Hemp milk is made by combining hemp plant seeds (Cannabis sativa) and water. Hemp milk and other similar foods made from hemp seeds do not have the same effects as marijuana and contain only low levels of the psychotropic agent tetrahydrocannabinol. As a result, there is increasing demand as an alternative to cow’s milk in coffee, smoothies and cereals. Hemp milk is made only from seeds and water, but commercial products also contain salt, sweeteners, and thickeners.
The global hemp milk market is booming with the increase in vegan food culture. The nutrient content in hemp milk also encourages consumption around the world. Hemp milk contains essential proteins, fats and minerals like calcium and iron. In addition to these naturally occurring nutrients, commercially available hemp milk is generally fortified with additional phosphorus, calcium, and vitamins B12, A, and D. In addition, most of the fats in hemp milk are unsaturated essential fatty acids, which are omega-6 and contain omega-3, which are considered to be essential for the synthesis of new tissue and membranes in the body. All of these factors primarily contribute to the growth of the market. However, the consumption of hemp milk can cause allergy symptoms due to its high levels of omega-3 and omega-6. On the flip side, the medicinal importance of hemp milk in heart disease prevention and others will provide healthy growth opportunities for the market growth over the forecast period.
The global hemp milk market is divided into product type, distribution channel and region. The product type segment is categorized into sweetened flavors, unsweetened flavors, low-sugar, and pure. The sales channels are divided into convenience stores, hypermarket stores, supermarket stores and others.
North America is expected to remain the largest regional market for hemp milk during the forecast period. The main contributing factor to the region’s large market share is the increasing demand for alternative dairy products. The United States is expected to retain the dominant position in the regional market by holding the largest share of sales. Europe is expected to be the most lucrative regional market for hemp milk during the forecast period, followed by the Asia-Pacific region. A rapid increase in vegan culture is boosting the plant milk market in particular, which ultimately supports the growth of hemp milk in Europe.
Some of the key players in the global hemp milk market include Drink Daily Greens, Healthy Brands Collective, Waska Farms, Pacific Foods of Oregon, Braham & Murray, and Wild Harvest Organics, among others. In 2020, Australian regulators approved hemp dairy products in the country.
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