Hemp-based foods are very popular around the world because hemp is a good source of magnesium, vitamins, minerals and fiber, zinc, and iron. In addition, cannabis-based foods are preferred by most people because they are easily digested and do not contain allergens, lactose, gluten, genetically modified pesticides, organisms, and phytoestrogens. Raising health awareness and the popularity of various hemp-foods in the world are other factors that are likely to contribute to the growth of the global market. In addition, there is an increasing worldwide consumption of cannabis oil, cannabis seeds and protein-rich foods and awareness of the various benefits of hemp-based foods such as vitamins, fibers, minerals and easily digestible foods. This leads to an increase in demand for the target product and is likely to stimulate growth in the global hemp-based food market.
Zesty Paws launched another line of functional pet supplements, this time with CBD as the main functional ingredient. Zesty Paws has partnered with CBDistillery ™ to create a new line of Hemp Elements Plus using premium cannabis extract ingredients from a CBD distributor in three areas of animal health and welfare that are immune system support, mobility, and behavior.
The global hemp-based food market is broadly diversified based on the product, distribution channels, and regions. Based on product, the global market is bifurcated into whole hemp seed, hemp protein powder, hemp seed oil, hulled hemp seed, and others. The global hemp-based food market is also categorized based on different distributional channels such as hypermarket stores, supermarket stores, convenience stores, and others.
The global hemp-based food market is broadly categorized based on regional markets. This include some of the leading regions such as Asia Pacific, North America, Europe, Latin America, and The Middle East & Africa. North America held the leading position in the global market owing to increased consumer preference for healthy foods without allergens. This trend was also followed by Europe and Asia-Pacific. Its gluten-free properties have forced many gluten-sensitive consumers to change their attitudes towards these products. Asia-Pacific is a very attractive market due to the Western eating habits of people in this region. Latin America is a potential market whose participation is expected to increase during the forecast period.
Some of the leading players in the global hemp-based food market are Manitoba Harvest, Agropro, Nutiva, Hempco, The Cool Hemp Company, Canada Hemp Foods, Healthy Brands Collective, Braham & Murray, Elixinol, Laguna Blends, Hemp Foods Australia, Jinzhou Qiaopai Biotech, and Mettrum Originals among others.
