Press release
Tahini Market Phenomenal Growth 2020 | Size, Value Share, Latest Trend, Global Analysis and Key Players by Forecast to 2024
Tahini Market
Tahini Market is expected to account for the revenue of USD 1.62 Billion in 2024 and is expected to register a CAGR of 4.1%. Tahina or tahini is a paste or condiment made from toasted ground hulled sesame. Tahini is popular and used in various Eastern Mediterranean, the Middle East, and the South Caucasus cuisines including, halva, hummus, and baba ghanoush. Higher demand for nut and seed butter among the consumers is expected to boost the demand for tahini in the market. In addition to that there is a significant increase in consumer preferences of tahini, as an ingredient for breakfast foods, salads, and specifically dietary supplements, like protein shakes, is boosting the growth of global tahini market.
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Segmentation
The global tahini market has been segmented based on category, packaging type, distribution channel, and region.
By product type, the global tahini market has been classified as paste & spreads, desserts, sauces & dips, and others.
On the basis of packaging type, the global tahini market is been segregated as bottles & jars, tubs, and others.
The global tahini market has been categorized, on the basis of distribution channel, as store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to account for the larger revenue share of the market. However, the non-store-based segment is expected to exhibit a higher growth rate during the forecast period of 2019 to 2024.
Key Players
Sunshine International Foods, Inc. (US), Kevala International LLC (US), Prince Tahina Manufacture Ltd. (Israel), R.J.M. Food Industries Ltd (Isreal), Al Wadi Al Akhdar Sal (Lebanon), Haitoglou Bros S.A. (Greece), Carwari International Pty Ltd (Australia), A.O. GHANDOUR & SONS (Lebanon), SESAJAL S.A. de C.V. (Mexico), Halwani Bros. Co., Ltd. (Saudi Arabia), Dipasa USA Inc. (US), Joyva Corporation (US) are some of the key players in the global tahini market.
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Regional Market
North America held the major market share in global tahini market, followed by Europe, in 2018. The demand for tahini is increasing among consumers as they prefer nut or seed-based products over dairy products. The US and Canada are the major country-level markets contributing to the growth of the North American tahini market. Furthermore, Europe tahini market is expected to be fastest growing due to the increasing popularity of international cuisines especially the Middle Eastern cuisine among the people. People are getting more aware of condiments such as tahini and hummus due to their taste, protein content, and high nutritional value, which, in turn, is increasing demand for tahini in the region.
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