Hummus Market Outlook

Hummus Market size is projected to reach approximately USD 6682.18 million by 2030, at a CAGR of 12.84% from 2020 to 2030.

Hummus is a popular Levantine or Egyptian food spread made of cooked, mashed chickpeas, beans, blended with a variety of toppings such as tahini, olive oil, lemon juice, garlic etc. Hummus enjoys wide acceptance in regions of Middle East, and North Africa and has spread to other regions of the globe.

𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 : https://www.marketresearchfuture.com/sample_request/1585

Key Companies In The Hummus Market Include

• Lancaster Colony Corporation
• SABRA DIPPING CO., LLC
• Bakkavor Group plc
• Boar’s Head Brand
• Tribe Mediterranean Foods, Inc.
• SAVENCIA SA
• Abraham’s Natural Foods
• Ithaca Hummus
• CEDAR’S MEDITERRANEAN FOODS, INC.
• Lantana Foods
• Haliburton International Foods, Inc.
• Roots Hummus
• Hannah Foods
• PELOPAC INC.

The hummus market is segmented by region, product type, and distribution channel. By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is the largest market for hummus, followed by Europe and Asia-Pacific. By product type, the market is segmented into plain hummus, flavored hummus, and hummus dips. Plain hummus is the most popular type of hummus, followed by flavored hummus and hummus dips. By distribution channel, the market is segmented into offline channels and online channels. Offline channels are still the most popular distribution channel for hummus, but online channels are growing in popularity.

The hummus market is facing a number of challenges, however. These include:

• The competition from other healthy snack and meal options
• The counterfeit hummus market
• The changing consumer preferences

Despite these challenges, the hummus market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing popularity of hummus as a healthy snack and meal option, the growing demand for hummus in the foodservice industry, and the increasing popularity of hummus in Western countries.

Regional Analysis

USA and the Middle East holds the largest market share In terms of value led by the traditional hummus producing regions of Middle East. USA accounted for 34 % of the global hummus market by volume in 2020. The high penetration of tourism and hoteling in the U.S., high influence of media, coupled with the growing influence of expats and diaspora are the drivers behind the growth of the U.S. market.

Europe led by Germany, Turkey, France, and the U.K. account for the second largest market. The growing tourism industry is also a strong driver of the market in the Asia Pacific region. The market is expected to shift towards Asia Pacific region led by Japan, China, and India.

The Middle East and Africa regions are expected to demonstrate a high CAGR growth due to the traditional popularity of hummus. The nations of Saudi Arabia, UAE, Kuwait and Israel account for the largest share of the Middle East and Africa market.

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