Press release
Hummus Market Projected to Generate Huge Profits by 2022: Vendors - Sabra, Haliburton, Tribe Hummus, Marzetti, Cedar's Mediterranean Foods, Inc. and Athenos
Market Overview:Hummus is a Levantine and Egyptian food dip or spread made from cooked, mashed chickpeas or other beans, blended with tahini, olive oil, lemon juice, salt and garlic. Today, it is popular throughout the Middle East (including Turkey), North Africa (including Morocco), and in Middle Eastern cuisine around the globe.
In consumption market, the global consumption value of hummus increases with the 8.8% average growth rate. USA and the Middle East are the mainly consumption region due to the bigger demand of downstream applications. In 2015, USA occupied 34% of the global hummus consumption volume in total in 2015. Hummus market has been growing with increase in demand for Mediterranean foods. Currently, there are many producing companies in North America and Middle-East. The key players profiled in Global Hummus Market report include- Sabra, Haliburton, Otria, Tribe, Cedar, Wild Garden, and Athenos. The Middle East production of hummus is increasing in recent years.
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Competitive Analysis:
The leading market players in the Global Hummus Market primarily are Sabra, Haliburton, Tribe Hummus, Marzetti®, Cedar's Mediterranean Foods, Inc. and Athenos.
Manufacturers engaged in the industry are trying to produce more kinds of taste hummus through improving technology and adding additional agent. The major raw materials for hummus are chick peas, soy and other lentils (beans), lemon, garlic, olive oil or edible oil and salt. Fluctuations in the price of the upstream product will impact on the production cost of hummus. The production cost of hummus is also an important factor which could impact the price of hummus. The hummus manufacturers are trying to reduce production cost by developing production method.
Regional Analysis
Today, the packaged hummus has grown into an estimated as a multimillion business in the US. Strong growth can be seen in Denmark, Sweden and Finland. This could be explained by the growing numbers of immigrants from the Middle East to these rich Scandinavian countries. Another rather surprising region of strong growth is in South America. This can be better seen when typing humus with one m. Countries such as Peru, Columbia, Argentina and Chile never used to be strongholds of hummus. Humus flourishes in these countries even without an influx of humus loving immigrants.
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Table of Contents
1 MANUFACTURING COST STRUCTURE ANALYSIS OF HUMMUS
2 PRODUCTION AND REVENUE ANALYSIS OF HUMMUS BY REGIONS, AND TYPES
3 GLOBAL AND MAJOR REGIONS CONSUMPTION VOLUME, CONSUMPTION VALUE AND GROWTH RATE OF HUMMUS 2011-2016
4 GLOBAL CONSUMPTION VOLUME AND CONSUMPTION VALUE OF HUMMUS BY TYPES 2011-2016
5 SUPPLY, IMPORT, EXPORT AND CONSUMPTION ANALYSIS OF HUMMUS
6 MAJOR MANUFACTURERS ANALYSIS OF HUMMUS
7 INDUSTRY CHAIN ANALYSIS OF HUMMUS
Continued…..
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