The North America and LATAM hummus market was valued at US$ 973.10 million in 2019 and is projected to reach US$ 2,555.25 million by 2027; it is expected to grow at a CAGR of 12.9% from 2020 to 2027.
Hummus is a paste or dip that is preferably consumed with pita, it is prepared from chickpeas, mashed with garlic, oil, lemon juice, and tahini. Hummus is a composition of natural ingredients and is known for its rich nutritional profile, which helps to maintain heart and blood health while managing weight. They are one of the organic and clean label forms of products that are increasingly preferred by consumers opting minimally processed and organic plant-based food items. Growing consciousness toward health among the population coupled with a surge in demand for protein rich foods and adoption of veganism trend are expected to proliferate the growth of the market.
In 2019, North America contributed to a larger share in the North America and LATAM hummus market. The growth of the hummus market in this region is primarily attributed to the rapid growth of food & beverage industry. Rising demand for healthy and nutritional food products among the health-conscious consumers is another major factor driving the hummus market in North America. Additionally, rising trend toward veganism coupled with growing preference toward healthy convenience food items and protein rich food is expected to fuel the growth of the North America hummus market.
The COVID-19pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globeat a fast pace. The US, Brazil,India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affectedeconomies and industries due to enforced lockdown, travel bans, and business shutdowns. Food & beverageis one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.The global economic break down due to COVID-19 is also affecting the growth of the North America and LATAM hummus market due to shutting down of factories and obstacles in supply chain.
North America and LATAM Hummus Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights
Increase in Consumption of Protein-Rich Food
Hummus is a rich source of proteins. Proteins are considered as building blocks to maintain the structure and function of the human body. The benefits associated with protein are attracting consumers to prefer protein-rich food & beverages available in the market. As protein-rich food is considered one of the strongest trends in the food &beverage industry, it creates a huge demand for hummus in North America and LATAM. Additionally, the growing focus toward meat-free alternative and plant based ingredients to support the trend of veganism, is further proliferating the demand for hummus among the population. Following the protein rich food trend, the manufacturers are trying to incorporate nutritional food ingredients, such as hummus, in the preparation of food products so as to improve the overall nutritional aspect of the food. Hummus can be conveniently prepared and it acts as a significant condiment to other recipes. Moreover, growing health and wellness trends has created a significant demand for functional food items over the past years.
Type –BasedInsights
Based on type,the hummus marketis segmented into original hummus, red pepper hummus, black olive hummus, white beans hummus, edamame hummus, and others. In 2019, the original hummus segment dominated the North America and LATAM hummus market; however, the black olive hummus segmentis expected to grow at a higher CAGR during the forecast period.Original hummus is a type of spread, dip, or savory dish that is prepared from cooked or mashed chickpeas, which is blended with tahini, garlic, or lemon juice. Original hummus preparation is an easy and affordable process, and the resulting flavor is superior to the tubs of store-bought dips. Original hummus is often paired with freshly fried falafel and is also shared alongside full mudammas in a dish that is known as hummus full. In some western countries such as the US and Mexico, original hummus is served as an appetizer or snack dip together with vegetable crudities, chips, and pita breads. The original hummus is high in nutrition content and is packed with plant based proteins. It is rich in fibers that promote digestive health and feeds the good gut bacteria in the human body. Besides this, it is low in glycemic index that helps in controlling the blood sugar levels.
North America and LATAM Hummus Market, by Type - 2019 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Application-BasedInsights
Based on application, the North America and LATAM hummus market is segmented into sauces and dips, pastes and spreads, and others.In 2019, sauces and dips segmentheld the largest share of the North America and LATAM hummusmarket; whereas, the pastes and spreads segment is expected to register the fastest CAGR during the forecast period. Hummus is a plant based ingredient which is extensively used to prepare sauces and dips in the food industry. As hummus is prepared using natural and clean label ingredients, it is considered to be a healthier dip option compared to sauces or dips prepared from cheese or mayonnaise. High protein content makes it a healthier consumption option. With the growing consumer inclination toward fresh and minimally processed convenience products along with rising consumption of dips, spreads and sauces, the demand for hummus is expected to rise in the North America and LATAM region.
Distribution Channel-Based Insights
Based on distribution channel, the North America and LATAM hummus market is segmented into supermarket/hypermarket, convenience stores, online, and others.In 2019, the supermarket/hypermarketsegmentaccounted for a major share of the North America and LATAM hummusmarket; whereas, the onlinestores segment is expected to register the fastest CAGR during the forecast period. Hypermarkets and supermarkets are self-help stores where products are placed in an organized way in different sections and shelves to attract customers. These types of stores offer an extensive choice of hummus products to consumers at one place in affordable prices compared to other distribution channels. This factor has led to increased sales of hummus products through supermarkets and hypermarkets.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America and LATAM Hummus Market: Strategic Insights
Market Size Value in US$ 973.10 Million in 2019 Market Size Value by US$ 2,555.25 Million by 2027 Growth rate CAGR of 12.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America and LATAM Hummus Market: Strategic Insights
| Market Size Value in | US$ 973.10 Million in 2019 |
| Market Size Value by | US$ 2,555.25 Million by 2027 |
| Growth rate | CAGR of 12.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Several strategiessuch as merger and acquisitionand business planning and strategies are commonly adopted by the companies to expand their footprint worldwide. Lancaster Colony Corporation; Strauss Group; Bakkavor; Cedar’s Mediterranean Foods, INC.; and Tribe Hummus are among the key players in the North America and LATAMhummus market implementing these strategies to enlarge the customer base and gain significant share, which, in turn allows themto maintain their brand name.
North America and LATAM Hummus Market – by Nature
- Original Hummus
- Red Pepper Hummus
- Black Olive Hummus
- White Bean Hummus
- Edamame Hummus
- Others
North America and LATAM Hummus Market – by Application
- Sauces and Dips
- Pastes and Spreads
- Others
North America and LATAM Hummus Market – by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Others
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, Distribution Channel, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
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 PEST Analysis
4.2.1 North America
4.2.2 LATAM
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 and LATAM Market Analysis
6.1 Hummus Market Overview
6.2 Hummus Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning of Key Players
7. North America and LATAM Hummus Market Analysis – By Type
7.1 Overview
7.2 North America and LATAM Hummus Market, By Type (2019 and 2027)
7.3 Original Hummus
7.3.1 Overview
7.3.1.1 Original Hummus: North America and LATAM 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: North America and LATAM 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: North America and LATAM 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: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Edamame Hummus
7.7.1 Overview
7.7.1.1 Edamame Hummus: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.1.1 Others: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
8. North America and LATAM Hummus Market Analysis – By Application
8.1 Overview
8.2 North America and LATAM Hummus Market, By Application (2019 and 2027)
8.3 Sauces and Dips
8.3.1 Overview
8.3.1.1 Sauces and Dips: North America and LATAM 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: North America and LATAM Hummus Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.1.1 Others: North America and LATAM Hummus Market – Revenue and Forecast to 2027 (US$ Million)
9. Hummus Market Analysis – By Distribution Channel
9.1 Overview
9.2 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 – Geography Analysis
10.1 North America: Hummus Market
10.1.1 North America: Hummus Market –Revenue and Forecast to 2027(US$ Million)
10.1.2 North America: Hummus Market, by Type
10.1.3 North America: Hummus Market, by Application
10.1.4 North America: Hummus Market, by Distribution Channel
10.1.5 North America: Hummus Market, by Key Country
10.1.5.1 US: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
10.1.5.1.1 US: Hummus Market, by Type
10.1.5.1.2 US: Hummus Market, by Application
10.1.5.1.3 US: Hummus Market, by Distribution Channel
10.1.5.2 Canada: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
10.1.5.2.1 Canada: Hummus Market, by Type
10.1.5.2.2 Canada: Hummus Market, by Application
10.1.5.2.3 Canada: Hummus Market, by Distribution Channel
10.1.5.3 Mexico: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
10.1.5.3.1 Mexico: Hummus Market, by Type
10.1.5.3.2 Mexico: Hummus Market, by Application
10.1.5.3.3 Mexico: Hummus Market, by Distribution Channel
10.2 LATAM: Hummus Market
10.2.1 LATAM: Hummus Market –Revenue and Forecast to 2027(US$ Million)
10.2.2 LATAM: Hummus Market, by Type
10.2.3 LATAM: Hummus Market, by Application
10.2.4 LATAM: Hummus Market, by Distribution Channel
10.2.5 LATAM: Hummus Market, by Key Country
10.2.5.1 South America: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 South America: Hummus Market, by Type
10.2.5.1.2 South America: Hummus Market, by Application
10.2.5.1.3 South America: Hummus Market, by Distribution Channel
10.2.5.2 Caricom: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Caricom: Hummus Market, by Type
10.2.5.2.2 Caricom: Hummus Market, by Application
10.2.5.2.3 Caricom: Hummus Market, by Distribution Channel
11. Overview- Impact of COVID-19
12. Impact of COVID-19 Pandemic on North America and LATAM Hummus Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 LATAM: 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. Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 5. US Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. US Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 7. US Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 14. LATAM Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. LATAM Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. LATAM Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 17. South America Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. South America Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 19. South America Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 20. Caricom Hummus Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Caricom Hummus Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. Caricom Hummus Market, by Distribution Channel – Revenue and Forecast to 2027 (US$ Million)
Table 23. Glossary of Terms, North America & LATAM Hummus Market
LIST OF FIGURES
Figure 1. Hummus Market Segmentation
Figure 2. Hummus Market Segmentation – By Country
Figure 3. North America and LATAM Hummus Market Overview
Figure 4. Sauces and Dips Segment Held Largest Share of North America and LATAM Hummus Market
Figure 5. North America Region Held Largest Share of North America and LATAM Hummus Market
Figure 6. North America and LATAM Hummus Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. LATAM: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Hummus Market
Figure 12. Hummus Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Market Positioning of Key Player in Global Hummus Market
Figure 14. North America and LATAM Hummus Market Revenue Share, by Type (2019 and 2027)
Figure 15. Original Hummus: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Red Pepper Hummus: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Black Olive Hummus: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. White Bean Hummus: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Edamame Hummus: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Others: North America and LATAM Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. North America and LATAM Hummus Market Revenue Share, by Application (2019 and 2027)
Figure 22. Sauces and Dips: North America and LATAM Hummus Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Pastes and Spreads: North America and LATAM Hummus Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Others: North America and LATAM Hummus Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Hummus Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 26. Supermarket and Hypermarket: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Convenience Store: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Online Stores: Hummus Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Others: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. North America: Hummus Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. North America: Hummus Market Revenue Share, by Type (2019 and 2027)
Figure 32. North America: Hummus Market Revenue Share, by Application (2019 and 2027)
Figure 33. North America: Hummus Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 34. North America: Hummus Market Revenue Share, by Key Country (2019 and 2027)
Figure 35. US: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Figure 36. Canada: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Figure 37. Mexico: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Figure 38. LATAM: Hummus Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. LATAM: Hummus Market Revenue Share, by Type (2019 and 2027)
Figure 40. LATAM: Hummus Market Revenue Share, by Application (2019 and 2027)
Figure 41. LATAM: Hummus Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 42. LATAM: Hummus Market Revenue Share, by Key Country (2019 and 2027)
Figure 43. South America: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Figure 44. Caricom: Hummus Market –Revenue and Forecast to 2027 (US$ Million)
Figure 45. Impact of COVID-19 Pandemic in North American Country Markets
Figure 46. Impact of COVID-19 Pandemic in LATAM Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to North America and LATAM Hummus Market
Aug 2020
Corn and Wheat-Based Feed Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)], Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others), and Geography
Aug 2020
Icing and Frosting Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Icing and Frosting), Category (Gluten-Free and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others), and Geography
Aug 2020
Fermented Flavor and Fragrance Ingredients Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Fruity, Floral, Woody, Blends, and Others), Application (Food and Beverages, Personal Care Products, Cosmetics, and Others), and Geography
Aug 2020
Aroma Ingredients for Food and Beverages Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Synthetic (Terpenes, Aldehydes, Aliphatic, and Others) and Natural (Essential Oils, Herbal Extracts, Oleoresins, and Others)] and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals, and Others)
Aug 2020
High-End Rum Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (White, Dark, and Gold), Category (Super Premium, Ultra-Premium, and Prestige & Prestige Plus), Nature (Plain and Flavored), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Aug 2020
Edible Oils and Fats Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Oil (Soybean Oil, Sunflower Oil, Palm Oil, Canola Oil/Rapeseed Oil, and Others) and Fats (Butter, Margarine, Palm Oil Based Shortening, and Vegetable Oil Based Shortening, and Others)] and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, RTE and RTC Meals, Snacks, and Others), Animal Nutrition, and Pharmaceuticals and Nutraceuticals]
Aug 2020
Flavor Masking Agents for Food and Beverages Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Sweet, Salt, Fat, Bitter, and Others) and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Beverages; Meat, Poultry, and Seafood; Meat Substitutes; Dairy Alternatives; RTE and RTC Meals; and Others)
Aug 2020
Chicken Powder Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Low-Fat and Conventional) and Application [Food & Beverages (RTE and RTC Meals; Soups, Sauces, and Dressings; Savory Snacks; Noodles and Pastas; and Others), Dietary Supplements, Pet Food, and Animal Feed]