Sesame Oil Market
Global Market Study on Sesame Oil: Rapidly Rising Demand for Salad Oils Benefitting Market Growth
Sesame Oil Market Segmented By Organic and Conventional Sesame Oil from White, Black and Brown Sesame Seeds with Cold Pressed and Refined Sesame Oil
As per Persistence Market Research’s projections, the global sesame oil market is anticipated to expand at a value CAGR of around 5.5% over the 2021-2031 forecast period, to reach a valuation of US$ 10.7 Bn.
Sesame oil is widely used in the food industry for various food preparations such as baked goods and margarine manufacturing, and is also preferred in salad dressings and spreads such as hummus in its raw state, and as such, the food processing industry accounts for around 30% value market share.
Find Out More about the Report Coverage
- Chee Seng Oil Factory Pte Ltd.
- Premier Oil Mills
- Archer Daniels Midland Company
- HAIN CELESTIAL GROUP
- Kadoya Sesame Mills Inc
- IWAI SESAME OIL Co.,Ltd.
- Yamada Sesame Oil Manufacturing Company
- Ernesto Ventós S.A.
- Oh Aik Guan Food Industrial Pte Ltd.
- La Tourangelle, Inc.
- Others (On Additional Request)
Key Insights Offered in Sesame Oil Industry Survey
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 Impact on sesame oil sales and how to navigate
- Recommendation on key winning strategies
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Sales Analysis of Sesame Oil from 2016 to 2020 Vs Market Outlook for 2021 to 2031
From 2016-2020, the market for sesame oil experienced a value growth of 5.2%. Sales of sesame oil were high in the food processing industry, accounting for around 30% market share. Sesame oil is widely used in dressings & sauces. Easy storing capacity and longer shelf life drive its usage in these applications.
There is increasing use of sesame oil in the food service industry owing to its high nutritional value and wide range of application in different dishes. The trend of organic consumption is also expected to propel demand for sesame oil.
Market revenue for sesame oil is anticipated to reach around US$ 10.7 Bn by the end of 2031, with the market expanding at a high CAGR of around 5.5% through 2031.
Sesame oil consumption is steadily rising around the world owing to shifting consumer habits and rising health consciousness. Consumers nowadays favor products with high nutritional value. As a result, sesame seed oil is seeing increased demand due to its nutritious qualities, which include vitamins, minerals, fiber, good fats, and protein.
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How is Growing Consumer Preference for Organic Products Benefiting Sesame oil Manufacturers?
Sales of organic sesame oil are expected to expand at 6.8% CAGR through 2031, owing to increasing number of health-conscious consumers opting for healthy food products with natural and non-GMO ingredients.
Recent studies have indicated that organic products have a positive impact on the health of consumers. Organic sesame oil has been witnessing increasing demand owing to substantially higher levels of antioxidants and very low or no pesticide traces.
Sesame oil is extensively used in Southeast Asian cuisines as a cooking oil, as well as a gourmet oil in salad dressings. It can also be used in cosmetics and other health and wellness products. It's becoming increasingly popular across Europe of late, where it's sold as a high-quality oil.
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How is Growth of Cosmetic & Personal Care Industry Benefitting Sesame Oil Suppliers?
Sesame oil is used in a variety of cosmetic products, including hair serums, hair oils, lotions, and conditioners. It is frequently used in the premium cosmetics industry where demand is skyrocketing.
Growing awareness of the benefits of sesame oil in skin and hair products as well as increased acceptance of sesame oil in various cosmetics items are likely to propel the global market forward over the coming years.
Consumers are gradually adopting new trends such as nutritional and sustainable diets. Consumer understanding of the necessity of living a healthy lifestyle is leading people to choose more sustainable food products. Furthermore, due to increasing negative view of animal-based food items, people are emphasizing on sustainable diets.
Is Increasing Organic Vegetable Oil Demand Driving Sales of Sesame Oil?
New trends such as nutritional and sustainable diets are gradually being adopted by consumers. People are opting for more sustainable food products as they become aware of the importance of a healthy lifestyle. People are also stressing on sustainable diets as a result of growing unfavorable attitude toward animal-based foods.
Organic products are becoming more popular as people become more health-conscious. Organic products provide more health benefits than synthetic alternatives. Growing awareness of organic products is the primary driving force behind the organic oil industry's expansion. Sesame oil is ideal for use in cold preparation foods such as salad dressings or marinades, or use for light sautéing at medium temperature.
What are the Challenges Faced by Sesame Oil Manufacturers?
Various substitutes such as soybean oil, peanut oil, coconut oil, sunflower oil, canola oil, and many others are predominantly available across the world. These products are potential substitutes for sesame oil, as they have been available in the market for a longer time and have gained immense popularity and trust among consumers. This factor is expected to restrain market growth to some extent.
Why Does the U.K. Account for a Prominent Share of Sesame Oil Consumption?
The U.K. holds a prominent value market share of around 27.5% in Europe. The U.K. largely imports sesame oil from major sesame oil producing countries for further processing into various food products.
Sesame oil is in high demand throughout Europe. The greatest market is the United Kingdom, but customers in France are increasingly sourcing straight from underdeveloped countries.
Growing tourism sector and rising number of food service outlets offering Asian cuisines in the U.K are other factors behind increased demand for sesame oil. Also, rising popularity of organic products is further fueling demand for sesame oil products from the retail/household sector.
What is Market Scenario for Sesame Oil in Germany?
Germany accounts for around 16% market share in Europe. Mexico is Germany's most major supplier, with China and Thailand coming in second and third, respectively. Germany will be an appealing market for organic sesame seed oil exporters.
Why is Demand for Sesame Oil Surging across the U.S?
The market in the U.S. is expected to expand at a value CAGR of 5.6%. Sesame oil is classified as a specialty product in North America, owing to its scarcity in the region. Some regions frequently import products and re brand them. As a result, the market in the United States and Canada has a high number of importers and trading companies.
The United States is a significant importer of sesame oil. Due to the rising Asian population in the country, exotic spices and oils are being used more frequently to compensate for decreased salt and fat levels in dishes.
Consumers' shifting attitude toward a healthy lifestyle that includes nutritional elements in their diets is expected to drive demand for sesame oil over the coming years. Furthermore, due to increased demand for plant-based food and beverage items, the country's massive population will aid the sesame oil business in flourishing.
Why is Demand for Cold Pressed Sesame Oil Rapidly Rising?
Cold pressed sesame oil holds around 70% of the value share. As a healthful oil, cold pressed sesame oil has a unique attraction. It has fewer saturated fats and other helpful components, including vitamins and minerals, making it a healthier alternative to traditional cooking oils.
Consumers are becoming more cautious regarding healthy eating habits, and are now focused on consuming nutritionally rich items. This has led manufacturers to increasingly expand the production of sesame-based products.
Why is Organic Sesame Oil Gaining Immense Popularity among Consumers?
Demand for organic sesame oil is expected to expand at a CAGR of 10%. Changes in consumer food preferences are expected to have an influence on food and beverage manufacturers to develop innovative products by incorporating sesame oil products in their portfolios.
Sesame oil is utilized as an indirect food additive in the form of resinous polymeric coatings that are applied to the food-contact surfaces of products that are used for producing, manufacturing, packing, processing, preparing, treating, packaging, transporting, or holding food. Soap has traditionally been made with sesame oil.
What Has Been the Impact of COVID-19 on Sales of Sesame Oil?
COVID-19 has impacted both, the demand and sales of sesame oil, with supply chain disruptions and import and export restrictions. There has been a sudden surge in demand for products with high nutritional value, which created a mild demand-supply gap in the first two quarters of 2020. However, manufacturers soon caught up with the elevated demand. With disrupted distribution, manufacturers also increased their distribution reach to online channels.
Persistence Market Research has profiled prominent sesame oil manufacturers in its report. Manufacturers are expected to witness demand majorly from South Asia and East Asia. They are focusing on increasing production capacity as well as research & development activities involving sesame oil for the development of innovative products.
Companies such as HAIN CELESTIAL GROUP, Premier Oil Mills, OLVEA Vegetable Oils LLC, and others are focusing on offering high quality sesame oil products for various end-use industries.
Sesame Oil Market Report Scope
Historical Data Available for
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Customization & Pricing
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Key Segments Covered in Sesame Oil Industry Research
- Organic Sesame Oil
- Conventional Sesame Oil
- White Sesame Seeds
- Black Sesame Seeds
- Brown Sesame Seeds
- Cold Pressed Sesame Oil
- Refined Sesame Oil
- Sesame Oil for Food Processing Industry
- Sauce & Dressings
- Snacks & Meals
- Sesame Oil for Pharmaceutical/Nutraceuticals
- Sesame Oil for Cosmetic & Personal Care Industry
- Sesame Oil for Food service Industry
- Sesame Oil for Retail/Household Use
- Business to Business Sales of Sesame Oil
- Business to Consumer Sales of Sesame Oil
- Sesame Oil Sold at Hypermarkets/Supermarkets
- Sesame Oil Sold at Specialty Stores
- Sesame Oil Sold at Convenience Stores
- Online Retail of Sesame Oil
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