Authored By: Sarah
08 Feb 2024

Invest in Innovation: Global Hummus Market on the Rise, Expected to Hit USD 2.13 Billion

The global hummus market is experiencing significant growth driven by the increasing consumer preference for convenient cooking solutions. The demand for time-saving food products has spiked due to busy lifestyles and a desire for leisure.

The market is poised for substantial growth, with an estimated increase of USD 2.13 billion and a projected CAGR of 10.67% between 2022 and 2027. An emerging trend influencing this growth is the rise of the global vegan population. Veganism, driven by health considerations, is becoming increasingly popular, with natural products like hummus gaining favor among vegan consumers. The demand for hummus is further boosted by the global trend of health-conscious individuals seeking convenient, nutrient-rich, and ready-to-eat meals.

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Market Leaders Craft Alliances and Innovations for Global Palates

Manufacturers are responding by introducing sauces and seasonings that simplify kitchen tasks and offer user-friendly packaging. The trend of home-cooked meals is rising, supported by a growing number of single-person households and increased social gatherings. This shift towards convenience in cooking is expected to fuel the hummus market's expansion.

The core offerings from key players involved.

  • Boars Head Brand offers hummus for dipping with pita bread, chips, and veggies.
  • Cedars Mediterranean Foods Inc. offers Hummus such as PepperHouse Smoked Hummus, Dark Chocolate Dessert Hummus, Everything Bagel Hummus, and Fiery Chipotle Pepper Hummus.
  • Conagra Brands Inc. offers Hummus such as Organic Pumpkin Hommus, Topped Organic Hot Chili Hommus, and Topped Organic Grecian Golden Hour Hommus.

Leading companies in the hummus market, including Damai International, Deldiche NV, Fountain of Health, Haliburton International Foods Inc., and many more are adopting strategic initiatives such as alliances, partnerships, and geographical expansions to strengthen their market presence. This aligns with the diverse preferences of consumers, emphasizing Chickpea Spread, Middle Eastern Cuisine, Vegan Snacks, and Plant-Based Dip.

The hummus market is evolving to meet the appetizer trends of health-conscious consumers, offering gourmet flavors and innovative dips suitable for various international cuisines. As hummus continues to align with global food trends, its adoption in everyday meals and special occasions is expected to rise, contributing to the market's positive trajectory in the coming years. Download Hummus Market Sample Report Now

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