Global Sesame Oil Market Size To Worth USD 7.17 Billion By 2033 | CAGR OF 5.70%
Category: Consumer GoodsGlobal Sesame Oil Market Size To Worth USD 7.17 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Sesame Oil Market Size is to Grow from USD 4.12 Billion in 2023 to USD 7.17 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.70% during the projected period.
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Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the "Global Sesame Oil Market Size, Share, and COVID-19 Impact Analysis, By Processing Type (Refined and Unrefined), By Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals, and Others), By Distribution Channel (B2B and B2C) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/sesame-oil-market
Sesame oil, a premium vegetable oil derived from sesame seeds (Sesamum indicum L.), is commonly used in Asian cuisine. It is among the classic oil seed crops. It is a popular addition to diets because of its high nutritional value, mild flavour, and widespread cultivation. Sesame seeds have several health benefits and are high in fat and protein. Sesame oil is in high demand and consumption worldwide due to its multiple health benefits, including antioxidant, blood lipid regulation, cholesterol reduction, liver and kidney protection, cardiovascular system protection, anti-inflammatory, and anti-tumour qualities. There is a clear correlation between serotonin and the amino acids which is present in the oil. Thus, consuming sesame oil encourages the body to produce more serotonin. The market for sesame oil is growing due to this factor. Due to its beneficial properties, including its anti-inflammatory, moisturizing, and antioxidant properties, sesame oil is becoming increasingly common in the pharmaceutical and cosmetic industries. Furthermore, when highly allergic people consume sesame oil, they run the risk of developing anaphylaxis, which can result in breathing problems, dizziness, and even cardiac arrest. It is expected that these serious adverse effects will hinder the growth of the sesame oil market.
The refined segment is expected to hold the largest market share of the sesame oil market during the projected timeframe.
Based on the processing type, the sesame oil market is divided into refined and unrefined. Among these, the refined segment is expected to hold the largest market share of the sesame oil market during the projected timeframe. Because it has no trans fats or cholesterol, it is a healthier option when compared to other refined oils. Refined sesame oil is becoming more and more in demand as people look for cooking oils that are not solely flavorful but also healthful.
The food & beverage segment holds the highest market share of the sesame oil market during the projected timeframe.
Based on the application, the sesame oil market is divided into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Among these, the food & beverage segment holds the highest market share of the sesame oil market during the projected timeframe. Sesame oil is a staple in many Asian dishes, including those from Korean, Chinese, Japanese, and Indian cuisines, because of its distinct nutty flavor. With the expanding global recognition of these cuisines, especially in food service and dining places, there is a growing need for sesame oil. To appeal to consumers who are concerned about their health and are searching for healthful ingredients, a growing number of food and beverage makers are adding sesame oil to their products.
The B2B segment is anticipated to grow at the highest CAGR of the sesame oil market during the projected timeframe.
Based on the distribution channel, the sesame oil market is divided into B2B and B2C. Among these, the B2B segment is anticipated to grow at the highest CAGR of the sesame oil market during the projected timeframe. Businesses that require large quantities of sesame oil, such as restaurants, food manufacturers, and cosmetic companies, may find it more cost-effective to purchase it through B2B channels, which often offer larger quantities at a discounted price. When these businesses buy in bulk through B2B channels, they may be able to reduce their cost per unit, manage their inventory more carefully, and maintain a steady supply without having to place repeat orders.
Asia Pacific is expected to hold the largest share of the sesame oil market over the forecast period.
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Asia Pacific is expected to hold the largest share of the sesame oil market over the forecast period. Sesame oil is commonly used in the area for regular meal preparation. It is added to baked products and margarine after the product is polished. It can also be put uncooked on salad dressings and spreads including hummus. Sesame oil is used by customers and restaurants as a finished product for frying and cooking, mostly in gourmet and ethnic cuisines. Sesame oil is a traditional ingredient in many Asian cuisines, such as Chinese, Japanese, Korean, and Indian. Due to its distinct taste, it is a common component in many traditional recipes, such as salad dressings, marinades, stir-fries, and sauces.
North America is predicted to grow at the fastest pace in the sesame oil market during the projected timeframe. Sesame oil is commonly used in the area for regular meal preparation. It is added to baked products and margarine after the product is polished. It can also be put uncooked on salad dressings and spreads including hummus. Sesame oil is used by customers and restaurants as a finished product for frying and cooking, mostly in gourmet and ethnic cuisines. Sesame oil is a traditional ingredient in many Asian cuisines, such as Chinese, Japanese, Korean, and Indian. Due to its distinct taste, it is a common component in many traditional recipes, such as salad dressings, marinades, stir-fries, and sauces.
Major vendors in the sesame oil market are Kadoya Sesame Mills Inc., Wilmar International Limited, TAKEMOTO OIL & FAT CO., LTD., Borges International Group, Henan Dingzhi Agricultural Processing Types Co., Ltd., Zillion International Royal Foods, Nirlesh Foods Private Limited, Bavankashi Food Products Private Limited, V.V. Vanniyom Oil Industries, Kevala International LLC, Shree Western G & C Industries, Zapach International, Shrimant Sai Oil Mill, and others.
Recent Developments
- In May 2021, Momofuku, the famed restaurant chain, launched a new line of pantry necessities called Momofuku Goods. Toasted Sesame Oil and a Liquids Starter Pack are among the first items released. Toasted Sesame Oil is prepared with high-quality sesame seeds that are slowly toasted to develop a rich, nutty flavor. It can be used to cook, drizzle, or as a finishing oil.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the sesame oil market based on the below-mentioned segments:
Global Sesame Oil Market, By Processing Type
- Refined
- Unrefined
Global Sesame Oil Market, By Application
- Food & Beverage
- Cosmetics & Personal Care
- Pharmaceuticals
- Others
Global Sesame Oil Market, By Distribution Channel
- B2B
- B2C
Global Sesame Oil Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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