Hummus Market Forecasts to 2028 – Global Analysis By Packaging Type (Jars and Bottles, Tubs and Cups), Application (Soups, Paste and Spreads, Confectionary) and By Geography
According to Stratistics MRC, the Global Hummus Market is accounted for $4,662.43 million in 2020 and is expected to reach $9,707.26 million by 2028 growing at a CAGR of 9.6% during the forecast period. The increasing demand for plant-based food, growing adoption of veganism is driving the market growth. However, the effect of natural calamities is hampering the growth of the market.
Hummus is a form of Levantine paste or spreads which is being made by cooking and mashing chickpeas, beans mixed, and sesame seeds with olive oil, tahini, lemon juice, salt, and garlic. Hummus helps to keep the heart and blood healthy while handling weight and it is a rich nutritional profile and a composition of natural ingredients. They are one of the organic and clean label forms of product and are increasingly being chosen by buyers selecting nominally processed and organic plant-based food items.
Based on the end user, the supermarkets and hypermarkets segment is going to have lucrative growth during the forecast period. Supermarkets and hypermarkets are self-service shops that offer wide-ranging merchandise mix along with different brands of products under the same roof. In order to attract the attention of the customer’s altered type of food products such as hummus and its varieties are placed on the shelves of hypermarkets and supermarkets. Hassle-free purchase, better services, and bulk buying facilities offered by hypermarkets and supermarkets entice large number of customers to the store, which helps in making more profits. Hummus is generally preserved in refrigerated zones, beside specialty cheese.
By geography, Asia Pacific is going to have high growth during the forecast period. Due to the growing occurrence of numerous diseases, lifestyle and eating patterns have changed in the region has increased the demand for plant-based protein, and economic growth. Furthermore, the trend of veganism is rising with the growing consciousness concerning the necessity to protect the environment. All these factors propel market growth across the region.
Some of the key players profiled in the Hummus Market include Athenos, Bakkavor Group, Boar’s Head Brand, Cedar’s Mediterranean Foods Inc., Finnish Cheese Company, Fountain of Health, Haliburton International Foods, Hope Foods, LLC, Hummus Goodness, Lantana Foods, Sevan AB, Strauss Group, Tribe Hummus and Vermont Hummus Company.
Types Covered:
• Black Olive
• Edamame
• Lentil
• Original/Classic
• Red Pepper
• Roasted Garlic Hummus
Flavors Covered:
• Artichokes
• Basil Pesto
• Jalapeno
• Sun dried Tomatoes
Sources Covered:
• Black Beans
• Chickpeas
• Kidney Beans
• Lima Beans
• Soybeans
• White Bean
Packaging Types Covered:
• Jars and Bottles
• Tubs and Cups
Applications Covered:
• Sauces and Dips
• Paste and Spreads
• Soups
• Confectionary
End Users Covered:
• Convenience Stores
• E-Commerce
• Grocery Stores
• Online Retail
• Supermarkets and Hypermarkets
• Independent Retail
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hummus Market, By Type
5.1 Introduction
5.2 Black Olive
5.3 Edamame
5.4 Lentil
5.5 Original/Classic
5.6 Red Pepper
5.7 Roasted Garlic Hummus
6 Global Hummus Market, By Flavor
6.1 Introduction
6.2 Artichokes
6.3 Basil Pesto
6.4 Jalapeno
6.5 Sun dried Tomatoes
7 Global Hummus Market, By Source
7.1 Introduction
7.2 Black Beans
7.3 Chickpeas
7.4 Kidney Beans
7.5 Lima Beans
7.6 Soybeans
7.7 White Bean
8 Global Hummus Market, By Packaging Type
8.1 Introduction
8.2 Jars and Bottles
8.3 Tubs and Cups
9 Global Hummus Market, By Application
9.1 Introduction
9.2 Sauces and Dips
9.3 Paste and Spreads
9.4 Soups
9.5 Confectionary
10 Global Hummus Market, By End User
10.1 Introduction
10.2 Convenience Stores
10.3 E-Commerce
10.4 Grocery Stores
10.5 Online Retail
10.6 Supermarkets and Hypermarkets
10.7 Independent Retail
11 Global Hummus Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Athenos
13.2 Bakkavor Group
13.3 Boar’s Head Brand
13.4 Cedar’s Mediterranean Foods Inc.
13.5 Finnish Cheese Company
13.6 Fountain of Health
13.7 Haliburton International Foods
13.8 Hope Foods, LLC
13.9 Hummus Goodness
13.10 Lantana Foods
13.11 Sevan AB
13.12 Strauss Group
13.13 Tribe Hummus
13.14 Vermont Hummus Company
List of Tables
1 Global Hummus Market Outlook, By Region (2019-2028) (US $MN)
2 Global Hummus Market Outlook, By Type (2019-2028) (US $MN)
3 Global Hummus Market Outlook, By Black Olive (2019-2028) (US $MN)
4 Global Hummus Market Outlook, By Edamame (2019-2028) (US $MN)
5 Global Hummus Market Outlook, By Lentil (2019-2028) (US $MN)
6 Global Hummus Market Outlook, By Original/Classic (2019-2028) (US $MN)
7 Global Hummus Market Outlook, By Red Pepper (2019-2028) (US $MN)
8 Global Hummus Market Outlook, By Roasted Garlic Hummus (2019-2028) (US $MN)
9 Global Hummus Market Outlook, By Flavor (2019-2028) (US $MN)
10 Global Hummus Market Outlook, By Artichokes (2019-2028) (US $MN)
11 Global Hummus Market Outlook, By Basil Pesto (2019-2028) (US $MN)
12 Global Hummus Market Outlook, By Jalapeno (2019-2028) (US $MN)
13 Global Hummus Market Outlook, By Sun dried Tomatoes (2019-2028) (US $MN)
14 Global Hummus Market Outlook, By Source (2019-2028) (US $MN)
15 Global Hummus Market Outlook, By Black Beans (2019-2028) (US $MN)
16 Global Hummus Market Outlook, By Chickpeas (2019-2028) (US $MN)
17 Global Hummus Market Outlook, By Kidney Beans (2019-2028) (US $MN)
18 Global Hummus Market Outlook, By Lima Beans (2019-2028) (US $MN)
19 Global Hummus Market Outlook, By Soybeans (2019-2028) (US $MN)
20 Global Hummus Market Outlook, By White Bean (2019-2028) (US $MN)
21 Global Hummus Market Outlook, By Packaging Type (2019-2028) (US $MN)
22 Global Hummus Market Outlook, By Jars and Bottles (2019-2028) (US $MN)
23 Global Hummus Market Outlook, By Tubs and Cups (2019-2028) (US $MN)
24 Global Hummus Market Outlook, By Application (2019-2028) (US $MN)
25 Global Hummus Market Outlook, By Sauces and Dips (2019-2028) (US $MN)
26 Global Hummus Market Outlook, By Paste and Spreads (2019-2028) (US $MN)
27 Global Hummus Market Outlook, By Soups (2019-2028) (US $MN)
28 Global Hummus Market Outlook, By Confectionary (2019-2028) (US $MN)
29 Global Hummus Market Outlook, By End User (2019-2028) (US $MN)
30 Global Hummus Market Outlook, By Convenience Stores (2019-2028) (US $MN)
31 Global Hummus Market Outlook, By E-Commerce (2019-2028) (US $MN)
32 Global Hummus Market Outlook, By Grocery Stores (2019-2028) (US $MN)
33 Global Hummus Market Outlook, By Online Retail (2019-2028) (US $MN)
34 Global Hummus Market Outlook, By Supermarkets and Hypermarkets (2019-2028) (US $MN)
35 Global Hummus Market Outlook, By Independent Retail (2019-2028) (US $MN)
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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