ID: MRFR/F-B & N/6087-HCR | 90 Pages | Published By Snehal Singh on March 2023
Sesame Seeds Market Size was valued at USD 5.6 billion in 2021. The Sesame Seeds Market industry is projected to grow at exhibiting a compound annual growth rate (CAGR) of 2.1% during the forecast period (2022 - 2030). Growing adoption of sesame seed in Various applications and increasing number of private label manufacturers in the market is driving the market growth for the product.
Sesame Seeds Market Trends
Sesame seeds have been one of the key ingredients that have been utilized in food and beverages, pharmaceuticals, and other segments. Owing to its high-end benefits like its richness in nutrients, flavonoids, phenolics antioxidants, rich fibers, and omega-6 acids. Sesame seed has earned an enormous grip in the food and beverage industry due to their health advantages. Additionally, the sesame seeds are also enriched with potassium, calcium, and magnesium which are highly required by the various application for producing good quality food products, medicines, and supplements. Additionally, ever-increasing utilization from the food and beverages industry has well supported the growth of the overall sales of the seeds. It has been also highly in demand from pharmaceuticals and nutraceuticals for making kinds of medicines, and various nutraceuticals tablets and supplements. Moreover, one of the largest benefits of sesame seeds is in food and beverage applications. Tas sesame seed is one of the oldest oil seeds which have been in high demand for its nutritional benefits. The oil derived from sesame seeds has been utilized widely for cooking purposes. The oil seeds are valued for their full antioxidant characteristics that vital for superior health. In addition, these sesame seeds are available in a variety of types such as white, black, and brown, and have their own specific importance. Thus, the sesame seeds market has been in steady demand because of rising application areas.
Sesame Seeds Market Segment Insights
Sesame seeds Type Insights
Based on product type, the Sesame Seeds Market segmentation is white, black, and others. The white sesame seeds market has been identified with prominent growth due to its excellent source of magnesium and calcium. Ultimately the sesame seeds help in making the bones healthy and strong and making nerve signal transmission properly. The enlarged benefits of these white, and black sesame seeds have witnessed steady growth in the sesame seeds market.
May 2021: Equinom and Dipasa made a partnership to produce high-protein sesame seeds. The partnership will further focus on creating high-protein sesame concentrate. For this the Equinom company utilizes AI technology to develop new varieties while Diapsa company will focus on processing.
Sesame seeds by Category
The Sesame Seeds Market segmentation is based on, organic and conventional. The organic segment has dominated the market in 2021 whereas the conventional segment has steady growth, however, it is slightly lesser in demand compared with the organic sesame growth. Organic sesame production relies on the traditional practices of farming along with the natural fertilization process. It is important to use biological control to maintain soil productivity and crop health. Moreover, the ever-increased demand for organic products has created a larger scope for the sesame seeds market.
Sesame seeds Application
The Sesame Seeds Market has been bifurcated by application into food and beverages, pharmaceuticals, nutraceuticals, personnel care, and others. Food and beverages segments have overall great market potential while enlarged utilization from pharmaceuticals has been growing with steady growth. The extended benefits of the oil derived from the sesame seeds have greater importance for medicinal purposes. This has been prominently utilized for skin and better health.
May 2021: Israel-based Equinom company has developed its first-ever high-protein sesame seed. To produce these sesame seeds, the company has joined with the Mexican seed producer company Dipasa.
Figure 2: Sesame Seeds Market, by End Category, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Making organic sesame involves good preliminary preparation so that important activities are not negotiated at the expense of good quality sesame. To produce organic sesame, individuals must have to focus on organic farming. The enlarged demand for organic sesame has eventually benefited from the stipulated demand for sesame seeds. Organic sesame oil is widely used for cooking purposes, along with this, it is also used as a preservative for extending the food product’s shelf life.
Nowadays, consumers around the globe are being more concerned about theire health due to the rising cases of viral diseases, resulting into the enhanced utlisation of the organic products. The trend has positively impacted on the consumption of sesame seeds and its by products. Hence the demand for organic sesame seeds has been high. As a result, the organic segment has a steady growth in the sesame seeds market.
In May 2020: The sabra company announced its new sesame seed variety that will be grown in the US. For this, the company has made a partnership with Israel-based Equinom company to produce a new variant of the sesame in the US.
Sesame seeds Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America Sesame Seeds Market accounted for lucrative growth during the forecasted period. This is attributed to the growing benefits associated with the benefits of consuming sesame seed in the region are expected to increase its demand during the forecast period. Further, the major countries studied are the US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. Moreover, the major countries around the globe have accounted for the inclined growth in the consumption of sesame seeds, due to the inclined demand for the nutritional benefits. Additionally, the ongoing covid-19 pandemic has also increased the importance of nutritional food, which has further created the importance of sesame in the routine. Sesame seeds are beneficial to health, its utilization has increased in pharmaceuticals for their extra nutritional values. Thus, the rising importance of sesame seeds has further extended the sales of the product ly and has witnessed significant growth during the forecasted period.
Figure 3: SESAME SEEDS MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe Sesame Seeds Market accounts for the second-largest market share owing to the increasing demand for sesame seeds derived products. Europe is expected to keep steady growth with a significant share of the sesame seeds industry in the forecast period. This growth can be correlated with the growing demand for sesame seeds in the region. For Instance, in 2019, the sesame seeds imported into the European Union were valued to be around 130 thousand tons which shows the highly growing demand for the sesame seeds market.
The Asia-Pacific Sesame Seeds Market accounted highest lucrative growth during the review period. This is due to increased application areas for the white sesame weeds and black sesame seeds. Owing to the benefits of sesame seeds as a functional ingredient, production has increased ly. The major countries that are responsible for the largest production of sesame seeds are Myanmar, India, and China. Moreover, the India Sesame Seeds Market held the largest market share, and the Myanmar Sesame Seeds Market was the fastest-growing market in the Asia-Pacific market.
Sesame seeds Key Market Players & Competitive Insights
Major market players are paying plenty of money on R&D to boost their product lines, which will help the Sesame Seeds Market expand even more. Market participants are also taking a range of calculated initiatives to expand their worldwide footprint, involving new product launches, contractual deals, mergers and acquisitions, enhanced investments, and partnerships with other organizations. Additionally, the growing utilization of white sesame and black sesame for medicinal purposes has further gained momentum in the growth of the sesame seeds market.
For instance, In December 2022, the Equinom company which prominently deals in sesame raised its investment in its agricultural business by USD 35 million. This investment will double the company’s overall lifetime funding.
Moreover, the key players operating in the Sesame Seeds Market are further concentrating on research to develop new products to cope with the changing trends in the food market and to meet the customers’ expectations. The companies are focused on increasing production capacity by upgrading their existing manufacturing facilities. One of the primary business strategies adopted by producers in the Sesame seeds industry to benefit clients and enlarge the Sesame Seeds Market sector is to manufacture locally to reduce operational expenses.
Key Companies in the Sesame Seeds Market includes
Sesame seeds Industry Developments
February 2019: The Equinom company has patented its sesame seed variety for cultivation purposes. The new variety of sesame is highly nutritious and has organoleptic characteristics.
Sesame Seeds Market Segmentation
Sesame seeds Type Outlook
Sesame seeds by Category Outlook
Sesame seeds by Application Outlook
Sesame seeds Regional Outlook
|Market Size 2021||USD 5.63 billion|
|Market Size 2022||USD 5.9 billion|
|Market Size 2030||USD 7.94 billion|
|Compound Annual Growth Rate (CAGR)||2.1% (2022-2030)|
|Historical Data||2018 & 2020|
|Forecast Units||Value (USD billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Operating Platforms, and Region|
|Geographies Covered||North America, Europe, Asia Pacific, and the Rest of the World|
|Countries Covered||The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil|
|Key Companies Profiled||Olam International, Dipasa Europe B.V. Unicorn Ingredients Limited, Virdhara International Tradin Organic Agriculture B.V., Akay Agro Allied|
|Key Market Opportunities||· Growing Adoption of Sesame seed in Various applications|
|Key Market Dynamics||· Increasing Number of Private Label Manufacturers|
The sesame seeds market is accounted for a market share of USD 5.63 billion in 2021
Increasing Number of Private Label Manufacturers
The growth rate of the market is CAGR 2.1%
Asia Pacific is held to be the largest market for sesame seeds.
Dipasa Europe B.V.,Unicorn Ingredients Limited, Virdhara International, and Trading Organic Agriculture B.V are a few of the top players operating in the sesame seeds market.