Hemp, Inc. says hemp-based food market set to reach $8.36B by 2028

Hemp is to report that the global hemp-based foods market is showing strong indicators of growth, 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 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 of 8.9%, the market is anticipated to burgeon from its current standing to an impressive $8.36 billion by 2028. This surge is attributed primarily to the expanding vegan population across the globe. Anyway, TBRC’s analysis provides an excellent in-depth look at the hemp-based foods market, breaking it down into critical segments: Products: Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seeds; Distribution Channels: Supermarket Stores, Convenience Stores; Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa.