Hummus Market Research Insights:
By 2032, the size of the hummus market is anticipated to grow to over USD 7.414941107 Billion, with a CAGR of 12.84% from 2023 to 2032. Hummus use has expanded as dips, appetisers, and spreads because of its beneficial digestive components. Garlic, tahini, and chickpea snacks are widely recognised examples of the growing desire for healthful snacks.
The increased health concern among consumers during the epidemic is one of the key elements behind the rising hummus consumption. It is ingested at a greater level because it is a rich source of vitamins, minerals, and proteins that aid in the proper control of the body's metabolism. It is more favoured. It supports the body's metabolism as well as the maintenance of derma qualities and healthy skin. In addition, its extensive availability guarantees the product's widespread availability in the market. The Hummus Market was severely impacted by the outbreak. Because the food sector did not increase its abundance over the same period, the market suffered. Over time, however, the preference for home-cooked meals without outside influence changed.
Regional Analysis:
The market is divided geographically into a number of market regions, including Asia Pacific, North America, Europe, and the rest of the globe. Because it accounts for up to 50% of the worldwide hummus market share, with the U.S. as the leader, and is predicted to increase at a CAGR of 14.24%, North America is regarded as the largest market in the world. While creating cutting-edge hummus products, this region is thought to have a high hummus consumption rate. Additionally, the Middle Eastern immigrant population in North America is rising at a rate that affects sales growth. Additionally, their aggressive marketing tactics and commercials are fueling a rise in demand for these items on a global scale.
Market segmentation:
Because the hummus market is divided into hummus kinds, packaging materials, distribution methods, and geographic regions, there is greater room for growth.
Based on the hummus-type sector, the market is divided into categories such traditional, lentil, garlic, edamame, white, black, and others. Classic hummus currents are the most valuable in the worldwide hummus industry share, claims the market study report. Consumers choose the original hummus flavour, and analysts predict that throughout the projected period, CAGR will increase by 13.42%.
Tubs/cups, jars/bottles, and other packaging items help to further divide the market. Tubs and cups dominate the market because they offer a variety of serving sizes and are useful for product packaging. Due to customer preference for non-plastic containers that allow for more storage, the jars and bottles are anticipated to increase income for the hummus sector.
Convenience stores, supermarkets, hypermarkets, e-commerce, etc., are only a few of the distribution channels that further segment the hummus industry. Supermarkets and hypermarkets take up 65.4% of the market since customers may quickly get a wide variety of products there. However, as the product becomes increasingly well-liked in convenience stores and online shops, it is assisting in boosting hummus sales on a global scale.
Key Players:
The Key Hummus Market Players, including Haliburton International Foods Inc. (located in California), Sabra Dipping Co. LLC (located in the United States), T. Marzetti (located in the United States), Churny Company Inc. (located in the United States), Tribe Mediterranean Foods Inc. (located in Massachusetts), Cedar's Mediterranean Foods Inc. (located in Massachusetts), and Pita Pal Industries Inc. (Texas)
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