Sesame Oil Market

Sesame Oil Market Outlook (2023 to 2033)

Worldwide consumption of sesame oil is estimated at US$ 4.6 billion for 2023 and is expected to reach US$ 8.2 billion by 2033-end. The global sesame oil market is projected to exhibit expansion at 5.9% CAGR from 2023 to 2033.

Sesame oil is extracted from sesame seeds, which come from a plant species called Sesamum Indicum that has a long history of cultivation in India and certain African countries. Sesame oil has been used extensively in various cuisines around the world and has been the primary use for centuries.

Surging popularity of Korean and Chinese cuisines in Western countries owing to globalization is projected to influentially augment sesame oil consumption on a global level across the forecast period. Increasing awareness regarding the health benefits associated with pure sesame oil consumption is also anticipated to uplift shipments of sesame seed oil and other sesame ingredients over the next ten years.

Supportive government initiatives to help sesame seed farmers and increasing exports of sesame seeds around the world are also predicted to positively impact sesame oil demand in the future. Increasing consumer inclination towards natural and organic food products, surging use in cosmetic and personal care product manufacturing, and rising scope of sesame seed oil in nutraceutical applications are other aspects that could boost industry growth over the coming years.

• In December 2022, SEIWA KASEI CO. LTD. announced the launch of a 100% plant ingredient raw material that is made by upcycling sesame. The product was expected to increase collagen production and keep the skin moisturized when used in personal care and cosmetic products.

Contrastingly, the rising prevalence of tree nut allergies around the world is expected to restrict sales of sesame seed oil and sesame products to a certain extent in the long run. The rapidly expanding food processing industry is anticipated to open up lucrative business scope for sesame oil producers throughout the forecast period and beyond.

Black sesame oil, kadoya sesame oil, white sesame oil, chili sesame oil, jamille black sesame oil, and wood-pressed sesame oil are some of the popular products in the market that are anticipated to have a bright demand outlook over the next ten years.

Report Attributes	Details
Sesame Oil Market Size (2023)	US$ 4.6 Billion
Projected Market Value (2033F)	US$ 8.2 Billion
Global Market Growth Rate (2023 to 2033)	5.9% CAGR
France Market Growth Rate (2023 to 2033)	8.2% CAGR
Market Share of Processed Sesame Oil (2033F)	>70%
Key Companies Profiled	Cargill Inc. American Vegetable Oils Inc. Borges International Group S.L.U. Olympic Oils Limited Marico Limited Ruchi Soya Industries Limited Fuji Oil Holdings Inc. Adams Group Inc. Bunge Limited The Adani Wilmar Ltd. ConAgra Foods (Agrotech Foods Ltd.) Archer Daniels Midland Company Associated British Foods plc.

Why are Sesame Oil Manufacturers Swarming APAC?

“High Production and Extensive Use of Sesame Oil in Cooking”

Sesame oil is highly popular in Asian countries and has been traditionally used in many countries as a cooking oil. Cuisines such as Chinese, Japanese, and Korean extensively use toasted sesame oil as well as light sesame oil to add flavor to their stir-fried recipes and sautéing food. Refined sesame oil is used in baked products and margarine in the Asia Pacific region.

Sesame seed oil is also used as a base oil for most herbal oils and the high popularity of traditional medicine in Asian countries is projected to further bolster shipments of sesame oil over the next ten years. The region is also home to some of the prominent countries producing sesame seed oil such as India, China, Myanmar, Korea, and Japan, which are expected to provide a highly attractive business scope for sesame oil vendors in the future.

Increasing focus on fitness, growing consumption of superfoods, expanding food industry, and increasing use of sesame oil for skin care and hair care are other prospects that could favor consumption of cold pressed sesame oil in Asian countries throughout the forecast period. The growing popularity of veganism and high demand for plant-based food products are also expected to uplift organic sesame oil consumption in this region going forward.

In conclusion, all of the aforementioned factors are expected to create an opportune scenario for sesame oil manufacturers and suppliers in the Asia Pacific region over the next ten years.

• At present, sesame oil demand in Asia Pacific accounts for more than 50% of the global market share.

A detailed analysis of all industry-influencing aspects such as product standards, new developments, safety regulations, and pricing trends affecting regional market growth have been discussed elaborately in this latest sesame oil market research study by skilled analysts Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

Why are Sesame Oil Suppliers Advised to Invest in Europe?

“Surging Demand for Functional Sesame Ingredients in the Region”

Functional foods and beverages have been gaining massive popularity in the European region owing to the rising focus on health among the people. Rising awareness regarding the functional properties and benefits of sesame seed oil consumption is pushing manufacturers of functional food products to incorporate sesame oil in their products and thus, favoring the overall sesame oil market growth in Europe going forward.

Increasing use of sesame oil in beauty and personal care products and the presence of key personal care & cosmetic brands in European countries are also expected to open up new avenues of opportunity for sesame oil vendors over the next ten years. A growing number of vegans and high demand for plant-based natural foods is also expected to be a prime factor that will influence sesame oil consumption trends in European countries such as Germany, France, and the United Kingdom.

What Makes the United States an Opportune Market for Sesame Oil Producers?

“High Import Volume and Growing Asian Population in the Country”

The United States is one of the leading importers of sesame oil in the world at present and this is expected to create moneymaking opportunities for sesame oil distributors and suppliers over the coming years. The rapidly increasing Asian population in the United States is also expected to be a major contributor to rising sesame oil consumption in the country across the forecast period.

• As per 2019 Census Bureau population estimates, there were 18.9 billion Asian Americans living in the United States.

Surging demand for Asian foods and the growing popularity of different cuisines in the United States are also expected to boost sesame oil shipments in the future. Growing consumption of nutraceuticals and increasing use of sesame ingredients in them are also expected to benefit overall sesame oil market development in the country going forward.

Sesame oil is rich in healthy fats such as omega-3, omega-6, and omega-9 fatty acids that lower the risk of heart disease for consumers. The aforementioned factor makes sesame oil a highly preferred oil for people suffering from cardiovascular disorders, which are increasing in incidence in the United States and are slated to bolster consumption of sesame oil through 2033.

Why is Korea a Captivating Space for Sesame Oil Vendors?

“High Use of Toasted Sesame Oil in Cooking”

Sesame oil has been an integral part of Korean cuisine for centuries and this is what makes it a highly opportune market in the Asian region. Korean cuisine usually uses toasted sesame seed oil, which has a deeper and richer flavor profile as compared to untoasted oil. Korean sesame oil is widely used in sauces, marinades, and seasoning as it plays the role of flavor enhancer due to its smoky and nutty taste.

Koreans have not only used sesame oil for flavor but also for its health benefits which include lowering cholesterol and anti-inflammatory characteristics. Sesame seed oil has also traditionally been used to heal skin infections and promote good hair growth among Korean people.

The aforementioned uses of sesame seed oil in Korean culture depict the deep-rooted rich history of sesame oil use in the country and also offer highly remunerative business potential for upcoming as well as established producers of sesame oil.

Category-wise Insights

Demand for Which Type of Sesame Oil Will Soar Over the Decade?

“Processed Sesame Oil Spearheading Global Product Sales”

Based on product type, the market for sesame oil is segmented into processed and virgin.

Processed sesame oil accounts for a substantial share of the global market place at present and is projected to maintain a similar stance throughout the forecast period. The high use of processed sesame oil in cooking and food processing applications is anticipated to primarily drive growth in this segment through 2033.

• Processed sesame seed oil demand is forecasted to hold around 3/4 share of the global marketplace by the end of the forecast period.

Increasing awareness among consumers regarding the benefits of organic products is slated to uplift the consumption of virgin sesame seed oil in the future.

Competitive Landscape:

Prime sesame oil manufacturers are focusing on expanding their product portfolio, which would help them maximize their sales potential and gain a competitive advantage over other market players.

• In May 2021, Momofuku, a culinary brand created by Chef David Chang, introduced toasted sesame oil to its line of restaurant-grade pantry essentials. The product was made available with a pricing of US$ 25 and US$ 30 respectively for 2-Pack and Liquids Starter Pack variants of packaging.

Key Segments of Sesame Oil Industry Research

• By Product Type :

  • Processed
  • Virgin

• By End User :

  • Food Service
  • Food Processor
  • Retail

• By Distribution Channel :

  • Modern Trade
  • Franchise Outlets
  • Specialty Stores
  • Online

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA