Hummus Market Size to Hit USD 7.414941107 Billion in 2032 | At 12.84% of CAGR

Hummus Market Overview:
By 2032, the Hummus Market is projected to exceed USD 7.414941107 Billion, with a Compound Annual Growth Rate (CAGR) of 12.84% from 2023 to 2032. Hummus has diversified its use as dips, appetisers, and spreads due to its beneficial digestive properties. Examples such as garlic, tahini, and chickpea snacks signify the growing demand for healthful snacks.
One of the key drivers behind the increased consumption of hummus is the heightened health consciousness among consumers during the epidemic. Its rich source of vitamins, minerals, and proteins aids in metabolic control, making it a favored choice. Moreover, its wide availability ensures its presence in the market. Although the outbreak initially impacted the Hummus Market, the preference for home-cooked meals led to a gradual recovery.
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Major Key Players:
Key players in the market include Haliburton International Foods Inc., Sabra Dipping Co. LLC, T. Marzetti, Churny Company Inc., Tribe Mediterranean Foods Inc., Cedar's Mediterranean Foods Inc., and Pita Pal Industries Inc.
Market Segmentations:
The Hummus Market is segmented based on hummus types, packaging materials, distribution methods, and geographic regions, allowing for substantial growth opportunities.
Hummus Types: Categories such as traditional, lentil, garlic, edamame, white, black, and others cater to diverse consumer preferences, with traditional hummus holding the highest market share.
Packaging Materials: Tubs/cups and jars/bottles dominate the market, with a growing preference for non-plastic containers.
Distribution Channels: Supermarkets and hypermarkets are primary distribution channels, but convenience stores and e-commerce platforms are gaining traction.
Market Growth Drivers:
• The increasing demand for healthy and nutritious foods.
• Rising interest in vegan and vegetarian options.
• Growing popularity of Middle Eastern cuisine.
• Expanding use of hummus in foodservice applications.
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Regional Analysis:
Geographically, North America leads the market, accounting for 50% of the global share, driven by high consumption rates and innovative product offerings. The Middle Eastern immigrant population in North America also influences sales growth.
Key Trends in the Hummus Market:
• Growth of flavored hummus.
• Rise of organic hummus.
• Increasing use of hummus in foodservice applications.
• Expansion of hummus into new markets like Asia and Latin America.
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