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Global Hemp-Based Foods Market to Grow at a CAGR of 20.3% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Hemp-Based Foods Market 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 09/20/2016 -- Report forecast the global hemp-based foods market to grow at a CAGR of 20.3% during the period 2016-2020.

Hemp is a sustainable crop, which is seeded toward the end of May or during early June. The hemp plants are grown close together and possess large and broad leaves. The harvesting of hemp begins around 120 days after seeding. Scientists believe that humans have been cultivating hemp for over ten thousand years, owing to its nutritional, medicinal, and industrial properties. As a crop, hemp is known to be one of humanity's first domesticated crops. Over the years, hemp-based foods have emerged as "superfoods" in the health and wellness food category in North American and European markets.

The report covers the present scenario and the growth prospects of the global hemp-based foods market for 2016-2020. The report analyzes the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.

The market is divided into the following segments based on geography:
- Europe
- North America
- ROW

According to the report, emergence of hemp as a superfood will be a key driver for market growth. Hemp is free from allergens, gluten, genetically modified organism (GMO), lactose, soy, phytoestrogen, and pesticides. Hemp, as an ingredient, is now being used in nutrition bars, tortilla chips, pretzels, beer, salad dressings, cheese, and ice cream. The market potential for hemp-based foods emerging as superfoods is based on its blending capacity in terms of taste and functionality with other common food ingredients.

Further, the report states that low awareness rate will be a challenge for the market. The lack of awareness among consumers globally about the health benefits of hemp as an ingredient restricts its use in various food and beverages by the manufacturers. The major reason for the low rate of awareness is the lack of adequate scientific evidence to prove the benefits of these ingredients, which in turn restricts the marketing initiatives of the manufacturers. As a result, most manufacturers shy away from using hemp as an ingredient in their food products.

Global Hemp-Based Foods Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global hemp-based foods market: Hempco, Manitoba Harvest Hemp Foods, Mettrum Originals, and Naturally Splendid.

Other Prominent Vendors in the market are: Braham and Murray, Canada Hemp Foods, Elixinol, Healthy Brands Collective, Hemp Foods Australia, Laguna Blends, Nutiva, and The Cool Hemp Company.

Key vendors
- Hempco
- Manitoba Harvest
- Mettrum Originals
- Naturally Splendid

Other prominent vendors
- Braham and Murray
- Canada Hemp Foods
- Elixinol
- Healthy Brands Collective
- Hemp Foods Australia
- Laguna Blends
- Nutiva
- The Cool Hemp Company

Market driver
- Emergence of hemp as a superfood
- For a full, detailed list, view our report

Market challenge
- Stringent government regulations regarding cultivation and human consumption of hemp
- For a full, detailed list, view our report

Market trend
- Rise in demand for hemp-based foods from APAC
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 40 Exhibit "Global Hemp-Based Foods Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type of ingredient, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Product innovation, Competitor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-hemp-based-foods-market-2016-2020

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