Market Insight

Hummus Market has benefitted from the development of intercultural cuisine preference globally. Market reports connected with food, beverage, and nutrition industry have been offered by Market Research Future which creates reports on other industry verticals that intends to analyze the current market scenarios better. The market is forecasted to advance at a CAGR of 12.84% in the duration of the forecast period.

The neutral taste profile of hummus enables its easy adaption into various cuisines which has increased the expansion of the market. The market is also encouraged due to the presence of a middle eastern population in several regions globally. The development of better distribution channels is projected to intensify its availability worldwide, thus expanding its market share substantially in the coming years. The healthy ingredients used in hummus have attracted demand from the health-conscious population globally who are looking for variations in their diets, this segment is also expected to add to the growth of the hummus market positively.

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Competitive Analysis

The current implementation of strategies is likely to inspire the market in the coming years. The development of a strong value chain is moreover motivating the expansion of the market. The vertical additions and product tactics of the market are enhancing the potential of the market companies. Considerable cutbacks in administrative budgets are bringing further development of the market. the augmented conformity of market players to new clients and market trend predispositions are advancing the growth curve of the market and will continue in the forecast period. The calculated goals envisioned for the market are buoyed due to useful product differentiation supported by market contestants. The expansion of the market is moving in a favorable direction due to original product introductions or escalating gross revenue of the players in the market.

The major competitors functioning in the hummus market globally are Haliburton International Foods, Inc. (California), Cedar's Mediterranean Foods, Inc. (Massachusetts), Churny Company, Inc. (U.S.), Tribe Mediterranean Foods, Inc. (Massachusetts), Sabra Dipping Co., LLC (U.S.), T. Marzetti (U.S.) and Pita Pal Industries Inc. (Texas).

Industry Updates

Jan 2019 A leading manufacturer of healthier snacks, Blue Moose, has announced the launch of a novel snack option, the organic on the go hummus snack pack. The snack is USDA Organic Certified, Certified Gluten-Free, Non-GMO Project Verified, vegan and has no preservatives.

Segment Analysis

The segmentation of the hummus market is carried out on the basis of distribution channel, packaging, type, and region. On the basis of type, the hummus market is segmented into lentil, classic, garlic, black, white, edamame, and others. Based on packaging, the hummus market is segmented into jars/bottles, tubs/cups, and others. The segmentation based on distribution channel comprises of supermarkets & hypermarkets, convenience stores, e-commerce, and others. The regions considered in the market are Asia Pacific, Europe, North America and the rest of the world.

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Regional Analysis

The regional analysis of the hummus market includes regions such as Asia Pacific, Europe, North America and the rest of the world. The North American region holds a share of over 50% of the hummus market globally led by the U.S and is estimated to witness a CAGR of 14.24%. The increased consumption of hummus in this region has led to the expansion of new hummus products. The North American region is also the focus of intensive marketing strategies and advertisements which is witnessing an increased demand for the product. Additionally, the incidence of a significant and increasing Middle Eastern immigrant population in the region is anticipated to add impetus to the sales of hummus market in the North American region.

The incidence of numerous well-known manufacturers in the region and the stimulus of the demand concerning organic food and beverages has encouragingly impacted the progress of the hummus market in the region. The organic food & beverages has expanded its global popularity, and the demand is controlling the several opportunities for well-established packaged hummus brands in the North American region therefore leading to additional growth for the region.

The global Hummus market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 20182025. The objectives of this study are to define, segment, and project the size of the Hummus market based on company, product type, end user and key regions.

This report studies the global market size of Hummus in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Hummus in these regions.
This research report categorizes the global Hummus market by top players/brands, region, type and end user. This report also studies the global Hummus market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Strauss Sabra
Codrico Rotterdam
Haliburton International Foods
Tribe Hummus
Lancaster Colony Marzetti
Cedars Mediterranean Foods
Athenos
Vermont Hummus
Hummus Factory Sevan AB
Hope Foods
Victor Foods
SunNi Cheese Company
Jericho Foods
Kasih Food

Market size by Product
Original Hummus
Red Pepper Hummus
Roasted Garlic Hummus
Black Olive Hummus
White Bean Hummus
Others
Market size by End User
Supermarkets and Hypermarkets
Independent Retailers
Convenience Stores
Online Retailers

Market size by Region
North America
United States
Canada
Mexico
AsiaPacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa

The study objectives of this report are:
To study and analyze the global Hummus market size value & volume by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
To understand the structure of Hummus market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
Focuses on the key global Hummus companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Hummus submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Hummus are as follows:
History Year: 20132017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025

This report includes the estimation of market size for value million US$ and volume MT. Both topdown and bottomup approaches have been used to estimate and validate the market size of Hummus market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.