Global Hummus Market 2023-2027
Technavio has been monitoring the hummus market and is forecast to grow by $2132.75 mn during 2022-2027, accelerating at a CAGR of 10.67% during the forecast period. Our report on the hummus market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the introduction of new packaging, rising urbanization and changing consumer lifestyles, and increasing preference for convenience in cooking.
Technavio's hummus market is segmented as below:
- Sauces and dips
- Paste and spreads
- Classic hummus
- Lentil hummus
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies the growing retail space as one of the prime reasons driving the hummus market growth during the next few years. Also, the rising global vegan population and the growing emergence of private-label brands will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the hummus market covers the following areas:
- Hummus market sizing
- Hummus market forecast
- Hummus market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hummus market vendors that include Boars Head Brand, Cedars Mediterranean Foods Inc., Conagra Brands Inc., Damai International, Deldiche NV, Fountain of Health, Haliburton International Foods Inc., Harvest Moon Foods, Hummus Goodness, Kasih Food Production Co., Lakeview Farms LLC, Lancaster Colony Corp., Moorish Ltd., PepsiCo Inc., Savencia SA, Strauss Group Ltd., The Huda Bar, The Kraft Heinz Co., Wingreens Farms Pvt. Ltd., and Bakkavor Group PLC. Also, the hummus market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.