Description
Europe Hummus Market Research Report—Forecast till 2026
Market Overview
Europe hummus market is anticipated to exhibit a significant CAGR of 9.2% to reach USD 653.36 Million during the review period. Hummus is a creamy dip prepared by blending chickpeas, tahini, olive oil, lemon juice, and garlic in a food processor. Hummus is consumption has increased in recent years due to its various health benefits such as rich fiber content, low glycemic index, anti-inflammatory properties, a great source of plant-based protein. The rising need for packaged hummus products, especially in Western Europe, is a major growth driving factor of the Europe hummus market. However, the limited availability of shelf-stable food product stocks in retail stores owing to the high impact of the COVID-19 outbreak on logistics is becoming one of the biggest concerns across Europe.
The Europe hummus market is expected to exhibit substantial market growth during the review period owing to the increasing demand for plant-based protein and increasing health consciousness among people. Additionally, the growth can be attributed to the growing requirement for plant-based protein and the increasing health consciousness. The classic hummus segment is becoming popular and set to command the market during the review period owing to the increasing consumption of Middle Eastern cuisine in Europe. Moreover, manufacturers are also expanding their product lines by launching organic hummus, which is expected to create lucrative opportunities for the vendors active in the regional market. However, variations in raw material prices are expected to restrain the growth of the Europe hummus market during the study.
Market Segmentation
Europe Hummus Market has been segmented based on Product Type, packaging type, and distribution channel. Based on product type the market has been classified on Classic Hummus, Lentil Hummus, Edamame Hummus, White Bean Hummus, Black Bean Hummus, and Others. The classic hummus segment is expected to register substantial CAGR and reach USD 435.42 million during the review period owing to the largest share in 2019.
Based on the Packaging Type segment the market is segmented on Tubs, Jars & Bottles, and Others. By Distribution Channel the market is bifurcated into Store-Based and Non-store-based segments.
Regional Analysis
Based on the region the Europe Hummus Market has been spread across the UK, Germany, France, Spain, Italy, Poland, and the Rest of Europe.
The UK is likely to contribute to the largest market owing to the biggest market of 42.09% in 2019. The Hummus Market in the UK is propelled by the highest number of hummus consumers. Germany constitutes the second largest market for hummus. Spain is considered the fastest growing market in the region owing to the existence of major producers and consumers of olive oil and paprika.
Major Players
The Key Players operating in the Europe hummus market include Obela (Australia), Sabra Dipping Co., LLC (US), Moorish (UK), Deldiche N.V. (Belgium), MeToo! Foods (UK), Lazy Foods (Netherlands), Labeyrie Fine Foods (France), Beliès (Belgium), Orexis Fresh Foods Ltd (UK), and Zorba Delicacies Limited (UK).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
