Close Menu
  • Home
  • News
  • Lifestyle
  • Law
  • Business
  • Education

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Australian Publishers Face Legal Action for Cannabis Advertisements

June 20, 2025

Hemp Companies Sue Maryland Over Cannabis Licensing

June 19, 2025

Missouri Hemp Groups Seek to Deregulate Cannabis via Ballot Initiative

June 19, 2025
Facebook X (Twitter) Instagram
Monday, June 23
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram LinkedIn VKontakte
Smoke Professional
  • Home
  • News

    More Than 1,000 Arrested in Sweep of U.K. Weed Grows

    July 8, 2023

    Scotland Calls On UK To End ‘Failed’ Drug War With Decriminalization And Harm Reduction Approach

    July 8, 2023

    Germany’s draft law for first phase of cannabis reform

    July 8, 2023

    High Times Cannabis Cup Illinois: People’s Choice Edition 2023 Kicks Off

    July 8, 2023

    Pennsylvania Committee Advances Expansion to State Medical Cannabis Program

    July 7, 2023
  • Lifestyle

    How Watching the News Can Trigger Anxiety and Panic Attacks

    October 28, 2024

    Record High Cannabis and Hallucinogen Use Among Adults

    October 27, 2024

    Weekend Sleep Catch-Up May Lower Heart Disease Risk by 20%

    October 27, 2024

    Energy Drinks Linked to Poor Sleep Quality and Insomnia

    October 26, 2024

    First Psychedelic Church for Magic Mushrooms

    October 26, 2024
  • Law

    Republican Lawmakers Kill Cannabis Legalization Provisions in Wisconsin Gov’s Budget Proposal

    June 16, 2025

    Pennsylvania Senate Committee Rejects Adult-Use Legalization Bill

    June 15, 2025

    Results from Swiss Cannabis Pilot Program Suggest Legalization Reduces Problematic Cannabis Use

    June 14, 2025

    Study: Cannabis Use Among Older Adults Higher Than Ever

    June 13, 2025

    North Carolina Gov. Creates Advisory Council to Explore Cannabis Reforms

    June 12, 2025
  • Business

    Australian Publishers Face Legal Action for Cannabis Advertisements

    June 20, 2025

    Hemp Companies Sue Maryland Over Cannabis Licensing

    June 19, 2025

    Missouri Hemp Groups Seek to Deregulate Cannabis via Ballot Initiative

    June 19, 2025

    Maine Credit Union Dropping Medical Cannabis Caregiver Accounts

    June 18, 2025

    HIGH TIMES RETURNS: The Counterculture Giant Reclaims Its Roots

    June 17, 2025
  • Education

    CBD and the Aging Population—What Science Says Today

    March 12, 2025

    Wholesale Nootropic Skincare: Boost Your Product Line

    March 10, 2025

    Ideal for Your Business Needs

    March 8, 2025

    A Must-have For Every Smoke Shop

    March 3, 2025

    The Perfect Addition to Your Product Line

    March 1, 2025
Smoke Professional
You are at:Home»Lifestyle»Hemp-Based Food Market to Soar to Over $8B by 2029, Report Forecasts
Lifestyle

Hemp-Based Food Market to Soar to Over $8B by 2029, Report Forecasts

adminBy adminMay 10, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Thanks to the rise in gluten-free and plant-based food products popularity, as well as hemp-based protein powders, hemp as a food source is growing rapidly and is projected to continue its path. The hemp-based food market size is expected to reach nearly $8.09 billion USD by 2029 with a compound annual growth rate (CAGR) of 6.9% during the forecast period.

According to a May 9 press release, Maximize Market Research forecast significant growth in the hemp-based food sector.

“The study methodology used a mix of primary and secondary research techniques to compile market data,” the report reads. “The primary research techniques, such as questionnaires, interviews, and market observations, would have given the researchers access to first-hand market data, which is usually beneficial. The researchers might have gathered background knowledge and market data by using secondary research techniques including industry studies, business websites, and news articles.”

Hemp-based food market was segmented  by product type: hemp seed oil, hemp protein powder, whole hemp seed, hulled hemp seed (hemp hearts), or others. While the seeds are the main driver of the hemp-based food industry, people have also fried fan leaves and made other snacks out of hemp. 

“The study examines the hemp-based food market through a market-focused and commercial analysis that takes into account the market’s revenue, financial situation, portfolio, technical advancements, and mergers and acquisitions. This strategy aids in giving a complete picture of the market, which stakeholders, investors, and market participants may use to create investment strategies and marketing strategies.

Hemp-based foods are celebrated for their nutritional “completeness.” Hemp’s nutritional profile shows that it’s rich in omega fatty acids and gamma-linolenic acid. Even without THC, hemp is believed to have therapeutic properties, such as its antioxidant properties, making hemp-based foods an attractive option for health-conscious consumers. Hemp is a complete protein, containing all nine essential amino acids that people need from food.

The report lists hemp-based food market key players:

  • Manitoba Harvest
  • Hemp Oil Canada
  • Braham Murray
  • Jinzhou Qiaopai Biotech
  • Canah International
  • GIGO Food
  • Just Hemp Foods
  • North American Hemp Grain Co.
  • Yunnan Industrial Hemp
  • Nutiva
  • Hempco
  • Agropro

Aligning With Similar Projections

Researchers reported last February that the global hemp-based foods market is soaring, fueled by the rising vegan population, advancements in processing technology, and the increasing number of health-conscious consumers seeking plant-based and gluten-free alternatives. The hemp-based foods market is set to reach $8.36 billion by 2028 according to The Business Research Company’s (TBRC) latest report, “Hemp Based Foods Global Market Report 2024”.

The report unveils a comprehensive overview of the hemp-based foods sector. Projected to achieve a robust compound annual growth rate (CAGR) of 8.9%, the market is anticipated to burgeon from its current standing to an impressive $8.36 billion by 2028.

TBRC’s forecast also segmented the hemp-based food industry into similar categories such as whole and hulled hemp seed. TBRC attributes the huge rise in hemp-based foods mostly due to the “explosion” of veganism. As some people switch to a plant-based diet, hemp is a good source of high-quality protein.

Hemp food standards have been enacted in many jurisdictions due to this rise in popularity. In 2022, the European Commission, the regional body tasked with establishing cannabis regulations across the vertical for all EU members, created guidelines for the acceptable amount of THC that can be found in commercially available food products containing CBD—essentially hemp-derived food products.

There are two of them. The first, approved by the EC’s Standing Committee on Plants, Animals, Food and Feed, says that THC levels for hempseed derived oil should be no greater than 7.5mg/kg. The second is that THC levels for dry foods containing hemp, such as hemp seeds themselves as well as flour and protein powder that contain them, can be no greater than 3mg/kg. 

Meanwhile, Canada has established a 10mg/kg limit for both oils and dry foods. Switzerland has a limit that is double this at 20mg/kg for oils and 10mg/kg for dry products.

France is also, by far, the largest producer of hemp in the EU (70%), followed by the Netherlands (10%) and Austria (4%). This is also the country where the most effective legal actions at the EU level have so far taken place, and where the most heated battles about regulation of the industry have occurred. This includes the recent court battle to allow the sale of hemp flowers in the country, not just extracts.

Nearly all projects estimate that the hemp-based food industry will soar into the billions by the end of the decade, and the rise will continue as long as people take interest in vegan diets and gluten-free options.

Source link

Food Forecasts HempBased market Report Soar
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThailand Prime Minister Aims To Re-List Cannabis as Narcotic By End of 2024
Next Article Vermont House Representatives Pass Psychedelic-Assisted Therapy Working Group Bill
admin
  • Website

Related Posts

Report: Jeeter is Top Pre-Roll Brand in the U.S.

June 17, 2025

Report: U.S. Cannabis Sales Reached $30.1 Billion in 2024

May 21, 2025

Report: New York Home to 500+ Cannabis Brands

May 1, 2025

Comments are closed.

Our Picks

Australian Publishers Face Legal Action for Cannabis Advertisements

June 20, 2025

Hemp Companies Sue Maryland Over Cannabis Licensing

June 19, 2025

Missouri Hemp Groups Seek to Deregulate Cannabis via Ballot Initiative

June 19, 2025

Maine Credit Union Dropping Medical Cannabis Caregiver Accounts

June 18, 2025
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Business

Australian Publishers Face Legal Action for Cannabis Advertisements

By adminJune 20, 20250

The Australian Therapeutic Goods Administration (TGA) — the country’s agency for monitoring, assessing, and regulating…

Hemp Companies Sue Maryland Over Cannabis Licensing

June 19, 2025

Missouri Hemp Groups Seek to Deregulate Cannabis via Ballot Initiative

June 19, 2025

Maine Credit Union Dropping Medical Cannabis Caregiver Accounts

June 18, 2025

Subscribe to Updates

Get the latest creative news from Smoke Unlimited about Weed & CBD vaping.

From Our Partners
About Us
About Us

Get all the current news stories, latest trends and legislation regarding cannabidiol, products, usages and its benefits. So don’t miss out any buzz and stay tuned! We offer a minute to minute updates regarding Marijuana industry.

Facebook X (Twitter) Instagram Pinterest
Our Picks

Australian Publishers Face Legal Action for Cannabis Advertisements

June 20, 2025

Hemp Companies Sue Maryland Over Cannabis Licensing

June 19, 2025

Missouri Hemp Groups Seek to Deregulate Cannabis via Ballot Initiative

June 19, 2025
Sponsors
Copyright © 2025. SmokeProfessional
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.