Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.75 Billion | USD 18.96 Billion | 14.85% | 2024 |
The global hummus market size was worth around USD 4.75 Billion in 2024 and is predicted to grow to around USD 18.96 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 14.85% between 2025 and 2034.
The report analyzes the global hummus market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hummus industry.
Hummus is a traditional and highly popular dip that has its origins in the Middle East. The edible items are prepared using cooked and mashed garbanzo beans, also known as chickpeas, along with some amount of tahini, olive oil, garlic, and lemon juice. Tahini refers to the paste of sesame seeds. It is creamy in texture and tastes savory along with exhibiting tangy flavor. It is served along with many other dishes namely crackers, pita, bread, and raw vegetables.
The popularity of hummus is attributed to the high nutritional value of the ingredients involved in the production of the process. While being a good source of protein, it also imparts healthy fats and fiber to the consumer. Although a Middle-Eastern food item, hummus has gained attention worldwide and is served across eateries while some people prefer to make it at home for personal use due to the simple steps involved in the process.
Growing health consciousness to propel market demand
The global hummus market is projected to grow owing to the increasing health consciousness amongst the population. Hummus is exceptionally healthy due to the variety of raw materials required to produce edible items. These ingredients can be found in local stores which means that the accessibility to raw materials is not a concern. Furthermore, the steps are extremely simple and do not require advanced utensils for preparation. Since it is one of the few dips available in the market that enhance the taste of the food without being harmful to the human body, it is a preferred choice of seasoning amongst health enthusiasts.
Furthermore, the versatility of hummus allows it to be consumed with almost all types of food and there are no limitations in terms of edibility. In addition to this, with the growing number of commercial suppliers with inputs from large food corporations to domestic players, the availability of commercial-grade hummus has increased over the years and is now fast-reaching unexplored areas or regions that are at a point in economic growth where they are rapidly moving toward urban lifestyle.
Changing prices of raw materials to restrict market expansion
Despite registering massive growth in the last couple of years, the hummus industry may face certain growth restrictions due to the constantly fluctuating prices of raw materials. The main ingredient of hummus is chickpeas and the price of the raw material can vary depending on the export-import status of the trading nations influenced by geo-political and economic factors. Crop yield, changing weather conditions, supply chain, and other factors can cause a drastic change in the final price of the ingredient. The combined effect is observed in the profit margin and impacts business decisions.
Product portfolio diversification to provide excellent growth opportunities
One of the key measures that businesses provide mass consumer items is the way they handle the diversification of the product portfolio. More growth opportunities can be expected if the market players can roll out more variants of hummus that go along with the varied versions of pita bread, vegetable sticks, and crackers. This will help companies create a new version of snacking experience allowing them to generate a dedicated consumer database. Additionally, continuous research and innovation for ingredients and flavors could help companies stay ahead of their competitors.
Increase in competition to challenge the market expansion
Given the tremendous potential of the global market, it has recently become increasingly competitive with the addition of several domestic players along with product innovation undertaken by already existing international companies. In addition to this, many people prefer to make hummus at home and sell it locally as a way of operating as a small business thus breaking the market value.
The global hummus market is segmented based on distribution channel, flavor, packaging, and others
Based on distribution channels, the global market is segmented into grocery stores, convenience stores, supermarkets & hypermarkets, and online retail.
Based on flavor, the hummus industry divisions are roasted red pepper, roasted garlic white bean, creamy avocado, black bean, smoky sweet potato, and others
Based on packaging, the global market divisions are jars, bottles, cups, and tubs.
In terms of End User, the global hummus market is categorized into Households, Food Service Industry, Retail Outlets.
Report Attributes | Report Details |
---|---|
Report Name | Hummus Market |
Market Size in 2024 | USD 4.75 Billion |
Market Forecast in 2034 | USD 18.96 Billion |
Growth Rate | CAGR of 14.85% |
Number of Pages | 208 |
Key Companies Covered | Nestle SA, Agro Tech Foods Ltd., Cedars Mediterranean Foods Inc., Haliburton International Foods Inc., Bakkavor Group PLC, Harvest Moon Foods, Boars Head Brand, Hummus Goodness, Damai International, Lakeview Farms LLC, Fountain of Health, Kasih Food Production Co., and Hope Foods LLC., and others. |
Segments Covered | By Product Type, By Distribution Channel, By Packaging Type, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Middle East to continue leading market growth
The global hummus market is currently led by the Middle East region. Hummus is originally from the same area and still finds the largest consumer database in the countries of Turkey, Israel, and Lebanon to name a few. The food item is a part of the diet culture and is served along with normal meals. Almost all families in the Middle East consume hummus one or more times per week. North America trails second in terms of regional growth.
Hummus has recently become popular in the US but the rate of expansion has been tremendous with the entry of many domestic players staying ahead in the game with the help of constant innovation and product development. In a matter of few years, hummus has become a common edible item in the US market which is also termed as a leading manufacturing hub that is responsible for product export in many other countries. In summary, although the Middle East continues to be the home of hummus, the global market is expected to gain revenue from across the world.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the hummus market on a global and regional basis.
The global hummus market is dominated by players like:
By Product Type
By Distribution Channel
By Packaging Type
By End User
By Region
FrequentlyAsked Questions
The global hummus market is expected to grow due to rising health-conscious consumer trends, expanding vegan and Mediterranean diets, and product innovation in flavors.
According to a study, the global hummus market size was worth around USD 4.75 Billion in 2024 and is expected to reach USD 18.96 Billion by 2034.
The global hummus market is expected to grow at a CAGR of 14.85% during the forecast period.
North America is expected to dominate the hummus market over the forecast period.
Leading players in the global hummus market include Nestle SA, Agro Tech Foods Ltd., Cedars Mediterranean Foods Inc., Haliburton International Foods Inc., Bakkavor Group PLC, Harvest Moon Foods, Boars Head Brand, Hummus Goodness, Damai International, Lakeview Farms LLC, Fountain of Health, Kasih Food Production Co., and Hope Foods LLC., among others.
The report explores crucial aspects of the hummus market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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