Hummus is an Egyptian food dip and a Levantine or blowout made from cooked, mashed chickpeas and other beans which combined with olive oil, salt, garlic, tahini and lemon juice. Moreover, in Israel also it is common part of everyday meals as it is made from ingredients that, following kashrut, can be collective with the both diary meals and meat. Fluctuation in the prices of raw materials is the only major restraints in the global market of hummus. For instance, the rising requirement for plant based protein, growing trend towards healthy diet among the citizenry and increasing demand for packed hummus products in the U.S. are the major key driver of this market which lead the market growth more significantly around the globe. The key manufactures of this market is acquiring the opportunities which includes smart marketing by the manufactures and shifting towards production of organic hummus for attaining the handsome amount of share around the globe.
According to the report analysis, ‘Global Hummus Market Research Report - Forecast to 2027’ states that some of the major companies which are currently functioning in this market more actively for acquiring the huge market by dominating the growing demand of consumer includes Sabra Dipping Co., LLC (US), Haliburton International Foods, Inc. (US), Tribe Mediterranean Foods, Inc. (US), T. Marzetti Company (US), Cedar's Mediterranean Foods, Inc. (US), Churny Company, Inc. (US), and Pita Pal Industries Inc. (US). Moreover, the growing adoption of cross-cultural cuisines is operating the growth of the hummus market around the globe, especially in the US and Middle East where it is widely utilized.
The utilization of hummus helps in intestinal health and digestion reduces the inflammation, supports bone and hearth health and boom up the energy, which is operating the growth of the market. In addition, the requirement for organic products also provides the lucrative opportunities for market players in the near future. The demand for the plant-based protein over the animal sources is advanced.
On the basis of geography, the market of hummus is spread around the globe which majorly includes North America, Europe, Asia-Pacific region and the rest of the world. The North America is anticipated to account the hummus market around the globe in 2018 and is projected to be the fastest-growing regional market at the significant CAGR of 14.2% in the near future. The market of North America is anticipated to reach USD 4,209.8 million by the end of 2027. The US is anticipated to underwrite greatly to the growth of the hummus market in the region owing to a growth in the demand for Mediterranean foods in the region. In addition, the significant growth in the number of immigrants from the Middle East to the US is anticipated to fuel the growth of the hummus market.
Based on the packaging type, the hummus market around the globe has been segmented which includes tubs/cups, jars/bottles and several others. Therefore, with the effective applications and types the global market of hummus is expected to grow in the coming years over the decades.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing
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