The Global Hummus Market size was valued at USD 4.5 billion in 2023 & is projected to reach USD 8.25 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.58% during the forecast period, i.e. 2024-2030.
Global Hummus Market Driver:
Surging Inclination Towards Premium & Flavored Dips – The increasing demand for unique and high-quality flavors in dips among consumers is playing a significant role in enhancing market expansion. Consumers nowadays are increasingly prioritizing dips that contain immunity-boosting premium and flavored ingredients since they help improve brain & heart health. Additionally, the ingredients, like natural herbs and spices in the dips are also becoming immensely popular since these dips help in enhancing the flavor as well as provide protection from acute and chronic diseases. In response to this growing demand, manufacturers are continuously developing innovative & premium dips that match the evolving consumer preferences and tastes. For instance:
- In 2023, Sabra, a hummus brand, launched two flavored hummus, including a new Mediterranean Roasted garlic and Spicy Harissa, especially for consumers across the US & Midwest.
These quality-focused & flavored dips would continue to gain attention from consumers, increasing the consumption of Hummus in the forecast years as well. Furthermore, the companies are also working on improving the shelf-life & affordability of the premium hummus. This would make them more accessible to the mass population and drive the Global Hummus Market growth during 2024-30.
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Hummus Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Classic Hummus– Market Size & Forecast, 2019-2030, USD Million
- Roasted Garlic Hummus– Market Size & Forecast, 2019-2030, USD Million
- Lentil Hummus- Market Size & Forecast, 2019-2030, USD Million
- White Bean Hummus- Market Size & Forecast, 2019-2030, USD Million
- Black Olive hummus- Market Size & Forecast, 2019-2030, USD Million
- Others (Red Pepper Hummus, Edamame Hummus, etc.)– Market Size & Forecast, 2019-2030, USD Million
- By Packaging Type
- Tubs/Cups- Market Size & Forecast, 2019-2030, USD Million
- Pouch- Market Size & Forecast, 2019-2030, USD Million
- Bottles/Jars– Market Size & Forecast, 2019-2030, USD Million
- By Application
- Paste & Spreads- Market Size & Forecast, 2019-2030, USD Million
- Sauces & Dips- Market Size & Forecast, 2019-2030, USD Million
- Desserts- Market Size & Forecast, 2019-2030, USD Million
- Others (Confectionery, etc.)- Market Size & Forecast, 2019-2030, USD Million
- By End User
- Households- Market Size & Forecast, 2019-2030, USD Million
- Food Service Outlets- Market Size & Forecast, 2019-2030, USD Million
- By Sales Channel
- Offline Stores- Market Size & Forecast, 2019-2030, USD Million
- Supermarkets/Hypermarkets- Market Size & Forecast, 2019-2030, USD Million
- Convenience Stores- Market Size & Forecast, 2019-2030, USD Million
- Grocery Stores- Market Size & Forecast, 2019-2030, USD Million
- Others (Specialty Stores, etc.)- Market Size & Forecast, 2019-2030, USD Million
- Online Retails– Market Size & Forecast, 2019-2030, USD Million
- Offline Stores- Market Size & Forecast, 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – By Type (Classic Hummus, Roasted Garlic Hummus, Lentil Hummus, White Bean Hummus, Black Olive hummus, Others (Red Pepper Hummus, Edamame Hummus, etc.)), By Packaging Type (Tubs/Cups, Pouch, Bottles/Jars), By Application (Paste & Spreads, Sauces & Dips, Desserts, Others (Confectionery, etc.)), By End User (Households, Food Service Outlets), By Sales Channel (Offline Stores, Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Others (Specialty Stores, etc.), Online Retails), and Others
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