Global Sesame Oil Market Set to Reach $4.87 Billion by 2024, Driven by Health Benefits and Growing Demand

Rich in Antioxidants and Assisting in Improved Heart Health, Making Sesame Oil Popular Globally: FactMR Report

Based on the recently updated report by Fact.MR, a market research and competitive intelligence provider, the global sesame oil market is projected to reach US$ 4.87 billion by 2024. Additionally, the market is expected to grow at a CAGR of 5.9% from 2024 to 2034.

Due to its numerous uses and benefits, sesame oil is experiencing a significant surge in global demand. This versatile oil has been utilized in various sectors, including the food industry, cosmetics, and pharmaceuticals. Sesame oil is prized in the kitchen for its distinctive nutty flavor and high smoke point, making it popular in Asian cuisines and increasingly gaining traction in Western cooking.

Sesame oil has gained popularity in the health and wellness industry due to its potential advantages, including heart health benefits and antioxidant properties. This oil's growing popularity is evident in its increased usage in natural skincare and haircare products, appealing to consumers seeking plant-based substitutes. Additionally, sesame oil's rising prominence has been supported by its application in traditional therapies such as Ayurveda.

The demand for sesame oil is rising further as people become more aware of its several applications and as research reveals new ones. In addition to driving up the market for sesame oil, this rising demand is having an effect on sesame seed production all over the world.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=129

Key Takeaways from the Market Study:

• The global sesame oil market is forecasted to reach a valuation of US$ 8.64 billion by the year 2034.
• The East Asia market is expected to progress at a CAGR of 6.2% between 2024 and 2034.
• The North American region is projected to hold a market share of 23.9% in 2024.
• By the end of 2034, the market in Mexico is expected to reach a valuation of US$ 417.9 million.
• The market in Japan is estimated to hold a share of 29.4% in the East Asia region by the end of 2034.
• Based on end users, the food service segment is estimated to reach a valuation of US$ 1.65 billion in the year 2024.

“Sesame oil is helping in improving hair strength and shine, thereby contributing to a hike in demand among female customers,” says a Fact.MR analyst.

Suppliers Working Together on Improving Profit Margins by Using Creative Strategies

Providers of sesame oil are implementing creative tactics to increase revenue and obtain a competitive advantage in the expanding industry. To guarantee quality and cut expenses, several market players are focusing on vertical integration, which involves managing the complete supply chain from seed to shelf. They provide high-quality, traceable items at economic pricing because of this strategy. To stand out in a crowded market, some providers are investing in cutting-edge extraction technology to increase oil quality and production. Others are creating customized formulas for particular markets with high value, such as the pharmaceutical or cosmetics sectors.

Marketing campaigns are focusing on oil's flexibility and health advantages, thereby appealing to both professional cooks and health-conscious customers. To appeal to customers who value ethics, several suppliers are now earning certificates for fair trade and organic products. Direct-to-consumer sales channels and e-commerce platforms are used to boost profits and foster brand loyalty. To appeal to clients who care about the environment, several businesses are also looking into carbon-neutral production techniques and sustainable packaging solutions.

Sesame Oil Industry News:

Key players in the sesame oil market are adopting innovative strategies and launching new products to maintain a competitive edge. One such development includes the introduction of sesame seed extract as a value-added product. Companies are focusing on enhancing product quality, expanding their distribution channels, and catering to the growing consumer demand for premium and organic sesame oil variants. These efforts are aimed at strengthening their market position and capturing a larger share of the expanding global sesame oil industry.

A notable example of product innovation in the market is the launch of toasted sesame oil by Chef David Chang's culinary brand, Momofuku, in May 2021. This addition to the brand’s restaurant-quality pantry staples reflects the rising consumer interest in high-quality cooking oils. The product was made available in two packaging versions: a 2-Pack priced at US$ 25 and a Liquids Starter Pack priced at US$ 30. Such initiatives by key industry players highlight the growing trend of premiumization and the increasing adoption of specialty sesame oil products in the market.

Leading Players Driving Innovation in the Sesame Oil Market:

Key industry participants like Kadoya Sesame Mills Inc.; Yamada Sesame Oil Manufacturing Company; Archer Daniels Midland Company; La Tourangelle, Inc.; Wildly Organic; Chee Seng Oil Factory Pte Ltd.; The Hain Celestial Group; ConnOils LLC; Sesajal S.A de C.V.; Dipasa Group; OLVEA; Ernesto Ventós S.A.; Olivado; Fytel Edible Oils Ltd.; Oh Aik Guan Food Industrial Pte Ltd.; Gustav Heess; Now Foods; Haitoglou Bros S.A.; Midtrans International; Iwai Sesame Oil Co., Ltd. etc. are driving the sesame oil industry.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=S&rep_id=129

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the sesame oil market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (processed, virgin), and end-user (food service, food processor, retail), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).

Check out More Related Studies Published by Fact.MR Research:

Sesame seed extract market size is expected to reach US$ 264.9 million in 2024 and has been forecast to increase at a CAGR of 6.1% to climb to US$ 476.8 million by the end of 2034.

Cooking oil market is expected to grow at a CAGR of 5.3% over the next decade, reaching a market value of US$ 364.9 billion by the end of 2033.

Vegetable oils market has reached a valuation of US$ 214 billion in 2022 and is likely to climb to US$ 336 billion by 2032-end, expanding at a CAGR of 4.6% through 2032.

Low calorie cooking oil market to register healthy growth by 2031. Rising demand for substitutes of high calories are boosting low calorie cooking oil sales.

Garlic market accounts for a value of US$ 21.59 billion in 2023 and is estimated to reach US$ 35.85 billion by 2033.