Global Hemp Protein Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Hemp Protein Market

Hemp protein market size is expected to grow at a compound annual rate of 14.30% in the forecast period 2021 to 2028. The increasing preference of the people regarding the consumption of hemp based food is the factor for the hemp protein market in the forecast period of 2021 to 2028.

Hemp protein is a rich source of all necessary amino acids that are essential to meet the protein needs of humans. Owing to the high fiber content, hemp proteins lower the risk for heart disease, type-2 diabetes, constipation and diverticular disease. Hemp proteins are simply digestible, and are also used as an active ingredient in smoothies and shakes.

The major growing factor towards hemp protein market is the significant usage in the production of various protein enriched foods and protein supplements. The prime factor driving the demand for hemp protein is the rising demand of hempseed oil as well as increasing health consciousness among consumers. Furthermore, the growing demand for nutritional food products and new product developments are also heightening the overall demand for hemp protein market over the forecast period of 2021 to 2028. Moreover, the enhanced supply chain to make sure the product availability also serves as a foremost driver for increasing the demand for hemp protein market at a global level. In addition, the rising disposable income and rapid shift in consumer demand for vegan food products are also lifting the growth of the hemp protein market.

However, the high production cost and strict regulation and policies are projected to act as a restraint towards the growth of hemp protein market; whereas the fluctuating prices of raw material have the potential to challenge the growth of the market.

Moreover, the increased demand for high quality, plants based and secure protein source as well as the increasing demand of cosmetics, personal care products, protein supplements and various other health products will further generate new opportunities for the hemp protein market in the forecast period of 2021 to 2028.

This hemp protein market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hemp protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Hemp Protein Market Scope and Market Size

Hemp protein market is segmented on the basis of nature, form, grade type, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of nature, the hemp protein market has been segmented into organic and conventional.
• Based on form, the hemp protein market has been segmented into dry and paste.
• On the basis of grade type, the hemp protein market has been segmented into food grade, pharmaceutical grade and industrial grade.
• Hemp protein market has also been segmented into on the basis of application into food, beverages, pharmaceuticals, nutraceuticals and personal care and cosmetic. Food has further been segmented into baking, confectionary and infant food. Beverages have further been segmented into alcoholic and non-alcoholic.
• The distribution channel segment of the hemp protein has been segmented into B2B and B2C. B2C has further been segmented into convenience stores, online stores, hypermarket/ supermarket, specialty stores and independent groceries.

Hemp Protein Market Country Level Analysis

Hemp protein market is analyses and market size, volume information is provided by country, nature, form, grade type, application and distribution channel as referenced above.

The countries covered in the hemp protein market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

North America leads the hemp protein market due to ever-increasing vegan population as well as soaring protein alternative demand in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing demand for hemp protein from India and China within in this region.

The country section of the hemp protein market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Hemp Protein Market Share Analysis

Hemp protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hemp protein market.

The major players covered in the hemp protein market report are NAVITAS ORGANICS, Hemp Oil Canada, North American Hemp & Grain Co., Ltd., Hemp Foods Australia Pty Ltd, Manitoba Harvest Hemp Foods, The Raw Chocolate Pie Company, ET Chem, Z-COMPANY, OMNI Superfood, Naturally Splendid Enterprises LTD., Naturally Splendid Enterprises Ltd., Nutiva Inc., Canopy Growth Corporation, OPW Ingredients GmbH, POONAM OIL INDUSTRIES, GFR Ingredients Inc., Liaoning Qiaopai Biotech Co., Ltd., The Cool Hemp Company Inc., Elixinol Global Limited,  and Green Source Organics among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.

SKU-59996