2019-2029 Hummus Market Future Predictions and New Updates
Global Hummus Market is propelled by convergence of shifting dietary preferences toward plant-based foods, the increased focus on health and nutrition.
As
per the TechSci Research report titled "Global Hummus Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029,"
the Global Hummus Market reached USD 3.8 billion in 2023 and is projected to
exhibit a CAGR of 15.7% during the forecast period from 2025 to 2029.
The
global hummus market stands as a flourishing segment within the broader food
industry, driven by the increasing popularity and consumption of this versatile
and nutritious Middle Eastern dip. Hummus, crafted from chickpeas, tahini,
olive oil, lemon juice, and garlic, has transcended cultural boundaries to
become a dietary staple worldwide. Its transformation from a regional specialty
to a global culinary phenomenon can be attributed to shifting dietary
preferences, heightened health consciousness, cultural influences, and
innovative marketing strategies.
Having
originated in the Middle East, particularly Lebanon, Palestine, and Israel,
hummus boasts a history dating back centuries, deeply ingrained in the region's
culinary traditions. Initially confined to its cultural roots, hummus gained
international recognition primarily due to its nutritional richness,
distinctive flavor, and adaptability as a dip, spread, or accompaniment to
various dishes.
Browse over 26
market data Figures spread through 181 Pages and an in-depth TOC on "Global Hummus
Market”
https://www.techsciresearch.com/report/hummus-market/22056.html
North
America has been instrumental in globalizing hummus, driven by the region's
diverse culinary appreciation, health-conscious consumer base, and a preference
for plant-based foods. The hummus market has experienced remarkable growth,
propelled by the United States, where its swift integration into mainstream
diets showcases consumer acceptance of its flavors and health benefits.
The
surge in hummus consumption aligns with changing consumer preferences favoring
healthier, plant-based options. As a protein and nutrient-rich snack or meal
accompaniment, hummus appeals to those seeking nutritious choices amid the rise
of vegetarianism, veganism, and overall health awareness.
In
North America, the hummus market stands out for its innovation and diversity,
offering various flavors from traditional to inventive blends infused with
herbs, spices, or vegetables. Convenient packaging and ready-to-eat options
have significantly contributed to hummus' market penetration and sustained
growth.
Hummus
has become widely accessible through supermarkets, specialty stores, and online
platforms, occupying ready-to-eat sections alongside fresh produce. Its
integration into restaurant menus and culinary innovations, such as
hummus-based dressings, wraps, and pizza toppings, has expanded its culinary
footprint.
The
influence of North America's hummus market extends globally, shaping
consumption patterns in Europe, Asia-Pacific, and beyond. Hummus' adaptability
to diverse cuisines and its appeal to various palates contribute to its
international popularity.
Looking
ahead, the global hummus market appears promising, driven by increasing demand
for healthy, flavorful, and convenient food options. North America is expected
to maintain its role as a key player, with ongoing innovations, new flavor
introductions, and an expanding consumer base ensuring sustained popularity.
The
global hummus market is categorized by flavor, packaging, distribution channel,
and region. Among the types, the roasted garlic white bean segment dominates,
offering a unique and savory twist to traditional chickpea-based hummus. Its
creamy texture, combined with the rich flavor of roasted garlic and the subtle
nuttiness of white beans, resonates with consumers seeking a sophisticated
hummus experience. The success of this segment is attributed to its culinary
versatility, serving as a dip, spread, or flavorful topping for various dishes.
In
terms of region, North America holds a significant position, having seamlessly
integrated hummus into its diverse culinary landscape. The region's openness to
global culinary traditions, evolving consumer preferences for healthier
options, and innovative offerings have contributed to the growth and popularity
of the hummus market in North America.
Major companies
operating in global hummus market are:
- Nestle
SA
- Agro
Tech Foods Ltd.
- Cedars
Mediterranean Foods Inc.
- Haliburton
International Foods Inc.
- Bakkavor
Group PLC
- Harvest
Moon Foods
- Boars
Head Brand
- Hummus
Goodness
- Damai
International
- Lakeview
Farms LLC
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“The
transformation of the global hummus market from a regional specialty to a
universally embraced culinary delight mirrors shifting consumer preferences,
health-conscious trends, and the impact of North America's culinary
scene," stated Mr. Karan Chechi, Research Director at TechSci Research, a
research-based management consulting firm. He emphasized that hummus has
solidified its position as a cherished dip worldwide, underscoring the enduring
impact of cultural flavors and a commitment to healthy eating habits across
diverse regions.
The
report titled "Hummus Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Flavor (Roasted Red Pepper, Roasted
Garlic White Bean, Creamy Avocado, Black Bean, Smoky Sweet Potato, and Others),
By Packaging (Jars, Bottles, Cups, and Tubs), By Distribution Channel (Online
and Offline), By Region, By Competition, 2019-2029," has assessed the future growth potential
of the global hummus market. Providing statistics and information on market
size, structure, and anticipated future growth, the report aims to deliver
cutting-edge market intelligence, aiding decision-makers in making informed
investment decisions. Additionally, the report identifies and analyzes emerging
trends, along with essential drivers, challenges, and opportunities within the
global hummus market.
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