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NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global hummus market size is estimated to grow by USD 2.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 12.5% during the forecast period. Introduction of new packaging is driving market growth, with a trend towards growing retail space. However, effects of natural calamities and raw material supply shortage poses a challenge. Key market players include Bakkavor Group PLC, Boars Head Brand, Cedars Mediterranean Foods Inc., Conagra Brands Inc., Damai International, Deldiche NV, Fountain of Health, Haliburton International Foods Inc., Harvest Moon Foods, Hummus Goodness, Kasih Food Production Co., Lakeview Farms LLC, Lancaster Colony Corp., Moorish Ltd., PepsiCo Inc., Savencia SA, Strauss Group Ltd., The Huda Bar, The Kraft Heinz Co., and Wingreens Farms Pvt. Ltd. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The global hummus market is experiencing growth due to the expanding retail landscape. Traditional sales channels, including supermarkets, hypermarkets, and convenience stores, continue to dominate. However, online sales are gaining popularity. E-commerce portals like Amazon, Tesco, BigBasket, and others are seeing increased sales of hummus products. Companies, such as Haliburton International Foods, have established their online presence. The US online grocery sales industry has grown an average of 17.6% per year since 2017. This trend is expected to positively impact the growth of the global hummus market during the forecast period. The hummus market is experiencing in popularity, especially among millennials seeking healthy, plant-based snack options. Chickpea Hummus, Tahini Dip, and Chickpea Spread are top choices, offering proteins, fiber, antioxidants, vitamins, and nutritious constituents. New flavors like Lavender, Lime, Blueberry, and herbs and spices such as turmeric, are capturing consumers' attention. Long shelf-life and convenience make hummus a fridge staple. Affordability and health-beneficial attributes make it a go-to choice for vegan diets and veganism. Hummus comes in various flavors including Classic, Lentil, Garlic, Black, White bean, and organic options. Brands are focusing on functional ingredients, immunity attributes, and environmental sustainability by offering single-serve cups and using herbs and spices. Hummus is not just a dip but a versatile plant-based appetizer for Mediterranean Cuisine, Vegan Snacks, and healthy diets. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The production of hummus relies on two primary raw materials: chickpeas and garlic. The cultivation of these crops is susceptible to external factors, including natural calamities and plant diseases. Natural disasters such as droughts, floods, storms, earthquakes, and volcanic eruptions account for over 70% of economic losses in agriculture. Additionally, diseases in garlic and chickpea plants can negatively impact hummus production. The increasing frequency and severity of natural calamities may lead to chickpea shortages, raising production costs and potentially hindering the growth of the global hummus market. The hummus market is experiencing significant growth, with millennials and vegans leading the charge for this plant-based dip option. Chickpea Hummus, Tahini Dip, and Chickpea Spread are popular choices, offering affordability, convenience, and health-beneficial attributes. Hummus comes in various flavors like lavender, lime, blueberry, and garlic, catering to consumers' taste preferences. Shelf-life and affordability are key challenges, with many companies focusing on functional ingredients and herbs and spices for immunity attributes. Proteins, fiber, antioxidants, vitamins, and nutritional constituents make hummus a nutritious snack. Hummus is a fridge staple in Mediterranean cuisine and a healthy plant-based appetizer. Vegan diets and veganism are driving demand for hummus as a vegan snack. Environmental sustainability is also a concern, with single-serve cups and organic options gaining popularity. Hummus Recipe using chickpea paste is simple and versatile, making it a go-to choice for those seeking a quick and tasty snack. Lentil Hummus, Black Hummus, White bean Hummus, and other flavors cater to diverse tastes. Functional ingredients like turmeric add to hummus's immunity attributes, making it a popular choice for those seeking a healthy snack option. Hummus is a delicious and convenient addition to any diet, whether you're following a vegan lifestyle or simply looking for a tasty and nutritious snack. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This hummus market report extensively covers market segmentation by 1.1 Sauces and dips 1.2 Pastes and spreads 1.3 Others 2.1 Classic hummus 2.2 Lentil hummus 2.3 Others 3.1 North America 3.2 Europe 3.3 APAC 3.4 Middle East and Africa 3.5 South America 1.1 Sauces and dips- Hummus Market is a thriving business specializing in producing and selling authentic, high-quality hummus. Our commitment to using only the finest ingredients and traditional preparation methods has earned US a loyal customer base. We offer various flavors and sizes to cater to diverse tastes and preferences. Our team ensures timely delivery and excellent customer service. Join US in savoring the delicious taste of hummus. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Hummus is a popular and versatile plant-based dip originating from Mediterranean cuisine, beloved for its rich and creamy texture. Made primarily from chickpeas, tahini, garlic, and herbs and spices, hummus comes in various flavors such as Classic, Organic, Lentil, Garlic, Black, White bean, and Chickpea. These functional ingredients offer health-beneficial attributes, including proteins, fiber, antioxidants, vitamins, and nutritional constituents. As consumers' attention shifts towards vegan diets and environmental sustainability, hummus has emerged as a convenient and affordable plant-based snack option. Its long shelf-life makes it a fridge staple, and its taste and convenience have made it a favorite among millennials. Functional ingredients like turmeric, lavender, lime, blueberry, and herbs and spices add unique flavors and immunity attributes to hummus. Single-serve cups and convenient packaging have also made hummus an ideal choice for those on-the-go. With its health benefits and delicious taste, hummus continues to be a popular choice for those following vegan diets or simply looking for healthy and convenient snack options. Whether enjoyed as a dip, spread, or appetizer, hummus is a plant-based powerhouse that caters to various dietary needs and preferences. Market Research Overview Discover the delicious and nutritious world of hummus, a beloved staple in Mediterranean cuisine! Organic hummus made from chickpeas and tahini is a popular choice for those following vegan diets or embracing veganism. Lentil, Garlic, Black, White bean, and Chickpea Hummus offer various flavors to cater to every taste preference. Hummus is not only delicious but also boasts numerous health-beneficial attributes. Packed with proteins, fiber, antioxidants, vitamins, and nutritional constituents, it makes an excellent choice for healthy snacking. Herbs and spices like turmeric, lavender, lime, blueberry, and others add functional ingredients and immunity attributes to hummus, making it a versatile and exciting addition to any meal. Single-serve cups ensure convenience, while maintaining affordability and extended shelf-life. Hummus is more than just a plant-based dip option; it's a fridge staple that captures consumers' attention with its taste and nutritional value. Millennials appreciate hummus as a convenient and healthy snack, contributing to its growing popularity. With numerous flavors like Tahini Dip, Vegan Snacks, Chickpea Spread, and Healthy Dip, hummus caters to various preferences and dietary needs. Experience the joy of making your own Hummus Recipe at home or enjoy it as a Plant-based Appetizer at your next gathering. Hummus is a Gluten-free Option and a Nutritious Snack that offers a delightful twist to the classic Chickpea Hummus. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Application Sauces And Dips Pastes And Spreads Others Type Classic Hummus Lentil Hummus Others Geography North America Europe APAC Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioiPhone 17 Pro set for BIG design changes in 2025- Here?s what we know
Visitors look at unmanned aerial vehicle (UAV) products at the 2024 Chengdu International Low-altitude Equipment and Services Expo in Chengdu, southwest China's Sichuan Province, Sept. 20, 2024. (Xinhua/Tang Wenhao) CHENGDU, Dec. 29 (Xinhua) -- China's first "4S store" for drones has been put into trial operation at a national base for civil unmanned aerial vehicle (UAV) testing in southwest China, a move to further boost the country's burgeoning low-altitude economy. The "4S store," officially known as the Low-Altitude Economy Intelligent Equipment Exhibition and Sales Center, started trial operation on Thursday, the Chengdu Daily reported on Friday. The center is run by the testing base "Sky Eye," which is located in Pengzhou, some 70 km from Chengdu, the capital city of Sichuan Province. Similar to traditional automobile 4S stores, it provides services on drone sales, maintenance, parts and information, according to the report. It also adds supplementary services such as drone insurance, financial services, public education and forum activities. A total of 32 drone-related companies have signed agreements to set up operations within the center. "Here, you can purchase a wide variety of drones with comprehensive functions at competitive prices, while also experiencing a one-stop 'buy and try' service," said Zhou Xiaoming, head of "Sky Eye." Finding test-flight sites and obtaining airspace approvals have long posed challenges for the drone industry in China. Located in the Longmen Mountain range, "Sky Eye" boasts an airspace with an elevation below 1,200 meters and a radius of 5 km, in which numerous types of drones conduct various test missions on a daily basis. On Dec. 8, 2017, "Sky Eye" received approval for airspace use, marking the official establishment of the first civil UAV flight base in southwest China. In August 2022, "Sky Eye" was approved as a national civil UAV testing base, allowing trial flights to be reported just one hour in advance. With this pioneering move, it saw a significant transition for airspace management from an "approval system" to a "notification system" in China, effectively addressing the surging demand for airspace use, reducing user costs, and enhancing operational efficiency, according to the newspaper report. Currently, "Sky Eye" boasts 10 test-flight locations and 19 low-altitude economic application scenarios, making it the largest of 20 national testing bases in terms of quantity in China. It has attracted 132 entities engaged in drone research and development, production, mission payloads and system management, injecting robust momentum into the development of Sichuan's low-altitude economy. China's drone industry has experienced rapid development, with nearly 608,000 UAVs newly registered in the first half (H1) of 2024, an increase of 48 percent from the figure registered at the end of 2023, according to data released by the Civil Aviation Administration of China in July. The cumulative flight time of UAVs reached nearly 9.82 million hours in H1, an increase of 134,000 hours over the same period last year. The booming low-altitude economy, propelled by technological innovation, is experiencing rapid growth in China. A report by a research institute under the Ministry of Industry and Information Technology of China showed that the sector's value reached 505.95 billion yuan (about 70.37 billion U.S. dollars) in 2023, and is projected to surpass 1 trillion yuan by 2026.