According to the Market Statsville Group (MSG), the global hummus market size is expected to grow from USD 3,310.1 million in 2022 to USD 9,974.7 million by 2033, at a CAGR of 12.4% from 2023 to 2033.
The hummus market has experienced significant growth in recent years, driven by rising demand for healthy and nutritious snack options. Hummus is a famous Middle Eastern dip made from tahini, chickpeas, olive oil, lemon juice, and garlic, among other ingredients. It is high in fiber, protein, and other nutrients, making it a healthy and flavorful option for consumers seeking healthy snack alternatives. The global hummus market is expected to grow steadily over the next few years, driven by increasing demand for plant-based and healthy food options. Key growth drivers include rising health awareness, growing interest in vegan and vegetarian diets, and the availability of innovative and exciting flavors.
Hummus is a popular Middle Eastern dip or spread made from cooked and mashed chickpeas, tahini (a paste made from ground sesame seeds), olive oil, lemon juice, garlic, and other seasonings such as salt, cumin, and paprika. Hummus has a creamy texture and a savory, slightly tangy taste, making it a versatile and delicious food. Hummus is a nutrient-dense food rich in fiber, protein, minerals, healthy fats, and essential vitamins. It is a popular choice for vegetarians, vegans, and anyone looking for a healthy and delicious snack or meal option. Hummus can be enjoyed individually as a dip for pita bread or vegetables or as a spread for burgers, sandwiches, and wraps. In recent years, the popularity of hummus has grown significantly, and it is now widely available in supermarkets and restaurants worldwide. The availability of new flavors and variations of hummus makes it an exciting and versatile food for tastes and preferences, directly targeting many customers.
The increasing demand for healthy and nutritious snack options has boosted the market for hummus as a healthy and flavorful dip or spread. On the other hand, the pandemic disrupted supply chains and changes in consumer preferences have affected the market. The major challenges faced by the hummus market during the pandemic has been the disruption of supply chains due to lockdowns and travel restrictions. This has led to shortages of key ingredients such as chickpeas and tahini and disruptions to production and distribution channels.
The study categorizes the hummus market based on type, and distribution channel area at the regional and global levels.
Based on the type, the market is divided into classic, roasted garlic, white bean, black olive, red pepper, and others. The roasted garlic segment accounted for the largest CAGR during the forecast period. This is due to the increasing demand for flavorful and innovative hummus varieties and the popularity of roasted garlic as an ingredient in a wide range of foods. Roasted garlic adds a rich, savory flavor to hummus that is highly appealing to consumers, and it also has potential health benefits, including anti-inflammatory and immune-boosting properties. In addition, roasted garlic is a natural preservative, which can help extend the shelf life of hummus and reduce the need for artificial preservatives. Further, the increasing consumer interest in plant-based diets, the rising popularity of Mediterranean cuisine, and the availability of new and innovative hummus products with a variety of flavors and ingredients are various factors that contribute to the growth of the roasted garlic segment in the hummus market.
Based on the regions, the global hummus market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America accounted for the largest market share in 2022. the high disposable income of consumers in North America, as well as their willingness to pay premium prices for high-quality and innovative products, has also contributed to the growth of the hummus market in the region. The increasing availability of hummus products in supermarkets, specialty stores, and online platforms has also made it easier for consumers to purchase and enjoy hummus as a healthy and convenient snack or meal option.
The hummus market is a significant competitor and extremely cutthroat in the sector is using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
Frequently Asked Questions
Want to Review Complete Market Research Report
Budget constraints? Get in touch with us for special pricing
Request for Special PricingCustomize this Report
Related Reports
Cooking Oil Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030
Mar 2024Aquafeed Market: Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033
Mar 2024Quinoa Seed Market: Industry Size, Growth, Emerging Trends, Regional Analysis, Opportunities, and Forecast By 2033
Mar 2024Milk Based Beverage Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030
Mar 2024Antifreeze Proteins Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Development Scenario, Opportunities, and Forecast By 2027
Mar 2024