The Hummus Market is being driven by Introduction of new packaging
The Hummus Market is expected to grow at a CAGR of 13.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3489.3 million. The global hummus market is poised for significant expansion during the forecast period, driven in part by the increasing retail space globally. Traditional distribution channels, including supermarkets, hypermarkets, and convenience stores, continue to dominate hummus sales. However, online sales are gaining traction, with consumers increasingly turning to e-commerce platforms for their hummus needs. The growth of organized retail channels, particularly globally, will be a key factor fueling market growth during the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
235 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.5% |
Market growth 2025-2029 |
USD 3489.3 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
11.6 |
Key countries |
US, Canada, Australia, UK, Saudi Arabia, UAE, Germany, France, Italy, and Spain |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Hummus market encompasses various types, including Organic Hummus, Classic Hummus, Lentil Hummus, Garlic Hummus, Black Hummus, and White Bean Hummus, catering to vegan diets and veganism. These dips, rooted in Mediterranean cuisine, offer functional ingredients and immunity attributes, such as herbs and spices like turmeric, lavender, lime, and blueberry. With long shelf-life and affordability, hummus is a health-beneficial fridge staple rich in proteins, fiber, antioxidants, vitamins, and nutritional constituents. Millennials appreciate its taste, convenience, and plant-based appeal as a healthy snack, with options like Chickpea Hummus, Tahini Dip, and Chickpea Spread, making it a popular choice for vegan snacks and a versatile plant-based dip option.
The global packaged foods and meats market encompasses businesses engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors fueling the market's expansion include the health benefits linked to the consumption of minimally processed foods, such as hummus varieties like organic, classic, lentil, garlic, and black hummus, which are rich sources of essential nutrients including potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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