Hummus Market Outlook

Hummus is a popular dip used as a snack. Hummus is filled with all kinds of vital minerals and vitamins. Hummus contains several nutritious components that help in maintaining a healthy diet. Having healthy habits and good constituencies, Hummus is useful in reducing and checking blood pressure. Other complications like a fluctuation in the digestive health and weight-related problems can be checked with a properly balanced diet of Hummus. Any chances of heart diseases can be reduced by consuming the same. One of the prominent factors increasing its consumption is the growing health consciousness among consumers. It is rich in vitamins, proteins, and minerals, and its consumption aids in improving bone, muscle, and skin strength, as well as lower cholesterol, thus emerging as a nutritious dip. Furthermore, the wide availability of the product in different ranges and its ability to improve the taste of food products aid in driving the market growth.

The  Hummus Market Insights is projected to reach approximately USD 6682.18 million by 2030, at a CAGR of 12.84% from 2020 to 2030.There has been a stellar growth in the hummus market share rates, which was seen with a CAGR of 12.71%. 

The food products consuming Hummus in the form of dips and snacks and spread have increased due to its healthy digestive components. The rising demand for healthy snacks is well known in the form of garlic, tahini, and chickpea. Various other vegetables and fruits are well known to produce variants of the Hummus. One of the major factors contributing to the increasing consumption of Hummus is the increasing health consciousness among the consumers post the pandemic. It is consumed on a higher level because it is rich in minerals, proteins, and vitamins that help with the healthy regulation of the body's metabolism. It is preferred more. Along with the body's metabolism, it also helps maintain healthy skin and dermal properties. Apart from this, its abundant availability ensures that the product is widely present in the market. 

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The pandemic hugely affected the Hummus Market. The market faced a downfall because the food industry did not bulk its abundance during the same. Globally, people started preferring homemade food without any contact from outside, but over time the situation was rectified.

Competitive Landscape Analysis

According to the global report for Hummus Market Share, there is high competition across the globe. Some of the major key players are

• Sabra Dipping Co. LLC
• Haliburton International Foods, Inc.
• Tribe Mediterranean Foods, Inc.

The global market includes many diversified international competitors with a multitude of dynamics. New players are entering this competitive landscape, driving the hummus market.

Market Segmentation

The Hummus Market Outlook is segmented globally based on the type and the distribution channel. 

The hummus market Trends  is segmented into the black olive, the red pepper, the roasted garlic, the white bean, and the classic type. This segmentation is widely done based on the taste of the consumers. The classic type is the most consumed one due to its gluten-free qualities. It can always be consumed as a natural appetizer. Apart from this, the market is again segmented into several stores like grocery, supermarkets, and retail stores based on the distribution channel.

Regional Analysis

The Hummus Market is majorly spread into parts of North America and Europe due to the heavy consumption of nutritious food by the residents over there. The market is likely to spread over the areas of Asia-Pacific with the increasing awareness of Hummus.

Industry News

The global Hummus Market was estimated at a global share of $2.62 billion in 2020 and is further expected to touch a share of $6.60 billion by the year 2028. There has been a stellar growth in the hummus market share, and this was seen with a CAGR of 12.71%. 

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