Hummus Market Share, Growth, Trends, Key Players, Investment Opportunities and Future Scope 2030: Markntel Advisors

 MarkNtel Advisors has recently published a research report that delves into the Hummus Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.

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Hummus Market Insight and Analysis:

The Global Hummus Market size was valued at USD 4.5 billion in 2023 & is projected to reach USD 8.25 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.58% during the forecast period, i.e. 2024-2030

Global Hummus Market Trend:

Increasing Adoption of Vegan Diet & Organic Food – The prevalence of veganism has significantly increased in developed economies such as North America and Europe due to the awareness of animal cruelty & environmental sustainability. As per the Vegan Society, a Non-Profit Organization, among the total population, about 2.6 million individuals in Europe are vegan. With this rising vegan population, worldwide sales of vegan hummus have increased tremendously since these dips are entirely made from plant-based sources. Moreover, along with the vegan consumers, the individuals supporting cruelty-free products are also shifting towards plant-based and organic hummus. Thus, the organic hummus industry is experiencing growth.

Moreover, manufacturers are introducing new and improved organic variants due to the elevated demand for vegan hummus. In 2023, Little Sesame, an organic hummus brand, introduced its new range of organic hummus in all the stores across the US and other countries. These newly launched products have a bold new packaging design with plastic-neutral certification and contain organic flaxseed oil, attracting consumers looking for functional benefits & uplifting the Global Hummus Market growth.

 Hummus Industry Segmentation:

-By Type

-Classic Hummus– Market Size & Forecast, 2019-2030, USD Million

-Roasted Garlic Hummus– Market Size & Forecast, 2019-2030, USD Million

-Lentil Hummus- Market Size & Forecast, 2019-2030, USD Million

-White Bean Hummus- Market Size & Forecast, 2019-2030, USD Million

-Black Olive hummus- Market Size & Forecast, 2019-2030, USD Million

-Others (Red Pepper Hummus, Edamame Hummus, etc.)– Market Size & Forecast, 2019-2030, USD Million

-By Packaging Type

-Tubs/Cups- Market Size & Forecast, 2019-2030, USD Million

-Pouch- Market Size & Forecast, 2019-2030, USD Million

-Bottles/Jars– Market Size & Forecast, 2019-2030, USD Million

-By Application

-Paste & Spreads- Market Size & Forecast, 2019-2030, USD Million

-Sauces & Dips- Market Size & Forecast, 2019-2030, USD Million

-Desserts- Market Size & Forecast, 2019-2030, USD Million

-Others (Confectionery, etc.)- Market Size & Forecast, 2019-2030, USD Million

-By End User

-Households- Market Size & Forecast, 2019-2030, USD Million

-Food Service Outlets- Market Size & Forecast, 2019-2030, USD Million

-By Sales Channel

-Offline Stores- Market Size & Forecast, 2019-2030, USD Million

-Supermarkets/Hypermarkets- Market Size & Forecast, 2019-2030, USD Million

-Convenience Stores- Market Size & Forecast, 2019-2030, USD Million

-Grocery Stores- Market Size & Forecast, 2019-2030, USD Million

-Others (Specialty Stores, etc.)- Market Size & Forecast, 2019-2030, USD Million

-Online Retails– Market Size & Forecast, 2019-2030, USD Million

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Geographically Analysis:

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including Athenos, Cedar’s Mediterranean Foods, Inc., Haliburton International Foods, Inc., Strauss Group, Ltd., Tribe Hummus, Bakkavor Group Plc, Boar’s Head Brand, Aliments du Québec (Hummus Gourmet, LLC), The Kraft Heinz Company, Hope Foods, LLC, Sabra Dipping Co., LLC, Marzetti Company, Sevan AB, Lantana Foods, Hummus Goodness, and Others

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About Us:

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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