Europe Hummus Market Insights & Forecast Report 2021-2027
Market Scope
Market Research Future (MRFR) projects that
the Europe
hummus market can record a healthy growth rate of
9.2% and touch USD 653.36 Million by 2026.
Top Drivers and Key Deterrents
Rapid growth of the tourism sector as well as
hoteling in the country, strong influence of social media, and the rising
prominence of diaspora and expats are some of the key growth boosters in the
market. Hummus sales in Europe are booming at an impressive pace, as large
number of Middle Eastern people are migrating to the region and introducing
their traditional cuisines. Therefore, hummus has emerged as an exotic dish
among Americans who are more than willing to buy it. Additionally, with the
upsurge of vegetarians and vegans in the country, hummus is now viewed as an
excellent addition to the diet.
Hummus’ rising popularity backed by globalization
and the rapid diaspora spread are a few key growth inducers in the European market.
Hummus enjoys significant consumption rate across the region, in view of the
surging disposable income as well as lifestyle changes. Other factors for the
mounting product demand can be the soaring number of quick service restaurants,
emergence of new food service apps, growing health awareness and urbanization.
Consumer preference among consumers for artisanal food items and the continuous
launch of newer flavors could foster further market growth.
Leading Companies
The top firms in the Europe hummus industry
are Labeyrie Fine Foods (France), Sabra Dipping Co., LLC (US), Zorba Delicacies
Limited (UK), Deldiche N.V. (Belgium), Beliès (Belgium), Obela
(Australia), Moorish (UK), Orexis Fresh Foods Ltd (UK), MeToo! Foods (UK), Lazy
Foods (Netherlands), to name a few.
These players are mostly focused on new
product launches, acquisitions and expansions with the aim to solidify their
market positions.
Segmental Review
The Europe hummus industry has been
extensively covered in the MRFR report, while also highlighting a few major
segments, namely product type, packaging type and distribution channels.
Product types considered in the MRFR report
are Black Bean Hummus, Lentil Hummus, Classic Hummus, White Bean Hummus,
Edamame Hummus and more. Classic hummus is the highest gaining segment in the
market and should garner a valuation of USD 435.42 million by 2026-end. Classic
humus is quite popular in Europe, in view of the growing prevalence of dishes
from the Middle East. cuisine in Europe. But, in the ensuing years, the lentil
hummus segment can secure a higher growth rate.
Packaging type-based segments include Jars
& Bottles, Tubs and others.
Distribution channels covered in the MRFR
study are Store-Based [which are Convenience Stores, Supermarkets &
Hypermarkets, and others] as well as Non-Store-Based. Supermarkets and
hypermarkets are in the lead, since leading players prefer selling their
products through retail stores. Meanwhile, various firms are setting up new
mortar and brick stores worldwide to boost their customer base.
Press Release@ https://www.marketresearchfuture.com/press-release/europe-hummus-market
Regional Insight
Italy, Germany, Spain, Poland, France and the
UK are the primary markets for hummus in Europe.
The UK is the biggest market for hummus in
Europe with a share of 42.09% and managed to secure the leading position in 2019.
The country accommodates the highest number of consumers, given the expanding
ethnic population in the country and the growing exchange of different
cultures.
Another strong market in the region is Germany,
where the market size is primarily fuelled by the surge in R&D activities,
technical innovations in processing methodologies and advances in the packaging
technology. The firms in the region are presented lucrative opportunities in
the form of expanding population of health-conscious consumers who view hummus as
a highly nutritious cuisine.
Spain is a promising market, since the staple
food of the country is generally considered Mediterranean. Spain is also known
for its vast production and consumption of olive oil as well as paprika, which
has made it possible for hummus to gain significant traction in the country. Surging consumer interest in exotic and ethnic
flavours will do wonders for the hummus market in Spain over the coming years. Also,
soaring number of hummus launches, with majority of them being flavour
combinations including coriander, pesto, sesame and harissa can contribute to
the market growth in Spain. Also, the shift from retail segment to e-commerce
by consumers along with changing consumption patterns has been the latest trend
in the European market for hummus.
Recent Updates
October
2020
Nestle has launched its latest
brand, Mezeast in Holland, and the extensive range will feature hummus along with
shawarma, falafel, toum, kofta, muhammara, tahini, and more sourced from the
Middle East. The new range will be available via Albert Heijn, the Dutch
retailer in the country.
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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