214 Users Online
U.S. & Canada Sesame Seed Extract Market Segmentation by Form (Whole [Hulled, Un-hulled], Oil), The Sesame Seed Extract Market in the region is led by the U.S., which holds a major market share of 82%.
The U.S. and Canada sesame seed extract market is valued at US$ 250.1 million in 2023 and is projected to register 6.1% CAGR and reach a valuation of US$ 452.1 million by the end of 2033.
The market for sesame oil is being driven by the availability of sesame seed extract from top producers as well as the rise in fortified edible oil consumption among consumers who care about their health. Additionally, the sesame oil market is gaining from growing consumer awareness of its health and skin benefits. Demand for ingredients such as sesame oil has also increased as a result of growing consumer preferences for natural and organic goods.
The proliferation of the food, beverage, and foodservice sectors in the U.S. and Canada is also posing a potential market opportunity for sesame oil and other types of edible oil manufacturers in the region.
|
U.S. & Canada Sesame Seed Extract Market Size (2023E) |
US$ 250.1 Million |
|
Projected Sales of Sesame Seed Extract (2033F) |
US$ 452.1 Million |
|
Value CAGR (2023 to 2033) |
6.1% |
|
United States Market Share (2022) |
82.2% |
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
“Growing Demand for Organic Food Ingredients”
More consumers are now preferring organic ingredients owing to the numerous health benefits that they offer, and manufacturers have started to consider this factor seriously. Organic ingredients are in higher demand than conventional components as a result. Sesame seeds and seed oil are obtained via the processing of natural & organic raw materials that are generally priced higher to ensure profitability. This leads to considerable business benefits but also ensures long-term relationships with customers.
The market for organic sesame seeds is expected to grow substantially over the forecast period owing to the high quantities of calcium and protein in tahini, a paste made from raw sesame seeds, and its wide application in various preparations. Owing to the enhanced quality of living and increasing disposable income, there is rising demand for these products and this trend is subsequently shaping the demand outlook for organic ingredients in major end-use industries.
“More Consumers Moving toward Clean Label Products”
Consumers' volatile nature has always influenced market dynamics. Owing to rising health consciousness, more people now prefer pure and naturally derived edible oils in their meals. Edible oil is a necessary ingredient in any kitchen. Consumers prefer oils that have been extracted or stored without the use of any preservatives, chemicals, or additives.
Consumption of convenience foods and packaged foods has significantly increased as a result of on-the-go lifestyles. Industries use a wide range of edible oils to produce different aromas and add a distinct taste to food products while ensuring a longer shelf life. All these factors are anticipated to boost sesame oil sales as well as that of sesame seed extract over the coming years.
“Growing Health Consciousness Driving Market Growth”
Sesame oil finds wide applications as it is known to increase the health benefits of baby food products and daily meals while providing a favorable texture and flavor. Producers are now seeking to refine and distribute nutritionally enriched edible oil. Food manufacturers have been experimenting with different ingredient combinations to achieve a texture, flavor, and nutritional profile that meets consumers' expectations.
Nutrient-rich diets are becoming increasingly popular among consumers worldwide, mainly among millennials in the U.S. and Canada. Consumers are seeking information on the nutritional characteristics of seed oils. Moreover, COVID-19 gave a boost to innovations and consumers’ adoption of nutrition-rich oils. The pandemic led to increased sales of health-promoting components, which, in turn, benefitted the market for sesame seed extract.
“Rising Product Demand from Livestock Industry”
Sesame oil meal is a protein-rich byproduct of oil extraction and can be used as feed for livestock and chicken, depending on how the oil was extracted. It happens to be an excellent source of protein for poultry and livestock, and unlike other oil meals, meals derived from sesame oil are often obtained solely through mechanical extraction and its residual oil concentration is high.
Moreover, sesame oil cakes have a protein composition similar to soybean meal and are effectively utilized as a fishmeal protein alternative in aquaculture systems without negatively influencing the growth of carnivorous fish.
“Health Concerns about Allergies Slowing Down Product Sales”
The adverse effects of tree nut allergies have generated worries about the vulnerability of the global population to sesame seeds, which are used as raw material for producing sesame oil. Sesame is known as the 'ninth food allergen' and it’s also common throughout the world. Sesame allergies are considered to be just as frequent as soy and seafood allergies.
Furthermore, severe allergic reactions have also been reported in certain areas, particularly among children. Sesame allergy is becoming more common in the United States as a result of the increased consumption of traditional cuisines containing sesame ingredients, such as tahini sauce, and hummus, among others.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized VersionWhat is the Outlook for the U.S. and Canada Sesame Seed Extract Market?
The sesame seed extract market in the region is led by the U.S., which holds a major market share of 82% and accounts for a value of US$ 205.6 million in 2023. However, the market in Canada is expected to expand faster during the forecast duration at a value-based CAGR of 6.5%.
A growing number of consumers are shifting their preferences toward healthy snack options across the U.S. and Canada as a result of fast-paced, stressful lifestyles and changing eating habits.
People with hectic work schedules have limited or no time to prepare meals. As a result, an increasing number of consumers are choosing ready-to-eat meals, snacks, and packaged food products. Most snacks are not ideal food options since they lack dietary fiber and essential nutrients. Breakfast bars, which are popular sesame seed snacks that can be consumed on the go, are anticipated to significantly contribute to the growth of the sesame seed extract market during the forecasted period.
Why are Conventionally Farmed Sesame Seeds Still Highly Popular?
Conventionally farmed sesame seed extract is valued at US$ 203.4 million in 2023 and accounts for 81.3% of the market value share. The difficulty with organic farming lies with it being cost- and resource-intensive, though it yields better returns in the long run. This is a major drawback that has benefited the conventional segment over its counterpart.
The conventional segment is set to reach a value of US$ 360 million by the end of the forecast duration.
How is the Foodservice Sector Driving Demand for Sesame Seed Extract?
The foodservice industry is currently worth billions of dollars. It is regarded as an essential part of a nation's economy. Owing to consumers' increasing preference for meals away from home, the foodservice sector has been booming across the world. Moreover, growing nuclear families, more convenient and affordable food outlets, and increased promotional activities and advertising by major food chains are all contributing to the ongoing trend of dining outdoors.
The foodservice sector accounts for a substantial portion of the sesame seed extract market's end-use segments. Rapid expansion of QSRs, FSRs, and hotels in the region is the primary reason for the growing demand for sesame seed extract in the foodservice segment. Furthermore, growing tourism is also driving the foodservice sector, which is anticipated to accelerate the demand for sesame seed extract in the United States and Canada.
Sales Team
Client Partner
The U.S. and Canada sesame seed extract market is defined primarily by regional players. Companies with a regional presence account for 45% to 50% share of the market. Sesame seed extract manufacturers are focusing product offerings primarily for the food & beverage industry and the foodservice sector. Key participants as major consumers of sesame seed extract include a variety of industries such as bakery products, sauces, soups, dressing, and snacks & meals, among others.
Companies such as Dipasa Group, McCormick & Company, Inc., AGT Food & Ingredients, Grain Millers, Inc., and The Hain Celestial Group are some of the major players operating in the U.S. and Canada sesame seed extract market. Multinational players account for a market share of 10% to 15%, and local players enjoy a share of 25% to 35%. Primarily, companies engaged in the business of sesame seed extract are operating on a small scale and are more export-oriented.
|
Attribute |
Details |
|
Forecast period |
2023 to 2033 |
|
Historical data available for |
2018 to 2022 |
|
Market analysis |
|
|
Key regions covered |
North America |
|
Key countries covered |
|
|
Key market segments covered |
|
|
Key companies profiled |
|
|
Report coverage |
|
|
Customization & pricing |
Available upon request |
By Nature:
By Form:
By Seed Type:
By End Use:
By Distribution Channel:
By Country:
The U.S. and Canada sesame seed extract market accounts for a value of US$ 250.1 million in 2023.
The U.S. and Canadian market for sesame seed extract expanded at a value CAGR of 4.6% from 2018 to 2022.
Consumption of sesame seed extract in the U.S. and Canada is expected to reach a value of US$ 452.1 million by 2033.
The U.S. and Canadian market for sesame seed extract is forecasted to expand at a CAGR of 6.1% from 2023 to 2033.
Dipasa Group, McCormick & Company, Inc., AGT Food and Ingredients, Grain Millers, Inc., and The Hain Celestial Group account for 40% to 45% market share.
