The sales of the Covid-19 Analysis on Hummus Market 2020 are expected to grow moderately over the coming years. Global sales in 2020 reached approximately USD 2,000 Mn worth and are projected to surpass more dollars by 2027. Market Research Future (MRFR) brings a new report that suggests that the market of hummus globally will further expand at 12.84% in the forecast period—2020-2027.
Global Hummus Market Boosters & Trends
The surged number of new product launches happening in the developed regions drives the global hummus market to the most, as per MRFR’s latest research. The rising retail space is also anticipated to boost the growth of the hummus market.
Escalating retail space will be one of the critical trends in the global hummus industry, says the study. Supermarkets and hypermarkets, discount stores, convenience stores, and online portals are the most common distribution formats of hummus, leading the market to increase its size in the future. On the other hand, another factor, such as the sale of hummus products via diverse e-commerce portals, is also ahead with a maximum reputation among consumers. Thus, the expansion of organized retail will enhance the growth of the global hummus market in the forecast period.
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In the case of point, Bakkavor Group owns and operates businesses internationally and in the UK. The company offers various varieties of hummus and dips such as onion, garlic, and salsa. The critical brand includes Yaas! Similarly, Cedar’s Mediterranean Foods operates the business through various segments, including hummus, salads, tzatziki, dips, and pita chips. The key offering of the company includes different types of hummus, such as traditional and organic hummus in different flavors such as dark chocolate, avocado, and lemon.
In this market, Nestlé also operates the business under six segments, which include zone EMENA, zone AMS, nestle waters, zone AOA, Nestle nutrition, and other businesses. The company offers hummus products under the brand name – Tribe, which offers 17 varieties of hummus.
Haliburton International Foods, Inc. (California), Sabra Dipping Co., LLC (U.S.), T. Marzetti (U.S.), Cedar’s Mediterranean Foods, Inc. (Massachusetts), Tribe Mediterranean Foods, Inc. (Massachusetts), Pita Pal Industries Inc. (Texas) and CHURNY Company, Inc. (U.S.) are the prime vendors mentioned in the study of the Global Hummus Industry by MRFR.
For the scope of more understanding, MRFR’s report has studied a comprehensive segmental analysis of the global Covid-19 Analysis on Hummus Market through the segments such as type, packaging material, and distribution channel.
By the segment of type, Covid-19 Analysis on Hummus Market has included Garlic, classic, edamame, white, lentil, and black.
By the segment of packaging material, Hummus Industry has included Jars/Bottles, Tubs/Cups, and others.
By the segment of the distribution channel, Covid-19 Analysis on Hummus Market includes supermarkets & hypermarkets, convenience stores, e-commerce, and others.
In the upcoming years, the demand for hummus in the Europe market might drive more emerging countries. Escalating industrial field expenditures launches in introducing new products, more-intense competition, increasing adoption of hummus, and retrofitting and renovation of old technology in emerging countries will drive growth in the global market.
The consumption of hummus has also grown tremendously in recent years. Hummus is a food item native to the Middle East, which is now penetrating North America and the Asia Pacific (APAC). In countries such as Israel, Levant, and Egypt, the product is regularly made at home and used as a food dip or spread. In the intervening time, in the U.S. and some of the European and Asian countries, hummus is considered an exotic food, which is generating opportunities for its commercial production. In the year 2020, more than USD 2,000 Mn worth hummus was consumed globally, as per the research conducted.
With an inclusive study of the growth opportunities for the companies, the EMEA region will grab the maximum growth of this market all through the estimated period. The EMEA region held the leading share of the market in 2020 and grabbed more than 45% share, followed by the Americas and APAC, respectively.
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