PUBLISHER: KBV Research | PRODUCT CODE: 1599443
PUBLISHER: KBV Research | PRODUCT CODE: 1599443
The Latin America, Middle East and Africa Hummus Market would witness market growth of 16.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 9,079.6 tonnes, showcasing a growth of 14.4% (2024-2031).
Online stores have emerged as a vital distribution channel in the hummus market, offering convenience, variety, and accessibility to consumers. These platforms enable customers to purchase hummus directly from brand websites, online grocery stores, and e-commerce giants like Amazon, Walmart, and Instacart. The rise in digital grocery shopping, particularly post-pandemic, has accelerated the adoption of online channels for perishable food items, including hummus. Thus, the Saudi Arabia market is expected to sell 339.1 tonnes of hummus by Online stores by the year 2031.
The Brazil market dominated the LAMEA Hummus Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $186.3 million by 2031. The Argentina market is showcasing a CAGR of 17.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 16.1% during (2024 - 2031).
The environmental benefits of plant-based foods, such as hummus, have also contributed significantly to its growing popularity as consumers become increasingly aware of the ecological impact of food production. As concerns over climate change and environmental sustainability rise, many people are turning to plant-based diets to reduce their carbon footprint.
Additionally, producing hummus, made primarily from chickpeas and other plant-based ingredients, requires far fewer natural resources, such as water and land, than animal-based products. For example, producing one pound of beef requires around 1,800 gallons of water, while producing one pound of chickpeas requires only about 200 gallons. This stark contrast in resource usage makes hummus a more sustainable option for environmentally conscious consumers.
In South Africa, the demand is primarily driven by the growing awareness and acceptance of plant-based foods. Environmental concerns are increasingly influencing consumer choices, with many South Africans shifting toward sustainable food options, propelling the demand for hummus. The Sustainable Development Goals (SDGs) promoted by the United Nations also resonate with local communities focused on health and sustainability. In addition, the rise of casual dining and fast-casual restaurants offering Mediterranean-inspired dishes has further propelled hummus demand. Prominent South African grocery chains are also expanding their hummus offerings, including innovative flavors to cater to diverse palates.
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Other Distribution Channels. Based on Packaging, the market is segmented into Tubs & Cups, Jars & Bottles, and Other Packagings. Based on Product, the market is segmented into Classic Hummus, Roasted Garlic Hummus, White Bean Hummus, Black Olive Hummus, and Other Products. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Hummus Market Report Segmentation
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Tonnes, USD Billion, 2020-2031)
By Product (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)