North America Hummus Market is expected to reach US$ 1,558.70 Mn by 2027


PRESS RELEASE BY The Insight Partners 15 Sep 2020

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Original hummus Segment to Dominate North America Hummus market during 2020–2027

 

According to The Insight Partners market research study on “North America Hummus market 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)is expected to reach US$ 1558.70 million by 2027 from US$ 601.39 million in 2019. The market is estimated to grow at a CAGR of 12.7% from 2020 to 2027. The report provides trends prevailing in the North America hummus market along with the drivers and restraints pertaining to the market growth. Increase in consumption of protein-rich food with growing focus over veganism and the rise in demand for convenience foods are the major factors driving the growth of the North America hummus market. However, issues associated with the volatility in prices of raw materials used in preparation of hummus may hinder the growth of North America hummus market.

 

The market for North America hummus is segmented into type, application and distribution channel. Based on type, the market is segmented into original hummus, red pepper hummus, black olive hummus, white bean hummus, edamame hummus, and others. In 2019, original hummus segment held the largest share in North America hummus market. Based on application the North America hummus market is divided into sauces and dips, pastes and spreads, and others. Pastes and spreads is expected to be the fastest growing segment over the forecast period. Based on the distribution channel the North America hummus market is divided into supermarkets and hypermarkets, convenience store, online stores, and others. Supermarkets and hypermarkets held the largest share in the North America hummus market.  Furthermore in this present scenario of COVID 19 pandemic, the North America hummus market has been facing difficulties as most of the industries are facing severe impacts by the outbreak of COVID-19, and the virus critically affected several countries such as US, Canada, and Mexico among others. The majority of the countries have imposed lockdown or restricted human movement causing the industries to face a severe impact on production as a result of less labor footfall.

 

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 are among the leading companies in the North America hummus market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019 Boar’s Head Brand expands its Boar's Head Simplicity line to offer more options in natural and organic hummus products.


North America hummus market, By Country, 2019 and 2027 (%)

North America hummus market, By Country, 2019 and 2027 (%)

North America Hummus Market to Grow at a CAGR of 12.7% to reach US$ 1,558.70 Million from 2020 to 2027

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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


 

The report segments the North America hummus market as follows:

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

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