Hemp Based Foods Market Report 2026

The hemp based foods market size has grown strongly in recent years. It will grow from $6.47 billion in 2025 to $7.04 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growing consumer awareness of plant-based nutrition, expansion of health food retail channels, increased availability of hemp cultivation, rising interest in alternative protein sources, regulatory acceptance of hemp food products.

The hemp based foods market size is expected to see strong growth in the next few years. It will grow to $9.83 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand for sustainable protein sources, rising consumption of functional and fortified foods, expansion of hemp-based dairy alternatives, growing investment in plant-based food innovation, increasing penetration of hemp foods in mainstream retail. Major trends in the forecast period include increasing demand for plant-based protein alternatives, rising adoption of hemp-derived nutritional products, expansion of clean-label and organic hemp foods, growing use of hemp ingredients in functional foods, enhanced focus on nutritional density and protein content.

The growing vegan population is contributing to the expansion of the hemp-based foods market. The vegan population comprises individuals who avoid all animal-derived products, including items such as leather, as well as foods like meat, dairy, eggs, and honey, and, as far as possible, products that involve animal testing. Factors such as health benefits, weight management, animal welfare, and environmental sustainability are driving the shift toward vegan diets. Hemp contains all nine essential amino acids, along with dietary fiber, beneficial fats, and minerals, making it a high-quality source of vegan protein. For example, in April 2024, according to Finder, a US-based personal finance comparison platform, approximately 2.5 million people in the UK identified as vegan in 2024, accounting for 4.7% of the population, up from 1.4 million vegans (2.5%) in 2023. This reflects an increase of 1.1 million vegans in the UK between 2023 and 2024. Therefore, the rising vegan population is driving the growth of the hemp-based foods market.

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 are Manitoba Harvest, Nutiva Inc., Hemp Foods Australia Pty Ltd., Canada Hemp Foods Ltd., Fresh Hemp Foods Ltd., North American Hemp Grain Co., Hempco Inc., Just Hemp Foods, Good Hemp Inc., Navitas Organics, Naturally Splendid Enterprises Ltd., GFR Ingredients Inc., Laguna Blends Inc., Canah International SRL, Liaoning Qiaopai Biotech Co Ltd, Yunnan Hua Fang Industrial Hemp Co Ltd, Hemp Oil Canada Inc, Sunrise Nutrition, Bioriginal Food and Science Corp, Hemp Factory GmbH, Elixinol Foods.

North America was the largest region in the hemp based food market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the hemp based foods market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hemp based foods market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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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