North America and LATAM Hummus Market

Market Introduction

Hummus is kind of Levantine paste or spread which is being prepared by cooking and mashing chickpeas, beans mixed and sesame seeds with olive oil, lemon juice, tahini, salt, and garlic. Hummus is a composition of natural ingredients and is known for its rich nutritional profile and helps to maintain heart and blood health while managing weight. They are one of the organic and clean label forms of product and are increasingly being preferred by consumers opting minimally processed and organic plant-based food items. Factors such as rise in demand for protein rich foods, rise in number of new product launches and expanding retail space are some of the factors stimulating the growth of hummus market in North and Latin America region..

North America and LATAM Hummus Strategic Insights

Strategic insights for the North America and LATAM Hummus provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America and LATAM Hummus Report Scope

North America and LATAM Hummus Regional Insights

The geographic scope of the North America and LATAM Hummus refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The hummus market was valued at US$ 973.10 million in 2018 and is projected to reach US$ 2,555.25 million by 2027; it is expected to grow at a CAGR of 12.9% from 2019 to 2027. Factors driving the market growth include increase in consumption of protein-rich food with growing focus over veganism, and rise in demand for convenience foods. However, volatility in prices of raw materials used in preparation of hummus restrains market growth.

Key Market Segments

The original hummus segment held the largest share in the North America and LATAM Hummus market, by type, in 2019. The sauces and dips segment held the largest share in the North America and LATAM Hummus market, by application, in 2019. Further, the supermarket and hypermarket segment held the significant share of the North America and LATAM market, by distribution channel, in 2019.

Impact of COVID-19

The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverage is one of the major industries in the world facing serious disruptions such as supply chain breaks, events cancellations, and office shutdowns as a result of this outbreak. China is the global hub of manufacturing and largest raw material supplier for various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, and sales of various food and beverage. The overall market breakdown due to COVID-19 is also affecting the growth of the Hummus market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Major Sources and Companies Listed

A few of the major primary and secondary sources for hummus market associated with the report are USA Dry Pea and Lentil Council and American Pulse Association, Institute of Food Technologists and others. The major companies operating in the market are Bakkavor, Cedar’s Mediterranean Foods Inc., Hope Foods, LLC, Lantana Foods, Lancaster Colony Corporation, Tribe Hummus, Strauss Group, Fountain of Health, Boar’s Head Brand and Hummus Goodness among others.

Reasons to Buy Report

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• Make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America and LATAM hummus market
• Obtain market revenue forecast for market by various segments from 2018 to 2027 in North America and LATAM regions.

NORTH AMERICA AND LATAM HUMMUS MARKET SEGMENTATION

By Nature

• Original Hummus
• Red Pepper Hummus
• Black Olive Hummus
• White Bean Hummus
• Edamame Hummus
• Others

By Application

• Sauces and Dips
• Pastes and Spreads
• Others 

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online
• Others 

By Country

• North America
• LATAM

Company Profiles

• Bakkavor
• Boar’s Head Brand
• Cedar’s Mediterranean Foods Inc.
• Fountain of Health
• Hummus Goodness
• Hope Foods, LLC
• Lantana Foods
• Lancaster Colony Corporation
• Tribe Hummus
• Strauss Group