The global hemp milk market is estimated to record a CAGR of 14.28% from 2019 to 2027. The global market is expected to generate a value of $641.27 million by 2027 in terms of revenue. The rising vegan population worldwide accompanied by other factors drive the growth of hemp milk market.
Geographically, the global hemp milk market comprises of several regions such as Europe, Asia Pacific, North America, along with Rest of World segment.North America dominates the market and captured a large market share in terms of revenue in 2018.
The factors like government policies, increasing public awareness, along with rising demand for hemp-based products, contribute to the growth of hemp milk market in this region.
The renowned players operating in the global hemp milk market include Living Harvest Foods Inc., Ecomil, Hudson River Foods, Drink Daily Greens LLC, Good Hemp Food, Organic Hemp Milk Australia, Pacific Foods of Oregon Inc., Goodmylk Co., and MaMilk.