Introduction
The hemp protein market is a relatively new market, but it is growing rapidly. The global hemp protein market is expected to reach $1.49 billion by 2028, growing at a CAGR of 12.96% from 2021 to 2028.
The growth of the hemp protein market is being driven by a number of factors, including:
1. The rising popularity of plant-based diets
More and more people are choosing to follow plant-based diets. Hemp protein is a popular plant-based protein source.
2. The increasing awareness of the health benefits of hemp protein
Hemp protein is a complete protein. This means that it contains all nine essential amino acids. It is also a good source of dietary fiber and omega-3 fatty acids.
3. The growing availability of hemp protein products
Hemp protein products are becoming more and more widely available, both in stores and online.
The major players in the hemp protein market include:
Cantein: known for their high protein content powders with a mild flavor. Made from cold-pressed organic hemp seed.
Manitoba Harvest Hemp Foods: known for being one of the largest producers in North America.
Nutiva: one of the best known plant protein brands. They have a wide range of other products.Hemp protein products are used in a variety of applications, including:
1. Food and beverage products. Hemp protein powder can be added to smoothies, shakes, yogurt, and other food and beverage products to boost their protein content.
2. Dietary supplements. Hemp protein powder is also available as a dietary supplement.
3. Cosmetics and personal care products. Hemp protein can be used in cosmetics and personal care products, such as lotions, creams, and shampoos.
Conclusion
The hemp protein market is still in its early stages of development. But it has the potential to grow significantly in the coming years. There is growing popularity of plant-based diets and increasing awareness of the health benefits of hemp protein. There is also a growing availability of hemp protein products, which are all driving the market's growth.