Hummus Market Trend, Size, Companies, Top Player, and Outlook 2024 to 2030

Hummus Market Trend, Size, Companies, Top Player, and Outlook 2024 to 2030

Global Hummus Market Overview and Insights:

Hummus Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Hummus Industry and its Yearly Growth Rate?

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. The hummus market is being driven globally by multiple factors, including the growing health consciousness among consumers, increasing inclination towards flavored & premium dips, and heightened requests for plant-based protein alternatives.

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Who are the Main Competitors Driving the Global Hummus Market Forward?

The prominent players essentially operating in the Hummus Market are as follows:

  • 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
  • Others

What are the key Drivers Defining the Global Hummus Market Size?

Surging Inclination Towards Premium & Flavored Dips – The increasing demand for unique and high-quality flavors in dips among consumers is playing a significant role in enhancing market expansion. Consumers nowadays are increasingly prioritizing dips that contain immunity-boosting premium and flavored ingredients since they help improve brain & heart health. Additionally, the ingredients, like natural herbs and spices in the dips are also becoming immensely popular since these dips help in enhancing the flavor as well as provide protection from acute and chronic diseases. In response to this growing demand, manufacturers are continuously developing innovative & premium dips that match the evolving consumer preferences and tastes. For instance:

  • In 2023, Sabra, a hummus brand, launched two flavored hummus, including a new Mediterranean Roasted garlic and Spicy Harissa, especially for consumers across the US & Midwest.

These quality-focused & flavored dips would continue to gain attention from consumers, increasing the consumption of Hummus in the forecast years as well. Furthermore, the companies are also working on improving the shelf-life & affordability of the premium hummus. This would make them more accessible to the mass population and drive the Global Hummus Market growth during 2024-30.

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What is the Segmentation of the Global Hummus Market?

The Hummus market covered in this report is segmented –

  • 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

Classic Hummus type holds the largest market share in the Global Hummus Market as it originated in the Middle East and has strong ties with multiple cultural cuisines worldwide.

  • 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
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

Key Questions Answered in the Research Report

  1. What is the predicted Hummus market size and growth rate for the years 2024-30?
  2. What challenges are restricting the growth of the Hummus market?
  3. Which segment accounted for the largest market share in the Hummus market?
  4. Which prominent companies are leading growth in the Hummus market?
  5. In what formats does Markntel Advisors deliver the concerned report descriptions?
  6. How long does it take for customers to receive the reports provided by Markntel Advisors?
  7. Does Markntel Advisors provide customized reports?

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