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stevenolan011
stevenolan011
2 taon

The global hummus market size is set to gain momentum from the increasing shift of people towards the vegan diet, especially in Europe and North America. The surging awareness of environmental sustainability and animal welfare is compelling people to opt for plant-based dips. As per Statista, in the U.S., sales of refrigerated plant-based dips went up to USD 11 million in April 2019. As per the report, the market size was USD 2.62 billion in 2020. It is predicted to grow from USD 2.95 billion in 2021 to USD 6.60 billion in 2028 at a CAGR of 12.17% in the forecast period.

Companies profiled in the hummus market report are:

Nestlé S.A. (Vevey, Switzerland)
Cedar’s Mediterranean Foods, Inc. (Massachusetts, U.S.)
Haliburton International Foods, Inc. (California, U.S.)
Strauss Group, Ltd. (Sabra Dipping Company, LLC) (Petah Tikva, Israel)
Bakkavor Group Plc (London, United Kingdom)
Tribe Hummus (Massachusetts, U.S.)
Boar’s Head Brand (Florida, United States)
Hummus Gourmet, LLC (Lantana Foods) (Texas, U.S.)
The Kraft Heinz Company (Illinois, U.S.)
Hope Foods, LLC. (Colorado, U.S.)
Drivers & Restraints:

Rising Usage of Functional Ingredients to Improve Immunity will Aid Growth

Consumers across the globe are nowadays demanding for unique flavors in their dips. Hence, several manufacturers are striving constantly to come up with novel products to cater to the taste and preferences of consumers. O'Dang Foods, for instance, introduced two new flavors of balsamic feta and classic Mediterranean hummus in the U.S. in June 2020 to fulfill the high demand for Mediterranean cuisine. A few other companies are equipping their dips with various functional ingredients, such as lime, turmeric, blueberry, and lavender because of the ongoing COVID-19 pandemic for enhancing immunity. However, the increasing availability of substitutes, namely, salsa and tahini may hamper the hummus market growth.

Regional Insights:

North America to Dominate Fueled by Higher Consumption of Dips and Spreads in the U.S.

Geographically, North America held USD 1.33 billion in terms of revenue in 2020. It is anticipated to dominate the market in the upcoming years. The surging consumption and production of spreads and dips, especially in the U.S. would bolster growth. Also, companies are trying to produce attractive and new dips to generate more sales. Argania Foods, for instance, introduced vegan cauliflower keto hummus dip in the U.S. in December 2019. On the other hand, Europe is likely to remain in the second position backed by the high popularity of the product in the U.K. In Asia Pacific, the rising disposable income of people is expected to aid growth.

Segments:

Classic Segment Earned 41.40% Share in 2020: Fortune Business Insights™

Based on type, the market is divided into red pepper, classic, black olive, white bean, roasted garlic, and others. Out of these, the classic segment is set to remain at the forefront in the near future because of its versatility and easy availability. It can be consumed as a dip, spread, or appetizer. At the same time, it is highly nutritious and naturally gluten-free. The segment generated 41.40% in terms of the hummus market share in 2020.

Competitive Landscape:

Key Players Focus on New Product Development to Intensify Competition

The global market houses a large number of international and local companies that are constantly launching state-of-the-art products in various sizes to meet consumers’ needs. Most of them are conducting R&D activities to create unique dips.

Browse In-depth Summary of This Research Insight:

https://www.fortunebusinessins....ights.com/hummus-mar

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Legateca
Legateca
2 taon

Types of Disputes that Family Solicitors in the UK Help to Settle

As family matters can sometimes feel confusing and tiring, the family lawyer relieves some of your burden with its reliable legal advice and services. The nature of family disputes can vary and need careful consideration as they are sensitive, read more- https://legateca.blogspot.com/....2023/10/types-of-dis

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andrewrihana421
andrewrihana421
2 taon

Word Zapisy Na Egzamin

zapisy na prawo jazdy - Zapisy na prawo jazdy to jedna z pierwszych rzeczy, którą należy zrobić, aby rozpocząć naukę jazdy.

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https://prawojazdye.pl/zapisy-na-prawo-jazdy/

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Dura Pack
Dura Pack
2 taon

Elevate Your Brand with Stand-Up Pouches

Unleash the power of premium packaging with Dura-Pack's stand-up pouches. Elevate your brand's image and product presentation with these versatile and stylish pouches, designed to make your products stand out.

https://dura-pack.com/product-....category/bag-types/s

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Zaara Harry
Zaara Harry
2 taon

Leading Crypto Arbitrage Trading Bot Development Company Bitdeal

As a leading crypto arbitrage trading bot development company, we offer customized crypto arbitrage trading bot development services to help you to launch your exchange platform. Get connected with us!


Visit our Website: https://www.bitdeal.net/crypto....-trading-bot-develop


#cryptoarbitragetradingbotdevelopment #tradingbotdevelopment #cryptocurrencyexchangedevelopment #cryptocurrencyexchangesolutions

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Manu ms
Manu ms
2 taon

uPVC Windows Bangalore | Best uPVC Doors in Bangalore
https://bestservicesprovider.c....om/upvc-windows-bang
uPVC Windows Bangalore is the most trusted entity for manufacturer of high quality & high-performance uPVC Doors & windows protect against heat,dirt,dust & noise

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misartrading
misartrading
2 taon

Makita-Power-Tools-A-Review-of-the-Best-Tools-for-Every-Job.pptx.pdf
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david Van
david Van
2 taon

https://ringergmailnorge.blogs....pot.com/2023/10/hvor

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Leased Line Quote
Leased Line Quote
2 taon

Understanding Leased Line Connection Costs for Your Business

Explore the factors that influence leased line connection costs and make informed decisions for your business network infrastructure.

https://leasedline-quote.co.uk..../2023/04/26/how-much

#leasedlineconnectioncost #leasedlineconnection #leasedline

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nimbark food
nimbark food
2 taon

Buy Organic Pulses Online | Nimbark Foods

Blogger Visit:- https://nimbarkorganic.blogspo....t.com/2023/10/nimbar

Discover the goodness of healthy eating with Nimbark Foods! Buy organic pulses online and savor the natural flavors while nourishing your body. Our premium selection ensures top-notch quality, sourced sustainably to support your well-being and the environment. Embrace a healthier lifestyle with Nimbark Foods today https://www.nimbarkfoods.com/b....log-23-reasons-makin

Twitter:- https://twitter.com/nimbarkfoods
Instagram:- https://www.instagram.com/nimbarkorganic/
Facebook- https://www.facebook.com/NimbarkOrganic/

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