Sesame Oil Market Growth and Restrain Factors Analysis 2022 - 2032 With a CAGR of 5.9%

Global consumption of sesame oil is pegged at 1,228,044 tons in 2022 and is expected to increase at a CAGR of 5.6% to reach 2,108,016 tons by 2032. The market has grown significantly in recent years and this trend is likely to continue over the forecast period of 2022-2032 as well.

Sesame oil is mostly used to dress salads and give them a specific flavor and consistency, making them more delicious and increasing their aesthetic appeal. Increasing number of health-conscious consumers who prefer salads with their meals has encouraged hotels and restaurants to serve salads by making them seem more appealing and nutritious at the same time, resulting in huge demand for salad oils in the hospitality industry.
Sesame oil is widely used in margarine, which is a cheap substitute for butter and other fat-soluble spreads. Margarine is widely utilized as an ingredient in bakery products such as pastries, cookies, and doughnuts.

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Global increase in the consumption of salad oils is attributed to rising income and population in developing nations, as well as fast expanding food processing companies in Asia and other developing areas. Due to the strong and distinct flavor of sesame oil, it is used as a flavoring agent in the formulation of salad dressings, shortening, and various kinds of margarine.

Key Takeaways from Market Study

Demand for sesame oil in South Asia & Pacific is expected to increase at a volume CAGR of 5.9% during the forecast period (2022-2032).

North America and Europe account 9.6% and 18.2% market shares, respectively.

Utilization of sesame oil in the food processing industry is anticipated to reach US$ 2.57 Bn by 2032.

Based on distribution channel, sales of sesame oil in the business to business segment are expected to increase at a CAGR of 5.8% and hold 89.9% market share.

In the East Asian market, China and Japan have high potential growth and will register volume CAGRs of 4.1% and 5.8%, respectively, through 2032.

"Increasing foodservice industry penetration in developing countries such as India, China, and others is a potential growth factor for the sesame oil market. Sesame oil is estimated to witness high demand in the hospitality and institutional catering sectors," says a Persistence Market Research Analyst.

Competitive Landscape

Manufacturers of sesame oil are investing in research and development and increasing their footprints across the world. They are also trying to increase the application of the product in various industries and increase its effectiveness with high convenience for customers and survive the cut-throat competition.

In 2020, Archer Daniel Midland Company expanded its botanical ingredient footprint with the acquisition of Brazilian manufacturer Yerbalatina. Yerbalatina uses proprietary cool-drying technology to transform fruits, vegetables, and other plants into a wide variety of extracts and ingredients for customers in the food, beverage, and health industries.

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Key Players :

• Archer Daniel Midland Company
• Chee Seng Oil Factory Pte Ltd.
• ConnOils LLC
• Dipasa Group
• Ernesto Ventós S.A.
• Fytel Edible Oils Ltd
• Gustav Heess
• Haitoglou Bros S.A.
• Iwai Sesame Oil Co., Ltd.
• Kadoya Sesame Mills Inc.
• La Tourangelle, Inc.
• Midtrans International
• Now Foods
• Oh Aik Guan Food Industrial Pte Ltd
• Olivado
• OLVEA
• Sesajal S.A de C.V.
• The Hain Celestial Group
• Wildly Organic
• Yamada Sesame Oil Manufacturing Company
• Dipasa USA, Inc.

Explore More Valuable Insights

Persistence Market Research, in its new report, offers an impartial analysis of the global sesame oil market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights on the basis of nature (organic, conventional), source (white sesame seeds, black sesame seeds, brown sesame seeds), type (cold pressed sesame oil, refined sesame oil), end use (food processing industry, foodservice industry, pharmaceuticals/nutraceuticals, cosmetics & personal care, retail/household), and distribution channel (business to business, business to consumer), across six major regions of the world.

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This release was published on openPR.