Global Hummus Market

Hummus Market Size, Share, Growth Analysis, By Type(Classic, Roasted Garlic, White Bean, Black Olive), By Packaging(Tubs/Cups, Jars/Bottles, others), By Distribution Channel(Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Online Retails.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30C2108 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 94 | Figures: 76

Hummus Market News

  • In April 2021, Ithaca Hummus introduced a 17oz sharing-size hummus. In the United States, the container comes in two flavours: lemon garlic and lemon dill. Because of the increased demand for the dip in the country, the firm introduced this larger size pack.
  • In March 2021, to broaden its dips product range, FoodStory Brands released a hummus dips line in traditional and roasted red pepper tastes in the United States under its brand Fresh Cravings.
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Hummus Market size was valued at USD 3.15 billion in 2019 and is poised to grow from USD 3.6 billion in 2023 to USD 10.21 billion by 2031, growing at a CAGR of 14.7% in the forecast period (2024-2031).

Key players concentrate on new product launches in order to expand their portfolios and maintain their prominence. The worldwide market is fragmented, with various industry participants working within it. The rising demand in numerous nations as a result of better digitization and urbanisation gives ample opportunity for market participants to innovate and broaden their worldwide presence. Companies such as Nestlé S.A., Strauss Group, Ltd., Cedar's Mediterranean Foods, Inc., The Kraft Heinz Company, and others are working on various ways to grow their significance, such as new product releases, collaborations, base expansion, and others. 'Sabra Dipping Co. LLC', 'Tribe Mediterranean Foods Inc.', 'Strauss Group Ltd.', 'Nestle SA', 'PepsiCo Inc.', 'Cedar's Mediterranean Foods Inc.', 'Boar's Head Provision Co. Inc.', 'Fountain of Health USA Inc.', 'House of Thaller Inc.', 'Haliburton International Foods Inc.', 'Mezeh Mediterranean Grill LLC', 'Tribe Hummus UK Ltd.', 'Cedar's Foods Ltd.', 'Josie's Enterprises Ltd.', 'Yarden Inc.', 'Krinos Foods LLC', 'Lantana Foods', 'The Hummus Company', 'Roots Hummus', 'Eat Well Embrace Life.'

The inclusion of numerous proteins, fiber, antioxidants, vitamins, and other nutrition constituents in hummus has greatly increased its demand. The demand for nutritious snacks, both between meals and on the go, is growing, with health indulgence playing an important role. Furthermore, the product has grown in popularity among millennials.

Vegan Trend is on the Rise: Veganism has been more popular in recent years, particularly in developed economies such as North America and Europe. The vegan movement is gaining widespread appeal as people become more concerned for animal welfare and environmental sustainability. This has significantly increased sales throughout the world since it is one of the most appreciated and popular plant-based dips.

In 2022 North America accounted for the leading position. The key element boosting regional sales is the increased production and consumption of dips and spreads in the United States. According to the USA Dry Pea & LentCouncil,  Americans store & preserve their food in the refrigerator. Along with this, the region's growing acceptance of veganism is another element affecting customer demand for such plant-based dips. Furthermore, producers are developing fresh and appealing items to capture the attention of customers.

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Global Hummus Market

Report ID: SQMIG30C2108

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