Europe Hummus Market Overview | Regional Study, By Growth Prospects & Forecast 2030
Market Overview
Extensive research on the
Europe Hummus Market indicates that the market is expected to have significant
growth during the forecast period of 2020 to 2026. The value of the Europe Hummus
market is estimated to be USD 653.36 million by 2030, registering a CAGR of
9.2% over the forecast period.
Hummus is made from lemons, garlic, olive oil,
and tahini with gram, beans, lentils, or other lemon purees. It is usually
eaten with pita bread or other whole-grain bread which acts as a source of protein,
it contains essential amino acids. Due to its high-protein content, hummus is
emerging as a source of highly nutritious plant-based protein for Europe's
growing vegetarian population.
The covid-19 pandemic has
negatively impacted the global economy as well as the food industry due to
lockdown and social distancing. But
during the pandemic, the rising demand for home-cooked food and easy cooking
items like hummus has increased. This makes the Europe Hummus Market value goes
up even more.
Market Segmentation
Segmentation helps large
and small businesses effectively market their products and builds a corporate
strategy that drives their products to the right audience. The Europe Hummus
Market is segmented based on product, packaging, distribution channel, and
region.
Based on the product type
the Europe Hummus Market is divided into Classic, Lentil, Edamame, White Bean, and Black Bean. The market experts
anticipated that Europe Hummus Market sellers should focus on capturing
business opportunities from the classic Hummus segment as it is responsible for
the largest market share in the base year.
The market is divided into
packaging types including Tubs, jars, bottles, and others. Due to the rising
demand for plant-based protein, this sector occupied a significant market
share.
Based on distribution the
Europe Hummus market is divided into two parts includes, stored based and non-
stored based. The stored-based segmentation is divided into supermarkets, hypermarkets,
convenience stores, and others. The growth of the market is based on the rising
number of convenience stores.
Regional classification
Based on region the Europe Hummus Market Overview is segmented into the regions of North America, South
America, Europe, Asia, and Africa.
According to regional
analysis, the Middle East and the United States account for the largest share
of the traditional value of Hamas production in the Middle East.
UK, Germany, France, Spain,
Italy, Poland, and the Rest of Europe have been
identified as the most attractive destinations for food exporters. Another
reason for the growth of this market is the growing demand for packaged Humus
products, especially in Western Europe, as well as the growing demand for
plant-based proteins and the growing choice for healthier eating habits, which
are expected to grow substantially in Europe Hummus Market.
Industry Growth
The Europe Hummus Market
has the potential to grow a lot in the coming years. One of the main parameters
to encourage market growth is the growing concern about the use of toxic
chemicals in agriculture and the adverse effects on consumer health. Though, it
is a growing industry for the digitization of food services. Consumers are
increasingly choosing to order food online for home delivery.
The key players in this
market are going for joint ventures and alliances which are expected to
increase the total Europe Hummus Market Size during the forecast period. Obela Australia is one of
the leading key players in the Europe Hummus Market.
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NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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