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Dips and Spreads Market Analysis
The dips and spreads market from hummus segment dominated around USD 23.8 billion revenue in 2022. Hummus is perceived as a healthier alternative to traditional spreads due to its high nutritional value, plant-based protein content, and low saturated fat. The popularity of Mediterranean cuisine has contributed to the increased demand for hummus, as it is a staple in Mediterranean diets.
The Jars segment accounted for 40% of the dips and spreads market share in 2022. Glass jars and high-quality packaging materials provide a premium look, appealing to consumers seeking artisanal and gourmet products.
Online retail segment is anticipated to expand at over 4.7% CAGR through 2032. Online retail and e-commerce platforms offer the convenience of home delivery, attracting consumers who prefer to shop from the comfort of their homes.
U.S. dips and spreads market size held more than USD 20.4 billion in 2022. Consumers in North America are increasingly focused on health and wellness. As a result, there is a rising demand for dips and spreads made from natural and nutritious ingredients, with reduced levels of salt, sugar, and unhealthy fats.
Who are the key dips and spreads companies?
Sabra Dipping Company, LLC (USA), The Kraft Heinz Company (USA), Conagra Brands, Inc. (USA), Nestl
What factors are driving the U.S. dips and spreads market growth?
Demand for dips and spreads in the U.S. recorded USD 20.4 billion in 2022 and will expand at a significant pace from 2023-2032, due to the higher consumer focus on health and wellness.
How is hummus influencing the dips and spreads industry expansion?
The hummus product segment reached USD 23.8 billion in 2022, owing to the surging need for healthier alternative to traditional spreads.
How big is the dips and spreads market?
The market size of dips and spreads crossed USD 90.2 billion in 2022 and is set to reach USD 152.7 billion by 2032, driven by the shift towards healthier eating habits and growing number of health-conscious consumers worldwide.