The Organic Sesame Seed Market is estimated to be valued at US$ 630.5 Mn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Organic sesame seed is primarily used in various cuisines of Asia and Middle East. They are commonly used to add nutty and smoky flavors to dishes. Organic sesame seeds have a high oil content which makes them popular for making tahini paste and sesame oil. They are also used to make confectionery products such as halva and sesame snacks. With increasing awareness about health benefits of organic products, the demand for organic sesame seeds is growing in western countries as well.
Market Dynamics:
Growing awareness about dangers of consuming GMO and chemical-laden food products is driving many consumers towards organic and natural products. Additionally, millennials are more health conscious and willing to pay premium for organic offerings. This changing consumer behavior is benefitting organic sesame seed market. Moreover, sesame seeds contain essential nutrients like iron, magnesium and calcium. They are also a good source of plant-based protein and unsaturated fatty acids. Growing health conscious population is boosting the demand for nutrient-rich seeds like sesame.
Segment Analysis
Organic Sesame Seed Market Growth can be segmented into white sesame seeds and black sesame seeds. White sesame seeds dominate the market as they have a gentle nutty flavor and are more widely used in Asian cuisine. They are most commonly used to produce tahini paste and are popularly incorporated in hummus, halva, and Asian noodles and rice dishes.
PEST Analysis
Political: There is increasing government support for organic farming in many countries to promote sustainable agriculture.
Economic: The rising disposable incomes and health consciousness among consumers is driving the demand for healthier organic products.
Social: Changing lifestyle and eating habits along with increasing awareness about the benefits of organic products are positively impacting the organic sesame seed market.
Technological: Advancements in farming techniques and supply chain infrastructure have helped improve yields and distribution of organic sesame seeds.
Key Takeaways
The global Organic Sesame Seed Market is expected to witness high growth, exhibiting a CAGR of 8.7% over the forecast period owing to increasing health consciousness among consumers and rising popularity of tahini and hummus. Regionally, Asia Pacific dominates the market and is expected to grow the fastest during the forecast period due to the large production and consumption of sesame seeds in countries like India, China and Japan.
The Asia Pacific region accounts for around 60% of the global sesame seed production led by India, China and Myanmar. India is the largest producer and exporter of sesame seeds in the world. Changing dietary habits and growing awareness about the nutritional value of sesame seeds are driving the demand in the region.
Key players operating in the organic sesame seed market include Shyam Industries, Sresta Natural Bioproducts Pvt. Ltd., Raab Vitalfood GmbH, Sanmark, MANISH AGRO EXPORTS, Orienco, Wilbur-Ellis Company, Equal Exchange, Just Organik, Frontier Co-op, Sesajal S.A. de C.V., Connoils LLC, Divine Food, Selet Hulling PLC, Dipasa USA, Inc., McCormick & Company, Inc., ETICO, S.L. (e-TIC), SunOpta Inc., KTC Edibles, LLC., Hain Celestial. Major players are focusing on production expansion and new product launches to strengthen their market position.
Read More: https://www.rapidwebwire.com/organic-sesame-seed-market-growth/
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Shop online and get fast delivery to your home or office.sesame East Indian annual erect herb; source of sesame seed or benniseed and sesame oil More (Definitions, Synonyms, Translation)
