Sesame Oil Market

Sesame Oil Market Outlook (2024 to 2034)

Expanding at a CAGR of 5.9%, the global sesame oil market is projected to increase from a valuation of US$ 4.87 billion in 2024 to US$ 8.64 billion by 2034.

The market for sesame oil is driven by the availability of specialized fats, oils, and oil blends from top producers as well as the rise in the use of fortified edible oils among health-conscious customers. The product's health and skin advantages are also becoming more widely known, which is advantageous for market participants.

The rising popularity of natural and organic products among more consumers is raising the need for components like sesame oil. Edible oil producers in North America and Europe have lucrative opportunities thanks to the growing food and beverage and cosmetics industries in these two regions.

The market is expanding due to several factors, including growing consumer awareness of the benefits of consuming pure sesame oil and companies' increasing focus on finding product applications outside the food industry, such as in cosmetics and personal care products as well as in nutraceuticals. Furthermore, the market is benefitted from the rising number of government programs that assist sesame seed growers with tax breaks and subsidies as well as the growing trend of consumers choosing natural and organic goods. These factors are positively contributing to the overall sesame oil market growth.

The global market is growing at a steady pace due to the innovations taking place in packaging technologies that are improving the preservation and shelf life of sesame oil. Additionally, the use of cans or opaque bottles, which are resistant to light and oxygen, is increasing. These materials help to protect sesame oil from deterioration due to light and air exposure and are widely used to maintain the flavor and freshness of sesame oil.

For instance, in January 2023, SEIAW KASEI presented its new variety of 100% plant component raw material that is produced by upcycling sesame, which improves collagen synthesis and maintains skin moisturized. The recently created component is entirely plant-derived, biodegradable, devoid of preservatives, and NATRUE, COSMOS-approved.

Report Attributes	Details
Sesame Oil Market Size (2024E)	US$ 4.87 Billion
Forecasted Market Value (2034F)	US$ 8.64 Billion
Global Market Growth Rate (2024 to 2034)	5.9% CAGR
North America Market Value (2024E)	US$ 1.16 Billion
Mexico Market Value (2034F)	US$ 417.9 Million
Food Service Segment Growth Rate (2024 to 2034)	5.9% CAGR
United States Market Value (2034F)	US$ 957.6 Million
Key Companies Profiled	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.

Why is Sesame Oil Sales Growing So Rapidly?

“Providing Nutritional Value to Foods Making Sesame Oil a Desired Choice”

Because of its useful qualities, which include improving the nutritional value of regular meals and infant food items and offering the ideal texture and flavor, sesame oil has demonstrated its value in both the retail and industrial sectors. Sesame oil producers have been working hard to make their products better and provide more nourishment. Additionally, businesses are presenting fortified sesame oil to clients as a special offer because it enhances the oil's extra features.

Manufacturers of sesame oil are now selling specialty sesame oil that lowers blood cholesterol levels and is getting used in conjunction with avocados, chia seeds, and other natural components to lower the risk of heart disease. Such trends are attributed to the consumers' increasing concern for their health and desire for a healthy lifestyle. Additionally, fortification enhances the nutritional value, consistency, and sensory appeal of international cuisines.

The Centers for Disease Control and Prevention in the United States has shown that cardiovascular disease claims one life every 36 seconds. In addition, a heart attack occurs every 40 seconds. One of the main reasons for poor heart health is diabetes. Because of this, there is an increased demand for this oil, which is further leading to an increasing sesame oil market size.

“Helping in Providing Textures and Tastes in Food”

Salads are dressed with sesame oil to give them a distinct flavor and texture that enhances their visual appeal and taste. There is a significant demand for salad oils in the hospitality business because of the growing population of health-conscious customers who like salads with their meals. This is pushing hotels and restaurants to provide salads by making them look more enticing and healthy at the same time. Margarine, an inexpensive alternative to butter and other fat-soluble spreads, is made mostly of sesame oil. A common component in baked goods including pastries, cookies, and donuts is margarine.

The use of salad oils is increasing worldwide, and this trend is ascribed to growing populations and incomes in potentially high growth countries, as well as the rapidly growing food processing industries in Asia and other regions. Sesame oil is commonly utilized as a flavoring component in salad dressings, shortenings, and margarine varieties because of its distinct and strong flavor.

“Presence of High Antioxidant Making Sesame Oil Popular Among Health Conscious People”

Due to its high antioxidant content and health-promoting qualities, sesame is leading to a variety of uses in the nutraceutical industry. Hepatic mitochondrial and peroxisomal lipid oxidation rates are accelerated by sesamolin and sesamin chemicals found in sesame. It is thought that eating sesame seeds increases plasma gamma-tocopherol and vitamin E activity, which are linked to heart disease and cancer prevention.

A medicinal tool with nourishing, calming, and emollient properties is sesame oil. It serves as a solvent for injections given intramuscularly. In the past, this oil was used to cure toothaches and gum disease in China and anxiety and sleeplessness in India as an antibacterial mouthwash. Sesame oil is also known to decrease cholesterol because of its high polyunsaturated fat content. Sesame oil IV-1, a pharmaceutical oil of injectable quality that is used as an excipient and API for oil-soluble medications, is provided by Archer Daniels Midland.

What is Stopping the Market to Multiply its Sales?

“Instant Changes in Prices of Raw Materials Hampering Market Growth”

The price fluctuations of raw materials, especially sesame seeds, are a major impediment to the business. The climate plays a major role in the production of sesame seeds; any unfavorable weather occurrence is resulting in lower yields and higher pricing. Trade restrictions and geopolitical conflicts are having the potential to disrupt the global supply chain for sesame seeds, hence exacerbating price volatility. The volatility of raw material prices presents difficulties for manufacturers, who require assistance in preserving stable product prices. Higher manufacturing costs are resulting in increased prices of end products, which is reducing demand and impeding market expansion.

Country-wise Insights

More people eagerly want to buy food products with high nutritional value, which is making it quite easy for suppliers to expand their business lines around the world. Some of the major countries contributing to this market include the United States, China, Canada, and Mexico. The United States market is analyzed to capture a significant share of North America's sesame oil market share.

What Makes the United States an Opportune Market for Sesame Oil Producers?

“High Import Value and Growing Asian Population in the Country”

Attribute	United States
Market Value (2024E)	US$ 518.1 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 957.6 Million

The United States is one of the leading importers of sesame oil in the world at present and this is creating moneymaking opportunities for oil distributors and suppliers. The rapidly increasing Asian population in the United States is one of the prominent contributors to the rising sesame oil consumption in the country.

Surging demand for Asian foods and the accelerating popularity of different cuisines in the United States are also boosting sesame oil shipments. Growing consumption of nutraceuticals and increasing use of sesame ingredients in them are benefitting overall sesame oil market development in the country going forward.

Sesame oil is rich in healthy fats such as omega-3, omega-6, and omega-9 fatty acids that lower the risk of heart disease for consumers. The aforementioned factor makes sesame oil a highly preferred oil for people suffering from cardiovascular disorders, which are increasing in incidence in the United States

Why is China a Captivating Space for Sesame Oil Vendors?

“High Use of Toasted Sesame Oil in Cooking”

Attribute	China
Market Value (2024E)	US$ 533.6 Million
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 948.2 Million

Sesame oil is been an integral part of cuisines in China for centuries and this is what makes it a highly opportune market in the Asian region. China cuisine usually uses toasted sesame seed oil, which has a deeper and richer flavor profile as compared to untoasted oil. China sesame oil is widely used in sauces, marinades, and seasoning as it plays the role of flavor enhancer due to its smoky and nutty taste.

More people in China not only use sesame oil for flavor but also for its health benefits, which include lowering cholesterol and anti-inflammatory characteristics. Sesame seed oil has also traditionally been used to heal skin infections and promote good hair growth among people in China.

The aforementioned uses of sesame seed oil in China culture depict the deep-rooted rich history of sesame oil use in the country and also offer highly remunerative business potential for upcoming as well as established producers of sesame oil.

Category-wise Evaluation

Suppliers in the market are choosing to indulge with several end users to maximize their profits. On the other hand, they are also focusing on introducing new products including processed sesame oil and virgin sesame oil.

Which End Users are Accounting for Higher Market Revenue?

“Food Processors are Higher in Sales Revenue in the Sesame Oil Landscape”

Attribute	Food Processor
Segment Value (2024E)	US$ 2.11 Billion
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 3.94 Billion

The higher market revenue is primarily being accounted for by food processors in the sesame oil landscape. Their significant sales revenue indicates a strong demand for sesame oil within the food processing industry, driving higher market revenue. Food processors play a crucial role in leveraging the use of sesame oil in several food products, leading to increased market revenue and creating opportunities for further growth and expansion within the industry.

Which Sesame Oil is Demanded More Globally?

“Virgin Sesame Oil Leading to More Significant Share in the End Market”

Attribute	Virgin
Segment Value (2024E)	US$ 2.62 Billion
Growth Rate (2024 to 2034)	5.8% CAGR
Projected Value (2034F)	US$ 4.61 Billion

As for the product type allowing more sales for vendors, virgin sesame oil is leading to a more significant share in the end market. Vendors are experiencing increased sales and market share with virgin sesame oil, indicating a favorable demand for this particular product type. Its popularity and perceived value among consumers are contributing to its success in driving sales for vendors in the sesame oil market. The unique qualities and health benefits associated with virgin sesame oil position it as a preferred choice for consumers, thereby allowing vendors to capitalize on its sales potential and market dominance. As a result, the increasing preference for healthy food ingredients is attracting new sesame oil market trends.

Market Landscape

Key players in the sesame oil market are trying new tactics and launching new products to stay ahead of the competition. Some of these products include sesame seed extract.

• Toasted sesame oil was added to the list of restaurant-quality pantry staples offered by Chef David Chang's culinary brand, Momofuku, in May 2021. Pricing for the product's 2-Pack and Liquids Starter Pack packaging versions were US$ 25 and US$ 30, respectively.

Fact.MR provides detailed information about the price points of key players in the sesame oil market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Sesame Oil Market Research

• By End User :

  • Food Service
  • Food Processor
  • Retail

• By Product Type :

  • Processed
  • Virgin

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa