Hemp Juice Market is Booming Globally with CAGR of 8.4% during period 2018-2025
Zion Market Research has published a new report titled “Hemp Juice Market by Nature (Organic and Conventional), by Form (Powder and Liquid), by End-Use (Household and Commercial), and by Distribution Channel (Direct Sales and Indirect Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global hemp juice market was approximately USD 216 million in 2018 and is expected to generate around USD 380 million by 2025, at a CAGR of around 8.4% between 2019 and 2025.
Hemp juice consumption positively affects one’s health, owing to its functional nature. It consists of a wide range of essential nutrients along with a high amount of cannabidiol acid, which is an important amino acid consisting of strong anti-oxidants that helps to improve and restore a healthy balance in the human body. Hemp juice is basically used as a healthy and refreshing beverage and is used to make unique and appealing dishes. Hemp juice consumption does not cause any side effects. These hemp juice benefits are expected to drive the hemp juice market growth over the forecasted time period. Increasing levels of stress and growing speed of modern life have led the human body to need more revitalization and energy, which is expected to drive the global hemp juice market growth over the forecast timeframe. Other hemp juice benefits include a stronger immune system, owing to the presence of anti-oxidants, increased energy levels, and enhanced overall health. This is expected to further drive the hemp juice market in the years ahead.
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Based on nature, the hemp juice market includes organic and conventional. The organic segment accounted for a significant market share in 2018, as organic hemp juice is effective that has high nutritional value.
Based on form, the market is bifurcated into powder and liquid. Hemp juice powder is predicted to grow substantially over the forecasted timeline, as the powder addresses the absorption problem of cannabidiol (CBD). Hemp juice powder is water-soluble, thus it is soluble in the digestive tract. This powder can also be used as capsules and ingested as a dietary supplement.
By end-use, the market is fragmented into household and commercial (pharmaceutical, cosmetics, personal care, and others). The commercial segment contributed a major revenue share in 2018, due to the increasing hemp juice demand across various sectors, such as pharmaceutical, cosmetics, etc.
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The distribution channel segment of the hemp juice market is categorized into direct sales and indirect sales. The indirect sales segment further includes hypermarket/supermarket, specialty stores, online retailers, and others. The indirect sales segment accounted for a significant market share in 2018, due to the easy availability of hemp juice in hypermarkets and specialty stores, which enabled an increased number of consumers to buy the product.
In 2018, North America accounted for a significant share of the global hemp juice market. This regional growth can be attributed to the increasing purchase of hemp juice and rising health-conscious population base. Asia Pacific is predicted to register the highest CAGR over the forecast time period, owing to the rising popularity of hemp juice health benefits across the region.
Some major players operating in the global hemp juice market include Blue Moon Hemp, Cloud 9 Hemp, HANOJU Deutschland, Sana Hemp Juice, Hemp CBD, Portland Juice, and Palmetto Harmony Limited.
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This report segments the global hemp juice market into:
Global Hemp Juice Market: Nature Analysis
Global Hemp Juice Market: Form Analysis
Global Hemp Juice Market: End-Use Analysis
- Personal Care
Global Hemp Juice Market: Distribution Channel Analysis
- Direct Sales
- Indirect Sales
- Specialty Stores
- Online Retailers
Global Hemp Juice Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific