Global Hummus Market to Grow at a CAGR of 10.90% During 2024-2032, Driven by the Increasing Trend of Veganism

Hummus, traditionally made from blended chickpeas, tahini, oil, and salt contains protein, fibre, vitamins, and minerals. The growing focus on health and increasing inclination towards vegan diets is catering to the hummus market growth.

Globally, there is an estimated vegan population of 500 million. With the increasing vegan population due to rising concerns regarding environmental protection and sustainability, hummus is extensively being consumed as a plant-based food.

The rising demand for snack format solutions amidst the changing lifestyles of the working population is surging the consumption of hummus as it provides nutritious content in bite-size formats, in addition to being filling, functional, tasty, and protein-rich.

The rising product launches by key players are significantly contributing to the growth of the market. For instance, in May 2022, The Kraft Heinz Company (NASDAQ: KHC) one of the key players in the market, announced the launch of hummus made with the brand’s beans instead of the traditional chickpeas.

The new range of the hummus, named the Heinz Beanz Houmouz, is available in two flavours an original version and a butternut squash variety. It is made available in Ocado for Euro 2. The key ingredients of the original version include haricot beans blended with roasted tomatoes, sesame tahini and extra virgin olive oil, whereas roasted squash includes orange vegetable, olive oil, tahini, lemon juice, garlic, and rosemary topped with sunflower, pumpkin, and sesame seeds.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Type, Packaging, Distribution Channel, and Region:

• The market, on the basis of type, can be divided into classic, lentil, edamame, garlic, black, and white, among others.

• Based on packaging, the market can be divided into tubs/cups, and jars/bottles, among others.

• The various distribution channels for hummus include supermarkets and hypermarkets, convenience stores, and online, among others.

• The major regional markets for hummus include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The hummus market demand is being driven by the growing demand for vegan diets as a result of the increasing concerns regarding environmental safety on a global scale.

• The rising number of new product launches by market players is supporting the market for hummus.

• The growing incidences of health failures and the rising inclination towards maintaining healthy diets are catering to an increased consumption of hummus.

• The improved shelf life and affordability of hummus are further aiding the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global hummus market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, packaging, distribution channels, and major regions of hummus.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hummus market are Bakkavor Group Plc, Cedar’s Mediterranean Foods, Inc, The Kraft Heinz Company, Hope Foods, LLC, Tribe Hummus, Sabra Dipping Co., LLC, Hummus Goodness, Boar's Head Provision Co., Inc., Obour Foods, and Hummus Gourmet, LLC (Lantana), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.