Sesame Oil Market to Grow with a CAGR of 5.4% Globally through to 2028
Increasing awareness of the health benefits of sesame
oil, growing demand for sesame oil in the food industry are factors driving the
global sesame oil market in the forecast period 2024-2028.
According to TechSci Research report, “Global Sesame
Oil Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Sesame Oil Market stood at USD 4.61
billion in 2022 and is anticipated to grow with a CAGR of 5.4% in the forecast
period, 2024-2028. The sesame oil market is expected to grow steadily in the
coming years, driven by increasing awareness of the health benefits of sesame
oil and growing demand from the food and cosmetics industries.
Sesame oil, derived from sesame seeds, is a versatile
cooking oil and a fundamental ingredient in various cuisines worldwide. It is
prized for its nutty flavor, high smoke point, and nutritional benefits. The
global sesame oil market has been experiencing significant growth due to
various drivers that influence its demand and production.
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The sesame oil market is experiencing substantial
growth, driven by a combination of factors. Health and wellness trends, growing
demand in Asian markets, expanding applications in the food industry, the rise
of vegan and vegetarian diets.
The sesame oil market is witnessing a
shift in consumer purchasing behaviour, with a growing preference for online
retail and e-commerce platforms. This trend has been accelerated by factors
such as convenience, product variety, and the ability to access a global
marketplace. Culinary innovation and fusion cuisine are driving the demand for
sesame oil as chefs and food enthusiasts’ experiment with new flavors and
combinations. Sesame oil's nutty and aromatic profile makes it an ideal
candidate for infusing diverse cuisines with exciting tastes. The trend of
global fusion cuisine has also led to the creation of innovative sauces and
dressings featuring sesame oil. These products appeal to adventurous consumers
seeking unique and memorable dining experiences.
Increasing awareness of environmental
sustainability and organic farming practices is influencing the sesame oil
market. Consumers are becoming more conscious of the environmental impact of
their food choices and are seeking products that align with their values.
Organic sesame oil, produced from sesame
seeds cultivated without synthetic pesticides or fertilizers, has gained
popularity. Organic farming practices prioritize soil health and biodiversity,
making them more environmentally friendly. Organic sesame oil is also perceived
as healthier and safer due to the absence of chemical residues.
The rising awareness among consumers
about the range of benefits associated with the consumption of pure sesame oil,
growing focus of companies towards finding product applications in apart from
food industry like in cosmetics and personal care products and also in
nutraceutical applications, are among the key factors fostering the market
growth at exponential pace. In addition, surging proliferation for supportive
government initiatives helping sesame seed farmers in terms of subsidies and
tax rebate and emergence of consumer inclination towards organic and natural
products as a major key trend, are likely to positively influence the market.
The Global Sesame Oil Market is segmented into type, industry,
distribution channel, regional distribution, and company.
Based on application, the food industry has the
highest share in the sesame oil market, accounting for over 70% of the global
market in 2022. Sesame oil is a versatile cooking oil that can be used in a
variety of dishes, from stir-fries to salad dressings to baked goods. It is
also used in the production of processed foods, such as margarine and
mayonnaise.
Based on region, Asia Pacific has the highest share of
the sesame oil market, accounting for over 50% of the global market in 2022.
This is due to the high consumption of sesame oil in the region's cuisine,
particularly in China, Japan, India, and Korea.
Major companies operating in Global Sesame Oil Market
are:
- Olam International
- Dipasa Group
- Unicorn Ingredients Limited
- Virdhara International
- Tradin Organic Agriculture B.V.
- Kadoya Sesame Mills Inc.
- La Tourangelle, Inc.
- Manishankar Oils Private Limited
- Tampico
- The Hain Celestial Group
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“The sesame oil market has experienced robust growth
in recent years, driven by factors such as increasing consumer awareness of its
health benefits, rising demand for Asian cuisines globally, and its expanding
applications in various food products and industries. Additionally, the market
has adapted to evolving consumer preferences, including a focus on health and
wellness, culinary innovation, and sustainability. These trends, coupled with
the versatility and unique flavor of sesame oil, continue to fuel its growth,
making it a prominent player in the global edible oil industry.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Sesame
Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (White Sesame Oil, Black Sesame Oil, Others), By Industry
(Pharmaceutical, Cosmetics And Personal Care, Food, Others), By Distribution
Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Specialty
Stores, Others), By Region, By Competition, 2018-2028”, has
evaluated the future growth potential of Global Sesame Oil Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Sesame Oil Market.
Contact
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