Research and Markets’ report, "Global Hemp-Based Foods Market 2016-2020," covers the present scenario and the growth prospects of the global hemp-based foods market. The report analyzes the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
According to the report, emergence of hemp as a superfood will be a key driver for market growth. Hemp is free from allergens, gluten, genetically modified organism (GMO), lactose, soy, phytoestrogen, and pesticides. Hemp, as an ingredient, is now being used in nutrition bars, tortilla chips, pretzels, beer, salad dressings, cheese, and ice cream. The market potential for hemp-based foods emerging as superfoods is based on its blending capacity in terms of taste and functionality with other common food ingredients.