SYDNEY, April 25, 2023 (GLOBE NEWSWIRE) -- "Hummus Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. The comprehensive Hummus market research report has been generated with the systematic gathering and assessment of market information for the Hummus industry, which is presented in a form that explains various data to the business. This report offers exact information about market trends, industrial changes, consumer behavior etc. The market data presented in the report helps to recognize different market opportunities present internationally. It is always beneficial for any company, whether it is a small scale or large scale, to choose such market research report for marketing its products or services. Analytical study of an influential Hummus market report guides in formulating growth strategies to augment sales and build brand image in the market.
An exceptional Hummus marketing report contains the most up-to-date market information with which companies can have in depth analysis of the Hummus industry and future trends. With the market statistics mentioned in the report, it has become possible to get a global perspective for international business. By knowing the marketing strategies of rivals, businesses can set up pioneering ideas and striking sales targets which ultimately make them achieve a competitive advantage over its competitors. Thus, the Hummus market document acts as an imperative tool to have increments in business activities, qualitative work done, and enhanced profits.
Global hummus market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.7% in the forecast period of 2023 to 2030 and is expected to reach USD 9,571.42 million by 2030. The major factor driving the growth of the Global Hummus Market is rise in the number of new product launches with various flavours combinations.
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The most well-known Mediterranean and Middle Eastern dish is hummus. It is primarily made from pureed chickpeas, along with lemon, tahini paste, olive oil, and spices such roasted garlic, roasted red peppers and onion. Parsley, chopped tomatoes or cucumbers, pine nuts are also sometimes included in production of hummus. Hummus mostly consists of the chickpeas that is good source of protein, resistant starch, polyunsaturated fatty acids, dietary fiber and various minerals and vitamins such as thiamine, riboflavin, phosphorus, folate, niacin, calcium, and potassium. The high protein content in the hummus makes it a go to option for vegan people to use it as a dips or spreads along with breads and chips. Hummus too has low glycemic index, therefore it does not spikes blood sugar level when compared to other high-carb foods.
Hummus is known for being a clean, healthful dish. Hummus comes in a variety of flavors in the United States and other Western countries. Hummus can be found in basic versions with simply chickpeas and perhaps a vegetable or two for flavour, or in "multi-layer" type hummuses with extra components like olive oil and spices.
Global hummus market report provides details of market share, new developments, and the impact of domestic and localized market players, analysis opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Competitive Landscape
The research promotes high-end commercialization and profit-steering opportunities, and it takes market dimensions and volatility into account.
This section of the report also focuses on accurately decoding the competitive landscape with astute high-end identification of frontline players, complete with an in-depth analytical study of their business choices and investment discretion, to ensure thoroughly impeccable investor participation and noteworthy growth prospects.
To ensure a smooth ride and hopeful business returns despite numerous odds and unprecedented hurdles, this research has carefully gauged facts pertaining to portfolio advancements, geographical presence, and other essential market details.
Recent Developments
- In June 2021, the leading producer and co-manufacturer of hummus in the country, CEDAR’S MEDITERRANEAN FOODS, INC. has increased distribution to include Amazon Fresh. With more than 8,000 locations nationwide, including Whole Foods Market, Sprouts, Kroger, and Publix, Cedar's is a leading Mediterranean food brand in the natural and organic grocery channel. It will help the company to expand their business and reach to wider customer reach.
- In November 2019, Hannah Foods launched a new product called roasted red pepper cauliflower hommus, which has been a huge success in the Costco Southeast Region. They are pleased to announce that roasted red pepper cauliflower hommus will be available at all Costco Southeast Region locations beginning in January. This enables the corporation to attract more clients who prefer ready-to-eat foods, hence increasing output and income.
- In September 2019, Boar’s Head Brand launched its new FallSpice Selection Pumpkin Pie Dessert Hummus. The hummus is prepared with organic sugar, actual pumpkin, chickpeas, vanilla beans, and pleasant fall spices like cinnamon and nutmeg. The product launch will help to attract the customers who engages in trying different flavours of hummus.
The Hummus Market is Dominated by Firms Such as
- Lancaster Colony Corporation
- SABRA DIPPING CO., LLC
- Bakkavor Group plc
- Boar’s Head Brand
- Tribe Mediterranean Foods, Inc.
- SAVENCIA SA
- Abraham's Natural Foods
- Ithaca Hummus
- CEDAR’S MEDITERRANEAN FOODS, INC.
- Lantana Foods
- Haliburton International Foods, Inc.
- Roots Hummus
- Hannah Foods
- PELOPAC INC.
- Haig’s Delicacies
- Kasih Food
- Lilly’s Foods
- Elma Farms
- ESTI FOODS
- Sevan AB
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To derive our market estimates and forecasts, we employ simulation models that are tailored for each study. We gather information on market dynamics, technology landscape, application development, and pricing trends, which are then fed into the model and analyzed simultaneously. We compare these factors and quantify their impact on the forecast period using correlation, regression, and time series analysis. Our market forecasting is performed using a combination of economic tools, technological analysis, and our team's industry experience and domain expertise.
Opportunities for Key Players:
- RISING POPULARITY OF MEDITERRANEAN FOOD IN EMERGING MARKETS
In recent years, Mediterranean food has become popular worldwide. The Mediterranean food is filled with plant-based food that consists of olive oil, whole grains, beans and other legumes, vegetables, spices, nuts, and herbs. Various research studies have shown that the Mediterranean diet has potential to lower the cardiovascular disease risk and other chronic diseases. Mediterranean diet is also suggested from health professionals due to the limited amount of trans fat and saturated fat, omega-3 fatty acids, lower sodium, lesser refined carbohydrates, and high amount of dietary fiber. Foods like pita bread, hummus, fattoush salad, and baklava are few of the famous Mediterranean based food famous whole over the world.
Hummus too have health related benefits as it consists of various healthy ingredients such as chickpeas, olive oil, lemon juice, and tahini. It is a good source of protein for the population who follow vegan diet. The hummus is also convenient for packaging in small containers and is a health snack option. In rising economical regions such as Asia and Africa, there has been also growing market of Mediterranean food that offers a wide range of opportunity for growth of Global hummus market.
- TECHNOLOGICAL ADVANCEMENTS IN HUMMUS MANUFACTURING
Hummus has found its popularity across the world. The health benefits and rise of vegan population have boosted the demand of humus. In recent years there has been increasing technological advancements in hummus manufacturing. The rise of technological advancements have further increased the quality and quantity of hummus produced. The production of hummus starting from the peeling of chickpeas, roasting, grinding, mixing, and filling of hummus in the packets is done automatically in machines without any intervention of human touch.
Moreover, the preservation of hummus is one of the highly researched area regarding to the technological advancements. High pressure processing is one of the highly research method to preserve and sterilize hummus using pressure without using any preservatives. In addition to there has been advancements in packaging technology. Manufacturers too are shifting towards sustainable, recyclable, eco-friendlier, and flexible packaging applications for storage of hummus.
Key Market Segments Covered in Hummus Industry Research
Type
- Classic Hummus
- Red Pepper Hummus
- Roasted Garlic Hummus
- Black Olive Hummus
- Lentil Hummus
- Edamame Hummus
- White Bean Hummus
Raw Material
- Chickpeas
- Beans
- Green Peas
- Red Lentil
- Eggplant
Packaging
- Tubs / Cups
- Pouch
- Bottled
- Jars
Origin
- Conventional
- Organic
Emulsion Type
- Permanent
- Semi-Permanent
- Temporary
Fat Content
- Regular
- Low Fat
- Fat Free
Packaging Material
- Polymers
- Metal
- Glass
Application
- Paste & Spreads
- Sauces & Dips
- Desserts
- Confectionery
Distribution Channel
- B2C
- B2B
End-User
- Household/Retail
- Commercials
- Industrial
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Key Industry Drivers:
- RISE IN THE NUMBER OF NEW PRODUCT LAUNCHES WITH VARIOUS FLAVOURS COMBINATION
Hummus is a famous Mediterranean spread and as a dip it is high in vitamin, mineral, fiber, and protein content. The ingredients of hummus such as chickpeas, tahini, and olive oil are too well known superfoods. Due to such high nutritional value and benefits, the popularity of hummus is increasing worldwide. There has also been rise in consumer spending towards packaged hummus items. The vegans are too shifting towards the hummus as the snacking option as it is a good source of plant-based protein.
The hummus is mostly used as a veggie dip along with celery, carrots, bell pepper, cucumber slices, snow peas, or broccoli. They are also used as a dip or spreads with pita bread, pretzel chips, crackers, rolls, and sandwich filling. In addition, the trend of snacking through ready to eat options is also a driving force of sales of hummus in the Global market. To attract the new consumers, the manufacturers are trying to launch different flavours. The traditional flavours are too famous, but to attract new customers the manufacturers are developing new type of flavored hummus. Moreover, to reach to the new markets the producers are developing regional taste hummus.
- HEALTH BENEFITS ASSOCIATED WITH CONSUMPTION OF HUMMUS
A traditional Middle Eastern dish called hummus is produced from pureed cooked chickpeas. It frequently includes extra flavorings, such as tahini, lemon juice, salt, and olive oil. The hummus has been a staple diet in the Mediterranean, Middle East, and North African regions. Hummus mostly consists of the chickpeas that is good source of protein, resistant starch, polyunsaturated fatty acids, dietary fiber and various minerals and vitamins such as thiamine, riboflavin, phosphorus, folate, niacin, calcium, and potassium. Along with, chickpeas, tahini is also one of the ingredients to manufacture hummus. It is a paste made out of toasted ground sesame that is composed of antioxidant lignans, unsaturated fatty acids, tocopherols and minerals consisting of phosphorus and calcium.
Hummus Market Regional Analysis/Insights:
The countries in the Hummus Market Report are the North America is segmented into U.S., Canada, and Mexico. Europe is segmented into U.K., Germany, France, Italy, Poland, Spain, Netherlands, Switzerland, Sweden, Turkey, Belgium, Russia, Denmark, Rest of Europe. Global is segmented into China, Japan, South Korea, India, Australia, Singapore, Indonesia, Philippines, Thailand, Vietnam, New Zealand, Malaysia, Rest of Global. South America is segmented into Brazil, Argentina, and the Rest of South America. The Middle East & Africa is segmented into Saudi Arabia, U.A.E, Oman, Kuwait, Qatar, South Africa, Rest of Middle East and Africa. North America is dominating the global hummus market in terms of market share and market revenue due to the increasing popularity of Mediterranean food in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of new brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
It's in your best interest to take this report into consideration because:
- Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
- A complete picture of the competitive scenario of Hummus market is depicted by this report.
- The wide range of research on how these innovations may affect market expansion in the future.
- The report's findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
- The potential, threats, and difficulties in the Hummus market, as well as the factors driving and restraining it, are discussed at length.
- It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
- This study provides a number of strategic business approaches to assist you in making educated business decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Hummus Market: Regulations
- Market Overview
- Global Hummus Market, By Type
- Global Hummus Market, By Raw Material
- Global Hummus Market, By Packaging
- Global Hummus Market, By Origin
- Global Hummus Market, By Emulsion Type
- Global Hummus Market, By Fat Content
- Global Hummus Market, By Packaging Material
- Global Hummus Market, By Application
- Global Hummus Market, By Distribution Channel
- Global Hummus Market, By End-User
- Global Hummus Market, By Region
- Global Hummus Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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