Hummus Market size to grow by USD 1.75 billion, Market Research Insights highlight the introduction of the new packaging as a Key Driver - Technavio

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Sep 27, 2022, 03:00 ET

NEW YORK, Sept. 27, 2022 /PRNewswire/ -- According to the research report, the Hummus Market will witness a YOY growth of 9.84% in 2022 at a CAGR of 10.41% during the forecast period. The report is segmented by application (sauces and dips, paste and spreads, and others) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

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Technavio has announced its latest market research report titled Global Hummus Market 2022-2026

Vendor Insights

The global Hummus Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. 

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

Agro Tech Foods Ltd.
Bakkavor Group PLC
Boars Head Brand
Cedars Mediterranean Foods Inc.
Damai International
Fountain of Health
Haliburton International Foods Inc.
Harvest Moon Foods
Hope Foods LLC
Hummus Goodness
Kasih Food Production Co.
Lakeview Farms LLC
Nestle SA

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Sample Report.

Geographical Market Analysis

North America will account for 37% of market growth. In North America, the US is the hummus market's primary market. The market in this region will expand more quickly than those in Europe and South America. Consumers' rising preference for Mediterranean food will support the expansion of the hummus market in North America throughout the forecast period.

Furthermore, countries such as North America, Europe, APAC, the Middle East and Africa, and South America are expected to emerge as prominent markets for Hummus Market during the forecast period. Download Free Sample Report.

Key Segment Analysis

The market share rise of hummus in the sauces and dips category would be high. Most often eaten as a dip, hummus is believed to have a number of health advantages, including being a good source of plant protein, managing blood sugar levels, and lowering the risk of heart disease. Given the abundance of natural ingredients in hummus, including chickpeas, garlic, lemon, and olive oil, it is regarded as a natural product when compared to other dips sold on the market. As a result, during the projection period, the desire for food products made with natural ingredients will contribute to an increase in hummus dip sales.

Key Market Drivers & Challenges:

One of the elements fueling the expansion of the hummus business is the introduction of new packaging. Having fresh and appealing packaging makes products more noticeable. Additionally, packaging extends the shelf-life of goods and gives suppliers a platform to promote their businesses. Vendors spend a lot of money developing fresh, eye-catching packaging for their goods.

One of the major hummus market trends driving the market's expansion is the expansion of retail space. Supermarkets, hypermarkets, and convenience stores have historically been the primary sales channels for hummus products.

However, one of the main things impeding the expansion of the hummus industry is the consequences of natural disasters. Garlic and chickpeas are two of the main ingredients needed to make hummus, and both of these ingredients are cultivated in response to external influences like natural disasters and crop illnesses. Additionally, a number of plant diseases that can impair the production of hummus throughout the projected period can affect the growth of garlic and other raw materials.

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Hummus Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 10.41%
Market growth 2022-2026	$ 1.75 billion
Market structure	Fragmented
YoY growth (%)	9.84
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 37%
Key consumer countries	US, Saudi Arabia, United Arab Emirates, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Agro Tech Foods Ltd., Bakkavor Group PLC, Boars Head Brand, Cedars Mediterranean Foods Inc., Damai International, Fountain of Health, Haliburton International Foods Inc., Harvest Moon Foods, Hope Foods LLC, Hummus Goodness, Kasih Food Production Co., Lakeview Farms LLC, Nestle SA, Sabra Dipping Co. LLC, SAJJ Mediterranean, Strauss Group Ltd., T. Marzetti Co., The Huda Bar, The Kraft Heinz Co., and Walgreens Farms Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Consumer Staples" Research Reports

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Sauces and dips - Market size and forecast 2021-2026

Exhibit 28: Chart on Sauces and dips - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Sauces and dips - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Sauces and dips - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Sauces and dips - Year-over-year growth 2021-2026 (%)

5.4 Paste and spreads - Market size and forecast 2021-2026

Exhibit 32: Chart on Paste and spreads - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Paste and spreads - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Paste and spreads - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Paste and spreads - Year-over-year growth 2021-2026 (%)

5.5 Others - Market size and forecast 2021-2026

Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Application

Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026

Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Saudi Arabia - Market size and forecast 2021-2026

Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)

7.12 United Arab Emirates - Market size and forecast 2021-2026

Exhibit 82: Chart on United Arab Emirates - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on United Arab Emirates - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on United Arab Emirates - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on United Arab Emirates - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 89: Overview on factors of disruption

9.4 Industry risks

Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 91: Vendors covered

10.2 Market positioning of vendors

Exhibit 92: Matrix on vendor position and classification

10.3 Bakkavor Group PLC

Exhibit 93: Bakkavor Group PLC - Overview
Exhibit 94: Bakkavor Group PLC - Business segments
Exhibit 95: Bakkavor Group PLC - Key offerings
Exhibit 96: Bakkavor Group PLC - Segment focus

10.4 Boars Head Brand

Exhibit 97: Boars Head Brand - Overview
Exhibit 98: Boars Head Brand - Product / Service
Exhibit 99: Boars Head Brand - Key offerings

10.5 Cedars Mediterranean Foods Inc.

Exhibit 100: Cedars Mediterranean Foods Inc. - Overview
Exhibit 101: Cedars Mediterranean Foods Inc. - Product / Service
Exhibit 102: Cedars Mediterranean Foods Inc. - Key offerings

10.6 Fountain of Health

Exhibit 103: Fountain of Health - Overview
Exhibit 104: Fountain of Health - Product / Service
Exhibit 105: Fountain of Health - Key offerings

10.7 Hummus Goodness

Exhibit 106: Hummus Goodness - Overview
Exhibit 107: Hummus Goodness - Product / Service
Exhibit 108: Hummus Goodness - Key offerings

10.8 Lakeview Farms LLC

Exhibit 109: Lakeview Farms LLC - Overview
Exhibit 110: Lakeview Farms LLC - Product / Service
Exhibit 111: Lakeview Farms LLC - Key offerings

10.9 Nestle SA

Exhibit 112: Nestle SA - Overview
Exhibit 113: Nestle SA - Business segments
Exhibit 114: Nestle SA - Key news
Exhibit 115: Nestle SA - Key offerings
Exhibit 116: Nestle SA - Segment focus

10.10 Sabra Dipping Co. LLC

Exhibit 117: Sabra Dipping Co. LLC - Overview
Exhibit 118: Sabra Dipping Co. LLC - Product / Service
Exhibit 119: Sabra Dipping Co. LLC - Key offerings

10.11 Strauss Group Ltd.

Exhibit 120: Strauss Group Ltd. - Overview
Exhibit 121: Strauss Group Ltd. - Business segments
Exhibit 122: Strauss Group Ltd. - Key offerings
Exhibit 123: Strauss Group Ltd. - Segment focus

10.12 T. Marzetti Co.

Exhibit 124: T. Marzetti Co. - Overview
Exhibit 125: T. Marzetti Co. - Product / Service
Exhibit 126: T. Marzetti Co. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 127: Inclusions checklist
Exhibit 128: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 129: Currency conversion rates for US$

11.4 Research methodology

Exhibit 130: Research methodology
Exhibit 131: Validation techniques employed for market sizing
Exhibit 132: Information sources

11.5 List of abbreviations

Exhibit 133: List of abbreviations

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