Sesame Oil Market Forecasts to 2030 – Global Analysis By Product Type (Virgin, Processed and Other Product Types), Distribution Channel, Application, End User, and By Geography

Sesame Oil Market Forecasts to 2030 – Global Analysis By Product Type (Virgin, Processed and Other Product Types), Distribution Channel, Application, End User, and By Geography

According to Stratistics MRC, the Global Sesame Oil Market is accounted for $4.9 billion in 2023 and is expected to reach $8.5 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Sesame oil is a flavorful and aromatic oil extracted from sesame seeds, commonly used in culinary and traditional medicine practices. With a rich, nutty taste, it adds depth to various dishes in Asian cuisine. This amber-colored oil is high in polyunsaturated fats, omega-6 fatty acids, and antioxidants, offering potential health benefits such as heart health and inflammation reduction. Additionally, sesame oil is valued in skincare routines for its moisturizing and antioxidant properties. Its versatile usage, distinct flavor, and health-promoting attributes make it a cherished ingredient worldwide.

Market Dynamics:

Driver:

Rising demand for ethnic cuisines

Sesame oil is a common ingredient in Asian and Middle Eastern cuisines, which appeal to consumers who are searching for more genuine tastes and culinary experiences. The growing popularity of these ethnic cuisines globally increases the demand for sesame oil as consumers seek to replicate the authentic flavors of their favorite dishes at home. Further, there is an increased awareness and appreciation for sesame oil's unique taste and versatility in cooking, which is driving this market size.

Restraint:

Limited cultivation areas

The restricted cultivation areas contribute to challenges, including fluctuations in supply due to weather-related disruptions, susceptibility to pests and diseases, and limited crop yields. These factors can lead to supply shortages, increased production costs, and price volatility, affecting both producers and consumers. Moreover, geopolitical tensions and transportation challenges in major sesame-producing regions can exacerbate the limitations and hinder market stability.

Opportunity:

Technological advancements in extraction

Innovations in filtration and purification techniques have led to the production of cleaner and clearer sesame oil, free from impurities and undesirable flavors. Traditional methods of sesame have been augmented and refined with modern technologies like automated oil extraction machinery equipped with precision controls and monitoring systems. Additionally, these machines enable producers to extract sesame oil on a larger scale with superior oil quality, thus boosting this market expansion.

Threat:

Lack of awareness

Sesame oil is still relatively unknown or underappreciated in some areas and among certain consumer demographics, despite its benefits. This lack of awareness stems from several factors, including limited marketing efforts and insufficient education about sesame oil's uses and benefits. In addition, in regions where sesame oil is not traditionally used, consumers may be unaware of its versatility in cooking or its potential health benefits, which is hindering this market further.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the sesame oil market globally. One significant effect has been disruptions in the supply chain, including difficulties in sourcing sesame seeds and transportation challenges. Furthermore, the economic downturn resulting from the pandemic has affected consumer purchasing power and spending habits. This has resulted in a decrease in demand and sales for sesame oil in certain regions, which has hampered this market size.

The virgin segment is expected to be the largest during the forecast period

The virgin segment is estimated to hold the largest share, due to various factors such as processing methods, purity, and intended use. Virgin sesame oil is often preferred for culinary applications where its rich, nutty taste and aroma can enhance the flavor of dishes. Moreover, the seeds are typically cold-pressed or expeller-pressed to extract the oil, preserving its delicate flavors and nutrients, which significantly boost this segment’s growth.

The specialty stores segment is expected to have the highest CAGR during the forecast period

The specialty stores segment is anticipated to have highest CAGR during the forecast period. Specialty stores focus on offering unique, high-quality products that cater to specific consumer preferences and culinary needs. This oil occupies a significant place due to its distinctive flavors, nutritional benefits, and versatility in cooking. In addition, the sesame oil available in these stores tends to be of premium quality, often produced using traditional methods that preserve the oil's natural flavors and nutrients, which is driving this segment’s size.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to a staple ingredient in various cuisines, particularly in East and Southeast Asian cooking. It is deeply ingrained in the culinary traditions of countries such as China, Japan, Korea, and India. Moreover, sesame oil is recognized for its potential health benefits in traditional medicine practices across the region. It is believed to have properties that promote heart health, digestion, and overall well-being, which significantly boosts this region’s expansion.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to several factors, including increasing consumer awareness of its health benefits, culinary versatility, and growing demand for authentic international flavors. Manufacturers are catering to the demand for high-quality, authentic sesame oil by offering options such as virgin, organic, and specialty blends infused with herbs or spices. Additionally, there has been a surge in awareness regarding the health benefits associated with sesame oil consumption, which propels this region’s growth.

Key players in the market

Some of the key players in the Sesame Oil Market include Dipasa Europe, American Vegetable Oils Inc., Zillion International, Akay Agro Allied, Cargill Inc., Associated British Foods plc., ConAgra Foods, Bunge Limited, Archer Daniels Midland Company, The Adani Wilmar Ltd., Fuji Oil Holdings Inc., Adams Group Inc., Olympic Oils Limited, Ruchi Soya Industries Limited and Borges International Group S.L.U.

Key Developments:

In February 2024, Cargill announced that the company has invested in two processing facilities to expand its production and distribution of supermarket case-ready beef and pork to retailers in the Northeast part of the country.

In January 2023, BASF and Cargill further expand their partnership to offer high-performance enzyme solutions to animal protein producers in the United States.

In November 2023, Denver Flagship Food Group announced that it has appointed Adam Butler as Chief Executive Officer (CEO) and member of the Company’s Advisory Board.

Product Types Covered:
• Virgin
• Processed
• Other Product Types

Distribution Channels Covered:
• Modern Trade
• Franchise Outlets
• Online
• Specialty Stores
• Other Distribution Channels

Applications Covered:
• Ayurvedic and Traditional Medicine
• Health and Nutritional Supplements
• Seasoning and Condiments
• Other Applications

End Users Covered:
• Households and Consumers
• Food Industry
• Health and Wellness Sector
• Personal Care and Cosmetics Industry
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances