The global hemp milk market is expected to grow at a significant rate in the next few years. The demand for vegan milk products is increasing and as consumers are becoming more health conscious, they’re looking for alternative food options that don’t harm animals or the environment.
The “global socks market” is expected to grow with the increase in demand for vegan milk products. Socks are a staple of many people’s wardrobe, and they have been around for centuries.
Hemp milk is made from the seeds of the hemp plant (Cannabis sativa) and water. Hemp milk and other similar meals made from hemp seeds do not have the same psychoactive effects as marijuana and only contain trace amounts of tetrahydrocannabinol. As a result, its popularity as a substitute for cow’s milk in coffee, smoothies, and cereal is growing. Commercial hemp milk contains salt, sweeteners, and thickeners in addition to the seeds and water used to make it.
With the rise in vegan food culture, the worldwide hemp milk business is rising. Hemp milk’s high nutritious content is also encouraging its usage across the globe. Hemp milk is high in proteins, lipids, and minerals such as calcium and iron. Commercially accessible hemp milk is often supplemented with extra phosphorus, calcium, and vitamins B12, A, and D, in addition to these naturally occurring elements. Furthermore, the majority of the lipids in hemp milk are unsaturated essential fatty acids like omega-6 and omega-3, which are required for the body’s production of new tissue and membranes. All of these elements are largely responsible for the market’s expansion. Hemp milk, on the other hand, might trigger allergic reactions owing to its high omega-3 and omega-6 content. The medicinal relevance of hemp milk in avoiding heart diseases and other ailments, on the other hand, would provide strong development possibilities for the market throughout the projected period.
Hemp milk is segmented into three categories: product type, distribution channel, and region. Sweetened taste, unsweetened flavored, low-sugar, and plain are the different product types. Convenience shops, hypermarket stores, supermarket stores, and others are among the distribution channels.
Over the projected period, North America is likely to be the biggest regional market for hemp milk. The region’s substantial market share is largely due to a rise in demand for alternative milk products. The United States is expected to maintain its dominance in the regional market by accounting for the greatest revenue share. Over the projection period, Europe is expected to be the most profitable regional market for hemp milk, followed by Asia Pacific. A tremendous rise in veganism is largely increasing the plant milk business, which in turn is supporting hemp milk’s expansion in Europe.
Drink Daily Greens, Healthy Brands Collective, Waska Farms, Pacific Foods of Oregon, Braham & Murray, and Wild Harvest Organics are among the leading participants in the worldwide hemp milk industry. To provide an example, Australian regulatory organizations approved hemp milk products in 2020.
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