Introduction
Hemp milk has been gaining popularity in Canada due to its numerous health benefits and environmental sustainability. As a result, the demand for hemp milk has increased, leading to a rise in imports of this plant-based alternative to traditional dairy milk. In this report, we will explore the top 10 hemp milk import companies in Canada, providing insights into their financial data, market share, and industry trends.
1. Hempco Food and Fiber Inc.
Overview:
Hempco Food and Fiber Inc. is a leading Canadian hemp food manufacturer that offers a wide range of hemp-based products, including hemp milk. The company has a strong presence in the Canadian market and has been a key player in the hemp industry for years.
Financial Data:
Hempco Food and Fiber Inc. reported revenue of $10 million in 2020, with a significant portion of their sales coming from hemp milk products. The company has seen steady growth in recent years, reflecting the increasing demand for hemp-based products in Canada.
2. Manitoba Harvest
Overview:
Manitoba Harvest is another prominent player in the Canadian hemp milk market, offering high-quality hemp milk products to consumers across the country. The company has a strong distribution network and a loyal customer base.
Financial Data:
Manitoba Harvest reported revenue of $15 million in 2020, with hemp milk sales accounting for a significant portion of their overall sales. The company has experienced steady growth in recent years, driven by the increasing popularity of hemp milk among consumers.
3. Earth’s Own
Overview:
Earth’s Own is a well-known Canadian brand that offers a variety of plant-based milk alternatives, including hemp milk. The company is committed to sustainability and ethical sourcing practices, making them a popular choice among environmentally conscious consumers.
Financial Data:
Earth’s Own reported revenue of $20 million in 2020, with hemp milk products contributing to a significant portion of their sales. The company has seen strong growth in recent years, reflecting the increasing demand for plant-based milk alternatives in Canada.
4. Good Hemp
Overview:
Good Hemp is a UK-based company that has a strong presence in the Canadian hemp milk market. The company offers a range of hemp-based products, including hemp milk, that are popular among health-conscious consumers.
Financial Data:
Good Hemp reported revenue of $12 million in 2020, with hemp milk sales accounting for a significant portion of their overall sales. The company has been expanding its presence in the Canadian market and has seen steady growth in recent years.
5. Pacific Foods
Overview:
Pacific Foods is a US-based company that offers a variety of plant-based milk alternatives, including hemp milk. The company has a strong presence in the Canadian market and is known for its high-quality products and sustainable practices.
Financial Data:
Pacific Foods reported revenue of $25 million in 2020, with hemp milk products contributing to a significant portion of their sales. The company has been a key player in the plant-based milk market and has seen strong growth in recent years.
6. Living Harvest
Overview:
Living Harvest is a Canadian company that specializes in hemp-based products, including hemp milk. The company is known for its innovative product offerings and commitment to sustainability, making them a popular choice among health-conscious consumers.
Financial Data:
Living Harvest reported revenue of $8 million in 2020, with hemp milk sales playing a significant role in their overall sales. The company has been expanding its presence in the Canadian market and has seen steady growth in recent years.
7. Drink Daily Greens
Overview:
Drink Daily Greens is a Canadian company that offers a range of plant-based milk alternatives, including hemp milk. The company is known for its organic and natural products, making them a popular choice among health-conscious consumers.
Financial Data:
Drink Daily Greens reported revenue of $5 million in 2020, with hemp milk products contributing to a significant portion of their sales. The company has been gaining traction in the Canadian market and has seen steady growth in recent years.
8. Good Karma Foods
Overview:
Good Karma Foods is a US-based company that offers a variety of plant-based milk alternatives, including hemp milk. The company has a strong presence in the Canadian market and is known for its innovative products and sustainable practices.
Financial Data:
Good Karma Foods reported revenue of $18 million in 2020, with hemp milk sales playing a significant role in their overall sales. The company has been expanding its presence in the Canadian market and has seen strong growth in recent years.
9. Tempt
Overview:
Tempt is a Canadian company that specializes in hemp-based products, including hemp milk. The company is known for its high-quality products and commitment to sustainability, making them a popular choice among health-conscious consumers.
Financial Data:
Tempt reported revenue of $10 million in 2020, with hemp milk sales contributing to a significant portion of their overall sales. The company has been a key player in the Canadian hemp milk market and has seen steady growth in recent years.
10. Elmhurst 1925
Overview:
Elmhurst 1925 is a US-based company that offers a variety of plant-based milk alternatives, including hemp milk. The company has a strong presence in the Canadian market and is known for its innovative products and sustainable practices.
Financial Data:
Elmhurst 1925 reported revenue of $22 million in 2020, with hemp milk sales contributing to a significant portion of their overall sales. The company has been expanding its presence in the Canadian market and has seen strong growth in recent years.
In conclusion, the hemp milk market in Canada is experiencing significant growth, with these top 10 import companies leading the way. Consumers are increasingly turning to plant-based milk alternatives like hemp milk for its health benefits and environmental sustainability. These companies are capitalizing on this trend by offering high-quality products and innovative solutions to meet the growing demand. As the market continues to expand, we can expect to see even more competition and innovation in the hemp milk industry.
