Hemp-Based Foods Market Set for Strong Growth Through 2034
The global hemp-based foods market reached USD 7.09 billion in 2024 and is projected to grow from USD 7.83 billion in 2025 to an estimated USD 19.24 billion by 2034, registering a CAGR of 10.5% during the forecast period.
The market’s growth is being driven by the increasing consumer preference for vegan and plant-based diets, which are recognized for their nutritional benefits and overall wellness contribution. As awareness of sustainable and health-conscious food options rises, hemp-based products are becoming a preferred choice among health-focused consumers worldwide.
Analysts highlight that the surge in demand is also supported by innovations in hemp-based ingredients and product offerings across bakery, beverages, snacks, and dairy alternatives, positioning the market for sustained expansion in the coming decade.
The global hemp-based foods market reached USD 7.09 billion in 2024 and is projected to grow from USD 7.83 billion in 2025 to an estimated USD 19.24 billion by 2034, registering a CAGR of 10.5% during the forecast period.
The market’s growth is being driven by the increasing consumer preference for vegan and plant-based diets, which are recognized for their nutritional benefits and overall wellness contribution. As awareness of sustainable and health-conscious food options rises, hemp-based products are becoming a preferred choice among health-focused consumers worldwide.
Analysts highlight that the surge in demand is also supported by innovations in hemp-based ingredients and product offerings across bakery, beverages, snacks, and dairy alternatives, positioning the market for sustained expansion in the coming decade.
Hemp-Based Foods Market Set for Strong Growth Through 2034 The global hemp-based foods market reached USD 7.09 billion in 2024 and is projected to grow from USD 7.83 billion in 2025 to an estimated USD 19.24 billion by 2034, registering a CAGR of 10.5% during the forecast period. The market’s growth is being driven by the increasing consumer preference for vegan and plant-based diets, which are recognized for their nutritional benefits and overall wellness contribution. As awareness of sustainable and health-conscious food options rises, hemp-based products are becoming a preferred choice among health-focused consumers worldwide. Analysts highlight that the surge in demand is also supported by innovations in hemp-based ingredients and product offerings across bakery, beverages, snacks, and dairy alternatives, positioning the market for sustained expansion in the coming decade.
