Tahini Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025
The global tahini market size was valued at USD 1.24 billion in 2018 and is projected to expand further at a CAGR of 5.2% from 2019 to 2025.
(firmenpresse) - The global tahini market size is expected to reach USD 1.77 billion by 2025 registering a CAGR of 5.2%, according to a new report by Grand View Research, Inc. Growing popularity of tahini products with ethnic Arabic flavors in developed countries, such as U.S., Germany, U.K., France, and Italy, is expected to spur the market growth. Moreover, increasing awareness about consuming healthy, nutritious, and organic food has propelled the product demand. Sauces & dips is expected to be the fastest-growing product segment at a CAGR of 5.6% from 2019 to 2025.
Changing dietary preferences owing to hectic lifestyle has fueled the demand for dips and sauces. Tahini dips and sauces add flavor as well as nutrition to the food products. Manufacturers are launching innovative products to cater to the increasing demand from the global food industry. For instance, in March 2018, Soom Foods, LLC launched two innovative spreading squeeze packets. The product is available in two flavors, original and chocolate sweet tahini halva spread.
Middle East & Africa generated the largest revenue share in 2018.Over the past few years, major companies in the region are adopting several marketing strategies, such as product launches, product portfolio and distribution channel expansion, and merger and acquisition, to cater to the rising demand for vegan, gluten-free, non-GMO, Kosher products. For instance, in April 2017, El-Raey Sweetness Halva Company launched a new product line in Badr City, Egypt with a production capacity of 900 tons per day.
Further key findings from the study suggest:
& dips product segment is expected to witness the fastest growth at a CAGR of 5.6% from 2019 to 2025
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
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Grand View Research, Inc
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Datum: 24.12.2019 - 06:35 Uhr
Sprache: Deutsch
News-ID 1554950
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Typ of Press Release: Financial
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Date of sending: 24.12.2019
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