Middle East & Mediterranean Tahini Market Revenue is expected to reach US$ 1,081.7 Mn by 2020
Verfasser: pradnya_86 on Wednesday, 1 February 2017Consumer awareness about tahini’s low-caloric properties has made it a preferred ingredient in sweet/savoury spreads and according to a new research report by Future Market Insights (FMI), the tahini market in Middle East and Mediterranean region will be worth US$ 1,081.7 Mn by 2020.
The report titled, “Tahini Market: Middle East and Mediterranean Industry Analysis and Opportunity Assessment 2014 - 2020”, forecasts that the tahini market in Middle East and Mediterranean will expand at a compound annual growth rate (CAGR) of 5.7% during the forecast period 2014-2020.
Surge in demand for convenience packaged-, ready-to-eat-, and processed food products has provided an impetus to the tahini market. Tahini’s low-calorie and preservative-free status is one of the key reasons for its demand in the food processing industry.
According to Future Market Insights, innovation in food processing technology is catalysing the production capacity and this will help manufacturers to cater to the burgeoning demand in the future.