Hummus Market Overview, Leading Players, Segments Analysis and Growth Drivers to 2022

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.

Hummus has two types, which include classic hummus, lentil hummus, edamame hummus, garlic hummus, black hummus, white bean hummus. With fine taste of hummus, the downstream application industries will need more hummus products. So, hummus has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce more kinds of taste hummus through improving technology and adding additional agent.

The market for hummus has been increasing due to rising demand of healthy food products. Key drivers for the market are increase in awareness of gluten intolerance that’s gluten free food demands have increased; consumers are switching to hummus for weight loss and healthy dose of proteins, fibers and fats. Hence, hummus market is expected reach USD 505.96 Million at the end of the forecasted period and is expected to grow at CAGR of 9.38% from 2016 to 2022.

R&D, innovation in processing methodology, improvement in the packaging technology are the recent investment done by the manufacturers have provided various product line to consumers which is driving the market growth in the coming years. Hummus being nutritious in nature, is considered healthy alternative to various breakfast spreads.

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Major Key Players:
This report includes a study of strategies used in the market, mergers and acquisitions in hummus, multiple product launch by hummus market players. It further includes product portfolios and developments of leading major players which includes

Cedar
Wild Garden
Athenos
Sabra
Haliburton
Otria
Tribe

The global hummus market is mainly occupied by some key manufacturers. The competitive environment in this market is expected to increase with an increase in product portfolio from current key players. The high acceptance of hummus among end-users have encouraged the key player to increase the product line in the market.

North-America dominates in the global hummus market followed by Europe and Rest of the world and is projected to grow at CAGR of 7.57% during the period 2016 to 2027. Local demand is highest in the Middle-East countries.

Key Findings:
The Global Hummus Market is projected to USD 1.104 billion by 2022.
In 2016, Classic hummus accounts for the highest share and grow at rate of 8.9 %
Hummus is majorly used for paste and spread application and it accounts more than 50% market share in 2016

Study Objectives of Hummus Market:
Detail analysis of the market’s segments and sub-segments
To estimate and forecast market size by type, application and region
Value chain analysis & supply chain analysis of the market
Company profiling of major players in the market
Competitive strategy analysis and mapping key stakeholders in the market
Analysis of historical market trends and technologies along with current government regulatory requirements
To analyses key driving forces which are influencing the market
Region level market analysis and market estimation of North America, Europe, Asia, and rest of the world (RoW) and their countries

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Intended Audience:
Hummus manufactures
Continental Restaurants
Sauces & Dips Manufacturers
Traders, Importers and exporters
Sesame seeds Manufacturers
Hummus Halva Manufactures

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This release was published on openPR.