods Market 2022-2026
Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format
Key Segment Analysis
By product, the hemp seed-based foods segment will be the largest contributor to market growth during the forecast period. Hemp seeds are a blend of protein and essential fats. Hence, they are ideal for vegans and vegetarians. These seeds are often eaten raw or added to cereals, smoothies, and other recipes.
To learn about additional highlights and key points on various market segments and their impact in coming years, View our FREE PDF Sample Report
Geographical Market Analysis
APAC will provide maximum growth opportunities in the hemp-based foods market during the forecast period. According to our research, the region will contribute 34% of the global market during the forecast period. China and Australia are the two major markets for hemp-based foods in the region. The growth of this region is attributed to factors such as rapid urbanization.
Vendor Insights
The hemp-based foods market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aurora Cannabis Inc.
- Bombay Hemp Co. Pvt. Ltd.
- Boring Hemp Co.
- CANAH INTERNATIONAL Srl
- Cann Global Ltd.
- Canopy Growth Corp.
- GFR Ingredients Ltd.
- Hemp Juice Company BV
- HempFlax Group BV
- Hudson River Foods
- Isodiol International Inc.
- Liaoning Qiaopai Biotech Co. Ltd.
- Naturally Hemps LLC
- Navitas LLC
- North American Hemp and Grain Co.
- Nutiva Inc.
- Parkland Industrial Hemp Growers Co op. Ltd.
- The Hemp Corp. Pty Ltd.
- Tilray Inc.
- Yunnan Hua Fang Industrial Hemp Co. Ltd.
View our FREE PDF Sample Report to find additional highlights on the growth strategies adopted by vendors and their product offerings
Key Market Drivers and Challenges
The growing vegan population and cases of celiac disease are driving the hemp-based foods market growth. Hemp seeds are good sources of protein. Several manufacturers are adding vegan labels on the packaging of hemp products to cater to the vegan consumer base. The prevalence of the celiac disease is rising across the world. Gluten-free food products such as hemp can help avoid this disease. Hence, the demand for hemp-based food ingredients is growing significantly.
The impact of natural disasters and adverse weather conditions is challenging the hemp-based foods market growth. Uncertain weather conditions can negatively impact the production of crops. Natural disasters such as earthquakes, floods, and droughts can also affect hemp plantations. These factors are challenging the growth of the market during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
Customize Your Report
Don’t miss out on the opportunity to speak to our analyst and find more insights about this market report. Technavio can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
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Hemp-based Foods Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.55% |
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Market growth 2022-2026 |
USD 3.54 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
10.6 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 34% |
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Key consumer countries |
US, Canada, China, Australia, Germany, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Key companies profiled |
Aurora Cannabis Inc., Bombay Hemp Co. Pvt. Ltd., Boring Hemp Co., CANAH INTERNATIONAL Srl, Cann Global Ltd., Canopy Growth Corp., GFR Ingredients Ltd., Hemp Juice Company BV, HempFlax Group BV, Hudson River Foods, Isodiol International Inc., Liaoning Qiaopai Biotech Co. Ltd., Naturally Hemps LLC, Navitas LLC, North American Hemp and Grain Co., Nutiva Inc., Parkland Industrial Hemp Growers Co op. Ltd., The Hemp Corp. Pty Ltd., Tilray Inc., and Yunnan Hua Fang Industrial Hemp Co. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product – Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Hemp seed-based foods – Market size and forecast 2021-2026
- Exhibit 28: Chart on Hemp seed-based foods – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Hemp seed-based foods – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Hemp seed-based foods – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Hemp seed-based foods – Year-over-year growth 2021-2026 (%)
- 5.4 Hemp protein-based foods – Market size and forecast 2021-2026
- Exhibit 32: Chart on Hemp protein-based foods – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Hemp protein-based foods – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Hemp protein-based foods – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Hemp protein-based foods – Year-over-year growth 2021-2026 (%)
- 5.5 Hemp oil-based foods – Market size and forecast 2021-2026
- Exhibit 36: Chart on Hemp oil-based foods – Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Hemp oil-based foods – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Hemp oil-based foods – Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Hemp oil-based foods – Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 China – Market size and forecast 2021-2026
- Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.10 Germany – Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.11 Canada – Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
- 7.12 France – Market size and forecast 2021-2026
- Exhibit 82: Chart on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France – Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France – Year-over-year growth 2021-2026 (%)
- 7.13 Australia – Market size and forecast 2021-2026
- Exhibit 86: Chart on Australia – Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Australia – Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Australia – Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Australia – Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Aurora Cannabis Inc.
- Exhibit 97: Aurora Cannabis Inc. – Overview
- Exhibit 98: Aurora Cannabis Inc. – Business segments
- Exhibit 99: Aurora Cannabis Inc. – Key offerings
- Exhibit 100: Aurora Cannabis Inc. – Segment focus
- 10.4 Bombay Hemp Co. Pvt. Ltd.
- Exhibit 101: Bombay Hemp Co. Pvt. Ltd. – Overview
- Exhibit 102: Bombay Hemp Co. Pvt. Ltd. – Product / Service
- Exhibit 103: Bombay Hemp Co. Pvt. Ltd. – Key offerings
- 10.5 Boring Hemp Co.
- Exhibit 104: Boring Hemp Co. – Overview
- Exhibit 105: Boring Hemp Co. – Product / Service
- Exhibit 106: Boring Hemp Co. – Key offerings
- 10.6 CANAH INTERNATIONAL Srl
- Exhibit 107: CANAH INTERNATIONAL Srl – Overview
- Exhibit 108: CANAH INTERNATIONAL Srl – Product / Service
- Exhibit 109: CANAH INTERNATIONAL Srl – Key offerings
- 10.7 Canopy Growth Corp.
- Exhibit 110: Canopy Growth Corp. – Overview
- Exhibit 111: Canopy Growth Corp. – Business segments
- Exhibit 112: Canopy Growth Corp. – Key news
- Exhibit 113: Canopy Growth Corp. – Key offerings
- Exhibit 114: Canopy Growth Corp. – Segment focus
- 10.8 Hemp Juice Company BV
- Exhibit 115: Hemp Juice Company BV – Overview
- Exhibit 116: Hemp Juice Company BV – Product / Service
- Exhibit 117: Hemp Juice Company BV – Key offerings
- 10.9 HempFlax Group BV
- Exhibit 118: HempFlax Group BV – Overview
- Exhibit 119: HempFlax Group BV – Product / Service
- Exhibit 120: HempFlax Group BV – Key offerings
- 10.10 Hudson River Foods
- Exhibit 121: Hudson River Foods – Overview
- Exhibit 122: Hudson River Foods – Product / Service
- Exhibit 123: Hudson River Foods – Key offerings
- 10.11 North American Hemp and Grain Co.
- Exhibit 124: North American Hemp and Grain Co. – Overview
- Exhibit 125: North American Hemp and Grain Co. – Product / Service
- Exhibit 126: North American Hemp and Grain Co. – Key offerings
- 10.12 Nutiva Inc.
- Exhibit 127: Nutiva Inc. – Overview
- Exhibit 128: Nutiva Inc. – Product / Service
- Exhibit 129: Nutiva Inc. – Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 11.5 List of abbreviations
- Exhibit 136: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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