Hemp-Based Food Market
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Hemp-Based Food Market Size and Growth
The hemp-based food market is experiencing substantial growth, driven by rising health consciousness and demand for plant-based diets. The global market size was valued at approximately USD 1 billion in 2022 and is projected to expand at a CAGR of over 15% by 2030, reflecting strong consumer interest and innovation.
Companies Covered
(Covid 19 Impact Covered)
◍ Compass Diversified Holdings
◍ Hempco
◍ Hemp Foods Australia
◍ Canopy Growth
◍ Naturally Splendid Enterprises
◍ Nutiva
◍ Agropro
◍ Nutiva
◍ Manitoba Harvest
◍ Braham & Murray
◍ GIGO Food
◍ Elixinol
◍ Mettrum Originals
◍ Jinzhou Qiaopai Biotech
The hemp-based food market features companies like Compass Diversified Holdings, Hempco, and Manitoba Harvest, which innovate in hemp protein, seed oils, and snacks. They drive market growth through product diversification and marketing. For instance, Manitoba Harvest reported sales of approximately $25 million, while Nutiva generated around $50 million.
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Market Segmentation
By Application
By Product
◍ Hemp oil-based foods ◍ Supermarkets ◍ Convenience Stores ◍ Others
◍ Hemp seed-based foods
◍ Hemp protein-based foods
Market Growth
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$ X Billion USD
