MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Global Hummus Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global Hummus Market: 2024-2030
The Global Hummus Market size was valued at USD 4.5 billion in 2023 & is projected to reach USD 8.25 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.58% during the forecast period, i.e. 2024-2030.
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Global Hummus Market Trend:
Increasing Adoption of Vegan Diet & Organic Food – The prevalence of veganism has significantly increased in developed economies such as North America and Europe due to the awareness of animal cruelty & environmental sustainability. As per the Vegan Society, a Non-Profit Organization, among the total population, about 2.6 million individuals in Europe are vegan. With this rising vegan population, worldwide sales of vegan hummus have increased tremendously since these dips are entirely made from plant-based sources. Moreover, along with the vegan consumers, the individuals supporting cruelty-free products are also shifting towards plant-based and organic hummus. Thus, the organic hummus industry is experiencing growth.
Moreover, manufacturers are introducing new and improved organic variants due to the elevated demand for vegan hummus. In 2023, Little Sesame, an organic hummus brand, introduced its new range of organic hummus in all the stores across the US and other countries. These newly launched products have a bold new packaging design with plastic-neutral certification and contain organic flaxseed oil, attracting consumers looking for functional benefits & uplifting the Global Hummus Market growth.
Global Hummus Market Segmentation:
The Global Hummus Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
-Classic Hummus– Market Size & Forecast, 2019-2030, USD Million
-Roasted Garlic Hummus– Market Size & Forecast, 2019-2030, USD Million
-Lentil Hummus- Market Size & Forecast, 2019-2030, USD Million
-White Bean Hummus- Market Size & Forecast, 2019-2030, USD Million
-Black Olive hummus- Market Size & Forecast, 2019-2030, USD Million
-Others (Red Pepper Hummus, Edamame Hummus, etc.)– Market Size & Forecast, 2019-2030, USD Million
By Packaging Type
-Tubs/Cups- Market Size & Forecast, 2019-2030, USD Million
-Pouch- Market Size & Forecast, 2019-2030, USD Million
-Bottles/Jars– Market Size & Forecast, 2019-2030, USD Million
By Application
-Paste & Spreads- Market Size & Forecast, 2019-2030, USD Million
-Sauces & Dips- Market Size & Forecast, 2019-2030, USD Million
-Desserts- Market Size & Forecast, 2019-2030, USD Million
-Others (Confectionery, etc.)- Market Size & Forecast, 2019-2030, USD Million
By End User
-Households- Market Size & Forecast, 2019-2030, USD Million
-Food Service Outlets- Market Size & Forecast, 2019-2030, USD Million
By Sales Channel
-Offline Stores- Market Size & Forecast, 2019-2030, USD Million
-Supermarkets/Hypermarkets- Market Size & Forecast, 2019-2030, USD Million
-Convenience Stores- Market Size & Forecast, 2019-2030, USD Million
-Grocery Stores- Market Size & Forecast, 2019-2030, USD Million
-Others (Specialty Stores, etc.)- Market Size & Forecast, 2019-2030, USD Million
-Online Retails– Market Size & Forecast, 2019-2030, USD Million.
Geographical Analysis into the Global Hummus Market:
· North America
· South America
· Europe
· The Middle East & Africa
· Asia-Pacific
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/hummus-market.html
Competitive Landscape and Global Hummus Market Share Analysis:
The competitive landscape of the Global Hummus Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Athenos, Cedar’s Mediterranean Foods, Inc., Haliburton International Foods, Inc., Strauss Group, Ltd., Tribe Hummus, Bakkavor Group Plc, Boar’s Head Brand, Aliments du Québec (Hummus Gourmet, LLC), The Kraft Heinz Company, Hope Foods, LLC, Sabra Dipping Co., LLC, Marzetti Company, Sevan AB, Lantana Foods, Hummus Goodness, and Others.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
· What factors are driving the Global Hummus Market growth?
· How is the Global Hummus Market expected to grow over the next five years?
· What are the key insights into the current trends in the Global Hummus Market?
· What is the current size of the Global Hummus Market, and how is it projected to change in the future?
· What is the future outlook for the Global Hummus Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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