MarkNtel Advisors, a leading market research firm, has showed its latest study titled "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 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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What are the primary factors driving the growth of the Hummus market?
Global Hummus Market Driver: Surging Inclination Towards Premium & Flavored Dips
The increasing demand for unique and high-quality flavors in dips among consumers is playing a significant role in enhancing market expansion. Consumers nowadays are increasingly prioritizing dips that contain immunity-boosting premium and flavored ingredients since they help improve brain & heart health. Additionally, the ingredients, like natural herbs and spices in the dips are also becoming immensely popular since these dips help in enhancing the flavor as well as provide protection from acute and chronic diseases. In response to this growing demand, manufacturers are continuously developing innovative & premium dips that match the evolving consumer preferences and tastes. For instance:
In 2023, Sabra, a hummus brand, launched two flavored hummus, including a new Mediterranean Roasted garlic and Spicy Harissa, especially for consumers across the US & Midwest.
These quality-focused & flavored dips would continue to gain attention from consumers, increasing the consumption of Hummus in the forecast years as well. Furthermore, the companies are also working on improving the shelf-life & affordability of the premium hummus. This would make them more accessible to the mass population and drive the Global Hummus Market growth during 2024-30.
Hummus Market Segmentation:
The 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
-Roasted Garlic Hummus
-Lentil Hummus
-White Bean Hummus
-Black Olive hummus
-Others (Red Pepper Hummus, Edamame Hummus, etc.)
- Classic Hummus type holds the largest market share in the Global Hummus Market as it originated in the Middle East and has strong ties with multiple cultural cuisines worldwide.
By Packaging Type
-Tubs/Cups
-Pouch
-Bottles/Jars
By Application
-Paste & Spreads
-Sauces & Dips
-Desserts
-Others (Confectionery, etc.)
By End User
-Households
-Food Service Outlets
By Sales Channel
-Offline Stores
--Supermarkets/Hypermarkets
--Convenience Stores
--Grocery Stores
--Others (Specialty Stores, etc.)
-Online Retails
Geographical Analysis into the Hummus Market:
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa
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Competitive Landscape and Hummus Market Share Analysis:
The competitive landscape of the 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 Hummus Market growth?
- How is the Hummus Market expected to grow over the next five years?
- What are the key insights into the current trends in the Hummus Market?
- What is the current size of the Hummus Market, and how is it projected to change in the future?
- What is the future outlook for the 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 14.8 diverse industrial verticals.
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