Global Hummus Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Hummus is essentially a spread packed with protein that is mainly crafted from chickpeas and tahini paste. Its standout qualities. A variety of flavors to choose from at a price point and its nutritional benefits have led to its popularity, among health conscious individuals globally.
Market Key Insights
- The Hummus market is projected to grow from $4.9 billion in 2024 to $15.5 billion in 2034. This represents a CAGR of 12.2%, reflecting rising demand across Dip and Spread, Cooking Ingredient and Protein-packed Ingredient.
- Sabra Dipping Company LLC and Cedar's Mediterranean Foods operate as major market leaders which determine the competitive dynamics of this sector.
- U.S. and UK are the top markets within the Hummus market and are expected to observe the growth CAGR of 11.0% to 14.6% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and Singapore are expected to observe highest growth with CAGR ranging between 8.5% to 12.8%.
- The Hummus market will experience a $1.5 billion growth boost through 2030 because of the transition toward organic and natural ingredients.
- The Hummus market is set to add $10.6 billion between 2024 and 2034, with manufacturer targeting Online Retailers & undefined Distribution Channel projected to gain a larger market share.
- With Rising health awareness, and Emerging veganism trend, Hummus market to expand 216% between 2024 and 2034.
Opportunities in the Hummus
Given the growing interest among consumers in health and well being hummus producers have a chance to position their goods as options. Emphasizing its value, in protein and fiber hummus can be presented as a choice compared to conventional dips or spreads.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Health Awareness, and Innovations in Flavour and Packaging
The increasing popularity of veganism is also a factor driving the growth of the hummus market as more people opt for plant based diets and embrace vegan friendly food choices like hummus due, to urbanization and higher consumer spending power.
Restraint: Fluctuating Raw Material Prices
Opportunity: Innovative Hummus Varieties and Hummus in Plant-Based Diets
The surge in popularity of veganism and plant based eating is creating opportunities, for the hummus market to expand further. The delectable and fulfilling hummus serves as a plant derived protein option that aligns seamlessly with vegan and vegetarian dietary preferences. This resonates well with the increasing aware consumer segment encompassing mainly the younger generation.
Challenge: Regional Taste Preferences
Supply Chain Landscape
Chickpeas Farmers Worldwide
Sesame Seeds Producers Worldwide
Strauss Group
Bakkavor Foods Ltd
Sabra Dipping Company LLC
Cedar's Mediterranean Foods Inc
Tribe Hummus
Walmart Inc
Costco Wholesale Corporation
Amazon Inc
Chickpeas Farmers Worldwide
Sesame Seeds Producers Worldwide
Strauss Group
Bakkavor Foods Ltd
Sabra Dipping Company LLC
Cedar's Mediterranean Foods Inc
Tribe Hummus
Walmart Inc
Costco Wholesale Corporation
Amazon Inc