Hummus Market Overview
The global hummus market is projected to reach USD 7.41 billion by 2032 from USD2.821 billion in 2023, at a CAGR of 12.84 % during the forecast period 2023–2032.
Hummus is a Middle Eastern dip or spread made from mashed chickpeas, tahini, olive oil, lemon juice, and garlic. It is a popular snack and appetizer in many countries, and it is also becoming increasingly popular as a healthy and convenient meal option.
The growth of the hummus market is driven by the growing demand for healthy and convenient snacks. Hummus is a good source of protein and fiber, and it is low in calories and fat. It is also a versatile food that can be enjoyed in a variety of ways, making it a popular choice for people on the go.
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Another factor driving the growth of the hummus market is the increasing awareness of the health benefits of Middle Eastern cuisine. Hummus is a traditional Middle Eastern food, and it is becoming increasingly popular in other parts of the world as people learn more about its health benefits.
The hummus market is segmented by type, distribution channel, and region. By type, the market is segmented into classic hummus, flavored hummus, and organic hummus. Classic hummus is the most popular type of hummus, accounting for the largest share of the market.
By distribution channel, the market is segmented into offline and online channels. Offline channels are the dominant distribution channel for hummus, but the online channel is growing rapidly.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for hummus, followed by Europe and Asia Pacific.
The key players in the hummus market are : Sabra Dipping Company, Strauss Group, The Kraft Heinz Company, Unilever, and Eden Foods. These companies are investing in research and development to develop new and innovative hummus products. They are also expanding their distribution channels to tap into new markets.
The hummus market is a growing market with a lot of potential. The factors driving the growth of the market are expected to continue in the coming years. This will create new opportunities for the players in the market.
Key Findings of the Study
- The global Hummus market is expected to reach USD 7.41 billion by 2032, at a CAGR of 12.84% during the forecast period.
- The North American Hummus Market dominated this market in 2022. The market expansion in this region would be boosted by the rising production and consumption of dips and spreads.
- Based on distribution channels, The supermarket segment dominated the market since it is easily accessible to a large number of people and has a broad reach.
- Haliburton International Foods Inc. (California), Sabra Dipping Co. LLC (U.S.), T. Marzetti (U.S.), Tribe Mediterranean Foods Inc. (Massachusetts), Churny Company Inc. (U.S.), Cedar’s Mediterranean Foods Inc. (Massachusetts), and Pita Pal Industries Inc. (Texas)
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