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Sesame Oil Market Analysis

  • Report ID: GMI11417
  • Published Date: Sep 2024
  • Report Format: PDF

Sesame Oil Market Analysis

The market for processed products is anticipated to reach USD 4.6 billion by 2032, growing at a CAGR of over 6.1% during the forecast period. As consumers increasingly seek value-added options, the sesame oil market is witnessing a surge in demand for processed products. Flavored sesame oils, blends with other oils, and sesame oil-infused cosmetics and personal care items are becoming increasingly popular.
 

In the food industry, these processed sesame oils are now integral to ready-to-cook meals, sauces, and dressings, appealing to both convenience and health-conscious consumers. Moreover, the growing demand for refined sesame oil in sectors like pharmaceuticals, nutraceuticals, and skincare underscores the expanding opportunities for processed variants in the global market.
 

Sesame Oil Market Revenue Share, By Type, (2023)

The sesame oil market share from the refined sesame oil will observe around 6.2% CAGR through 2032 with a market size of USD 3.3 billion. Refined sesame oil plays a pivotal role in the market, especially in culinary uses. Its neutral flavor and elevated smoke point make it perfect for frying and high-temperature cooking. The food industry extensively employs it, particularly in processed and packaged foods, as well as in restaurants.
 

Its milder taste, in contrast to cold-pressed varieties, broadens its appeal among consumers. Beyond culinary uses, refined sesame oil finds its place in cosmetics and personal care products, thanks to its skin-nourishing attributes. With a rising global appetite for versatile cooking oils, the market potential for refined sesame oil continues to expand.
 

The sesame oil market share from the food and beverages segment will observe around 6% CAGR through 2032 with a market size of USD 3.2 billion. The food and beverages sector is witnessing a surge in the market, primarily due to its rising adoption as a cooking oil and flavor enhancer, especially in Asian and Middle Eastern cuisines.
 

As consumers increasingly seek healthy and natural ingredients, sesame oil's rich nutritional profile, boasting healthy fats and antioxidants, is driving its popularity. It's a staple in dressings, marinades, sauces, and flavoring, both in home kitchens and the food service industry. Moreover, the global shift towards plant-based diets and heightened interest in ethnic cuisines present expanding opportunities for sesame oil in the food and beverages sector.
 

The sesame oil market share from the retail stores segment will observe around 6.0% CAGR through 2032 with a market size of USD 2.1 billion. As consumers increasingly demand convenient access to high-quality and diverse sesame oil products, retail stores are expanding their role in the market. Supermarkets, hypermarkets, and specialty food shops are key distribution channels, offering a wide range of options, from cold-pressed to organic sesame oil.
 

The growing health consciousness among consumers and their interest in global cuisines are fueling demand at these outlets. Furthermore, retail stores play a crucial role in educating consumers about the benefits of sesame oil and promoting its diverse applications, thereby driving market growth and boosting product visibility.
 

Asia Pacific Sesame Oil Market Size, 2021- 2032 (USD Billion)

Asia Pacific sesame oil market will record a market size of about USD 3.9 billion and 6.7% CAGR during 2024 and 2032. Countries such as India, China, Japan, and South Korea are propelling the market to its status as the largest and most dynamic segment globally. The region's deep-rooted culinary traditions and its prevalent use of sesame oil in cooking and traditional medicine play pivotal roles in this market leadership.
 

Heightened awareness of sesame oil's health advantages, notably its antioxidant and anti-inflammatory traits, amplifies its appeal. Moreover, urbanization and increasing disposable incomes are leading consumers to spend more on premium and organic sesame oil products, further fueling the region's market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of sesame oil reached USD 4.3 billion in 2023 and will register a 6.6% CAGR from 2024 to 2032, fueled by rising consumer awareness of sesame oil's health benefits, including its potent antioxidant and anti-inflammatory properties.

The processed sesame oil segment will exhibit over 6.1% CAGR during 2024-2032, fueled by a surge in demand for processed products.

Asia Pacific market generated a substantial revenue of USD 3.9 billion in 2023 and will showcase a CAGR of 6.7% through 2032, driven by urbanization and increasing disposable incomes are leading consumers to spend more on premium and organic sesame oil products.

Fuji Oil Holdings Inc., Adams Group Inc., ConAgra Foods (Agrotech Foods Ltd.), Archer Daniels, Midland Company, and Marico Limited, among others.

Sesame Oil Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 172
  • Countries covered: 24
  • Pages: 200
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