Global Sesame Oil Market - 2022-2029

Global Sesame Oil Market - 2022-2029

Market Overview

Sesame oil market valued USD xx million in 2021 and is forecast to reach USD XX million by 2029, growing at a CAGR of 6.5% during the forecast period (2022-2029)

Sesame oil is made from sesame seeds, ranging from pale yellow to amber in colour. It is popular for its nutty flavour and taste. This oil is majorly used in cooking, salad dressings and cosmetics. Sesame oil is a rich source of vitamin E, phytosterols, lignans, sesamol, and sesaminol. Sesamol and sesamol are two antioxidants that help to reduce cell damage caused by free radicles. It is a rich source of omega-6 fatty acids, which reduce the risk of heart disease. These health benefits of sesame oil helps drive the sesame oil market's growth.

Market Dynamics:

Increasing health consciousness among consumers is expected to drive the sesame oil market

Sesame oil contains a high amount of Vitamin E and Vitamin K, which are good for health. Sesame oil helps to manage the plasma glucose levels in hypertensive diabetic adults. It is also helpful for lowering high blood pressure levels. Sesame oil is good for heart health due to its fatty acid content. It helps lower bad cholesterol due to its wide range of polyunsaturated fatty acids, including sesamol and sesamin. Copper and calcium are two minerals available in sesame that are essential for bone growth. Sesame oil helps to reduce the age-related weakening of bones. Tyrosine in the sesame oil is directly connected to the serotonin activity in the brain. This increased activity may help boost mood by flooding the body with enzymes and hormones that make a person feel happy.

Sesame oil is good for the person who suffers from anxiety and depression. Sesame oil is also good for oral health. Sesame oil helps to make teeth whiter and lower levels of dental plaque. Sesamol lignin in the sesame oil helps prevent the growth of cancer cells in the case of colon cancer. Sesame oil is a rich source of copper that helps reduce inflammation and discomfort caused due to gout and arthritis. The minerals in sesame oil reduce joints' swelling and strengthen the bones and blood vessels. Sesame oil has antioxidant properties, which help to reduce damage to DNA cells. Moreover, sesame oil is also helpful for hair care. It helps to retain natural hair colour and minimizes hair loss. Also, sesame oil has antibacterial properties, which help eliminate pathogens or foreign bodies that can attack the scalp or hair. Sesame oil contains zinc, which helps to increase skin elasticity and smoothness and reduce oxidative stress. Owing to the wide range of health benefits offered by the consumption of sesame oil, the market is expected to grow during the forecast period.

Market Segmentation:

Golden or Brown sesame seed segment held highest market revenue share of XX% in the year 2021

The golden or brown sesame seed segment held the highest market revenue share due to the higher consumer demand for its colour and flavour. Brown sesame seeds are generally well known for their nutty flavour and radiant texture. Brown sesame seeds have a slightly sweet flavour and aroma. With their latent golden color, brown sesame seeds are primarily used to extract edible oil, which gives a good flavor to the oil. These seeds are consumed for their high protein and mineral content. Many of these minerals have a vital role in bone mineralization, red blood cell production, enzyme synthesis and hormone production, and regulation of cardiac and skeletal muscle activities. Brown sesame is also a rich source of calcium, iron, manganese, zinc, magnesium, selenium, and copper.

White sesame seeds are another segment popular for their flavour. The unhulled natural white sesame seeds are tear-shaped white seeds with a nutty texture and rich flavour. They are one of the most popular seeds globally and are used in many cuisines and recipes. They are also one of the oldest condiments and are loaded with natural oils. Natural white sesame seeds are the purest form of sesame seeds.

Based on the application, food and beverages segment share contributed for the largest share in the year 2021. Sesame oil is used for the cooking of meats and vegetables. The nutty taste of sesame oil makes it excellent for stir-fried dishes and salad dressing. Sesame oil has a very strong flavor that makes it unsuitable for all types of cooking oil, but it's excellent for meat cooking. Increasing application of sesame oil in meat cooking raises the market's growth.

Geographical Penetration:

Asia Pacific is expected to dominate the global sesame oil market in the year 2021

Sesame seeds are majorly grown in the Asia Pacific region due to increasing consumption from the consumer. Major countries in Asia Pacific regions, such as India and China, have a higher demand for sesame oil for cooking and cosmetic purposes. India and China are the major exporters of sesame seeds. Rising popularity for its use in meat preparation in India and China raises the demand for sesame oil. India is one of the largest sesame seeds producing countries in the Asia Pacific region. According to APEDA, Gujarat is the leading sesame producing state contributing 22.3% of total production, followed by West Bengal (19.2%), Karnataka (13.5%), Rajasthan (9.8%), Madhya Pradesh (9.06%), Tamil Nadu (4.7%), Andhra Pradesh (4.52%) and Maharashtra (4.52%). Other than India and China, Japan is one of the key exporting countries in the region. For instance, Japan exported 18.2 % sesame oil in the year 2021.

Competitive Landscape:

The global market remains fragmented due to local and private-label brands in different regions. However, technological advancements resulting in superior product quality are the key to the sustainable growth trajectory of sesame oil. Major companies are ADM, Hain Celestial Group, Premier Oil Mills, Kadoya Sesame Mills Incorporated, and IWAI SESAME OIL Co., Ltd. among others. In May 2021, Equinom and Dipasa collaborated to launch a new variety of protein-rich sesame seeds that will help to change the future of plant-based foods. This collaboration helps to introduce new protein-rich and cost-effective high protein sesame seeds. In May 2021, Equinom will develop its high-protein sesame seed. This new variety helps solve the taste and texture challenges of plant-based food and beverage. In March 2018, Spectrum brand launched organic cold infused oils in organic rosemary olive oil and organic garlic & chili sesame oil varieties.

COVID-19 Impact:

Negative impact on the global sesame oil market

The pandemic has negatively impacted the market worldwide. The import and export of the sesame seeds and sesame oils was highly affected. Consumption of sesame oil was decreased due to the highest prices. For instance, India’s edible oil import in 2021 fell to 13.1 million tonnes, which was the lowest in 6 years. India is very price-sensitive, and high prices reduced the demand for sesame oil. Due to price increases, price-conscious consumers were looking for other options and cheaper brands. In covid, which impacted their disruption in the distribution network, sesame oil refiners struggled to sell their finished goods. Shutting down of food service industry impacted the market negatively.

The global sesame oil market report would provide an access to approximately 61 market data tables, 54 figures and 180 pages