The Asia Pacific hemp milk market is estimated to register a CAGR of 15.70% between 2019 and 2027. In terms of revenue, the Asia Pacific market amounted for $XX million in 2018 and is projected to contribute $XX million by the end of the forecast period. The changing consumer patterns, along with rapid urbanization in the region, is driving the growth of hemp milk market at a significant pace.
The hemp milk market in the Asia Pacific is studied over emerging economies like India, Australia, Japan, China, and South Korea, together with Rest of Asia Pacific region. The rising demand for plant-based foods in the wellness domain is providing an opportunistic market for hemp milk. Consumers in India are looking for non-GMO products that are high in protein without artificial ingredients. Vegan milk is also gaining popularity in the Indian markets, in turn, showcasing market opportunities for hemp milk. However, the high cost levied on hemp-based products, and growing incidences of hemp allergy are restraining the market growth.
Few of the notable companies providing hemp milk in the market are Living Harvest Foods Inc., Drink Daily Greens LLC, Triballat Noyal, and Ecomil, among others. The market has the presence of both large and new players providing products with different flavors and category.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments