Press release
Sesame Oil Industry Analysis with Growth Forecast during 2017-2022
Fact.MR
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Sesame oil is extracted from plant species known as Sesamum Indicum, an herbaceous annual that belongs to Pedaliaceae family, reaching about 1.8 meter 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.
Key Estimations from Fact.MR’s Report on the Global Sesame Oil Market
1) The retail segment is expected to remain the most lucrative among end-users in the global market for sesame oil, with sales estimated to register the fastest expansion through 2022.
2) Sales of sesame oil will continue to exhibit a sluggish expansion in food processor segment throughout the forecast period.
3) Sales of sesame oil in specialty stores will register the highest CAGR through 2022, based on distribution channels.
4) Modern trade will continue to be the most lucrative distribution channel in the market, with sales projected to account for over one-third market share, in terms of revenues, during the forecast period.
5) Processed sesame oil will remain preferred product among consumers in the market. Revenues from processed sesame oil sales will account for approximately US$ 7,000 Mn by 2022-end.
6) In terms of revenues, sales of processed sesame oil will hold around three-fourth market share through 2022.
7) During 2017 to 2022, Europe will continue to be the most lucrative region for the sesame oil market, in terms of revenues. Revenues from sesame oil sales in Europe are expected to account for more than one-fourth market share over the forecast period.
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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 during 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, during 2017 to 2022.
By end-users, 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 food processor segment will continue to be sluggish throughout the forecast period.
Competition Tracking
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, and Associated British Foods plc.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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