The hummus market in Europe is set to grow by USD 321.34 million from 2021 to 2026, progressing at a CAGR of 8.53% during the forecast period. The UK is expected to account for maximum growth owing to the rising popularity of home-cooked meals, which is driving vendors to focus on launching organic and natural ingredient-based hummus.
The report on the hummus market in Europe provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Technavio analyzes the market by Type (Classic hummus, Lentil hummus, and Others) and Geography (UK, Germany, France, Spain, and Rest of Europe).
By type, the classic hummus segment accounted for a major share of the market in 2021. The rising consumer preference for new flavors and plant-based protein dips is driving the growth of the segment. Also, the growing adoption of legume varieties like chickpeas and related products is contributing to the segment’s growth.
The growing popularity of hummus is expected to have a positive impact on the growth of the hummus market in Europe during the forecast period. Hummus is increasingly gaining prominence in Europe as a staple item that can be eaten along with bread. The sesame seeds used in hummus boosts protein content, vitamins, and essential minerals in food items, which has further increased the popularity of hummus. Also, the presence of headquarters of popular hummus manufacturers such as Moorish Ltd and Deldiche NV in Europe has been contributing to the growth of the hummus market.
In addition, the shifting consumer preference for plant-based protein and the growing demand for ethnic dishes will further drive the hummus market growth in Europe during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.