Europe Hemp Milk Market

Europe Hemp Milk Market Analysis:

Europe Hemp Milk Market is expected at USD xx.xx million in 2021 and is anticipated to an extent an over of USD xx.xx million by the end of the assessment period. The Europe Hemp Milk Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimated period (2022 - 2027).

Auxiliary milk is obtained from whole hemp seeds and is the best alternative to cow's milk. This milk is a good source of healthy fats, minerals, nutrients, and high-quality plant protein. The various benefits associated with hemp milk, such as preventing heart disease, improving skin health, reducing the risk of allergies, etc. Also, the different types of hemp milk available around the world, such as unsweetened, unflavored, and unflavored flavors.

Recent Developments

The Healthy Brands Collective Corporation acquired Living Harvest Foods, a hemp products company that makes a leading brand of hemp milk, Tempt. Living Harvest is the fourth acquisition by Healthy Brands Collective, an acquisition-driven company formed by Cell-Nique founders Dan and Donna Ratner. The company also owns the hibiscus soda brand Ooba, the allergy-sensitive bakery company Cherrybrook Kitchen, and the snack company Yumnuts.

Food Company Campbell's Soup has announced that it will acquire Pacific Foods, known for its stable plant-based dairy products, for $ 700 million. According to Greg Wank of business consulting firm Anchin, the deal is important to Campbell because it positions the brand to be more aligned with current food trends. This acquisition allows us to expand into faster growing spaces such as organic and functional foods. Over the past year, a growing number of major food companies have acquired plant-based brands, including the meat company Maple Leaf Foods, which bought the meat substitute company Lightlife Foods.

Market Drivers and Restraints:

The increasing preference of people for healthier food products and the high consumption of various hemp dairy products among consumers around the world are important factors that are expected to prolong the growth of the world market during the forecast period. Additionally, a growing trend of using hemp milk to make latte in various cafes in various economies, coupled with a growing demand for hemp milk latte among coffee consumers around the world. Here are some other factors that are expected to drive the growth of the target market during the forecast period. Growing awareness among people of various health benefits such as prevention of heart and skin diseases, cardiovascular diseases and others associated with hemp milk and the increasing availability of hemp dairy products in supermarkets, hypermarkets and the electronic retail sector. These are among other factors that are expected to drive global market growth. In addition, the increased consumption of hemp milk around the world, as it contains phosphorus, vitamins A, D and B12, calcium and others, is a key factor that is expected to cause the proliferation of hemp growth. World market for hemp milk. In addition, the frequent launch of advanced herbal hemp products and increasing process innovations by leading hemp milk producers worldwide is another factor that is expected to drive global market growth in the US next years. However, the easy availability of hemp milk substitutes such as cow's milk and others on the market is a key factor that is expected to limit the growth of the target market.

Market Segmentation

The Europe Hemp Milk Market can be segmented according to Variants, Product, Category, and Distribution channel. Depending on the variants it can be divided into unflavored and flavored. On the basis on Product for Europe Hemp Milk Market it can be divided into non-organic and organic. Depending on the Category it can be divided into sweetened and un-sweetened. Depending on the Distribution Channel it can be divided into offline and online.

Impact of COVID-19 on Europe Hemp Milk Market

The lockdown is expected to affect Hemp Milk industry, with logistical disruptions and restricted movement of labor. Workers migrate to their places of origin from the cities. This will have an impact on the availability of raw materials, the operations of the manufacturing facilities after possible closures, the disruption of import / export ports, and the availability of labor during the next harvest season, for example, and a slowdown in the rate at which grocery stores stock up, leading to supply, demand imbalances and increased price volatility. The lockdown will also have a significant impact on small informal businesses and lead to job losses, including daily gambling. Combined with an economic downturn, farmer / consumer incomes will undoubtedly suffer.

Regional Analysis

The market for Europe Hemp Milk has been classified on the basis of geography to offer a clear understanding of the market. The Europe Hemp Milk Market has been divided into United Kingdom, Germany, France, Italy, Spain and the rest of Europe. Europe is experiencing substantial growth in the hemp milk market due to the shift in consumer preference towards plant-based dairy substitutes. Increasing consumer demand for herbal dairy drinks has led to the wide incorporation of hemp milk into various functional beverages, which in turn is boosting their regional market. High consumption of a variety of hemp dairy products and great health concern among people in countries such as Canada, the United States, Italy, Germany, Russia, and France in these regions.

Leading Company

Hudson River Foods had the largest share of the Europe Hemp Milk Market in terms of sales revenue in 2021.

Key Players

The Europe Hemp Milk Market is concentrated with well-established players. Key players in the Europe Hemp Milk Market include Drink Daily Greens Llc, Hudson River Foods, Ecomil, Living Harvest Foods Inc, Triballat Noyal, Konoi Cremerie Vegetale, Organic Hemp Milk Australia, Good Mylk Co., Mamilk, Manitoba Harvest Hemp Foods, Good Hemp Food, And Pacific Foods of Oregon