About Hummus
Hummus is a Middle Eastern dip, spread, or savoury dish made from cooked, mashed chickpeas blended with tahini, lemon juice, and garlic. All the most ingredients of hummus chickpeas, garlic, benni seeds or paste (tahini), and oil are recognized as superfoods. Chickpeas are high on iron, phosphorus, and B complex. spread has high Zn, calcium, copper, and phosphoric content. lemon juice is a wonderful supply of vitamin C and antioxidants. Garlic, that adds Flavor to hummus, is high on antioxidants and contains several trace minerals and vitamins.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 11.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hummus market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bakkavor Group (United Kingdom), Cedar's Mediterranean Foods (United States), Haliburton International Foods (United States), Nestlé S.A. (Switzerland), Sabra Dipping Co. (United States), Churny Company, Inc. (United States), T. Marzetti Company (United States), Strauss Group (Israel), Tribe Hummus and Hope Foods, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Conagra Brands (India), Fountain of Health (United States), Hummus Goodness (United States), Boar’s Head Brand (United States) and Lantana Foods (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hummus market by Type (Organic and Conventional), Application (Household and Commercial) and Region.
On the basis of geography, the market of Hummus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Packaging, the sub-segment i.e. Plastic Bottle will boost the Hummus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Hummus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavour, the sub-segment i.e. Red Pepper will boost the Hummus market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Clean Label Packaging and Premium Packaging Practices by Manufacturer and New Product Launch with Hummus as Base Ingredients
Market Growth Drivers:
Rising Trend Towards Healthy and Tasty Diets due to Globalization and Changing Taste Preference of Consumers
Challenges:
Availability of Substitute Dips in Market
Restraints:
Fluctuations in Prices of Raw Materials
Opportunities:
Rise in Party and Celebration Culture with Lot of Options for Snacks and Convenience Foods and Rise in HoReCa Culture complemented with Variety of Food Options
Market Leaders and their expansionary development strategies
In November 2023, Fresh Cravings announced the Food Lion Feeds Charitable Foundation, the philanthropic arm of omnichannel retailer Food Lion, as part of the brand's Salsabrate The Good initiative. This donation marks Fresh Cravings' further expansion in the Southeast and will help deepen Food Lion's mission to address food insecurity. Twice a year, the Foundation awards Feeding the Hungry grants to support community feeding partners to help them improve operations, purchase needed equipment and increase capacity to nourish food-insecure neighbors. In addition, the grants increase access to nutritious food and nutrition education to reduce health risks associated with food insecurity.
In September 2023, Sabra Launched two irresistible varieties Roasted Garlic and Spicy Harissa these smooth, creamy, and bold-flavored dips shine as sophisticated swaps for 'same-old' dips such as Ranch and French Onion. Sabra's Mediterranean Garlic Dips are plant-based, dairy-free and hitting shelves at Target stores across the Midwest now, and nationally on Amazon Fresh by early October. This introduction follows on the heels of Sabra's recent launch of bold new flavor varieties of hummus.
Key Target Audience
Hummus Manufacturers, Distributor/Supplier, Research Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.