Hemp-based Foods Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR45414
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The hemp-based foods market has the potential to grow by USD 364.98 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 11.55%.

This hemp-based foods market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (hemp seed-based foods, hemp protein-based foods, and hemp oil-based foods) and geography (North America, Europe, APAC, South America, and MEA). The hemp-based foods market report also offers information on several market vendors, including Aurora Cannabis Inc., Bombay Hemp Company Pvt. Ltd., Boring Hemp Co., CANAH INTERNATIONAL Srl, Canopy Growth Corp., Hemp Juice Company BV, HempFlax Group BV, Hudson River Foods, North American Hemp and Grain Co., and Nutiva Inc. among others.

What will the Hemp-based Foods Market Size be in 2020?

Hemp-based-Foods-Market-Market-Size-2019-2024

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Hemp-based Foods Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing vegan population and cases of celiac disease is notably driving the hemp-based foods market growth, although factors such as impact of natural disasters and adverse weather conditions may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the hemp-based foods market get your FREE report sample now.

This hemp-based foods market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Hemp-based Foods Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aurora Cannabis Inc.
  • Bombay Hemp Company Pvt. Ltd.
  • Boring Hemp Co.
  • CANAH INTERNATIONAL Srl
  • Canopy Growth Corp.
  • Hemp Juice Company BV
  • HempFlax Group BV
  • Hudson River Foods
  • North American Hemp and Grain Co.
  • Nutiva Inc.

 

The hemp-based foods market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the hemp-based foods market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Hemp-based Foods Market?

Hemp-based-Foods-Market-Market-Share-by-Region-2019-2024

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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for hemp-based foods in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Hemp-based Foods Market?

Hemp-based-Foods-Market-Market-Share-by-Product-2019-2024

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The hemp-based foods market share growth by the hemp seed-based foods segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hemp-based foods market size.

 

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What are the Key Factors Covered in this Hemp-based Foods Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive hemp-based foods market growth during the next five years
  • Precise estimation of the hemp-based foods market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hemp-based foods market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hemp-based foods market vendors

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Hemp-based Foods Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 12%

Market growth 2020-2024

$ 364.98 million

Market structure

Fragmented

YoY growth (%)

5.32

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, China, Germany, Canada, France, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aurora Cannabis Inc., Bombay Hemp Company Pvt. Ltd., Boring Hemp Co., CANAH INTERNATIONAL Srl, Canopy Growth Corp., Hemp Juice Company BV, HempFlax Group BV, Hudson River Foods, North American Hemp and Grain Co., and Nutiva Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The hemp-based foods market growth will increase by $364.98 million during 2019-2024.
The hemp-based foods market is expected to grow at a CAGR of 11.55% during 2019-2024.
Technavio has segmented the hemp-based foods market by product (Hemp seed-based foods, Hemp protein-based foods, and Hemp oil-based foods) and geographic (North America, Europe, APAC, South America, and MEA).
Aurora Cannabis Inc., Bombay Hemp Company Pvt. Ltd., Boring Hemp Co., CANAH INTERNATIONAL Srl, Canopy Growth Corp., Hemp Juice Company BV, HempFlax Group BV, Hudson River Foods, North American Hemp and Grain Co., Nutiva Inc. are a few of the key vendors in the hemp-based foods market.
North America will register the highest growth rate of 35.05% among the other regions. Therefore, the hemp-based foods market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • Canada
  • France
  • South Korea (Republic of Korea)
The key factors driving the hemp-based foods market growth are:
  • Growing vegan population and cases of celiac disease
The hemp-based foods market vendors should focus on grabbing business opportunities from the hemp seed-based foods segment as it accounted for the largest market share in the base year.
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