Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Tahini Market Overview
Tahini is food ingredient prepared from ground hulled sesame seeds. Tahini is widely utilized in the Mediterranean and South East Asian countries foods. Tahini is a majorly consumed as dip and food ingredient in hummus, baba ghanoush and halva. Nowadays, tahini is being increasingly utilized in food manufacturing companies.
Market Size and Forecast
Global tahini market is expected to flourish at a CAGR of 6.7% over the forecast period. Healthcare benefits of tahini such as reduction of cholesterol, better digestion and prevention of cardiovascular diseases and arteriosclerosis is expected to foster the growth of tahini market globally.
In the regional platform, Middle East and Africa market dominated the overall tahini market, with a market share of 82%, in 2016. In addition, Middle East tahini market was held at a valuation of USD 752 Million in 2016 and is projected to garner USD 1357 Million by the end of 2024. Further, the market is anticipated to continue its dominance during the forecast period on the account of increased domestic consumption of tahini. More importantly, high awareness about the benefits of tahini is expected to swell the demand for tahini during the forecast period. Apart from this, vigorous export of tahini to other regions is likely to provide robust growth to the Middle East and Africa tahini market in the next few years. Middle East and North Africa region excluding GCC countries are likely to showcase augmented growth on the account of high overseas trade of tahini.
Europe tahini market is expected to witness lucrative growth over the forecast period. Furthermore, increasing demand and export of tahini prepared food products is anticipated to bolster the growth of Europe tahini market. Additionally, Mediterranean Europe countries are the major contributor to growth of Europe tahini market. North America and Asia Pacific tahini market is expected to showcase significance rise in the demand for tahini over the forecast period. Rising awareness about the benefit of the tahini is expected to strengthen the growth of tahini market in these regions. Latin America is also anticipated to showcase positive growth in tahini market. High demand and import of tahini in the major countries such as Brazil and Mexico is envisioned to foster the growth of the Latin America tahini market.CLICK TO DOWNLOAD FREE SAMPLE
On the basis of distribution channel, global tahini market is segmented into online stores, hypermarket and retail stores. Retail stores accounted for the 52% market share in 2016.
Market Segmentation
Our in-depth analysis has segmented global tahini market into the following segments:
By Product Type
By Distribution Channel
By Region
Global tahini market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Increasing consumption and demand for healthcare foods is driving the growth of the global tahini market. Additionally, several healthcare benefits of tahini food products such as reduction in cholesterol are anticipated to garner the growth of the global tahini market. Apart from this, rise in consumption of hummus (sauce prepared using tahini) all over the globe is likely to spur the growth of the global tahini market. In addition to this, rising utilization of tahini paste and spreads in various other food products such as sandwiches, hummus and fish fillets is likely to escalate the demand for the tahini during the forecast period.
Furthermore, rising awareness about the benefit of tahini products is expected to trigger the growth of the global tahini market. Apart from this, rising disposable income of the population is anticipated to positively impact the growth of the tahini market.
On the contrary, volatility in the price of tahini food products is expected to hamper the global tahini market. Euro crisis is expected to negatively impact the growth of the global tahini market. Similarly, political unrest in the Middle East is believed to dampen the growth of tahini market.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global tahini market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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