Hummus Market
PUBLISHED: 2021 ID: SMRC20851
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Hummus Market

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

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4.7 (30 reviews)
Published: 2021 ID: SMRC20851

This report covers the impact of COVID-19 on this global market
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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


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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