Introduction
Hemp milk has gained popularity in recent years as a dairy-free alternative rich in nutrients and antioxidants. Canada, known for its hemp production, has seen a rise in hemp milk exports. In this report, we will explore the top 10 hemp milk export companies in Canada, their financial data, and industry insights.
1. Manitoba Harvest
Financial Data
Manitoba Harvest is one of the largest hemp milk producers in Canada. In 2020, the company reported revenues of $50 million, with a significant portion coming from exports to countries such as the United States, Germany, and Australia.
Industry Insights
Manitoba Harvest has been a key player in the hemp milk industry, known for its high-quality products and sustainable practices. The company’s strong distribution network and innovative product development have helped it maintain a leading position in the market.
2. North Coast Naturals
Financial Data
North Coast Naturals is another prominent hemp milk exporter in Canada. The company saw a 10% increase in revenues in 2020, reaching $20 million, driven by growing demand for plant-based alternatives.
Industry Insights
North Coast Naturals focuses on organic and non-GMO hemp milk products, catering to health-conscious consumers. The company’s commitment to sustainability and transparency has resonated well with customers, contributing to its success in the market.
3. Hempco Food and Fiber Inc.
Financial Data
Hempco Food and Fiber Inc. is a vertically integrated hemp company that produces hemp milk among other hemp-based products. The company reported revenues of $15 million in 2020, with a significant portion coming from hemp milk exports.
Industry Insights
Hempco Food and Fiber Inc. is known for its high-quality hemp milk products and sustainable farming practices. The company’s strong relationships with farmers and commitment to organic production have helped it establish a strong presence in the market.
4. Naturally Splendid Enterprises Ltd.
Financial Data
Naturally Splendid Enterprises Ltd. is a diversified biotechnology company that produces hemp milk and other plant-based products. The company reported revenues of $12 million in 2020, with a growing portion coming from hemp milk exports.
Industry Insights
Naturally Splendid Enterprises Ltd. focuses on innovation and product development, continuously introducing new hemp milk flavors and formulations to meet consumer preferences. The company’s strategic partnerships and distribution channels have helped it expand its market reach.
5. Good Hemp
Financial Data
Good Hemp is a leading hemp milk brand in Canada, known for its high-quality and sustainable products. The company reported revenues of $10 million in 2020, with a significant portion coming from exports to the UK and Europe.
Industry Insights
Good Hemp has built a strong brand presence in the hemp milk market, focusing on clean labeling and transparent sourcing practices. The company’s commitment to environmental stewardship and community engagement has earned it a loyal customer base.
6. Ecomil
Financial Data
Ecomil is a global leader in plant-based milks, including hemp milk. The company’s Canadian subsidiary reported revenues of $8 million in 2020, with a growing portion coming from hemp milk exports.
Industry Insights
Ecomil is known for its diverse range of plant-based milk products, catering to different dietary needs and preferences. The company’s focus on innovation and sustainability has helped it maintain a competitive edge in the market.
7. Pacific Foods
Financial Data
Pacific Foods is a well-known natural foods company that produces hemp milk and other dairy alternatives. The company reported revenues of $6 million in 2020, with a growing portion coming from hemp milk exports to Asia.
Industry Insights
Pacific Foods has a strong reputation for quality and taste in the hemp milk industry. The company’s commitment to organic ingredients and clean labeling has resonated well with health-conscious consumers, driving its success in the market.
8. Living Harvest
Financial Data
Living Harvest is a pioneer in the hemp milk industry, known for its innovative products and sustainable practices. The company reported revenues of $5 million in 2020, with a significant portion coming from exports to the US and Canada.
Industry Insights
Living Harvest focuses on providing high-quality hemp milk products that are both nutritious and delicious. The company’s commitment to environmental sustainability and social responsibility has helped it build a loyal customer base and expand its market presence.
9. Oatly
Financial Data
Oatly is a Swedish company known for its oat-based products, including hemp milk. The company’s Canadian subsidiary reported revenues of $4 million in 2020, with a growing portion coming from hemp milk exports.
Industry Insights
Oatly has gained popularity for its creamy and flavorful hemp milk products, appealing to a wide range of consumers. The company’s strong brand presence and marketing efforts have helped it establish a strong foothold in the competitive hemp milk market.
10. Daiya Foods
Financial Data
Daiya Foods is a plant-based food company that offers a variety of dairy-free products, including hemp milk. The company reported revenues of $3 million in 2020, with a growing portion coming from hemp milk exports.
Industry Insights
Daiya Foods has built a strong reputation for its delicious and nutritious hemp milk products. The company’s focus on allergen-friendly options and clean ingredients has resonated well with consumers, driving its success in the hemp milk market.
In conclusion, the hemp milk industry in Canada is thriving, with these top 10 companies leading the way in exports and innovation. As consumer demand for plant-based alternatives continues to grow, these companies are well-positioned to capitalize on the trend and expand their market presence both domestically and internationally.
