The Asia Pacific Hemp Milk Market would witness market growth of 15.9% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 12,794.9 tonnes, showcasing a growth of 19.4% (2020-2023).
In the hemp milk market, Conventional refers to a source where the hemp used is grown using standard agricultural practices without the specific restrictions or certifications required for organic farming. Conventional hemp cultivation typically involves the use of synthetic fertilizers, pesticides, and herbicides to maximize yield and minimize production costs. This approach allows manufacturers to offer hemp milk at more affordable prices compared to organic alternatives, making it accessible to a broader consumer base. Thus, the China market is expected to utilize 4,755.8 tonnes of conventional hemp milk by the year 2031.
The China market dominated the Asia Pacific Hemp Milk Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $85.6 million by 2031, growing at a CAGR of 14 % during the forecast period. The Japan market is registering a CAGR of 15.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 16.9% during (2024 - 2031).
Hemp milk contains essential fatty acids, including omega-3 and omega-6, and high-quality plant-based protein, vitamins, and minerals. It serves as a nutritious beverage for health-conscious consumers, vegans, and individuals with lactose intolerance or dairy allergies.
Additionally, with its slightly nutty flavor and creamy texture, hemp milk is a versatile ingredient in culinary applications. It can be used in smoothies, coffee, tea, baked goods, soups, and sauces, offering a dairy-free alternative that does not compromise taste or texture.
The dietary trends in Australia and the economic growth in India are significantly impacting the hemp milk market, creating opportunities for its expansion in both regions. In Australia, the growing shift towards vegetarian and plant-based diets drives the demand for hemp milk. According to Vegan Australia, approximately 2.5 million Australians adhere to entirely or predominantly vegetarian diets, and nearly 10 million Australians are consciously reducing their consumption of red meat. This substantial move towards plant-based eating habits highlights a market ripe for dairy alternatives.
Free Valuable Insights: The Global Hemp Milk Market is Predict to reach USD 1.5 Billion by 2031, at a CAGR of 15.1%
Based on Source, the market is segmented into Organic and Conventional. Based on Type, the market is segmented into Sweetened and Unsweetened. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Stores, Online Retail, and Other Distribution Channels. Based on Packaging, the market is segmented into Cartons, Bottle, and Other Packaging. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Source (Volume, Tonnes, USD Billion, 2020-2031)
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
![Europe Hemp Milk Market Size, Share, Forecast Report [2031]](https://www.kbvresearch.com/upload/cover/europe-hemp-milk-market.jpg "Europe Hemp Milk Market Size, Share, Forecast Report [2031]")
Unique Offerings 