As per the Market Research Future Analysis, Global Hummus Market is expected to exhibit the highest CAGR of 12.84% during the forecast period.
Hummus is a creamy dip prepared by blending chickpeas, tahini, olive oil, lemon juice, and garlic in a food processor. Hummus is consumption has increased in recent years due to its various health benefits such as rich fiber content, low glycaemic index, anti-inflammatory properties, a great source of plant-based protein. The increasing demand for packaged hummus products is a prime growth driving factor of the global hummus market. However, the defined availability of shelf-stable food product stocks in retail stores owing to the high impact of the COVID-19 outbreak on logistics is becoming one of the biggest concerns across the world.
The global Hummus Market is anticipated to exhibit notable market growth during the review period owing to the rising consumption of hummus has grown tremendously in recent years. The growing increase in popularity of the product has encouraged hummus producers to ramp up production volume and focus on implementing robust product marketing strategies. Additionally, the introduction of organic ingredients in hummus is an expected response to the changing consumer sentiments towards processed food is expected to drive global sales further. However, variations in raw material prices are anticipated to hamper the growth of the global hummus market during the review period.
Global Hummus Market has been categorized based on Product Type, packaging type, and distribution channel. Based on product type the market has been segmented on Classic Hummus, Lentil Hummus, Edamame Hummus, White Bean Hummus, Black Bean Hummus, and Others. The classic hummus segment is expected to register substantial CAGR during the review period.
Based on the Packaging Type segment the global Hummus market has been segmented on Tubs, Jars & Bottles, and Others. By Distribution Channel the market is bifurcated into Store-Based and Non-store-based segments.
Region-specific analysis of the Global Hummus Market has been segregated among North America, Europe, Asia-Pacific, and the Rest of the world. Hummus is initially prepared in the Middle East is now has profound markets in North America and Asia Pacific (APAC). In the countries such as Levant, Israel, and Egypt hummus are usually cooked at home and used as a food dip or spread. However, in the U.S. and some of the European and Asian countries hummus is seen as a portion of different food, which is creating many profitable growth opportunities in upcoming years.
The Major Players of the global Hummus market include Sabra Dipping Co., LLC (U.S.), Haliburton International Foods, Inc. (California), Tribe Mediterranean Foods, Inc. (Massachusetts), T. Marzetti (U.S.), Cedar’s Mediterranean Foods, Inc. (Massachusetts), Churny Company, Inc. (U.S.), Pita Pal Industries Inc. (Texas)
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