One trend in the market is increasing consumption of tahini paste and sauce in foodservice sector.
The analysts forecast global tahini market to grow at a CAGR of 4.92% during the period 2017-2021.
Many Middle Eastern dishes are now a part of the international cuisine. Also, the growing consumer demand for Turkish, Israeli, and Persian cuisines is further fueling the demand for tahini.
Tahini is consumed as a dip and sauce with many dishes such as falafel, salad, baba ghanoush, soup, and others. Its popularity is increasing gradually as many chefs substitute tahini for many other dressings and dips like ranch and balsamic dressing.
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Major key players in the global tahini market: Al Wadi Al Akhdar, El Rashidi El Mizan, HAITOGLOU BROS, Halwani, and Prince Tahina, Al-Seedawi Sweets, Carwari International, Dipasa, FIRAT, Kevala, MounirBissat, SESAJAL, and Sunshine International Foods.
According to the report, one driver in the market is growing demand for ethnic dishes. The demand for ethnic food and flavors used in cooking traditional cuisines drives the growth of the global tahini market.
For instance, in the Mediterranean region and North America, sesame is a major ingredient in most dressings and dips. Influx of immigrants has resulted in a rise in the population of various ethnic groups, particularly Hispanics.
This has led to increased demand for ethnic flavors in food products. Increase in at-home cooking of traditional cuisines is also driving the demand for ethnic food products.
This has created growth opportunities for vendors such as Al Wadi Al Akhdar, Halwani, and El Rashidi El Mizan that are popular tahini manufacturers.
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Further, the report states that one challenge in the market is fluctuations in raw material prices. Tahini manufacturers are faced with constant risks because of the fluctuations in raw material prices.
Changes in raw material shipping prices affect the retail price of fresh ingredients. Any increase in the prices of raw materials, such as tomatoes, not only raises the manufacturing costs but also decreases the profit margins for manufacturers.
This, along with the need to remain competitive in the market, compels manufacturers to use low-cost substitutes. In addition, If raw material suppliers price products competitively (which may lead to low product pricing), it may reduce the negative impact of raw material price fluctuation.
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Few Points from List of Exhibits:
Exhibit 1: Global Tahini Market
Exhibit 2: Global Tahini Market 2016-2021 ($ Millions)
Exhibit 3: Five Forces Analysis
Exhibit 4: Global Tahini Market by Application 2016 (%)
Exhibit 5: Global Tahini Market by Application 2021 (%)
Exhibit 6: Global Tahini Market by Application 2016-2021 (%)
Exhibit 7: Application Comparison
Exhibit 8: Sauces and Dips Market Size and Forecast 2016-2021 ($ Mn)
Exhibit 9: Sauces and Dips Year Over Year Growth 2017-2021 (%)
Exhibit 10: Pastes and Spreads Market Size and Forecast 2016-2021 ($ Mn)
Exhibit 11: Pastes and Spreads Year Over Year Growth 2017-2021 (%)
Exhibit 12: Desserts and Other Sweets Market Size and Forecast 2016-2021 ($ Mn)
Exhibit 13: Desserts and Other Sweets Year Over Year Growth 2017-2021 (%)
Exhibit 14: Market Opportunity by Application
Exhibit 15: Global Tahini Market by Geography 2016-2021 (% Share)
Exhibit 16: Regional Comparison
Exhibit 17: Emea Market Size & Forecast ($ Millions)
Exhibit 18: Emea Year Over Year Growth
Exhibit 19: Americas Market Size & Forecast ($ Millions)
Exhibit 20: Americas Year Over Year Growth