Sesame oil is extracted from plant species known as Sesamum Indicum, an herbaceous annual that belongs to the Pedaliaceae family, reaching about 1.8 meters in height. Over the past couple of years, western herbalists have sesame oil for various therapeutic purposes.
Sesame oil is being used as an imperative ingredient in margarine, as well as salad dressings, for cooking purposes, and in certain skin softening and cosmetic products. Sesame, native to Africa and Asia, is primarily cultivated in China, and India.
Consumption of sesame oil has been facing a paradigm shift among consumers, gaining popularity across regions such as Asia, and North America. Governments across the globe are taking initiatives, considering allowing bulk sesame oil export, which in turn will support farmers who have been facing distress in selling their crops.
The fear of low realization, associated with outcomes of sowing sesame seeds, has shifted the focus of governments in considering approval of sesame oil exports. These incidences will further influence the growth of the sesame oil market across the globe.
Consumption of sesame oil has gained an uptick, owing to its utilization in various products along with food. A major factor sustaining the growth of the sesame oil market across the globe is the use of sesame oil in different cuisines, beauty products, Ayurveda, and various massage oils.
Adoption of sesame oil is comparatively higher than other essential oils, as it has been the oldest edible oil consumed by humans. On the back of its nutritional value, consumers are opting the sesame seed oil, and the power-packed sesame seed oil is beneficial for overall human health, provided its consumption post-consulting a doctor.
Sesame oil is also well known for its benefits regarding the health of hair and skin. Owing to its aforementioned benefits, the production of sesame oil has been witnessing a hike over the past few years, which in turn will impact the growth of the sesame oil market in the upcoming years.
The global market for sesame oil is projected to register an average single-digit CAGR during the forecast period (2017-2022). Global sales of sesame oil will surpass revenues worth US$ 9,000 Mn by 2022-end.
Europe – Most Lucrative Region for Sesame Oil Market
In terms of revenues, Europe will remain the most lucrative region for the sesame oil market. Revenues from sales of sesame oil in Europe will account for over one-fourth share of the market from 2017 to 2022. Asia Pacific excluding Japan (APEJ) is estimated to be the second-largest market for sesame oil by 2022-end.
Specialty stores will continue to witness the fastest expansion in sales of sesame oil, based on distribution channels. Modern trade will remain the largest distribution channel for sesame oil over the forecast period, with sales estimated to account for more than one-third share of the market, in terms of revenues, from 2017 to 2022.
By end-users, the retail segment will continue to be the most lucrative in the global sesame oil market, with sales expected to exhibit the highest CAGR through 2022. Sales of sesame oil in the food processor segment will continue to be sluggish throughout the forecast period.
Processed sesame oil is estimated to remain preferred among products in the market. Sales of processed sesame oil will account for nearly US$ 7,000 Mn revenues by 2022-end. Revenues from sales of processed sesame oil will account for an approximately three-fourths share of the market during the forecast period.
Know More Details About the Report
Global leaders in the sesame oil market as profiled in Fact.MR’s report include
- The Adani Wilmar Ltd.
- Archer Daniels Midland Company
- Marico Limited
- Ruchi Soya Industries Limited
- Cargill Inc.
- ConAgra Foods (Agrotech Foods Ltd)
- Fuji Oil Holdings Inc.
- Olympic Oils Limited
- American Vegetable Oils Inc.
- Adams Group Inc.
- Borges International Group S.L.U.
- Bunge Limited
- Associated British Foods plc.
The primary factor which is sustaining the growth of the global market for sesame oil, is its utilization in various cuisines, Ayurveda, a variety of massage oils, and beauty products. Owing to its nutritional value, the adoption of sesame oil has gained an uptick among consumers, and power-packed sesame oil has been gaining higher traction on the back of its benefits to human health. This report, published by Fact.MR, provides an in-depth analysis of the global sesame oil market for the forecast period 2017-2022 and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global sesame oil market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Sesame oil manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to sesame oil.
The report commences with brief information of the global sesame oil market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global sesame oil market.
The next section offers an overview of the global sesame oil market. This comprises an introduction to the market, along with a standard definition of the product – sesame oil. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints, and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers up-to-date information about the latest advancements in the global sesame oil market, the report provides updates about market opportunities, which can benefit leading manufacturers of sesame oil. With the continuous evolution of the food & beverage sector, keeping a record of the latest developments and trends is fundamental for sesame oil manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
In order to provide detailed insights, and by considering the wide scope of the sesame oil market, Fact.MR’s report has offered segment-wise forecast & analysis. The global market for sesame oil is categorized into product type, distribution channels, end-users, and region. The segmentation analysis offered in the report is comprehensive, along with the in-depth country-wise forecast offered on all parameters.
The report’s last section comprises the global sesame oil market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global sesame oil market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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