Sesame Oil Market Size Worth $7.25 Billion By 2032 | CAGR: 5.8%

Sesame Oil Market Size Worth $7.25 Billion By 2032 | CAGR: 5.8%


The global sesame oil market size is expected to reach USD 7.25 billion by 2032, according to a new study by Polaris Market Research. The report “Sesame Oil Market Share, Size, Trends, Industry Analysis Report, By Product Type (Processed and Virgin); By End Use; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising use of sesame oil in wide range of applications including food, cosmetics, personal care, and nutraceutical among others and its prevalence as a major ingredient in various traditional cuisines like Korean, Chinese, & Indian along with the rise in number of consumers extensively shifting towards healthier cooking practices, are prominent factors boosting the market growth. Beside this, consumers are increasingly concerned about the environmental and social impact of their food choices, thereby seeking healthier alternatives to their conventional oils, which subsequently forcing manufacturers to opt environmentally friendly production processes, to meet this demand for healthier cooking oil.

For instance, in May 2021, Equinom, announced about its latest collaboration with Dipasa, a leading sesame seed processors and exporters, with an aim to develop a first-of-its-kind high-protein seed of sesame and functional ingredient.

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Increasing emphasis on health & wellness in the food industry and growing popularity of sesame oil due to its various potential health benefits including heart health, anti-inflammatory properties, and skin and hair care coupled with the surge in number of consumers becoming more health-conscious and are seeking healthier cooking and flavoring options like sesame oil, leading to an increased product demand as a nutritious choice all over the world.

Moreover, rising incorporation of automation and process optimization technologies that have streamlined sesame oil production, reducing manual labor, improving efficiency, and ensuring consistent quality and surging use of automated systems for seed cleaning, crushing, oil extraction, and filtration which enhance production speed and accuracy, and resulting in higher yields and reduced production costs, are likely to create huge growth potential for the companies operating in the market.

Sesame Oil Market Report Highlights

  • Processed segment accounted for largest market share in 2022, mainly due to increased number of consumers opting for processed sesame oil due to its high content of vitamins and minerals
  • Food service segment held the majority market share in terms of revenue in 2022, owing to significant expansion of food service industry and surging number of restaurants and hotels globally
  • Online segment is expected to grow at healthy CAGR over the anticipated period, because of the rising internet penetration and growing prevalence among companies about establishing their strong online presence
  • Asia Pacific region dominated the market with substantial revenue share in 2022, on account of growing rate of urbanization and number of consumers seeking for healthier alternative to conventional oils
  • The global key market players include Nirlesh Foods, Tradin Organic Agriculture, Dipasa Europe, Unicorn Ingredients, Virdhara International, Shilon Farms, and Olam International

Polaris Market Research has segmented the sesame oil market report based on product type, end user, distribution channel, and region:

Sesame Oil, Product Type Outlook (Revenue - USD Billion, 2023 - 2032)

  • Processed
  • Virgin

Sesame Oil, End User Outlook (Revenue - USD Billion, 2023 - 2032)

  • Food Service
  • Food Processor
  • Retail

Sesame Oil, Distribution Channel Outlook (Revenue - USD Billion, 2023 - 2032)

  • Modern Trade
  • Franchise Outlets
  • Specialty Stores
  • Online
  • Others

Sesame Oil, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Sesame Oil Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 4.38 billion

Revenue forecast in 2032

USD 7.25 billion

CAGR

5.8% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Product Type, By End User, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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