Consumer Goods & Food
Tahini Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation
Buy Now
Tahini Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation
Buy Now
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
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.
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.
Our in-depth analysis has segmented global tahini market into the following segments:
Global tahini market is further classified on the basis of region as follows:
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.
Submit Your Request For Proposal (RFP)
Submit RFP Buy Now Download Research Report Sample
