NEW YORK, Oct. 4, 2021 /PRNewswire/ — The hemp-based foods market is expected to grow by $ 364.98 mn from 2020 to 2024, progressing at a CAGR of almost 12% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the market.
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The hemp-based foods market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Though the growing vegan population and cases of celiac disease will offer immense growth opportunities, the impact of natural disasters and adverse weather conditions, threat of substitutes, and product recalls and cross-contamination will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
Hemp-based Foods Market 2020-2024: Segmentation
- Product
- Hemp Seed-based Foods
- Hemp Protein-based Foods
- Hemp Oil-based Foods
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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Hemp-based Foods Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hemp-based foods market report covers the following areas:
- Hemp-based Foods Market size
- Hemp-based Foods Market trends
- Hemp-based Foods Market industry analysis
Hemp-based Foods Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the hemp-based foods market, 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. Backed with competitive intelligence and benchmarking, our research report on the hemp-based foods market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Hemp-based Foods Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hemp-based foods market growth during the next five years
- Estimation of the hemp-based foods market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hemp-based foods market
- 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 almost 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 |
|
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, and market condition analysis for the 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. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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