Hemp Protein Market - Global Industry Size, Shares, Trends, Opportunity & Forecast, Segmented By Source (Organic and Conventional), By Application (Functional Food, Functional Beverage, Dietary Supplements, Pharmaceuticals, Personal Care, and Other Industrial Uses), By Region & Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 65.71 Million

CAGR (2024-2029)

4.76%

Fastest Growing Segment

Organic

Largest Market

North America

Market Size (2029)

USD 86.72 Million

Market Overview

The Global Hemp Protein Market was valued at USD 65.71 million in 2023 and is expected to reach USD 86.72 million by 2029, with a CAGR of 4.76% during the forecast period. Known for its easily digestible properties, hemp protein is utilized across various sectors, including food and beverages, pharmaceuticals, and personal care. The expanding consumer understanding of hemp protein's health advantages such as combating fatigue, bolstering the immune system, and safeguarding kidney health is a primary factor propelling the market. Enhanced economic conditions and rising household incomes are also supporting this growth, as consumers are more willing to allocate spending towards hemp protein-enriched foods to support their health. Additionally, the growing trend of consuming plant-based bakery products, influenced by a shift towards all-natural and clean-label diets, is creating new market opportunities for hemp protein. The rising adoption of veganism, along with the heightened demand for organic and non-GMO products free from artificial additives, is significantly boosting the hemp protein market. The powdered form of hemp protein, favored for its long shelf life and convenience, is in greater demand than its liquid counterpart. Key industry players are concentrating on innovative research to broaden the applications of hemp seeds as a protein source, which further drives market growth. The increasing utilization of hemp seed protein across multiple industries provides considerable global growth opportunities. The hemp industry in India currently stands at USD 2-3 million and is expected to expand to USD 500-700 million in the coming years. This growth is fueled by increasing demand for hemp oil and fibres across various sectors, including automotive, construction, food and beverage, personal care, and textiles. The expansion is particularly pronounced in emerging regions like Asia Pacific.

Market Drivers

Rising Health Consciousness and Economic Conditions

The expansion of the Global Hemp Protein Market is primarily fueled by the growing health consciousness among consumers and better economic conditions. Hemp proteins, esteemed for their high digestibility and extensive health benefits, are becoming a preferred option for those seeking dietary improvements. These proteins offer numerous benefits, including anti-fatigue properties, immune system support, and kidney protection, enticing consumers to introduce hemp protein-based foods into their diets. As disposable incomes and economic circumstances improve, households are increasingly inclined to invest in nutritious food products, including those rich in hemp proteins, to maintain their well-being. This inclination to invest in health is anticipated to further accelerate the demand for hemp protein. For instance,  a recent study published in The American Journal of Clinical Nutrition in 2024 examines the effectiveness of hemp seed protein and its bioactive peptides in managing blood pressure among mildly hypertensive individuals. Hypertension, defined by systolic blood pressure above 130 mmHg and diastolic blood pressure above 80 mmHg, affects over 30% of the global population. This condition contributes to 8.5 million deaths annually due to vascular and renal complications.

Growing Veganism Trend

The burgeoning trend of veganism is another vital driver for the hemp protein market. With a growing number of consumers embracing vegan lifestyles, the demand for plant-based protein sources has risen considerably. Hemp protein integrates effortlessly into vegan diets, being minimally processed, free from chemicals, and suitable for vegetarian and vegan dietary requirements. The increasing preference for vegan food patterns has spurred market players to develop innovative hemp protein ingredients with diverse application possibilities. The expanding vegan population is presenting extensive opportunities for the hemp protein market to flourish in both developed and emerging regions across the globe. According to 2023 statistics, there are approximately 88 million vegans worldwide, with women comprising 67% of this population. In the United States, over 13.4 million people follow a vegan diet. India, notable for its dietary preferences, has seen an increase in its vegan population, now at 11%, up from 9% previously, making it the second most popular diet in the country. This percentage is significantly higher compared to other regions globally. China is also experiencing a rise in veganism, with Statista reporting that 4% of the population is vegan. Given China's population of over 1.4 billion, this translates to approximately 56 to 70 million vegetarians and vegans. However, with 34.4% of China’s population residing in rural areas where maintaining a vegan diet can be challenging, this growth in veganism presents a notable trend. 


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Key Market Challenges

Regulatory Hurdles and Misconceptions

A significant obstacle for the Global Hemp Protein Market comes from the intricate regulatory environment governing hemp products. Despite wider acceptance, hemp still faces regulatory challenges in numerous countries, which creates barriers to market expansion. The inconsistency in regulations and legal constraints on hemp cultivation and usage can limit the availability and distribution of hemp protein products. Additionally, misconceptions and the stigma connected to hemp, primarily due to its association with cannabis, can further restrict market growth. Dispelling these misconceptions and educating consumers and policymakers about the clear distinctions between hemp and marijuana is crucial for surmounting these challenges and fostering a favorable environment for the market to grow.

Supply Chain and Production Limitations

Supply chain constraints and production limitations also pose challenges for the hemp protein market. Hemp cultivation necessitates specific agronomic conditions, which may not be present in all regions, affecting the steady supply of raw materials needed for hemp protein production. The relatively young hemp protein industry means that large-scale production facilities and well-established supply chains are still in development. These factors can lead to production slowdowns and increased costs, affecting the market's capacity to meet growing demand efficiently. Overcoming these supply chain and production hurdles is essential for the hemp protein market's sustainable growth.

Key Market Trends

Surge in Plant-Based Diets

The hemp protein market is experiencing significant growth due to the increasing popularity of plant-based diets. Consumers are increasingly shifting towards vegetarian and vegan lifestyles, driven by concerns about health, environmental sustainability, and animal welfare. Hemp protein, derived from hemp seeds, aligns perfectly with this dietary trend. Hemp protein offers a complete amino acid profile, making it a valuable source of protein for those on plant-based diets. It contains all nine essential amino acids required for human health, which is a significant advantage over many other plant-based proteins that may lack one or more essential amino acids. Additionally, hemp protein is rich in essential fatty acids like omega-3 and omega-6, which contribute to overall health.

The environmental benefits of hemp cultivation further boost its appeal. Hemp requires minimal water, grows rapidly, and improves soil health, making it a more sustainable alternative to animal-based protein sources. As awareness of the environmental impact of meat production increases, consumers are turning to plant-based proteins like hemp to reduce their ecological footprint. Food manufacturers are capitalizing on this trend by incorporating hemp protein into a wide range of products, including protein powders, bars, and smoothies. This expansion in product offerings is making hemp protein more accessible and appealing to a broader audience, thereby driving market growth.

Growing Focus on Nutritional Transparency

Consumers are increasingly demanding transparency about the nutritional content of their food, which is driving interest in hemp protein. As people become more health-conscious and seek detailed information about what they consume, they are gravitating towards ingredients with clear health benefits and minimal processing. Hemp protein stands out due to its impressive nutritional profile. It provides a well-balanced mix of protein, fiber, and healthy fats, including omega-3 and omega-6 fatty acids. Its status as a complete protein source, coupled with its natural and minimally processed form, appeals to consumers who are keen on understanding the nutritional value of their food.

This trend is reflected in the growing number of health brands and food manufacturers that highlight hemp protein's benefits on their labels and marketing materials. By emphasizing its nutritional advantages and natural origins, these companies cater to the demand for transparency and authenticity in food products. Moreover, the rise of digital platforms and social media has amplified the visibility of nutritional information, making it easier for consumers to access and share knowledge about hemp protein. This increased awareness and demand for transparency are likely to continue driving growth in the hemp protein market.

Expansion of Hemp Protein in Functional Foods and Beverages

The hemp protein market is also witnessing growth due to its increasing incorporation into functional foods and beverages. Consumers are seeking products that not only provide basic nutrition but also offer additional health benefits, and hemp protein fits this demand perfectly. Functional foods are designed to offer benefits beyond basic nutrition, such as improved digestive health, enhanced immunity, and better muscle recovery. Hemp protein is being added to a variety of functional foods, including protein bars, shakes, and meal replacements, because of its high protein content, fiber, and essential fatty acids.

The versatility of hemp protein makes it suitable for a wide range of applications. Its mild, nutty flavor allows it to blend seamlessly into different products without overpowering other ingredients. As a result, manufacturers are innovating and developing new hemp protein-based products to meet consumer demands for both convenience and enhanced health benefits. In addition, the growth of the sports nutrition market has further fueled the demand for hemp protein. Athletes and fitness enthusiasts are increasingly looking for plant-based protein sources that support muscle repair and recovery. Hemp protein’s complete amino acid profile and rich nutrient content make it an attractive option for this segment.

Segmental Insights

Application Insights

Functional foods hold a dominant position in the global hemp protein market due to their growing appeal among health-conscious consumers. These foods are designed to provide additional health benefits beyond basic nutrition, such as improved digestion, enhanced immunity, and better muscle recovery. Hemp protein is highly valued in this segment for its rich nutritional profile, including a complete amino acid profile, essential fatty acids, and fiber. Its versatility makes it an ideal ingredient for a range of functional products, from protein bars and shakes to meal replacements. As consumers increasingly seek products that support overall well-being and offer specific health benefits, the demand for hemp protein in functional foods continues to rise. This trend is driven by a broader shift towards personalized nutrition and functional health solutions, solidifying hemp protein's prominent role in the market.


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Regional Insights

North America holds a prominent share of the global hemp protein market, driven by a combination of factors including rising consumer awareness, health trends, and favorable regulatory environments. In the United States and Canada, there is a growing demand for plant-based and functional foods, which has significantly boosted the popularity of hemp protein. This trend is largely fueled by increasing health consciousness among consumers who are seeking high-quality, sustainable protein sources.

The regulatory landscape in North America has also played a crucial role in market growth. In recent years, the legalization of hemp cultivation and the removal of restrictive regulations have facilitated easier access to hemp-derived products. This has allowed manufacturers to innovate and expand their product lines, incorporating hemp protein into various food and beverage products such as protein bars, shakes, and dietary supplements.

xAdditionally, North American consumers are increasingly focused on sustainability and eco-friendly practices, which align with hemp protein's environmental benefits. Hemp cultivation requires fewer resources compared to traditional agriculture, making it an attractive option for those concerned about reducing their ecological footprint. As a result, North America continues to be a leading market for hemp protein, characterized by strong consumer demand and supportive regulatory conditions.

Recent Developments

  • In 2024, Manitoba Harvest, a global company in hemp foods and a subsidiary of Tilray Brands, Inc. is teaming up with Bioactives company Brightseed to transform the functional fiber market with their innovative product: Manitoba Harvest Bioactive Fiber. This advanced fiber solution, enhanced by Brightseed Bio Gut Fiber, is now exclusively available at Whole Foods Market locations.
  • In 2024, Burcon NutraScience Corporation, a plant-based protein technology for foods and beverages, and HPS Food and Ingredients Inc. have announced a major milestone in their collaboration: the commercialization of the world’s first high-purity hemp protein isolate. The companies have made their initial commercial sales of hemp protein, entering a rapidly expanding multi-billion-dollar market. Utilizing Burcon’s efficient, capital-light strategy, the company is introducing its premium hemp protein to the market, aiming to generate recurring revenue from ingredient sales. By establishing commercial capabilities and scaling production, Burcon has developed an effective route-to-market that enhances its influence and speed in protein manufacturing. In response to higher-than-expected customer interest, Burcon is increasing production to meet the rising demand.
  • In 2024, Suja Organic, a brand in cold-pressed, organic beverages in the U.S., has introduced Suja Organic Protein Shakes, a new line of premium ready-to-drink (RTD) protein drinks. Each shake contains 16 grams of plant-based protein from pea, rice, and hemp, providing clear and convenient nutrition from natural sources. The new product is available in three flavors: Vanilla Cinnamon, Chocolate, and Coffee Bean. This launch represents Suja Organic’s entry into the rapidly expanding RTD protein market.

Key Market Players

  • Axiom Foods, Inc. 
  • ETChem 
  • Green Source Organics 
  • GFR Ingredients Inc. 
  • Foodcom S.A.  
  • Bioway Organic Group Limited 
  • Tilray Brands, Inc.
  • Sunwarrior LLC
  • India Hemp & Co.
  • Navitas LLC (Navitas Organics)

By Source

By Application

By Region
  • Organic
  • Conventional
  • Functional Food
  • Functional Beverage
  • Dietary Supplements
  • Pharmaceuticals
  • Personal Care
  • Other Industrial Uses
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the global Hemp Protein Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  •  Hemp Protein Market, By Source:

o   Organic

o   Conventional         

  •         Hemp Protein Market, By Application:

o   Functional Food

o   Functional Beverage

o   Dietary Supplements

o   Pharmaceuticals

o   Personal Care

o   Other Industrial Uses

  •          Hemp Protein Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global Hemp Protein Market.

Available Customizations:

Global Hemp Protein Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Hemp Protein Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Brand Awareness

5.    Global Hemp Protein Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Source Market Share Analysis (Organic and Conventional)

5.2.2.  By Application Market Share Analysis (Functional Food, Functional Beverage, Dietary Supplements, Pharmaceuticals, Personal Care, and Other Industrial Uses)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        Europe Market Share Analysis

5.2.3.3.        Asia-Pacific Market Share Analysis

5.2.3.4.        Middle East & Africa Market Share Analysis

5.2.3.5.        South America Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Hemp Protein Market Mapping & Opportunity Assessment

5.3.1.    By Source Market Mapping & Opportunity Assessment

5.3.2.    By Application Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    North America Hemp Protein Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Source Market Share Analysis

6.2.2.    By Application Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        United States Hemp Protein Market Outlook

6.2.3.1.1.           Market Size & Forecast

6.2.3.1.1.1.               By Value

6.2.3.1.2.           Market Share & Forecast

6.2.3.1.2.1.               By Source Market Share Analysis

6.2.3.1.2.2.               By Application Market Share Analysis

6.2.3.2.        Canada Hemp Protein Market Outlook

6.2.3.2.1.           Market Size & Forecast

6.2.3.2.1.1.               By Value

6.2.3.2.2.           Market Share & Forecast

6.2.3.2.2.1.               By Source Market Share Analysis

6.2.3.2.2.2.               By Application Market Share Analysis

6.2.3.3.        Mexico Hemp Protein Market Outlook

6.2.3.3.1.           Market Size & Forecast

6.2.3.3.1.1.               By Value

6.2.3.3.2.           Market Share & Forecast

6.2.3.3.2.1.               By Source Market Share Analysis

6.2.3.3.2.2.               By Application Market Share Analysis

7.    Europe Hemp Protein Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Source Market Share Analysis

7.2.2.    By Application Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        France Hemp Protein Market Outlook

7.2.3.1.1.           Market Size & Forecast

7.2.3.1.1.1.               By Value

7.2.3.1.2.           Market Share & Forecast

7.2.3.1.2.1.               By Source Market Share Analysis

7.2.3.1.2.2.               By Application Market Share Analysis

7.2.3.2.        Germany Hemp Protein Market Outlook

7.2.3.2.1.           Market Size & Forecast

7.2.3.2.1.1.               By Value

7.2.3.2.2.           Market Share & Forecast

7.2.3.2.2.1.               By Source Market Share Analysis

7.2.3.2.2.2.               By Application Market Share Analysis

7.2.3.3.        Spain Hemp Protein Market Outlook

7.2.3.3.1.           Market Size & Forecast

7.2.3.3.1.1.               By Value

7.2.3.3.2.           Market Share & Forecast

7.2.3.3.2.1.               By Source Market Share Analysis

7.2.3.3.2.2.               By Application Market Share Analysis

7.2.3.4.        Italy Hemp Protein Market Outlook

7.2.3.4.1.           Market Size & Forecast

7.2.3.4.1.1.               By Value

7.2.3.4.2.           Market Share & Forecast

7.2.3.4.2.1.               By Source Market Share Analysis

7.2.3.4.2.2.               By Application Market Share Analysis

7.2.3.5.        United Kingdom Hemp Protein Market Outlook

7.2.3.5.1.           Market Size & Forecast

7.2.3.5.1.1.               By Value

7.2.3.5.2.           Market Share & Forecast

7.2.3.5.2.1.               By Source Market Share Analysis

7.2.3.5.2.2.               By Application Market Share Analysis

8.    Asia-Pacific Hemp Protein Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Source Market Share Analysis

8.2.2.    By Application Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        China Hemp Protein Market Outlook

8.2.3.1.1.           Market Size & Forecast

8.2.3.1.1.1.               By Value

8.2.3.1.2.           Market Share & Forecast

8.2.3.1.2.1.               By Source Market Share Analysis

8.2.3.1.2.2.               By Application Market Share Analysis

8.2.3.2.        Japan Hemp Protein Market Outlook

8.2.3.2.1.           Market Size & Forecast

8.2.3.2.1.1.               By Value

8.2.3.2.2.           Market Share & Forecast

8.2.3.2.2.1.               By Source Market Share Analysis

8.2.3.2.2.2.               By Application Market Share Analysis

8.2.3.3.        India Hemp Protein Market Outlook

8.2.3.3.1.           Market Size & Forecast

8.2.3.3.1.1.               By Value

8.2.3.3.2.           Market Share & Forecast

8.2.3.3.2.1.               By Source Market Share Analysis

8.2.3.3.2.2.               By Application Market Share Analysis

8.2.3.4.        Vietnam Hemp Protein Market Outlook

8.2.3.4.1.           Market Size & Forecast

8.2.3.4.1.1.               By Value

8.2.3.4.2.           Market Share & Forecast

8.2.3.4.2.1.               By Source Market Share Analysis

8.2.3.4.2.2.               By Application Market Share Analysis

8.2.3.5.        South Korea Hemp Protein Market Outlook

8.2.3.5.1.           Market Size & Forecast

8.2.3.5.1.1.               By Value

8.2.3.5.2.           Market Share & Forecast

8.2.3.5.2.1.               By Source Market Share Analysis

8.2.3.5.2.2.               By Application Market Share Analysis

9.    Middle East & Africa Hemp Protein Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Source Market Share Analysis

9.2.2.    By Application Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        South Africa Hemp Protein Market Outlook

9.2.3.1.1.           Market Size & Forecast

9.2.3.1.1.1.               By Value

9.2.3.1.2.           Market Share & Forecast

9.2.3.1.2.1.               By Source Market Share Analysis

9.2.3.1.2.2.               By Application Market Share Analysis

9.2.3.2.        Saudi Arabia Hemp Protein Market Outlook

9.2.3.2.1.           Market Size & Forecast

9.2.3.2.1.1.               By Value

9.2.3.2.2.           Market Share & Forecast

9.2.3.2.2.1.               By Source Market Share Analysis

9.2.3.2.2.2.               By Application Market Share Analysis

9.2.3.3.        UAE Hemp Protein Market Outlook

9.2.3.3.1.           Market Size & Forecast

9.2.3.3.1.1.               By Value

9.2.3.3.2.           Market Share & Forecast

9.2.3.3.2.1.               By Source Market Share Analysis

9.2.3.3.2.2.               By Application Market Share Analysis

9.2.3.4.        Turkey Hemp Protein Market Outlook

9.2.3.4.1.           Market Size & Forecast

9.2.3.4.1.1.               By Value

9.2.3.4.2.           Market Share & Forecast

9.2.3.4.2.1.               By Source Market Share Analysis

9.2.3.4.2.2.               By Application Market Share Analysis

9.2.3.5.        Kuwait Hemp Protein Market Outlook

9.2.3.5.1.           Market Size & Forecast

9.2.3.5.1.1.               By Value

9.2.3.5.2.           Market Share & Forecast

9.2.3.5.2.1.               By Source Market Share Analysis

9.2.3.5.2.2.               By Application Market Share Analysis

9.2.3.6.        Egypt Hemp Protein Market Outlook

9.2.3.6.1.           Market Size & Forecast

9.2.3.6.1.1.               By Value

9.2.3.6.2.           Market Share & Forecast

9.2.3.6.2.1.               By Source Market Share Analysis

9.2.3.6.2.2.               By Application Market Share Analysis

10. South America Hemp Protein Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Source Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     Brazil Hemp Protein Market Outlook

10.2.3.1.1.         Market Size & Forecast

10.2.3.1.1.1.            By Value

10.2.3.1.2.         Market Share & Forecast

10.2.3.1.2.1.            By Source Market Share Analysis

10.2.3.1.2.2.            By Application Market Share Analysis

10.2.3.2.     Argentina Hemp Protein Market Outlook

10.2.3.2.1.         Market Size & Forecast

10.2.3.2.1.1.            By Value

10.2.3.2.2.         Market Share & Forecast

10.2.3.2.2.1.            By Source Market Share Analysis

10.2.3.2.2.2.            By Application Market Share Analysis

10.2.3.3.     Colombia Hemp Protein Market Outlook

10.2.3.3.1.         Market Size & Forecast

10.2.3.3.1.1.            By Value

10.2.3.3.2.         Market Share & Forecast

10.2.3.3.2.1.            By Source Market Share Analysis

10.2.3.3.2.2.            By Application Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Impact of COVID-19 on Global Hemp Protein Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Axiom Foods, Inc.

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. . ETChem

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Green Source Organics

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. GFR Ingredients Inc.

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Foodcom S.A.

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Bioway Organic Group Limited

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Tilray Brands, Inc.

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Sunwarrior LLC

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9.   India Hemp & Co.

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Navitas LLC (Navitas Organics)

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Source

15.3.             Target Application

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Hemp Protein Market size is USD 65.71 million in 2023.

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Major trends in the hemp protein market include rising plant-based diet adoption, growing awareness of health benefits, and expansion into functional foods and beverages, driven by consumer demand for sustainability and nutrition.

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North America occupied a significant share of the global hemp protein market, fueled by key factors such as increasing consumer awareness, health-conscious trends, and supportive regulatory frameworks. In both the United States and Canada, the rising demand for plant-based and functional foods has notably enhanced the adoption of hemp protein.

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Rising Health Consciousness and Economic Conditions, Growing Veganism Trend are the major driver in Hemp Protein Market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Hemp Protein Market to Grow with a CAGR of 4.76% through 2029

Nov, 2024

The hemp protein market is driven by rising health consciousness, demand for plant-based proteins, increasing vegan and vegetarian diets, and hemp’s sustainability.

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