In the base year 2018, the US Hemp Protein Market stood at 5.2 KT and is expected to reach xx KT by the end of 2026, growing at a significant CAGR during the forecast period. In terms of value, the US hemp protein market was US$ 207.2 Mn and is expected to reach US$ xx Mn by 2026, growing at a significant CAGR during the forecast period.
Hemp protein consists of essential fats and vitamins. In addition to these, it contains all 20 amino acids. The consumption of hemp protein is a simple, yet highly effective way to give the body a nutritious boost. Heart disease is the number one cause of death across the world and the consumption of hemp protein has shown to reduce the risk of heart disease. Additionally, it contains a high level of the amino acid arginine. Arginine is used for the production of nitric oxide. Nitric oxide is a gaseous substance that causes blood vessels in the body to expand. This, in turn, helps lower the level of blood pressure and reduce the risk of heart disease.
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Hemp products can be legally marketed in the US, as hemp has been removed from the Controlled Substances Act, as per the 2018 Farm Bill. According to the Farm Bill 2018, hemp cultivation is a legal practice in the US. Thus, in the coming years, it is projected that more production or cultivation of hemp will be observed.
In the US, the prevalence of obesity is increasing in younger and middle age groups due to their food habits and lifestyle. However, people who have concerns about their health are looking for solutions to combat obesity. Hemp protein contains less protein and more fibre, which improves the metabolic rate. Thus, increasing awareness and concerns about obesity-related diseases will drive the market.
Some individuals or people can be allergic to hemp protein, the common symptom of which is gastrointestinal disorders that may lead to loosening of stools, diarrhoea, abdominal cramping, and bloating. Around 1-4% of the population is allergic to hemp-related products. In addition to this, an excessive use of hemp protein can cause fat gain, as it contains high carbohydrates. In one of the research, it is found that hemp products inhibit platelet formation due to their high Omega-6 and Omega- 3 content.
Currently, hemp protein is available in the powdered form and can be added to products such as protein bars, beverage products, dietary supplements and various others, which can be used daily by consumers. Thus, protein can be consumed indirectly by users. For instance, HempBev 65 is developed for food and beverages applications and it contains 65% hemp protein.
The key players of the US Hemp Protein Market are, Nutiva Inc. (US), Manitoba Harvest (US), SIPP Industries Inc. (US), Green Source Organics (US), Evo Hemp (US), Bioriginal Food & Science Corp. (US), and Victory Hemp Foods (US), amongst others.
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