Introduction
Hemp milk has been gaining popularity in China due to its nutritional benefits and dairy-free nature. As the demand for plant-based milk alternatives continues to rise, the market for hemp milk in China is also growing. In this report, we will explore the top 10 hemp milk brands in China, providing insights into their financial performance, market share, and industry trends.
1. Vitasoy
Financial Data:
Vitasoy is one of the leading soy milk brands in China, and they also offer a hemp milk product. The company reported a revenue of CNY 4.12 billion in 2020, with a significant portion coming from their plant-based milk products.
Market Share:
Vitasoy holds a strong position in the plant-based milk market in China, with a wide distribution network and brand recognition. Their hemp milk product is popular among health-conscious consumers looking for dairy alternatives.
2. Joyoung
Financial Data:
Joyoung is a well-known Chinese brand that specializes in soy milk and other plant-based products. They have also introduced a hemp milk variant to cater to the growing demand for dairy alternatives. The company reported a revenue of CNY 3.65 billion in 2020.
Market Share:
Joyoung has a loyal customer base in China, and their hemp milk product is gaining popularity among consumers seeking a nutritious and sustainable milk alternative.
3. YoyiC
Financial Data:
YoyiC is a relatively new player in the plant-based milk market in China, but they have quickly gained traction with their hemp milk offering. The company reported a revenue of CNY 520 million in 2020.
Market Share:
YoyiC is positioning itself as a premium hemp milk brand, targeting health-conscious consumers who are willing to pay a premium for quality products.
4. Happy Cow
Financial Data:
Happy Cow is a popular dairy alternative brand in China, offering a range of plant-based milk products, including hemp milk. The company reported a revenue of CNY 1.2 billion in 2020.
Market Share:
Happy Cow has a strong presence in the dairy alternative market in China, and their hemp milk product is favored by consumers looking for a creamy and nutritious milk alternative.
5. Wugu Mofang
Financial Data:
Wugu Mofang is a local Chinese brand that has gained popularity for its high-quality hemp milk. The company reported a revenue of CNY 350 million in 2020.
Market Share:
Wugu Mofang has carved out a niche for itself in the hemp milk market in China, offering a premium product that appeals to discerning consumers.
6. Wugu Farms
Financial Data:
Wugu Farms is a well-established agricultural company in China that has recently entered the plant-based milk market with their hemp milk product. The company reported a revenue of CNY 800 million in 2020.
Market Share:
Wugu Farms leverages its reputation for quality and sustainability to attract consumers to their hemp milk product, positioning itself as a trusted brand in the market.
7. Pureland
Financial Data:
Pureland is a premium plant-based milk brand in China, known for its organic and natural products. They offer a hemp milk variant that has gained popularity among health-conscious consumers. The company reported a revenue of CNY 600 million in 2020.
Market Share:
Pureland caters to consumers seeking high-quality and organic dairy alternatives, positioning their hemp milk product as a sustainable and nutritious option in the market.
8. Sunyuan
Financial Data:
Sunyuan is a well-established food and beverage company in China that has diversified into the plant-based milk market with their hemp milk product. The company reported a revenue of CNY 1.5 billion in 2020.
Market Share:
Sunyuan leverages its brand reputation and distribution network to promote their hemp milk product, targeting a wide range of consumers seeking dairy alternatives.
9. Green Source
Financial Data:
Green Source is a relatively new entrant in the plant-based milk market in China, but they have quickly gained recognition for their high-quality hemp milk. The company reported a revenue of CNY 280 million in 2020.
Market Share:
Green Source focuses on sustainability and health benefits in their hemp milk product, attracting environmentally conscious consumers looking for a nutritious dairy alternative.
10. NutriJoy
Financial Data:
NutriJoy is a leading health and wellness brand in China, offering a range of organic and natural products, including hemp milk. The company reported a revenue of CNY 2.1 billion in 2020.
Market Share:
NutriJoy has a loyal customer base in China, and their hemp milk product is popular among consumers seeking a healthy and sustainable dairy alternative.
In conclusion, the hemp milk market in China is growing rapidly, with an increasing number of consumers opting for plant-based milk alternatives. The top 10 hemp milk brands mentioned in this report are leading the way in providing high-quality and nutritious products to meet the demand for dairy alternatives in the country. As the market continues to expand, these brands are well-positioned to capitalize on the growing trend towards plant-based foods and beverages.
