Worldwide Hemp-Based Food Industry to 2026 – Featuring Canada Hemp Foods, GFR Ingredients and Naturally Splendid Enterprises Among Others – PRNewswire

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DUBLIN, Jan. 10, 2022 /PRNewswire/ — The "Hemp-Based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to’s offering.
The global hemp-based food market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Hemp-based food, such as hemp seeds, milk and hemp oil, cheese substitutes and protein powder, is obtained by harvesting the hemp plant and hulling whole hemp seeds to separate oil-rich kernels. Both the shells and hulled hemp seeds are rich sources of fiber, vitamins and minerals, including magnesium, phosphorus, potassium, vitamin A, B, C and E, zinc and iron. They are also free from gluten, allergens, lactose, phytoestrogens and pesticides. They are commonly used to manufacture granola bars, corn chips, pretzels, bread and cereals.

The growing food and beverage industry and increasing consumer preferences for vegan food products, represent as the key factors creating a positive outlook for the market. Furthermore, rising health consciousness and consumer awareness regarding the nutritional benefits of hemp-based food products is also driving the market growth. Due to the sedentary lifestyle of the masses, there is an escalating prevalence of various chronic-medical ailments. Hemp-based food products aid in balancing insulin levels, improving cardiac function, reducing stress and anxiety and promoting joint health, thereby favoring the market growth.
Additionally, the continual launch of innovative product variants, such as hemp seed-based sauces, burgers, shakes, ice creams and desserts, is acting as another growth-inducing factor. In line with this, cafes, restaurants and other eateries are experimenting with a variety of flavors and combinations of hemp to offer unique and innovative dishes to their customers. Other factors, including the premiumization of gluten-free and organic food and beverages, along with aggressive promotional activities by manufacturers through various online retail channels, are anticipated to drive the market further.
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd. (Tilray, Inc), GFR Ingredients Inc., Hemp Foods Australia Pty Ltd. (Elixinol Global Limited), Hempco Food and Fiber Inc. (Aurora Cannabis Inc.), Naturally Splendid Enterprises, Isodiol International Inc., Navitas Organics, Nutiva and T12 Holdings Pty Ltd. (Cann Global Limited).

Key Questions Answered in This Report
Key Topics Covered:

1 Preface

2 Scope and Methodology
3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Hemp-Based Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product
6.1 Hemp Protein Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hemp Seed Oil
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hemp Seeds
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Convenience Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Region
9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Canada Hemp Foods Ltd. Company Overview Product Portfolio
13.3.2 Fresh Hemp Foods Ltd. (Tilray Inc.) Company Overview Product Portfolio
13.3.3 GFR Ingredients Inc. Company Overview Product Portfolio
13.3.4 Hemp Foods Australia Pty Ltd. (Elixinol Global Limited) Company Overview Product Portfolio
13.3.5 Hempco Food and Fiber Inc. (Aurora Cannabis Inc.) Company Overview Product Portfolio
13.3.6 Naturally Splendid Enterprises Company Overview Product Portfolio Financials
13.3.7 Isodiol International Inc. Company Overview Product Portfolio Financials
13.3.8 Navitas Organics Company Overview Product Portfolio
13.3.9 Nutiva Company Overview Product Portfolio
13.3.10 T12 Holdings Pty Ltd. (Cann Global Limited) Company Overview Product Portfolio
For more information about this report visit
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]   

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