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Global Tahini Consumption Pegged at over 314 Thousand Tonnes in 2016

10-06-2017 06:41 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Persistence Market Resarch

/ PR Agency: Persistence Market Resarch
Driven by growing popularity across the globe and steady adoption by the F&B industry, global tahini market volumes are estimated to surpass 314 thousand tonnes in 2016, up from nearly 305 thousand tonnes in 2015.

Growing popularity of authentic Middle Eastern food flavors is expected to escalate the demand for tahini-based products, such as hummus and tahini spread. The surging significance of social media marketing will play a pivotal role in the promotion of tahini and derived products. Emerging tahini applications in hummus, butter and spreads, halva, salads, bakery products, toppings, and traditional Middle Eastern recipes such as Baba Ghanoush will also influence the market favorably.

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Paste and spreads segment will account for over 55% share in terms of revenues by 2025. Desserts and sweets segment, aggravated by growing popularity of halva, will maintain a market share of over 25% during the assessed period. Sustained consumption of tahini dips and sauces will fuel the sauces and dips sub-segment, capturing over 18% market value share

With a slight setback from 76% share in 2015 to around 73% share estimated by 2025 end, industrial production process will witness moderate growth with a CAGR to the tune of 5.3%. According to Persistence Market Research’s regional analysis, Western Asia will continue to be the largest market, whereas GCC will emerge lucrative by 2025 end

West Asia, identified as the most lucrative market for tahini, will predictably cross US$ 608 Mn by 2025 end, accounting for maximum revenues in the global market. GCC countries will exhibit the fastest growth at 5.9% CAGR, primarily driven by Kuwait, UAE, and Saudi Arabia. GCC tahini market revenues will reach around US$ 202 Mn by 2025 end. North Africa, followed by the U.K., are projected to grow moderately at respective CAGRs of 5.7% and 5.4%

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Dipasa International S.A., Sunshine International Foods, Inc., Kevala International LLC, Joyva Corp, Premier Organics, Haitoglou Bros S.A., Halwani Bros. Co., Prince Tahina Ltd., El Rashidi El Mizan, Al-Wadi Al-Akhdar S.A.L, Carleys of Cornwell Ltd., Balsam Tahini, Ismail Termurcugil, and Alseedawi Sweets Factories Co. constitute some of the key players in the global market for tahini.

While major export opportunities lie in Asia and North America, a majority of leading players are based in the Middle East and North America. Halwani Bros. Co. and Haitoglou Bros. are top Middle East companies, whereas Joyva Corp, Dipasa, and Kevala Int. are the key North American players. Alwadi Al Akhdar’s new factory in Lebanon is due in 2017 and Sabra Dipping Co. will soon double its tahini hummus production capacity.

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About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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New York City, NY 10007
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T: +1-646-568-7751
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Website: https://www.persistencemarketresearch.com

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