Growing Health Disorders driving Hemp Milk Market

May 28, 2019

Suppliers are largely targeting health-conscious consumers to increase the demand and sale of their products in the global hemp milk industry.

Arizton’s recent research report on the hemp milk industry provides a comprehensive industry study, trend forecasts, and competitive analysis. The study segments the market by variants (flavored and unflavored), categories (sweetened and unsweetened), products (organic and non-organic), distributions (online and offline), and geography (North America, Europe, APAC, Latin America, and MEA).

The hemp milk industry is likely to reach around $454 million by 2024, growing at a CAGR of 16% during 2018–2024.

Ahigh prevalence of lactose intolerant among people, the growing adoption of hemp milk among fitness enthusiasts, the increasing health-conscious population, and the rising demand for organic food and beverage, and unsweetened flavored hemp milk are the primary factors driving the hemp milk industry.

Request for a free Sample!

Growing Adoption of Hemp Milk among Fitness Enthusiasts

Hemp milk is gaining popularity among health enthusiasts as it contains a high quantity of proteins and omega-3 fatty acids with low-fat content. Several eminent medical professionals and dieticians around the world are recommending the consumption of hemp milk to overcome the protein deficiency. Over the last few years, the global health and wellness industry has been witnessing considerable growth mainly due to rising health challenges. Further, hemp milk suppliers are largely targeting health-conscious consumers to increase the demand and sale of their products, which is expected to drive the hemp milk industry in the coming years.

Read: Goat Milk Cosmetics Market - Global Outlook and Forecast 2020-2025

Internet is Shaping Consumer Consumption Patterns

Rapid penetration of the internet is shaping consumers’ shopping and consumption patterns. The online grocery market is expected to grow at an annual rate of 9.5%. The market is witnessing changes in shopping patterns, where end-users are adopting digital channels to check pricing, features, and other related information. Further, factors such as the increased penetration of wireless broadband internet, the strong adoption of smartphones and tablets, and the growth in the number of social media users are driving users to shop on-the-go.

Vendors also using digital and social media to enhance customer experience. The increased penetration of internet, improved economy, and upgrading of purchase and delivery options with the emergence of m-commerce have increased the scope of the e-commerce sector significantly.

Rising Demand for Organic Food and Beverages

In the last couple of years, the demand for organic food and beverages has gained prominence. Research around the world shows that consumers are increasingly seeking non-GMO foods as GMO foods can have a negative impact on human health. GMO crops require more herbicides that cause environmental pollution as well as increase the chances of cancer, obesity, autism, and other diseases. Hence, manufacturers are increasing the supply of non-GMO products. Pacific Foods and Tempting are the leading vendors that have introduced non-GMO and organic hemp milk in the market.

Request for a free Sample!

Hudson River Foods, Pacific Foods of Oregon INC., Wild HARVEST, Braham & Murray, Fresh Hemp Foods Ltd., MaMilk, and Good Mylk Co. are the leading vendors in the hemp milk industry.

The complete overview of the latest market research report on the hemp milk market by Arizton is now available.

The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.

About Arizton

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting- edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Mail: enquiry@arizton.com

Call:  +1-312-235-2040

+1 302 469 0707

Mar 15, 2023

STOCK MUSIC MARKET EXPERIENCING MASSIVE DEMAND – HUGE MARKET TO INVEST IN!

The rising demand for improving video and movie experience creates large avenues for the stock music...

Jan 30, 2023

More than USD 200 Billion Opportunities Opening Up in the Flooring Market

Arizton estimates that there are more than 200 billion Opportunities in the flooring market. Growing...

Jan 18, 2023

Netherlands Used Construction Equipment-Compact Electric Used Construction Equipment Sales Booming

More than 22k Units of Used Construction Equipment to be Sold in Netherlands...

LATEST POSTS
VIEW RELATED REPORT

Hemp Milk Market - Global Outlook and Forecast 2019-2024

OTHER CATEGORIES