Top 10 Hummus Ingredient Suppliers
1. Chickpeas Suppliers
Chickpeas are a key ingredient in hummus, providing the base for this popular Middle Eastern dip. Some of the top suppliers of chickpeas include:
– AGT Foods: AGT Foods is a leading global supplier of chickpeas, offering a wide range of varieties to meet different customer needs. The company has a strong presence in the Middle East and North America.
– Olam International: Olam International is another major player in the chickpeas market, with a diverse portfolio of agricultural products. The company sources chickpeas from various regions, ensuring quality and consistency.
– The Saskatoon Co-operative Association: This Canadian cooperative is known for its high-quality chickpeas, which are grown in the fertile Saskatchewan region. The cooperative focuses on sustainable farming practices to produce premium chickpeas.
2. Tahini Suppliers
Tahini is another essential ingredient in hummus, providing a rich and creamy texture to the dip. Here are some of the top suppliers of tahini:
– Joyva: Joyva is a well-known brand in the tahini market, offering high-quality products made from premium sesame seeds. The company has a strong reputation for its authentic Middle Eastern flavors.
– Achdut: Achdut is a leading tahini supplier based in Israel, known for its traditional production methods and superior quality. The company sources sesame seeds from select growers to ensure the best taste and texture.
– Krinos Foods: Krinos Foods is a major distributor of Mediterranean foods, including tahini. The company offers a wide range of tahini products to cater to different customer preferences.
3. Industry Insights
The hummus market has been experiencing steady growth in recent years, driven by increasing consumer demand for healthy and flavorful snacks. According to market research firm Grand View Research, the global hummus market is expected to reach $1.1 billion by 2025, with a compound annual growth rate of 12.5%.
Consumers are increasingly seeking out plant-based foods like hummus, which is perceived as a nutritious and versatile option. This trend has led to a rise in demand for hummus ingredients, including chickpeas and tahini.
In addition to traditional hummus varieties, manufacturers are also introducing innovative flavors and ingredients to cater to changing consumer preferences. This includes spicy hummus, roasted red pepper hummus, and even dessert hummus made with flavors like chocolate and caramel.
4. Financial Data
– AGT Foods reported annual revenues of $1.5 billion in 2020, with a net profit of $75 million.
– Olam International recorded total sales of $35.8 billion in 2020, with a net income of $300 million.
– Joyva’s parent company, Manischewitz, reported revenues of $100 million in 2020, with a net profit of $5 million.
5. Trends
One of the key trends in the hummus market is the growing popularity of organic and non-GMO products. Consumers are increasingly seeking out clean label foods, driving demand for hummus made with organic and sustainably sourced ingredients.
Another trend is the rise of private label brands in the hummus industry. Retailers are launching their own hummus lines to capitalize on the growing market, offering competitive pricing and unique flavor options.
6. Volume
The global chickpeas market was valued at $8.8 billion in 2020, with a production volume of 15 million metric tons. India, Australia, and Turkey are among the top producers of chickpeas worldwide.
The tahini market is also growing, with a projected value of $1.2 billion by 2025. The Middle East and North America are the key regions driving this growth, with increasing demand for tahini in both traditional and innovative food applications.
7. Conclusion
In conclusion, the hummus market is a vibrant and dynamic industry with opportunities for growth and innovation. By partnering with top suppliers of chickpeas and tahini, hummus manufacturers can ensure high-quality products that meet consumer demand for healthy and flavorful snacks.
As the market continues to evolve, it will be essential for companies to stay ahead of trends and offer innovative products that appeal to a diverse range of tastes and preferences. With the right ingredients and strategic partnerships, the hummus industry is poised for continued success in the years to come.
