North America Hummus Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Original Hummus, Red Pepper Hummus, Black Olive Hummus, White Bean Hummus, Edamame Hummus, and Others), Application (Sauces and Dips, Pastes and Spreads, and Others), and Distribution Channel (Supermarket and Hypermarket, Convenience Store, Online Store, and Other

TIPRE00014140 | Pages: 128 | Food and Beverages | Sep 2020 | Type: Regional | Status: Published

 

North America Hummus Market Forecast to 2027 – Covid-19 Impact and Analysis - By Type (Original Hummus, Red Pepper Hummus, Black Olive Hummus, White Bean Hummus, Edamame Hummus, and Others), Application (Sauces and Dips, Pastes and Spreads, and Others), and Distribution Channel (Supermarket and Hypermarket, Convenience Store, Online Store, and Other)

 

Number of Pages: 128

Market Introduction

North America comprises developed and developing countries such as the US, Canada, and Mexico. Consumers in the US and Canada are moving towards a healthy lifestyle and prefer products that are equally tasty and are healthy. Therefore, the increasing health concern among consumers drives the growth of the hummus market in North America. The companies are continuously enhancing the overall business processes to meet the customers demand in the best possible way. Several domestic and international companies have a strong foothold in the North American region. The region largely supports the growth of the hummus market through strong focus on investments in food and beverage sectors. In the North America region, U.S. is the chief market in the region, followed by Canada and Mexico. Demand for hummus is high, and industrialists are eyeing for opportunities to enlarge their business operations with improving economic conditions.


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Market Overview and Dynamics

The hummus market in North America is expected to grow from US$ 601.39 million in 2019 to US$ 1558.70 million by 2027; it is estimated to grow at a CAGR of 12.7% from 2020 to 2027. The rise in popularity of the hummus has motivated the manufacturers to boost the production volume and undertake investment in research and development along with new product development of hummus product with exotic taste which could suit consumer needs. The rise in industrial field expenditures coupled with increasing intense competition, and growing of adoption of hummus as a plant based healthy ingredients has driven the demand for new product launches. To keep in line with the objective, the key players in the market are launching new products with unique combination of vegetables, spices and other ingredients which is quite different from the original hummus. These include white bean hummus, black olive hummus, roasted garlic hummus and many others. Other than this, recent hummus launches with diversified flavor combinations includes pesto, harissa coriander, and sesame. Further, in 2017, a US start-up named as Delighted By launched a range of sweet hummus which was designed to be consumed as a dessert. Such a type of hummus is available in four different and indulgent flavors including snicker doodle, brownie batter, vanilla and choco-mint. Apart from being tasty, this type of hummus product is positioned to be a healthier alternative to the desserts.

The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

Key Market Segments

In terms of type, the original hummus segment accounted for the largest share of the North America hummus market in 2019. In terms of application, pastes and spread held a larger market share of North America hummus market in 2019. In terms of the distribution channel, supermarket and hypermarket accounts for the largest share in the North America hummus market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America hummus market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bakkavor, Boar’s Head Brand, Cedar’s Mediterranean Foods Inc., Fountain of Health, Hope Foods, LLC, Hummus Goodness, Lancaster Colony Corporation, Lantana Foods, Strauss Group , Tribe Hummus,

Reasons to buy report

  • To understand the North America hummus market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America hummus market
  • Efficiently plan M&A and partnership deals in North America hummus market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America hummus market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Hummus Market Segmentation

North America Hummus Market, by Type

  • Original hummus
  • Red pepper hummus
  • Black olive hummus
  • White bean hummus
  • Edamame hummus
  • Others

North America Hummus Market, by Application

  • Sauces and dips
  • Pastes and spreads
  • Others

North America Hummus Market – by Distribution Channel

  • Supermarkets and hypermarkets
  • Convenience store
  • Online stores
  • Others

North America Hummus Market – By Country

    • US
    • Canada
    • Mexico

Company Profiles

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

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Hummus Market Landscape

4.1         Market Overview

4.2         North America: PEST Analysis

4.3         Expert Opinion

5.           Hummus Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Increase in consumption of Protein-Rich Food with Growing Focus Over Veganism

5.1.2        Rise in Demand for Convenience Foods

5.2         Market Restraints

5.2.1        Volatility in Prices of Raw Materials Used in Preparation of Hummus

5.3         Market Opportunities:

5.3.1        New Product Launches

5.4         Future Trends:

5.4.1        Rising Adoption of HPP Hummus

5.5         Impact Analysis

6.           Hummus– North America Market Analysis

6.1         Hummus Market Overview

6.2         North America Hummus Market –Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning of Key Players

7.           North America Hummus Market Analysis – By Type

7.1         Overview

7.2         North America and Hummus Market, By Type (2019 and 2027)

7.3         Original Hummus

7.3.1        Overview

7.3.1.1          Original Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

7.4         Red Pepper Hummus

7.4.1        Overview

7.4.1.1          Red Pepper Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

7.5         Black Olive Hummus

7.5.1        Overview

7.5.1.1          Black Olive Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

7.6         White Bean Hummus

7.6.1        Overview

7.6.1.1          White Bean Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

7.7         Edamame Hummus

7.7.1        Overview

7.7.1.1          Edamame Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

7.8         Others

7.8.1        Overview

7.8.1.1          Others Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

8.           North America Hummus Market Analysis – By Application

8.1         Overview

8.2         North America Hummus Market, By Application (2019 and 2027)

8.3         Sauces and Dips

8.3.1        Overview

8.3.1.1          Sauces and Dips Hummus Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Pastes and Spreads

8.4.1        Overview

8.4.1.1          Pastes and Spreads Hummus Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.1.1          Others Hummus Market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Hummus Market Analysis – By Distribution Channel

9.1         Overview

9.2         North America Hummus Market, By Distribution Channel (2019 and 2027)

9.3         Supermarket and Hypermarket

9.3.1        Overview

9.3.1.1          Supermarket and Hypermarket: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

9.4         Convenience Store

9.4.1        Overview

9.4.1.1          Convenience Store: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

9.5         Online Stores

9.5.1        Overview

9.5.1.1          Online Stores: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.1.1          Others: Hummus Market – Revenue and Forecast to 2027 (US$ Million)

10.        Hummus Market – Country Analysis

10.1      North America: Hummus Market

10.1.1     North America: Hummus Market, by Key Country

10.1.1.1       US: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       US: Hummus Market, by Type

10.1.1.1.2       US: Hummus Market, by Application

10.1.1.1.3       US: Hummus Market, by Distribution Channel

10.1.1.2       Canada: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       Canada: Hummus Market, by Type

10.1.1.2.2       Canada: Hummus Market, by Application

10.1.1.2.3       Canada: Hummus Market, by Distribution Channel

10.1.1.3       Mexico: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Mexico: Hummus Market, by Type

10.1.1.3.2       Mexico: Hummus Market, by Application

10.1.1.3.3       Mexico: Hummus Market, by Distribution Channel

11.        Overview- Impact of COVID-19

12.        Impact of COVID-19 Pandemic on North America Hummus Market

12.1      North America: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Overview

13.2      Business Strategy & Business Planning

13.3      Merger and Acquisition

14.        Company Profiles

14.1      Bakkavor

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      CEDAR’S MEDITERRANEAN FOODS, INC.

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Hope Foods, LLC.

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Lantana Foods

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Lancaster Colony Corporation

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      Tribe Hummus

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Strauss Group

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.8      Fountain of Health

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      Boar’s Head Brand

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   Hummus Goodness

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

15.        Appendix

15.1      About The Insight Partners

15.2      Glossary

 

LIST OF TABLES

Table 1.             North America Hummus Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.             US Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             US Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             US Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 7.             Canada Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Mexico Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Mexico Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Glossary of Terms, North America Hummus Market

 

LIST OF FIGURES

Figure 1.           North America Hummus Market Segmentation

Figure 2.           North America Hummus Market Segmentation – By Country

Figure 3.           North America Hummus Market Overview

Figure 4.           Sauces and Dips Segment Held Largest Share of North America Hummus Market

Figure 5.           US Held the Largest Share of North America Hummus Market

Figure 6.           North America Hummus Market, Industry Landscape

Figure 7.           North America: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           North America Impact Analysis of Drivers and Restraints

Figure 10.        Country Overview of Hummus Market

Figure 11.        North America Hummus Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Market Positioning of Key Player in Hummus Market

Figure 13.        North America and Hummus Market Revenue Share, by Type (2019 and 2027)

Figure 14.        North America : Original Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        North America Red Pepper Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        North America Black Olive Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        North America White Bean Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        North America Edamame Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        North America Others Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        North America Market Revenue Share, by Application (2019 and 2027)

Figure 21.        North America Sauces and Dips Hummus Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America Pastes and Spreads Hummus Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        North America Others Hummus Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        North America Hummus Market Revenue Share, by Distribution Channel (2019 and 2027)

Figure 25.        North America Supermarket and Hypermarket: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 26.        North America Convenience Store: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        North America Online Stores: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 28.        Others: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

Figure 29.        North America: Hummus Market Revenue Share, by Key Country (2019 and 2027)

Figure 30.        US: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Canada: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Mexico: Hummus Market –Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Impact of COVID-19 Pandemic in North American Country Markets

 

The List of Companies - North America Hummus Market

  1. Bakkavor
  2. Boar’s Head Brand 
  3. Cedar’s Mediterranean Foods Inc.
  4. Fountain of Health 
  5. Hope Foods, LLC
  6. Hummus Goodness
  7. Lancaster Colony Corporation
  8. Lantana Foods
  9. Strauss Group 
  10. Tribe Hummus
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America hummus market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America hummus market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the hummus market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution. 
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