Global Hemp-Based Food Market Statistics: USD 5.8 Billion Value by 2033
Summary:
- The global hemp-based food market size reached USD 1.7 Billion in 2024.
- The market is expected to reach USD 5.8 Billion by 2033, exhibiting a growth rate (CAGR) of 12.69% during 2025-2033.
- North America leads the market, accounting for the largest hemp-based food market share.
- Hemp seeds account for the majority of the market share in the product segment due to their versatility and high nutritional value.
- Supermarkets and hypermarkets hold the largest share in the hemp-based food industry.
- The increasing consumer demand for plant-based and natural products is a primary driver of the hemp-based food market.
- The rise of sustainability and ethical consumption and the growing awareness about health benefits of hemp are reshaping the hemp-based food market.
Increasing consumer demand for plant-based and natural products:
Consumers, particularly those seeking healthy, natural options, are attracted to hemp due to its high nutritional value, including its rich protein content, omega-3 and omega-6 fatty acids, and fiber. Hemp-based products appeal to health-conscious shoppers who want to reduce their meat consumption and adopt a more plant-based diet. Additionally, the rise of vegetarianism and veganism is driving demand for hemp seeds, and hemp-derived products such as protein powders, oils, and milk serve as valuable alternatives to animal-based proteins. This shift toward plant-based eating, combined with the perception of hemp as a sustainable and versatile ingredient, is positioning it as an attractive option for consumers who prioritize both health and environmental awareness.
- Growing awareness about the health benefits:
Hemp seeds are rich in essential nutrients, including complete protein, fiber, and healthy fats, making them an excellent addition to a balanced diet. Additionally, they contain important minerals such as magnesium, potassium, and iron. These benefits are becoming more widely recognized due to marketing efforts and educational campaigns that emphasize hemp’s ability to improve heart health, reduce inflammation, and aid digestion. In addition, consumers are preferring functional foods that offer health benefits beyond basic nutrition, which is making hemp more appealing for its unique profile, encouraging more individuals to explore hemp-based snacks, beverages, and supplements as part of their daily health routine.
- Rise of sustainability and ethical consumption:
Hemp is a highly sustainable crop, requiring less water, pesticides, and herbicides than other agricultural commodities. This makes it an environmentally friendly option that resonates with environmentally conscious consumers. In addition to its sustainable farming practices, hemp's ability to sequester carbon and improve soil health strengthens its appeal as a green crop. More people are becoming aware of the environmental impact of their food choices and are looking for products that align with their values of reducing carbon footprints and supporting regenerative agriculture. The convergence of ethical and environmental considerations, coupled with hemp's versatility in various food applications, encourages food producers to integrate hemp into their product offerings.
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Hemp-Based Food Market Report Segmentation:
Breakup By Product:
- Hemp Protein Powder
- Hemp Seed Oil
- Hemp Seeds
- Others
Hemp seeds exhibit a clear dominance in the market due to their versatility and high nutritional value, making them a popular choice for consumers seeking health benefits.
Breakup By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Supermarkets and hypermarkets represent the largest segment, as they offer extensive reach and convenience, allowing for wide distribution and accessibility of hemp-based products.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America dominates the market owing to the rising demand for health-conscious products and supportive regulatory frameworks that promote the growth and sale of hemp-based foods.
Top Hemp-Based Food Market Leaders:
The hemp-based food market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Hempfoods Ltd.
- Tilray, Inc.
- GFR Ingredients
- Hemp Foods Australia Pty Ltd
- Aurora Cannabis Inc.
- Naturally Splendid Enterprises Ltd.
- Isodiol International Inc
- Navitas LLC
- Nurturing
- T12 Holdings Pty Ltd.
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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