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The hemp-based foods market size is forecast to increase by USD 6.91 billion at a CAGR of 16.41% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The rising vegan population and the increasing number of individuals diagnosed with celiac disease are fueling the demand for hemp-based alternatives to traditional animal-derived and gluten-containing foods. Additionally, health awareness is on the rise, leading consumers to seek out natural, organic options for managing sedentary lifestyles and chronic medical conditions such as insulin resistance, stress, heart function, and joint health. Hemp seeds offer a rich source of essential nutrients, including protein, omega-3 and omega-6 fatty acids, and fiber. Market trends include the development of hemp seed-based sauces, shakes, and other innovative food products. However, challenges such as the use of genetically modified organisms and pesticides in hemp cultivation may hinder market growth, as consumers increasingly demand organic and sustainably produced foods. Natural disasters and adverse weather conditions also pose risks to hemp farmers and suppliers, potentially impacting market supply and prices.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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