Hummus Market Worldwide Size, Share, Analysis, Future Growth, Business Prospects and Forecast

Oriental Goods & Foods Retail

Updated on Nov 21, 2019

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Market Analysis


Global Hummus Market is projected to exhibit a compound annual growth rate of 12.84% during the forecast period (2018-2027). The sheer increase in popularity of the product has encouraged hummus producers to ramp up production volume and focus towards implementing robust product marketing strategies. 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. Growing popularity aided by globalization, diaspora spread, and the tradition of hummus are aiding the market to a high growth. Hummus has enjoyed average global consumption growth rates of 8.8 % during the last decade. The rising income and lifestyle changes, growing quick service restaurants network, advent of urbanization, food services web apps, growing awareness of healthy foods, developments of global air-conditioned supply chains and trucking are other driver of the market.


The consumption of Hummus has grown tremendously in recent years. A food item native to the Middle East is now penetrating markets in North America and Asia Pacific (APAC). In countries such as Levant, Israel, and Egypt the product is habitually prepared at home and used as a food dip or spread.


Major Key Players Review


The key market players in the Global Hummus Market are



  • Cedar's Mediterranean Foods, Inc.

  • Tribe Hummus,

  • Haliburton,

  • Sabra,

  • Marzetti,

  • ATHENOS


Restraints


Negative effects such as changes in the texture due to refrigeration, transport are the greatest restraint on the market. Value addition is the best strategy in the market. Fluctuations in the price of raw materials and the lack of trading consensus for agriculture products has resulted in seasonal inflation of chick peas, soy, lentils, lemon, garlic, edible oil etc.


Segmentation


To generate an accurate assessment of the global hummus market the report has been segmented based on type, application and region.


Based on type the Hummus Market has been sub segmented by Lentil Hummus, Classic Hummus, Garlic Hummus, Edamame Hummus, Black Hummus and white bean hummus.


On the basis of application, the market has been sub-segmented by desserts, paste & spreads, sauces & dips and others.


On the basis of Region, the market has been sub-segmented by North America, Europe Asia Pacific, Middle East and Africa.


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