Global $1.11 Tahini Market Growth, Trends, and Forecasts 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 24, 2019--
The “Global Tahini Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The Tahini Market was valued at USD 1.11 billion in 2018 and is expected to witness a CAGR of 4.82%, during the forecast period (2019-2024).
In 2018, the Middle East is the largest geographic segment of the market studied and accounted for a share of around 88.3% of the overall market.
Higher demand for nut butter and spreads has induced potential demand for tahini in the world. This, coupled with a significant increase in consumer preferences of tahini, as an ingredient for salads, breakfast foods, and specifically sports drinks, like protein shakes, is driving the global tahini demand.
Scope of the Report
Tahini is one of the popular dishes among the Mediterranean cuisine. The products considered in the report include the commercially available forms of tahini, worldwide. The most popular form is tahini-based sauces, which are generally used as a garnish in salads and topping for meat and vegetables in the Middle Eastern cuisine.
Key Market Trends
Diverse Functionality of Tahini Drives the Global Demand
Tahini, which is known for the properties of good health, contains an abundant amount of nutrients, such as proteins, carbohydrates, antioxidants, lignans, tocopherols, and other micronutrients. Benefits of this include the properties of anti-cancer, anti-oxidative, and anti-hypersensitivity. This staple food item is the most dominant ingredient in hummus and Baba Ghanoush. In Lebanon, Jordan, Syria, and Palestine, it is usually consumed as a dip or used as a garnish on falafel, shawarma, as well as other traditional dishes. Thus, consumer adoption to diverse forms of the tahini, coupled with the optimum nutritional benefits of the ingredient, is expected to boost the demand for tahini, all over the world.
Middle East Dominates the Global Market
Turkey cornered the larger share, with 31.9%, followed by Israel, Iran, Jordan, Saudi, and Lebanon. This clearly implies that around 90% of the global demand was recorded from Middle Eastern countries, in 2018. On considering the raw material supply for the market studied, in 2018, Tanzania was the largest producer of sesame seeds with a production of 1.26 million metric ton. China was the largest importer, while Ethiopia was the largest exporter of sesame seeds.
African countries, especially Egypt, is expected to dominate the market studied, both in terms of supply and demand, by the end of the forecast period, while Asian imports are expected to increase during the forecast period. Tahini products face intense competition, especially from the foreign markets, as it is a symbol of culinary culture. The health benefits associated with tahini, coupled with healthy food trend among consumers, has boosted the popularity of tahini in the global market.
The tahini market is a niche market, with various small and medium-sized companies coining a very minimal share in the world. This has resulted in very stiff competition. The development of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the studied market. The Middle East and Africa are the two regions showing maximum competitor activities.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1.1 North America
5.1.2 South America
5.1.3 Asia - Pacific
5.1.6 Middle East
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 Sunshine International Foods, Inc.
6.3.2 Kevala International LLC
6.3.3 Prince Tahina Manufacture Ltd
6.3.4 R.J.M. Food Industries Ltd
6.3.5 Al Wadi Al Akhdar Sal
6.3.6 Al Yaman Factories
6.3.7 Al Kanater
6.3.8 El Rashidi El Mizan
6.3.10 Haitoglou Bros SA
6.3.12 Narin BYS Holding
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/1innca
View source version on businesswire.com:https://www.businesswire.com/news/home/20190524005226/en/
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Related Topics:Condiments and Dressings
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/24/2019 10:39 AM/DISC: 05/24/2019 10:39 AM