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Sesame Oil Market Trends

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

Sesame Oil Market Trends

Key trends in the sesame oil industry highlight a surge in consumer preference for cold-pressed and organic variants. According to the USDA, the demand for organic products has grown by 10% annually over the past five years, reflecting a broader shift towards healthier, chemical-free options. Furthermore, the rising embrace of plant-based diets and veganism is amplifying the use of sesame oil, not just in cooking but also in various food products. Data from the National Institutes of Health (NIH) indicates that plant-based diets have increased by 9.6% in the last year alone.
 

Beyond culinary uses, the cosmetics and personal care industry is increasingly turning to sesame oil, leveraging its antioxidant and moisturizing properties for skin and hair care products. Additionally, in the food sector, there's a notable trend of adopting traditional and ethnic cuisines, especially pronounced in the Asia-Pacific region, further propelling market demand. The Food and Agriculture Organization (FAO) reports a 7% annual increase in the consumption of traditional Asian cuisines globally.

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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