PUNE, India, Aug. 28, 2017 (GLOBE NEWSWIRE) -- Market Research Future has a cooked research report on global hummus market which contains information from 2016 to 2022. Hummus Market is projected to USD 1.104 billion by 2022 growing at a CAGR of 9.38% from 2016 to 2022.
Competitive Analysis:
Market Research Future (MRFR) recognizes the following companies as the key players in the Hummus Market: Sabra, Haliburton, Otria, Tribe, Cedar, Wild Garden, and Athenos.
This report includes a study of strategies used in the market, mergers and acquisitions in hummus, multiple product launch by hummus market players. It further includes product portfolios and developments of leading major players which includes. The global hummus market is mainly occupied by some key manufacturers. The competitive environment in this market is expected to increase with an increase in product portfolio from current key players. The high acceptance of hummus among end-users have encouraged the key player to increase the product line in the market.
Market Overview:
Hummus is light on the stomach, good for digestion and enriched with some of the most essential nutrients and minerals that our body needs. Due to hectic schedule of working class, proper nutrient is not taken in. It is mainly gluten free, so as the number of patient suffering from gluten intolerance is increasing the demand for gluten free food products is also increasing. The demand for hummus is expected to increase greatly in the coming years especially in developed countries where it is becoming an important part of breakfast diet. Hummus are mainly available in various flavors to suit various consumer’s needs. R&D, innovative product line, improvement in the packaging technology are the recent developments by the key manufacturers driving the market growth in the recent years.
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R&D, innovation in processing methodology, improvement in the packaging technology are the recent investment done by the manufacturers have provided various product line to consumers which is driving the market growth in the coming years. Hummus being nutritious in nature, is considered healthy alternative to various breakfast spreads.
Market Drivers:
Globally, the market for hummus has been increasing due to rising demand of healthy food products. Key drivers for the market are increase in awareness of gluten intolerance that’s gluten free food demands have increased; consumers are switching to hummus for weight loss and healthy dose of proteins, fibers and fats. Additionally market is driven by increasing awareness among consumer regarding importance of proper nutrient intake. Increasing popularity about nutrient composition in hummus is influencing growth of the market. Manufacturers are introducing number of products with different combination of vegetables, spices and other ingredients are fueling the sales of hummus worldwide. Rising recommendation of hummus as a healthy alternative to other breakfast spreads from dieticians is also supporting the market growth for healthier lifestyle.
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Application Analysis:
Hummus is largely used in various sauces, dips and soups etc. Hummus is also used in various soups, desserts and confectionaries. Classic hummus is consumed on large basis by various consumer groups on daily basis especially working class. Hummus in confectionary is gaining consumer’s attention. Healthy alternative to other breakfast spreads is popular among consumers who prefer healthy products.
Regional Analysis:
The Global Hummus Market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific has the major market share followed by North America, as there is change in the consumption pattern. In North America the demand for classic hummus is increasing than compared to other flavored.
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