The document summarizes the U.S. hemp protein market from 2016-2023. Some key points: - The market was valued at $207.2 million in 2018 and is expected to reach $434.3 million by 2023, growing at a CAGR of 16%. - Hemp protein consumption is rising due to its health benefits like reducing risk of heart disease and diabetes. - Food applications currently dominate the market, though personal care products are growing rapidly. - Increasing cultivation of hemp and health concerns around obesity are driving market growth.

1. 2016 - 2023
U.S. Hemp Protein Market
Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook

2. • Strategic insights into the hemp protein market, along with its size and estimates
for the duration from 2016 to 2023.
• Current and future market trends to justify the forthcoming attractive markets
within the hemp protein market in U.S.
• Market drivers, market challenges, and their impact on the market growth.
Report Description
Source: In For Growth

3. Market Summary
• Hemp protein is the industrial by product of hemp seeds. Hemp seeds are composed of 35 percent protein, 10 percent
carbohydrates, and 45 percent oil.
• At the same time, hemp seeds are grown without any pesticides, fungicides, and herbicides, which make them eco-friendly.
• Hemp protein may lower the risk of diabetes, heart diseases, diverticular disease, and constipation.
• The U.S. hemp protein market was valued at US$ 207.2 million in the year 2018 and is expected reach US$ 434.3 million by the year
2023, growing at a CAGR of 16.0%.
• In terms of volume the market was valued at 5.2 KT in the year 2018 and is expected to reach 10.4 KT by the year 2023, growing at
a CAGR of 14.9%.
Source: In For Growth

4. Market Snapshot
U.S. Hemp Protein Market Value
Source: In For Growth

5. Market Dynamics
Key Drivers, Restraints and Opportunities
Source: In For Growth

6. Source: grandviewresearch.com
U.S. Protein Supplements Market Size, By Product, 2014-2025 (USD Billion)
Protein Market Analysis

7. As soy is falling out of favor, other plant proteins are taking its place. Pea protein is the
number one contender. Research shows that 22% of protein powders are plant-based, and
pea protein is present in 80% of them, compared to just 12% for soy.
Plant Protein Market Comparison
Source: Lumina Intelligence

8. U.S. Pea Protein Supplements Market Size, By Product, 2014-2025 (USD Million)
“Hemp predicted to rival pea protein: Although pea protein is currently still very much the rising star, hemp is superior in several
respects. First of all, unlike pea protein, hemp yields a complete protein containing all nine essential amino acids. Hemp’s
bioavailability and digestibility are also excellent and it is unlikely to cause bloating – an issue, which proteins derived from pulses
still tend to struggle with. In addition, hemp protein is much more versatile than pea protein owing to its much more subtle,
unobtrusive flavour profile.” - Lumina Intelligence
Source: grandviewresearch.com
Pea Protein Market Size

9. U.S. Hemp Protein Market, 2016-2023 (USD Million)
Source: In For Growth
Hemp Protein Market Size

10. U.S. Hemp Protein Market By Application, 2018, (KT) (USD Million)
Hemp Protein Market By Application
Source: In For Growth

11. • Hemp protein consists of essential fats and vitamins. In addition to these, hemp protein contains all 20 amino acids.
• Hemp protein has been shown to reduce the risk of heart disease.
• Hemp protein contains a high level of the arginine. Arginine produces nitric oxide.
• Hemp protein may help to decrease cholesterol levels.
• In animal research, it is found that cholesterol absorption gets reduced due to hemp antioxidant activities in the digestive track.
• Hemp protein might help in healthy weight loss. A high protein diet may help to lower appetite and improve blood glucose
control.
• Hemp protein helps in increasing bone density. Fatty acids such as GLA and EPA added in osteoporosis diet can help increase
the bone density in the human body.
Premium Insight
Source: In For Growth

12. • Increase in health concerns such as obesity is driving the hemp protein market.
• In many cases, it is found that people on a hemp protein diet feel less hungry and more satisfied.
• Hemp protein contains less protein and more fibre, which improves the metabolic rate.
• The production of hemp protein will increase due to an increase in the cultivation of hemp.
• There are vast opportunities for hemp protein manufactures, as the consumption of protein-related products is
increasing in the US.
Market Drivers
Source: In For Growth

13. 78,176Acres of hemp grown in 23 states
40Universities conducted research
3,546State licenses issued
hemp bills
States with enacted hemp legislation (41 states)
New states which started in 2018 (5 states)
States which grew hemp in 2017 (19 states)
Colorado 9,700 21,578
Hawaii 1 2
Indiana 5 5
Kentucky 3,271 6,700
Maine 30 550
Massachusetts N/A 21
Minnesota 1,205 710
Montana 542 22,000
Nebraska 1 0.5
Nevada 417 1,881
New York 2,000 2,240
North Carolina 965 3,184
North Dakota 3,020 2,778
Oklahoma N/A 445
Oregon 3,469 7,808
Pennsylvania 36 580
South Carolina N/A 256
Tennessee 200 3,338
Vermont 575 1,820
Virginia 87 135
Washington 175 142
West Virginia 14 155
Wisconsin N/A 1,850
Total 25,713 78,176*
State 2017 Acres 2018 Acres
*includes 10,090,188 square feet of greenhouse or indoor cultivation
v 1.0
Illinois N/A 0.1
For more info, visit www.VoteHemp.com
Hemp Industry Overview
Source: Vote Hemp

14. Hemp Protein Market By Application
U.S. Hemp Protein Market, By Application, 2016-2023 (USD Million)
Source: In For Growth

15. Market Players Present in Market Life Cycle
Market Players
Source: In For Growth
Market Positioning of Key Players, 2018

16. Evo Hemp
2434 30th St
Boulder, CO 80301
P: 800-764-0523
www.evohemp.com
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