Hummus Market 2021 industry Share and Trend to 2028

Hummus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Original/Classic, Red Pepper, Black Olive, White Bean, and Others), Packaging Type (Tubs and Cups, Jars and Bottles, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

  • Report Code : TIPRE00007825
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 153

Hummus Market 2021 industry Share and Trend to 2028

Buy Now

The hummus market was valued at US$ 4,577.35 million in 2020 and is projected to reach US$ 8,267.07 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.

Hummus is a well-known Middle Eastern dip and spread that has high mineral, vitamin, protein, and fiber content. All the main ingredients of hummus chickpeas, garlic, sesame seeds or paste (tahini), and olive oil are recognized as superfoods. Chickpeas are high on iron, phosphorus, and vitamin B complex. Tahini has high zinc, calcium, copper, and phosphorous content. Lemon juice is an excellent source of vitamin C and antioxidants. Garlic, which adds flavor to hummus, is enriched with antioxidants, and trace minerals and vitamins.

The hummus market in Asia-Pacific is expected to grow at the highest CAGR during 2021–2028. With the economic growth and rising prevalence of various diseases, lifestyle and consumption patterns have changed in countries such as India, China, and Japan. Moreover, the trend of veganism is growing with the increasing awareness regarding the need to protect the environment. The rising demand for plant-based proteins and increasing health-consciousness are the major factors driving the market growth in the region. Moreover, Europe is also witnessing high demand for plant-based proteins with the increasing adoption of veganism in Europe, especially in the UK. Moreover, hummus manufacturers are expanding their product lines by launching organic variants as well as innovative flavorful varieties.

The COVID-19 pandemic has been hindering the hummus market performance, mainly, due to disrupted raw material production and supply chains, weather condition uncertainties, and other reasons. The outbreak disturbed operational efficiencies and value chains due to the sudden shutdown of national and international boundaries. However, with many the economies striving to revive and normalize their operations, the demand for hummus is presumed to rise in the foreseeable future. Further, growing preference for healthy lifestyle and shifted focus on foodstuffs boosting immunity, would continue to contribute to the hummus market growth in the coming years. Further, the hummus manufacturers are likely to capitalize on online distribution channels for business expansion. This is mainly due to the escalating preference for ordering consumables online to avoid crowd and respect social distancing norms. The food retail channels are already operating within strict sanitation guidelines; however, many of them are taking extra precautions to diminish person-to-person contact. A few of the safety measures followed by the companies include limiting direct contact with truck drivers and other visitors, communicating, and highlighting proper hygiene practices, and conducting complete sanitations and eliminating possibilities of personnel contact during shift changes.

 

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Hummus Market: Strategic Insights

Hummus Market
  • CAGR
    CAGR (2020 - 2028)
    7.6%
  • Market Size 2020
    US$ 4.58 Billion
  • Market Size 2028
    US$ 8.27 Billion

Market Dynamics

GROWTH DRIVERS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

  • Bakkavor Group Plc
  • Cedar

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentType
  • Original/Classic
  • Red Pepper
  • Black Olive
  • White Bean
Market SegmentPackaging Type
  • Tubs and Cups
  • Jars and Bottles
Market SegmentDistribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Health Benefits due to Rich Nutritional Profile Including Proteins, Fibers, Vitamins, and Minerals Drive Market Growth

Hummus is a well-known Middle Eastern dip and spread that has high mineral, vitamin, protein, and fiber content. All the main ingredients of hummus chickpeas, garlic, sesame seeds or paste (tahini), and olive oil are recognized as superfoods. Chickpeas are high on iron, phosphorus, and vitamin B complex. Tahini has high zinc, calcium, copper, and phosphorous content. Lemon juice is an excellent source of vitamin C and antioxidants. Garlic, which adds flavor to hummus, is high on antioxidants and contains many trace minerals and vitamins. The rising prevalence of diseases such as strokes, ischemic heart disease, chronic obstructive pulmonary diseases, and diabetes mellitus is attracting people’s attention toward healthy foodstuffs, especially in developed and developing regions. Hummus has also found a shelf in retail stores and supermarkets due to the diversification of distribution channels. It is naturally free from common allergens and irritants such as nuts, gluten, and dairy. It can also be used to replace creamy salad dressings, mayonnaise, sour cream, ranch dressing, and other condiments in recipes such as sandwiches, bread, crackers, and chips. Furthermore, increasing economic standards and rising disposable incomes as well as the diversification of food preferences boost the demand for healthy foodstuffs such as hummus.  Thus, benefits conferred by hummus such as better digestive health, appropriate weight loss, improved blood sugar control, anti-inflammatory tendencies, and lower heart disease risks are bolstering its demand.

Type Insights

Based on type, the hummus market is segmented into original/classic, red pepper, black olive, white bean, and others. The others segment majorly includes beet, black bean, lupini bean, edmame, jalapeno, black garlic, and yellow lentil hummus. The roasted beet provides sweetness and a vibrant pink color to hummus. The beet hummus is a low maintenance recipe with a highly impressive appearance. Black bean is a small and a shiny variety of common beans, and they are highly nutritious as they constitute antioxidants, fibers, proteins, and carbohydrates. Black beans and lupini beans are used as a replacement of chickpeas in the respective hummus varieties. Recipes including these beans can be included in the keto diet, depending upon the carbs limit. Lupini beans, yellow lentils, provide boost the color of traditional hummus long with providing s spicy taste to it. Jalapeño peppers are vibrant green and adds freshness to the hummus. They also increase the spiciness of traditional hummus. Further, the black garlic hummus is enriched with various nutrients and antioxidants. Moreover, the black garlic provides warm and mellow flavors to the hummus.

A few of the key market players operating in the hummus market are Bakkavor Group; Cedar’s Mediterranean Foods Inc.; Haliburton International Foods; Strauss Group; Tribe Hummus; Hope Foods, LLC; Fountain of Health; Hummus Goodness; Boar’s Head Brand; and Lantana Foods. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base.  

Report Spotlights

Progressive trends in the hummus

  • industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global hummus market from 2019 to 2028
  • Estimation of the demand for hummus across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for hummus  
  • Market trends and outlook coupled with factors driving and restraining the growth of the hummus market
  • Understanding regarding the strategies that underpin commercial interest with regard to global hummus market growth, aiding in the decision-making process
  • Hummus market size at various nodes of market
  • Detailed overview and segmentation of the global hummus market as well as its industry dynamics
  • Hummus market size in various regions with promising growth opportunities

Hummus Market Report Scope

Report Attribute Details
Market size in 2020 US$ 4.58 Billion
Market Size by 2028 US$ 8.27 Billion
Global CAGR (2020 - 2028) 7.6%
Historical Data 2018-2019
Forecast period 2021-2028
Segments Covered By Type
  • Original/Classic
  • Red Pepper
  • Black Olive
  • White Bean
By Packaging Type
  • Tubs and Cups
  • Jars and Bottles
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bakkavor Group Plc
  • Cedar
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Hummus Market, by Type

  • Original/Classic
  • Red Pepper
  • Black Olive
  • White Bean
  • Others

Hummus Market, by Packaging Type

  • Tubs and Cups
  • Jars and Bottles
  • Others

Hummus Market, by Packaging Type

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Others

Company Profiles

  • Bakkavor Group
  • Cedar’s Mediterranean Foods Inc.
  • Haliburton International Foods
  • Strauss Group
  • Tribe Hummus
  • Hope Foods, LLC
  • Fountain of Health
  • Hummus Goodness
  • Boar’s Head Brand
  • Lantana Foods
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Type , Packaging Type , and Distribution Channel

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Based on packaging type, which segment is leading the global hummus market during the forecast period?

Among the segments of packaging type, tubs and cups segment has led the market in 2020. The cup containers that are used for dip packaging is mostly made up of food-grade virgin plastic. These are small and convenient containers, as they can provide on the go food to the consumers. These tubs and cups are microwave safe and comes with a lid or sealable option that makes them airtight and leak proof. The hummus dip is packaged in a PET plastic tub. The tub packaging of hummus can vary from a family sized hummus tub to small sized ones, which are mostly suitable for an individual consumption. As plastic is cheap, the packaging derived from it is inexpensive in most cases. Therefore, the ease of packaging coupled with various benefits expected to bolster the demand for tubs and cups during the forecast period.

Which region held the largest share of the global hummus market?

In 2020, the hummus market was predominant by Europe at the global level. The primary factor driving the growth of the hummus market is the rising production activities of hummus in the region. The surging demand for packaged hummus products, especially in Western Europe, is a crucial determinant catalyzing the growth of the Europe hummus market. The growth can be attributed to the rising demand for plant-based protein and the increasing health consciousness.

Can you list some of the major players operating in the global hummus market?

The major players operating in the global hummus market are Bakkavor Group, Cedar’s Mediterranean Foods Inc., Haliburton International Foods, Strauss Group, Tribe Hummus, Hope Foods, LLC, Fountain of Health, Hummus Goodness, Boar’s Head Brand, Lantana Foods, and many others.

The List of Companies - Hummus Market

  1. Bakkavor Group Plc.
  2. Cedar’s Mediterranean Foods, Inc.
  3. Haliburton International Foods
  4. Strauss Group
  5. Tribe Hummus
  6. Hope Foods, LLC
  7. Fountain of Health
  8. Hummus Goodness
  9. Boar’s Head Brand
  10. Lantana Foods

Trends and growth analysis reports related to Food and Beverages : READ MORE..