Hummus Market Research Report – Forecast to 2027

Hummus Market Research Report - by Type (Classic Hummus, Lentil Hummus, Edamame Hummus, Garlic Hummus, Black Hummus and White bean Hummus) Packaging (Tubs/Cups, Jars/Bottles and others) and by Distribution Channel - Forecast till 2027

ID: MRFR/F-B & N/1056-CR | February 2021 | Region: Global | 116 pages         

Hummus Market

Hummus Market size is projected to reach approximately USD 6682.18 million by 2027, at a CAGR of 12.84% from 2020 to 2027.

Segmentation

By Type Classic Hummus Lentil Hummus Edamame Hummus Garlic Hummus Black Hummus White bean Hummus
By Packaging Tubs/Cups Jars/Bottles others
By Distribution Channel Convenience Stores Supermarkets & Hypermarkets E-Commerce Others

Key Players

  • Haliburton International Foods Inc. (California)
  • Sabra Dipping Co. LLC (U.S.)
  • T. Marzetti (U.S.)
  • Tribe Mediterranean Foods Inc. (Massachusetts)
  • Churny Company Inc. (U.S.)
  • Cedar's Mediterranean Foods Inc. (Massachusetts)
  • Pita Pal Industries Inc. (Texas).

Drivers

  • Growing Demand For Plant Based Protein
  • Rising Trend Towards Healthy Diet Among The Population
  • Growing Demand For Packed Hummus Products
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Hummus Market Overview:


The hummus market might experience market restraints due to fluctuations in the prices of raw materials. With many innovations going on with the recipe, various types of ingredients are bound to be explored. And to keep up with their healthy standard, many raw materials can get pricy. Furthermore, distributing them across many global regions can again raise their price value.


All the market players observe all kinds of market restraints from their hummus market outlook to develop the hummus industry while bringing lots of innovative and productive results to the industry.


Market Growth Challenges


Even though preparing hummus would require fewer raw materials and a limited number of ingredients involved, most of them are plant-based and include fats. This might influence the hummus products' price and yield due to changes in climate conditions fluctuation. This potentially can create a challenging condition in the hummus market growth.


In addition to this, the hummus market predicts growth, with the market players' rate of developing various strategies to counter these challenges. With an innovative approach, the global market can witness more growth in the forecast period.


Cumulative Growth Analysis


The hummus market analysis report shows many growth factors for the Global Market. With consumers acquiring a more health-conscious mindset, there is an increasing demand for organic hummus. The manufacturers also cater to that demand, offering ample opportunity for growth in the global Market Share. Product manufacturers are producing vegan, non-GMO, gluten-free, and kosher hummus that is safe to consume and in high demand in the hummus industry.


As the players use intelligent market strategies and advertising, the hummus market forecast is expecting rapid expansion.


Market Segment Overview


The hummus market has more scope for development as it is segmented into hummus types, packaging materials, distribution channels, and regions.


By Type


The market is classified into classic, lentil, garlic, edamame, white, black, and others based on the hummus type segment. According to the market analysis report, classic hummus currents have the most value in the global Hummus Industry Share. Consumers prefer the original hummus flavor, and there is an expectation of 13.42% growth in the CAGR of the forecast period.


By Packaging material


Packaging materials, such as tubs/cups, jar/bottles, and others further segment the market. Tubs/cups have a major share in the market as they come with variable serving sizes convenient for packaging products. The jars/bottles expect to bring more hummus industry revenue as consumers prefer non-plastic containers that allow more storage.


By Distribution Channel


Distribution channels such as convenience stores, supermarkets, hypermarkets, e-commerce, etc further segregate the hummus market. The Supermarkets & hypermarkets acquire 65.4% of the total market share, as consumers find an extensive collection range available easily in such channels. But as the product is getting highly popular in convenience stores and e-commerce retails, it is helping with driving hummus sales in the global market. 


Regional Analysis


Geographically, the market is classified into various market regions such as Asia Pacific, North America, Europe, and the rest of the world. North America is considered the largest global market as its shares up to 50% of the Hummus Market Share led by the U.S. and is expected to grow the rate of CAGR at 14.24%. This region is considered to have a high hummus consumption rate while developing innovative hummus products. Additionally, there is a growing rate of the immigrant population from the Middle Eastern population in North America, influencing sales growth. Furthermore, their intensive marketing strategies and advertisements are leading to the increasing demand for these products globally, 


Competitive Landscape Analysis


According to the global report for Hummus Market Share, there is high competition across the globe. Some of the major key players are:



  • Sabra Dipping Co., LLC

  • Haliburton International Foods, Inc.

  • Tribe Mediterranean Foods, Inc.


The global market includes many diversified international competitors with a multitude of dynamics. New players are entering this competitive landscape, driving the hummus market.


Recent Development



  • In May 2018, SAJJ Mediterranean Launched the chocolate hummus low in fat, sodium, and carbohydrates.

  • In April 2018, Sabra Dipping Co. launched a new hummus recipe featuring jackfruit.


Report Overview


According to hummus market analysis, various quantitative and qualitative analyses have been done to measure the performance of the global market. The report bears information regarding market segments, market dynamics, market overview, regional analysis, competitive analysis, and some recent developments in the market.


Other than that, the Market analysis report also highlights various key market strategies the market leaders are putting into action to drive the growth of the hummus market in the forecast years. 


Segmental Table


By Type



  • Classic

  • Garlic

  • Lentil

  • Edamame

  • White

  • Black

  • Others


By Packaging Material



  • Tubs/Cups

  • Jars/Bottles

  • Others


By Distribution Channel



  • Convenience Stores

  • Supermarkets & Hypermarkets

  • E-Commerce

  • Others


By Region


North America



  • US

  • Canada

  • Mexico


Europe



  • The U.K.

  • Germany

  • France

  • Spain

  • Italy


Rest of Europe



  • Asia Pacific

  • China

  • Japan

  • India

  • Taiwan

  • Republic of Korea

  • Rest of Asia Pacific


Rest of the world



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Frequently Asked Questions (FAQ) :

Hummus Market valuation was USD 200 million.

Hummus Market CAGR would be 12.84% during the forecast period.

Hummus Market valuation would be USD 6682.18 million by 2027.

Players involved are Haliburton International Foods, Inc. (California), Sabra Dipping Co., LLC (U.S.), T. Marzetti (U.S.), Tribe Mediterranean Foods, Inc. (Massachusetts), Churny Company, Inc. (U.S.), Cedar's Mediterranean Foods, Inc. (Massachusetts), and Pita Pal Industries Inc. (Texas).

The tubs/ cups market would dominate Hummus Market.

Escalating demand for low-fat, high-protein snacks is adding fuel to the growth of hummus market


Major key players listed in the hummus market include Sabra Dipping Co., LLC, Haliburton International Foods, Inc., and Tribe Mediterranean Foods, Inc. among many others. The listed players account for the major share in the global hummus market. The established players are identified to follow certain strategies to sustain their consumer base to compete with the new players entering in the hummus market.


Sabra Dipping Co., LLC is among the renowned players in the hummus market. The company has been established in 1986 and operates in manufacturing and trade of hummus, guacamole, Greek yogurt dips, salsas, and vegetarian sides. The company has a strong inclination towards technological advancements to cater to emerging consumers and food market trends, and deliver high impact and value to its customers. The company also emphasizes on strengthening their portfolio in dips segment to expand their business.


Haliburton International Foods, Inc. is another established player listed in the hummus market. The company works towards strengthening its product portfolio to stand out in the hummus market. They have a strong market position in the U.S. and work towards generating high revenue through their offerings. The company is deeply committed to new product development in terms of adding new flavors and taste in its existing product range; driving sustained long-term growth through greater flexibility. They also indulge in various promotional activities to support their sales of hummus product-line.


Tribe Mediterranean Foods, Inc. is also considered as one of the established players in the hummus market with strong foothold across the U.S. believes in collaborating with various partners across the supply chain to offer advanced products to the consumers. They are also emphasizing increasing their production capacity by expanding their existing capacity and expanding their geographical reach.


Other prominent players in the market include Churny Company, Inc., Pita Pal Industries Inc., Cedar's Mediterranean Foods, Inc., T. Marzetti Company and other players. These companies are focusing on product promotions, new product launch, and acquisition of relative businesses to expand their geographical presence and customer base. Additionally, the companies are inclined towards process improvisations and strengthening their marketing base.