Hummus Market set to hit $17.4 billion by 2035, as shift to organic and natural ingredients drives transformation
Industry revenue for Hummus is estimated to rise to $17.4 billion by 2035 from $4.9 billion of 2024. The revenue growth of market players is expected to average at 12.2% annually for period 2024 to 2035. Hummus is critical across several key applications, including Food Retail, Restaurant Industry, Snack Food and Catering & Event Services. The report unwind growth & revenue expansion opportunities at Product Type, Distribution Channel, Consumer Age Group and Consumer Dietary Preferences with industry revenue Forecast.
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Industry Leadership and Competitive Landscape
The Hummus market is characterized by intense competition, with a number of leading players such as Sabra Dipping Company, LLC, Cedar's Mediterranean Foods, Inc and Fountain of Health. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.
The Hummus market is projected to expand substantially, driven by the Rising Health Awareness and Emerging Veganism Trend. This growth is expected to be further supported by Industry trends like Innovations in Flavour and Packaging; and position the market's continued expansion to reach $9.8 billion by 2030. Moreover, the key opportunities, such as Hummus as a Health Food Trend, Hummus in Plant-Based Diets and innovative hummus varieties, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., UK and Canada.
Major Markets and Emerging Opportunities
The U.S., UK, Canada, Australia and Germany are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 11% to 14.6% annually from 2024 to 2035. At the same time, Brazil, South Africa and Singapore are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.
Regional Shifts and Evolving Supply Chains
North America and Europe are the two most active and leading regions in the market. With challenges like Fluctuating Raw Material Prices and regional taste preferences, market Supply Chains from Raw Material Procurement / Ingredient Processing / Hummus Production and to Distribution & Retail is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Brazil, South Africa and Singapore for expansion of the total addressable market (TAM).
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