Hemp Based Foods Market Report 2025

This Hemp Based Foods market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The hemp based foods market size has grown strongly in recent years. It will grow from $5.94 billion in 2024 to $6.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to legalization of hemp cultivation and use in some regions, increase in consumer demand for plant-based and natural products, growth in awareness of hemp's nutritional benefits, expansion of health and wellness trends, rise in popularity of hemp seeds and oil in culinary applications.

The hemp based foods market size is expected to see strong growth in the next few years. It will grow to $9.08 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to regulatory support for hemp-based foods and ingredients, growing market penetration in emerging economies, consumer interest in sustainable and environmentally-friendly products, increasing applications in functional foods and nutraceuticals, rising consumer awareness of hemp's potential health benefits. Major trends in the forecast period include technological advancements in hemp processing, innovation in hemp-based product formulations (e.g, snacks, beverages), cbd-infused hemp products, hemp-based dairy alternatives, gluten-free and allergen-friendly options.

The increasing vegan population is propelling the growth of the hemp-based food market. Vegans are individuals who avoid all animal products, including leather, as well as foods such as meat, dairy, eggs, and honey, and, whenever possible, products that have undergone animal testing. Factors such as health, weight management, animal welfare, and environmental concerns contribute to the shift toward a vegan diet. Hemp serves as a high-quality vegan protein source, containing all nine essential amino acids, along with fiber, healthy fats, and minerals. For example, in April 2024, a report from Finder, a US-based personal finance comparison site, indicated that approximately 2.5 million people in the UK are vegan, representing 4.7% of the population, an increase from 1.4 million vegans (2.5%) in 2023. This reflects a growth of 1.1 million vegans in the UK from 2023 to 2024. Thus, the rising vegan population is driving the expansion of the hemp-based foods market.

The rising prevalence of celiac disease is anticipated to drive the growth of the hemp-based foods market in the future. Celiac disease is a chronic autoimmune disorder affecting the small intestine, characterized by an abnormal immune response to gluten, a protein present in wheat, barley, and rye. Hemp-based foods offer a gluten-free, nutrient-dense option that is high in plant-based protein, provides a balance of omega-3 and omega-6 fatty acids, and serves as a good source of dietary fiber for individuals with celiac disease. For example, in November 2022, a report from Very Well Health, a US-based health and wellness website, indicated that approximately 1 in 133 people is affected by celiac disease, which translates to about 2 million individuals, or 1% of the overall population. Thus, the increasing prevalence of celiac disease is fueling the growth of the hemp-based foods market.

A key trend in the hemp-based food market is the formation of strategic partnerships. Major companies are collaborating with hemp-based food manufacturers to expand market reach and capitalize on combined resources. For instance, in July 2022, Victory Hemp Foods partnered with Applied Foods Sciences (AFS) to enhance sales and marketing for its proprietary hemp ingredients, V-70TM Hemp Heart Protein and V-ONETM Hemp Heart Oil. This collaboration aims to broaden the range of products incorporating hemp grain as an ingredient. Similarly, in July 2023, Burcon NutraScience Corporation partnered with HPS Food and Ingredients Inc. to tap into the growing hempseed protein market. This strategic alliance aims to introduce a new category of protein ingredients based on hempseed, targeting untapped markets. HPS Food and Ingredients Inc. is a US-based company specializing in food and ingredients.

Major players in the hemp-based foods market are actively investing in innovative products, with a particular focus on offerings like hemp-based peanut butter to drive market revenues. Hemp-based peanut butter is a unique nut butter that combines the familiar nutty flavor and creamy texture of traditional peanut butter with the addition of hemp seeds or hemp seed oil. In a notable example, Gaia’s Farming Co., a UK-based biotechnology company, launched hemp-based peanut butter in March 2023. This product not only offers a nutty twist to various dishes such as toast, pancakes, stir-fries, and overnight oats but also serves as an excellent source of plant-based protein and omega-3 fatty acids. Notably, these hemp-based peanut butter spreads are crafted without the inclusion of added salts and palm oil.

In July 2024, Fresh Hemp Foods Ltd., a Canadian manufacturer and supplier of hemp ingredients, acquired The Humble Seed for an undisclosed amount. This acquisition allows Fresh Hemp Foods to enhance its product offerings and expand its market presence while emphasizing the nutritional benefits of hemp and seed-based foods. Their goal is to promote healthier dietary choices for consumers. The Humble Seed is a US-based producer of hemp-based foods.

Major companies operating in the hemp based foods market include Nutiva Inc., Compass Group Management LLC, Canopy Growth Corporation, Hempco Inc., Terra Tech Corp., Manitoba Harvest, Braham Murray, Liaoning Qiaopai Biotech Co. Ltd., Canah International SRL, GIGO Food, Just Hemp Foods, North American Hemp Grain Co., Yunnan Hua Fang Industrial Hemp Co. Ltd., GFR Ingredients Inc., Naturally Splendid Enterprises Ltd., Navitas Organics, Yishutang, Hemp Foods Australia Pty Ltd., Elixinol Wellness Limited, Canada Hemp Foods Ltd., Mettrum Originals, The Hemp Corporation Pty Ltd., Fresh Hemp Foods Ltd., Laguna Blends Inc., Ecofibre Limited, Beyond Meat, Impossible Foods Inc., Good Hemp Inc.

North America was the largest region in the hemp based food market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp based food market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hemp based food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Hemp-based foods are food products derived from the hemp plant, specifically its seeds, which contain all the essential amino acids required by the human body. Commonly, hemp seeds and oils are utilized to create a variety of food items, including hemp milk, hemp oil, substitutes for cheese made from hemp, and hemp-based protein powder.

The primary products in the category of hemp-based foods include hemp seed oil, hemp protein powder, whole hemp seeds, and hulled hemp seeds. Hemp seed oil, with its distinctive nutritional profile featuring omega fatty acids and gamma-linolenic acid, is suitable for cooking and is often used as an ingredient in cosmetics. The oil is obtained by pressing the seeds of hemp plants and is known for its therapeutic properties due to its high antioxidant content. These hemp-based food products are typically distributed through supermarkets and convenience stores, offering consumers a range of nutritional options and culinary choices.

The hemp-based food market research report is one of a series of new reports that provides hemp-based food market statistics, including hemp-based food industry global market size, regional shares, competitors with a hemp-based food market share, detailed hemp-based food market segments, market trends and opportunities, and any further data you may need to thrive in the hemp-based food industry. This hemp-based food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hemp-based foods market consists of sales of hemp milk and hemp based cheese substitutes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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