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Hummus Market Size, Share & Industry Analysis, By Type (Classic, Roasted Garlic, White Bean, Black Olive, Red Pepper, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Grocery Stores, Online Retails), and Regional Forecast, 2024-2032

Last Updated: June 10, 2024 | Format: PDF | Report ID: FBI105632

 

KEY MARKET INSIGHTS

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The global hummus market size was USD 3.75 billion in 2023 and is predicted to grow from USD 4.21 billion in 2024 to USD 10.05 billion by 2032, exhibiting a CAGR of 11.49% over the forecast period (2024-2032).


In the past decade, various dips, sauces, and spreads have grown significantly due to the rising snacking trends among consumers worldwide. The consumers’ increasing demand for the product as a healthy and enjoyable dip or spread has supported the market growth. It is a well-known dip from the Middle East, made using chickpea, tahini, garlic, and olive oil. However, various other pulses and vegetables are also widely used to produce different variants, such as sweet potato or beetroot hummus, and others.


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 lowers 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 aids in driving the market growth.


The outbreak of the COVID-19 pandemic has negatively impacted the global economy, as well as the food industry. This is due to governments implementing social distancing norms and lockdowns to curb the spread of the virus. People staying at home increased their preferences towards home-cooked food and stockpiling of essential food items in bulk, such as hummus and other ready-to-cook/eat products. Along with this, consumers gravitated towards healthy foods that provide comfort to support their immune system and overall health.


As some of the large food manufacturers could not cope with the increasing demand, it provided an opportunity for small brands to gain shelf space. As the product is considered a healthy dip, its sales across various countries have witnessed a spike and have boosted the quarterly results almost by 100%. For instance, Sabra and Obela brands of Strauss Group Ltd., manufacturing chilled dips and spreads, in its first-quarter sales (Q1 2020-21), reported 8.8% sales growth than the corresponding period of the year to reach USD 101.23 million.


Hummus Market Trends


Increasing Adoption of Vegan Diet and High Organic Hummus Demand are Vital Trends


The widespread trend of veganism has grown rapidly in the last few years, especially in developed economies of North America and Europe. The vegan trend is gaining mainstream popularity due to the increasing awareness among consumers regarding animal welfare and environmental sustainability. This has considerably boosted sales across the world as it is one of the most liked and popular plant-based dips. Along with this, the demand for organic hummus is growing due to the increased health-conscious consumers and their pro-environmental purchasing behavior, which would drive the industry’s growth.


Furthermore, manufacturers are introducing new and improved organic variants of the product to suffice the increasing demand. For instance, in June 2023, Hope Foods, an organic hummus brand, introduced its new range of organic, non-GMO and plant-based dips with vibrant flavors. The new product has bold new packaging design with plastic neutral certification. The new product contains organic flaxseed oil, offering enhanced functional benefits. 


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Hummus Market Growth Factors


Rising Popularity of Various Flavor Combinations to Fuel Market Growth


The growing popularity of various unique and novel flavors in dips across the consumer base worldwide has played a crucial role in propelling market growth. Manufacturers are continuously conducting product innovation to meet the consumer’s preferences and tastes. For instance, in November 2023, Fresh Craving introduced two new innovative hummus flavors to its lineup: Tajín Chili Lime Hummus and Dill Pickle. The brand collaborated with Tajin Seasoning, a Mexican company, to develop these new products. Functional ingredients with immunity attributes are at the forefront of consumers’ preferences in the wake of the global pandemic. Functional flavors inspired by herbs and spices, such as turmeric, lavender, lime, and blueberry, are growing widely popular due to the increased emphasis on health. Furthermore, the higher shelf-life and affordability of the product have augmented the market growth.


Surging Inclination Towards Premium and Healthy Dips to Drive Market Growth


The potential health-beneficial attributes of hummus due to the presence of various proteins, fiber, antioxidants, vitamins, and other nutritional constituents have significantly driven its demand. The demand for healthy snacks is growing – between the meals, as well as on the go, with health indulgence playing a crucial role. In addition, the product has grown increasingly popular among millennials as they are among the most health-conscious consumers group. Further, hummus is widely consumed for its unique taste, convenience and for being a plant-based dip option, thereby significantly drawing consumers’ attention to achieve a position as a fridge staple. Further, the increasingly hectic and fast-paced lifestyles of consumers have surged the need for healthy bite-sized snacks, which has aided in boosting its sales performance.


RESTRAINING FACTORS


Increasing Product Adulteration to Impede the Growth of Market


In recent years, hummus recalls have surfaced as one of the major problems in the industry, which has negatively impacted market growth. For instance, in March 2021, Sabra Dipping Company, LLC, in partnership with the Food and Department of Agriculture (FDA), voluntarily recalled 2,100 cases of classic hummus with potential Salmonella contamination. Similarly, in February 2024, Wegmans Hummus, an American company, recalled its hummus product lot number of 240239 or 240309, due to an undeclared sesame allergen in the product. Such product recalls can lead to consumers losing confidence in the product, which can cause a negative effect on the product demand, thus resulting in revenue losses. Along with this, the presence of other plant-based dips, such as tahini, salsa, and others in the market and their equally growing adoption by consumers is expected to further hamper growth.


Hummus Market Segmentation Analysis


By Type Analysis


Classic Hummus Segment to Hold the Major Share Due to its Wide Availability


Classic type is the most widely available and consumed variant in the world. The segment accounted for approx. 41.54% share in the global market in 2023. The demand for this variant is high owing to its versatility as it can be consumed as an appetizer, spread, or a dip, along with being naturally gluten-free and highly nutritious.


Roasted garlic and white bean variants are the other two prominent types witnessing significant demand across the globe. These variants are used to prepare cuisines, as well as for direct consumption due to their distinct taste and consumers' preferences to try new flavors and products. Furthermore, the introduction of various flavors, such as chocolate, pumpkin pie, banana, red velvet, and others, coupled with consumers' interest in innovative dips, are expected to offer growth opportunities for the market.


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By Distribution Channel Analysis


Numerous Product Availability and Attractive Discounts to Promote Sales Growth through Mass Merchandisers


On the basis of distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, grocery stores, and online retails. The mass merchandisers segment is expected to hold the largest hummus market share as they provide an exceptional in-store shopping experience and numerous discounts on bulk purchasing. Another factor driving the segmental growth is the food quality and freshness offered by these mass merchandisers, thereby allowing shoppers the freedom of selection.


However, the growing digitization and rising internet penetration have increased the consumers’ interest in online shopping. According to a research by Frontiers, approximately 79% of consumers preferred to order groceries and household products online in 2020, a 19% increase over 2019. Along with this, the wide product availability, high convenience, and door-step delivery option are also the factors expected to boost the segment’s growth.


REGIONAL INSIGHTS


North America Hummus Market Size, 2023 (USD Billion)

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North America is the leading region contributing to the highest revenue share in the global market, which stood at USD 1.91 billion in 2023. The increasing production and consumption of dips & spreads in the U.S. is the main factor driving regional sales. According to the USA Dry Pea & Lentil Council, an estimated 25% of Americans now store the product in their fridge. Along with this, the rising acceptance of veganism in the region is another factor influencing the consumers' demand for such plant-based dips. Moreover, manufacturers are introducing new and attractive products to draw consumers’ attention.


Europe is expected to hold the next highest share in terms of revenue. The growing popularity of this product in various European countries, especially in the U.K., has contributed to driving regional sales. The country approximately accounts for 40% of the regional sales and is also known as Europe’s hummus capital.


Asia Pacific is likely to emerge as the fastest-growing region in the market. The rapid urbanization, acceptance of cross-culture foods, and rising disposable income are some of the factors escalating product sales. Countries such as India, Australia, and China are among the major economies offering market growth in the region.


In the ME&A, retail sales of the product in the Middle East is comparatively low as it’s a regional cuisine, and consumers prefer them freshly prepared than it being store-bought. In contrast, South Africa and the other countries are proliferating on account of the growing vegan trend, escalating population, and increasing per capita income.


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List of Key Companies in Hummus Market


Key Players Focus on New Product Launches for Portfolio Expansion and Maintaining Prominence


The global market is fragmented, with numerous industry players operating within the market. The increasing demand across several countries due to improved digitalization and urbanization provides ample opportunities for the market players to innovate and expand their global presence. Companies, such as Nestlé S.A., Strauss Group, Ltd., Cedar’s Mediterranean Foods, Inc., The Kraft Heinz Company, and others, are focusing on various strategies, such as new product launches, partnerships, base expansion, and others to increase their prominence. For instance, in September 2023, Lantana Foods, a U.S.-based company, launched three new SKUs under its product portfolio. The new product such as Cauliflower Pizza Crust Hummus, Dill Pickle Hummus, and Hatch Chile Hummus across the U.S.


LIST OF KEY COMPANIES PROFILED:



  • 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.)


KEY INDUSTRY DEVELOPMENTS:



  • September 2023: Sabra, a hummus brand, launched Buffalo Hummus made with Frank’s redhot, BBQ hummus. This new Mediterranean Roasted garlic and Spicy Harissa targeted consumers across the U.S. 

  • July 2022: Trader Joe, an American grocery chain, launched its new chocolate hummus with 50 calories per serving. The new hummus would be suitable with sliced apples, freeze dried strawberries, banana chips, and other snacks.

  • March 2022: Summer Fresh, an American company, launched its two new products, Dill Pickle and Barbecue hummus, in on-the-go format. The new products have been made from Canadian chickpeas, tahini, and olive oil.

  • April 2021: Ithaca Hummus announced the launch of its sharing-size hummus 17oz. Container in two flavors – lemon garlic and lemon dill, in the U.S. The company launched this bigger size pack of the dip due to its growing consumption in the country.

  • March 2021: FoodStory Brands, under its brand Fresh Cravings, launched a hummus dips line in classic and roasted red pepper flavors in the U.S. to expand its dips product range.


REPORT COVERAGE


An Infographic Representation of Hummus Market

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The market research report provides a detailed global hummus industry analysis and focuses on key aspects such as leading companies, market segmentation, product types, and leading distribution channels of the product. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth prospects of the market over recent years.


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Report Scope & Segmentation










































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Unit



Value (USD Billion)



Growth Rate



CAGR of 11.49% from 2024 to 2032



Segmentation



By Type



  • Classic

  • Roasted Garlic

  • White Bean

  • Black Olive

  • Red Pepper

  • Others


By Distribution Channel



  • Supermarkets/Hypermarkets

  • Convenience Stores

  • Grocery Stores

  • Online Retails


By Geography



  • North America (By Type, Distribution Channel, and By Country)

    • The U.S. (By Distribution Channel)

    • Canada (By Distribution Channel)

    • Mexico (By Distribution Channel)



  • Europe (By Type, Distribution Channel, and By Country)

    • U.K. (By Distribution Channel)

    • France (By Distribution Channel)

    • Germany (By Distribution Channel)

    • Netherlands (By Distribution Channel)

    • Italy (By Distribution Channel)

    • Rest of Europe (By Distribution Channel)



  • Asia Pacific (By Type, Distribution Channel, and By Country)

    • China (By Distribution Channel)

    • India (By Distribution Channel)

    • Japan (By Distribution Channel)

    • Australia (By Distribution Channel)

    • Rest of Asia Pacific (By Distribution Channel)



  • South America (By Type, Distribution Channel, and By Country)

    • Brazil (By Distribution Channel)

    • Argentina (By Distribution Channel)

    • Rest of South America (By Distribution Channel)



  • The Middle East and Africa (By Type, Distribution Channel, and By Country)

    • Saudi Arabia (By Distribution Channel)

    • South Africa (By Distribution Channel)

    • Rest of ME&A (By Distribution Channel)








Frequently Asked Questions

Fortune Business Insights says that the global market size stood at USD 3.75 billion in 2023.

The market is projected to grow at a CAGR of 11.49% over the forecast period.

The classic variant is expected to be the leading type in the market during the forecast years.

The growing consumer inclination towards flavorful dips is set to drive the market.

Nestle S.A., Strauss Group, Ltd., Cedars Mediterranean Foods, Inc., and The Kraft Heinz Company are the prominent players.

North America is anticipated to hold the highest share in the global market.

The mass merchandisers sales channel is expected to hold the dominant market share.

The increasing demand for vegan and organic dips and spreads is the major market trend.

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