Hemp-based
food products have gained immense popularity due to their easy
digestibility by dint of being free from gluten, allergens,
genetically modified organisms (GMO), lactose, phytoestrogen, and
pesticides. Hemp is a good source of fiber and vitamins &minerals
including magnesium, vitamin E, zinc, and iron. Consumption of
hemp-based food products aids the maintenance of a healthy digestive
system which further drives the overall market across developed
regions such as North America and Europe. Hemp seeds are a highly
nutritious source of protein and are being increasingly used in
packaged foods such as granola bars, pretzels, bread, and cereals.
The global hemp-based food market is divided by ingredients into the
protein, oil, and seed categories. Among these, hemp seeds dominated
the global market in 2015 and are expected to retain its leading
position over the forecast period. Their growing usage in various
foods such asnut butter, corn chips, and snack bars is expected to
motivate the hemp-based food products market over the forecast
period. In addition to this, hemp seeds are rich with amino acids
which made these products an ideal choice for health-conscious and
vegan consumers. Hemp-based food is emerging as the ultimate source
of protein for vegans due to its better digestibility than that of
other plant proteins. Apart from this, hemp seeds could be easily
added to baking goods or incorporated into salads or soups.
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The
hemp-based food market is geographically distributed over North
America, Europe, Asia Pacific, Middle East & Africa (MEA), and
Latin America. North America held the maximum share in this market in
2015due to a growing consumer preference for healthy food products
free of allergens. It was followed by Europe and Asia Pacific. Their
gluten-free property has propelled several gluten-sensitive consumers
to change their inclination toward these products. Asia Pacific is a
highly attractive market, owing to the adoption of Western food
habits among this region’s population. Latin America is a potential
market with its share likely to rise over the forecast period.
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