Hemp protein is a plant-based product, extracted from the seeds of the hemp plant, Cannabis sativa L., and is used in some protein supplements and protein-enriched foods. It is confused with the Hemp and marijuana plants which closely related; however, hemp generally refers to varieties that are grown for food and industrial uses. Hemp plants contains very low concentration of the chemicals that give marijuana its psychoactive and intoxicating properties. Hemp protein contains all 9 essential amino acids, making it one of the few complete plant sources of protein and an ideal component of a vegetarian or vegan diet. In fact, by weight, hemp contains the same amount of protein found in animal products such as beef and lamb. To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here. Hemp protein is used in varies sectors like food, beverages, cosmetics, and health care. Many companies in the food & beverage sector are continuously adapting themselves to preferences of consumer and trends in recent food consuming for hemp protein to emerge as key players in local markets and international markets. Growth in imports and exports of Hemp is fuelling the Hemp protein market growth. Many health food manufacturers understand that hemp protein is the future of the nutritive market and have started investing in the product. Globally North America and Western Europe region have a strong demand for the hemp protein. While the Asia-Pacific region is the fastest growing market for hemp protein because of the rise in demand for hemp protein from Countries like China and India. Leading manufacturers in hemp protein market are targeting developing countries of Asia-Pacific for expansion purpose of business. Being a plant-based product hemp protein stands above all conventional protein powder when it comes to digestibility, safety, and nutritive value. Making it the most preferable protein from the nutritional aspect. Key drives for the hemp protein market is the rising demand for the vegan protein from vegans and vegetarians. As hemp protein is a natural plant-based product, vegans and vegetarians are considering it for the protein substitute for the proteins derived from eggs, meats or dairy such as whey and casein. Hemp protein demand is driven by the lactose intolerant as it is lactose-free protein and also by the people who are allergic to soybeans, peanuts, and other legumes. Various application of hemp protein in food, beverage, pharmaceuticals and cosmetics sector has led to the growth of the hemp protein market. The high fiber content of hemp protein has increased the demand for hemp protein in food and beverage. The rise in the awareness of health benefits from hemp protein over various health and cognitive diseases among consumers has increased the application of hemp protein in the pharmaceutical sector. The Cosmetic sector is also driving the hemp protein market due to essential amino acids and fibers which are a key ingredient for healthy skin and hair products. Negative consumer perception for hemp protein as a byproduct of the cannabis plant has to restrain the growth of the hemp protein market. Rising demand for hemp protein in the Asia-Pacific region from countries like India and China has developed a potential expansion opportunity for leading manufacturers of hemp protein. With the shifting consumer preferences new growth opportunity has emerged for Hemp Protein market value chain with respect to both suppliers and distributors. The hemp protein market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the hemp protein market, including but not limited to: regional markets, application, flavor and distribution.
The domestic production of liquor, through the process of fermentation and distillation, encompassed the global craft spirits market. They are typically produced in a specified production volume, and the norm is below a standard of 750,000 gallons. Licensed distillers having independent operations with operational control from an alcoholic beverage vendor, and less than 25% capital investment, can produce craft spirits. The global craft spirits market, though at a nascent stage is expected to gain traction in the coming years. This could be accounted to the product’s novelty, taste, and premium quality associated with it. The global craft spirits market is thus expected to gain momentum in the coming years.
This report offers a comprehensive study of the global craft spirits market, with focus on market opportunities and possible constraints, along with the latest trends driving the market. The global craft spirits market is currently growing at a swift pace, and a number of factors are expected to propel the market. Here are some notable developments that could impact the craft spirits market to an extent:
Filling is one of the first manual tasks that craft manufacturers automate. Manual filling is difficult and can lead to significant product losses. The automation with a small mobile filling line increases production speed, frees up personnel for use elsewhere and limits product loss because of human error. One of the most time consuming handicraft processes that beer and spirits manufacturers try to automate is labeling, a process that can also lead to substantial material loss due to human error. Craft manufacturers seek out OEM partners who understand their production process and advise them about the gradual implementation of affordable automated machines which will improve efficiency. Thus the uptake of automation is a key development that is likely to boost sales in the global craft spirits market.
Whiskey, followed by gin, vodka and rum, is expected to be the most well-known array of craft spirits. This could be due to the unique texture, flavor and taste of juniper berries, Gin has gained a large consumer acceptance. The craft distillers are focused in the production of innovative products using various herbs, spices, botanicals, and fruits. They obtain raw material from family farms with strong experience in grain and fruit production. The continuous launch of new, unique product is expected to tip the scales in favor of the vendors in the global craft spirits market in the coming years. Leading vendors operating in the global craft spirits market include Rémy Cointreau, William Grant & Sons, Pernod Ricard, Anchor Brewers & Distillers, Diageo plc, and Rogue Ales.
Due to increased consolidation activities in the industry, the demand for large distillers is expected to grow over the period. Market players use large distillers to produce alcohol because they reduce the production costs which are expected to drive the market in turn over the forecast period. Craft distillation–having learned from the beer industry–seeks to increase its capabilities and budgets at a controlled rate. This is expected to be a key trend in the global craft spirits market in the coming years.
A large demographic section of the consumers of alcoholic drinks, born between the 1980s and early 2000s, accounts for a significant proportion of consumers visiting frequent restaurants and pubs. Due to their uniqueness and taste, the increased preference of unconventional drinks among millennials is expected to boost demand in the global craft spirits market.
The global craft spirits market is expected to be dominated by North America, on account to of the presence of large pool of vendors. Additionally, region is witnessing high investments in the sectors, fuelling the regional market.
The dense millennial population in China is anticipated to boost the Asia Pacific craft spirits market in the coming years.The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.