Hemp Milk Market Scope
Hemp milk is defined as the plant-based substitute to cow milk which is made up from whole hemp seeds. Numerous benefits of using drinking hemp milk such as the good source of nutrients contain healthy fats, vitamin percentage, high-quality plant protein, healthy fats, minerals, low calories, Omega-3 and Omega-6 fatty acids and others benefits. Increasing inclination among consumers towards healthier foodstuffs and increasing usage of hemp milk in various application such as supermarket and online stores will, in turn, propel the growth of hemp milk market.
According to AMA, the Global Hemp Milk market is expected to see growth rate of 15.2%The market is fragmented with numerous players focusing on technique and quality of the product due to which the global hemp milk market can witness an upsurge in the forecast period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Hemp Milk market throughout the predicted period.
Healthy Brands Collective (United States), Drink Daily Greens LLC (United States), Pacific Foods of Oregon Inc. (United States), Wild Harvest Organics (United States), Braham & Murray Ltd (United Kingdom), Good Hemp Living, LLC (United States), Lovetree products (United States), Gourmeo GmbH (Germany) and Missha Japan Inc. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Living Harvest Foods, Inc. (United States), Better Living Products (United States), Ecomil (Spain), Milkadamia (United States) and Fresh Hemp Foods Ltd (United States).
Segmentation Overview
The study have segmented the market of Global Hemp Milk market by Type (Organic and Non-organic) and Region with country level break-up.
On the basis of geography, the market of Hemp Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technology Advancement regarding Hemp Milk Products
Market Growth Drivers:
Increasing Preference among the Consumers towards Healthier Foodstuffs, Environmental Benefits Associated With Hemp Milk and Rising Vegan Population across the world and Increasing Health-conscious Population
Challenges:
Lack of Awareness regarding Hemp Milk and Issue Related to Some High Prices of Products
Restraints:
Safety and Regulatory Aspects of Hemp Milk Use
Opportunities:
Emerging Applications of Hemp Milk Products and Rising Demand from Emerging Economics such as India, China, and others
In September 2018, the Good Hemp Living, LLC Company (United States) has launched chilled hemp milk under its Good Hemp brand. It contains calcium, vitamin B12, and vitamin D. Therefore, this product launched will help in strengthening the position of the company.
Key Target Audience
Manufacturers of Hemp Milk Products, Suppliers of Hemp Milk Products, Wholesalers, Distributors, and Retailers of Hemp Milk Products, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.