Sesame Oil Market Introduction:
The sesame oil is a seed oil, derived from the sesame seed. It is a color variant oil, which varies from yellow to bright golden color. The sesame oil is extracted from sesame seed by two methods which are cold extraction method and ordinary oil refining method. The sesame oil has wide applications in the food and beverage industry. It is majorly used for cooking and salad dressings. The sesame oil is also used in the cosmetics and personal care product, and in the dietary supplements. The nutritional quotient of the sesame oil coupled with the increasing healthy eating habits of the consumers is increasing demand for the sesame oil across the globe. The use of sesame oil in the cosmetics and personal care products is not that significant yet, but the research and development on the use of cosmetic applications of sesame oil are anticipated to increase the demand for sesame oil for the cosmetics and personal care products in near future. The sesame oil is considered as the premium ingredient for cosmetics and personal care products, and it has applications in skin care and hair care products. The sesame oil is used as an important ingredient in skincare lotions, hair serum, and hair oil.
Sesame Oil Market: Market Dynamics
Sesame oil is more popular in regions like South Asia and East Asia as the cooking oil and also used for other food preparations. The variety of applications and uses of sesame oil makes it a versatile ingredient that can be used in food, dietary supplements, and cosmetics and personal care products. The consumption or use of sesame oil is beneficial for hair as well as skin, thus the popularity of the sesame oil is on the rise. The health beneficial oils are always have been an attractive ingredient for health-conscious consumers, thus the increasingly health-conscious consumers across the globe are boosting the demand for sesame oil across the globe.
Sesame Oil Market: Market Segmentation
On the basis of Product Type, the global sesame oil has been segmented as,
On the basis of End Use, the global sesame oil has been segmented as,
On the basis of Distribution Channel, the global sesame oil has been segmented as,
Sesame oil Market Regional Outlook:
The sesame oil is majorly produced in countries like China, Japan, India, Tanzania, Tukey, and Myanmar. The sesame oil is used as the cooking oil in these countries hence the demand from these counties is always higher than any other country. The emerging economies like Indian and China are producing more demand for sesame oil, as it is majorly used in the food preparations and in cosmetics and personal care products. The U.S., Vietnam, U.K., Australia, Belgium. Japan and Germany are the major importers of sesame oil across the globe. The health-conscious consumers are always seeking healthy ingredients, thus the health-conscious consumers from North America are getting attracted to the nutritional properties of sesame oil, and it is anticipated that the share of North America in the global sesame oil market will increase significantly in the foreseeable future.
Sesame Oil Market Key Players:
The market participants operating in the global sesame oil market are identified across the value chain include La Tourangelle, Inc., Pansari Group, Kadoya Sesame Mills Inc., V.V.V & Sons Edible Oils Limited, Archer Daniels Midland Company, among the other sesame oil manufacturers.
Opportunities for the Key Players in the Global Sesame Oil Market
Sesame oil has increasing applications in cosmetics and personal care products. It is mostly used in the nourishing and conditioning of hair, and also used to tone the skin. The sesame oil is used in the European food preparations as the base of various seasoning food dishes. The sesame oil is majorly used as the cooking oil in the food and beverage segment, still, it has increasing applications in the nutraceutical industry and cosmetics and personal care industry, which is creating many lucrative opportunities for the new entrant as well as an established manufacturer of sesame oil in the global market.
COVID-19 Impact on Global Sesame Oil Market
The world is facing the global pandemic of COVID-19 for the past few months. The major economies along with the major sectors are incurring losses due to reduced or fully stopped production of their product. The food and beverage sector is also witnessing the significant impact of this widespread of coronavirus outbreak. The production of seed oils is hampered significantly due to the distortion of the supply chain across the globe. The manufacturers are facing challenges from the steady supply of raw materials to the distribution and sale of their products. The reduced production and losses accrued during this pandemic are also affecting the global sesame oil market.