Sesame Seed Oil Market Size, Share, Growth, and Industry Analysis, By Type (White Sesame Oil, Black Sesame Oil), By Application (Food Industry, Pharmaceuticals, Cosmetic and Personal Care, Other) and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

SESAME SEED OIL MARKET REPORT OVERVIEW

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The global sesame seed oil market size was USD 3646.6 million in 2019 and the market is projected to touch USD 4108.8 million by 2026, at CAGR of 1.7% during the forecast period.

Sesame oil is an edible vegetable oil obtained from the seeds of Sesamum indicium. This oil is made by pressing roasted or unroasted sesame seeds. Pressing the roasted seeds yields an oil with a nutty aroma and flavor suitable for seasoning, while pressing the raw seeds produces a cold-pressed oil that is perfect for cooking. It is usually used to decorate salads with a special taste and texture, making them more delicious and giving them an aesthetic appearance.

The increasing demand for meals is due to the health benefits of the food. It helps control high cholesterol, diabetes, heart disease and many other health problems. In agriculture, depending on the method of oil extraction, which makes it a valuable source of protein for animals It also helps control pests, improve seed preservation and high seed yield. Such benefits are expected to increase market demand and promote development.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The consequences of the COVID-19 pandemic are already being felt around the world, with a notable impact on the global sesame market. In 2020, many markets were negatively affected by COVID-19. Several countries went into lockdown. Due to the sudden pandemic, all types of businesses found disruption. Supply chain disruptions delayed availability to consumers. Sesame flour is a by-product of sesame oil, and in conjunction with the suspension of operations, de-oiling was also stopped, resulting in no by-product. This affected the food demand in the agricultural sector because the main demand for the product comes from agriculture in the field.

LATEST TRENDS

"Growing Health Awareness And Preference For Natural Products Augment Market Growth"

Several trends are emerging in the global sesame oil market. Firstly, the demand for organic sesame oil is increasing due to growing health awareness and preference for natural products. In addition, consumers are increasingly aware of the nutritional value of sesame oil, which leads to its growing popularity in various cuisines and foods. Another trend is the increasing use of sesame oil in the cosmetics and hygiene industry due to its moisturizing and antioxidant properties. In addition, the market is also experiencing significant growth in terms of e-commerce platforms that allow consumers to easily obtain and purchase sesame oil.

SESAME SEED OIL MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into White Sesame Oil, Black Sesame Oil.

White sesame oil and black sesame oil. White sesame oil is extracted from hulled or white sesame seeds, which gives it a mild, nutty flavor. It is often used in cooking, as salad dressings and as an aroma enhancer for various dishes.

Black sesame oil, on the other hand, is obtained from black sesame seeds and offers a rich and distinctive flavor. It is often used in traditional Asian cuisine, for medicinal purposes, and as a natural food coloring.

• By Application

Based on application the global market can be categorized into Food Industry, Pharmaceuticals, Cosmetic and Personal Care, Other.

Sesame oil is widely used in various industries, mainly in the food industry, where it is widely used as an edible oil and flavor enhancer.

In the pharmaceutical industry, sesame oil is used for its beneficial properties in traditional medicine and as a carrier oil in drug delivery systems.

The cosmetics and hygiene industry uses sesame oil in products such as lotions, soaps and hair care products for its moisturizing and nourishing properties.

In addition, sesame oil has applications in other markets, including biofuel production and industrial lubricants.

DRIVING FACTORS

"Increase In Ethnic Cuisines Have Grown In Popularity Leading Market Expansion"

The demand for sesame oil has increased worldwide due to the growing trend of globalization of food culture and the rise in global popularity of ethnic cuisines. The use of sesame oil in non-traditional recipes and fusion foods has gained significant momentum and momentum in recent years, which is a major driver of global market growth. This is because the number of people experimenting with different foods and flavors has grown.

"Increasing consumer health awareness and Increasing use in natural cosmetics augment market growth"

Growing focus on health and wellness is driving the organic sesame seeds market. Consumers are increasingly aware of the benefits of chemical-free, organic and natural foods. Studies have shown that organic sesame seeds have a higher nutritional value compared to conventionally grown seeds. The antioxidants, vitamins and minerals in these seeds promote health and help prevent disease. More and more people are now switching to organic sesame seeds as part of a healthy diet and lifestyle. This growing shift towards organic, chemical-free food is fueling sesame seed oil market growth. Sesame seeds are gaining popularity as an ingredient in natural cosmetics and personal care products. They contain antioxidants such as sesamol and sesamin, as well as vitamins E, D and B, which are beneficial for skin and hair health. More and more cosmetic manufacturers are using organic sesame oil, protein and extracts to develop chemical-free skin and hair care products. Growing consumer demand for clean personal care products is catalyzing the adoption of organic sesame seeds in cosmetics.

RESTRAINING FACTORS

"High Price And Intense Competition Impede Market Growth"

The high price level of organic sesame seeds compared to traditional varieties is a major limitation, especially in emerging markets. The costs of organic certification and sustainable farming methods drive up prices. Organic sesame is considered affordable by large price-sensitive consumer segments. Companies should focus on achieving scale, optimizing the supply chain and implementing technology that will help reduce costs and make organic sesame more affordable. Mahe competes in the sesame market with conventionally grown sesames, which are cheaper and more widely available. Little awareness of the benefits of organic sesame in an untapped market gives conventional sesame an edge. Effective marketing and health education are crucial to changing consumer perceptions. Creating unique value propositions in terms of nutrition, taste and quality can also help organic sesame compete with conventional varieties.

SESAME SEED OIL MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market due to Growing Population of Vegans"

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America and Middle East and Africa.

North America is expected to be the largest market for sesame seeds during the forecast period, accounting for the largest sesame seed oil market share in 2023. The reason for the growth of the North America market is the growing population of vegans and the high demand of vegans. a plant-based foods in the region. North America is shaping up to be a lucrative market during the forecast period of 2021-2028 as several established market players are focusing on expanding their market in this particular region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

This sesame seed oil market report includes information on new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities for new revenue pockets and market changes. regulations, strategic market growth analysis, market size, category market growth, application niches and governance, product approvals, product launches, geographic expansions, technological innovations in the market. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Wilmar International (Singapore)
• Anhui Yanzhuang (China)
• Kadoya (Japan)
• Shandong Ruifu (China)
• Lee Kum Kee (Hong Kong)
• China Agri-Industries (China)
• Shandong Luhua Group (Japan)
• Shanghai Totole Food (China)
• Henan Dingzhi (China)
• Kuki Sangyo (Japan)
• Flavor Full (Taiwan)
• Chee Seng Oil Factory (Singapore)
• Dipasa (U.S.)
• Yamada Sesame Oil (Japan)
• Iwai Sesame Oil (Japan)

INDUSTRIAL DEVELOPMENT

October 2021: Dipasa Group has partnered with plant-based nutrition company Equinon to launch a range of protein-rich sesame seeds. This partnership brought two giant companies together to develop the first of its kind high protein sesame seed, which is an alternative to the traditional variety with functional ingredients.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.