(Food-Beverage-News.Com, February 20, 2019 ) The global sesame oil market is anticipated to exhibit an average expansion throughout the forecast period 2017 to 2022. Sesame oil is witnessing an uptick in use for cooking purposes, coupled with its increasing utilization as an important ingredient in salad dressings, and margarine. Revenues from sales of sesame oil across the globe is estimated to exceed US$ 9,000 Mn in revenues by 2022-end.
A primary factor attributed to growth of the global sesame oil market is its utilization in various massage oils, beauty products, Ayurveda, and different cuisines. As compared to the number of essential oils available in the market, sesame oil has witnessed higher adoption among consumers, as it is the oldest form of edible oil that is known to humans. Excessive health benefits rendered by sesame oil owing to its nutritional value has sustained its demand across the globe. In addition, the power packed sesame oil has been proved beneficial for health, if it is consumed after consulting the doctor. Sesame oil has also deemed fruitful for health of hair and skin. On the back of these benefits, sesame oil production is expected to rise, which in turn will influence growth of the sesame oil market around the world.
Consumption of sesame oil has gained an uptick, owing to its utilization in various products along with food. A major factor sustaining growth of the sesame oil market across the globe, is use of sesame oil in different cuisines, beauty products, Ayurveda, and various massage oils. Adoption of sesame oil is comparatively higher than other essential oils, as it has been the oldest edible oil consumed by humans. On the back of its nutritional value, consumers are opting the sesame seed oil, and the power packed sesame seed oil is beneficial for the overall human health, provided its consumption post-consulting a doctor. Sesame oil is also well known for its benefits regarding health of hair and skin. Owing to its aforementioned benefits, production of sesame oil has been witnessing a hike over the past few years, which in turn will impact growth of the sesame oil market in the upcoming years.
Europe – Most Lucrative Region for Sesame Oil Market
In terms of revenues, Europe will remain the most lucrative region for the sesame oil market. Revenues from sales of sesame oil in Europe will account for over one-fourth share of the market during 2017 to 2022. Asia Pacific excluding Japan (APEJ) is estimated to be the second largest market for sesame oil by 2022-end.
Specialty stores will continue to witness the fastest expansion in sales of sesame oil, based on distribution channels. Modern trade will remain the largest distribution channel for sesame oil over the forecast period, with sales estimated to account for more than one-third share of the market, in terms of revenues, during 2017 to 2022.
By end-users, retail segment will continue to be the most lucrative in the global sesame oil market, with sales expected to exhibit the highest CAGR through 2022. Sales of sesame oil in food processor segment will continue to be sluggish throughout the forecast period.
Processed sesame oil are estimated to remain preferred among products in the market. Sales of processed sesame oil will account for nearly US$ 7,000 Mn revenues by 2022-end. Revenues from sales of processed sesame oil will account for approximately three-fourth share of the market during the forecast period.
Competition Tracking
Global leaders in the sesame oil market as profiled in Fact.MR’s report include The Adani Wilmar Ltd., Archer Daniels Midland Company, Marico Limited, Ruchi Soya Industries Limited, Cargill Inc., ConAgra Foods (Agrotech Foods Ltd), Fuji Oil Holdings Inc., Olympic Oils Limited, American Vegetable Oils, Inc., Adams Group Inc., Borges International Group S.L.U., Bunge Limited, and Associated British Foods plc.
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