Sesame seed is a traditional oilseed that contains various beneficial nutrients such as iron, copper, calcium, magnesium, phosphorous, vitamin B1, dietary fiber and protein. Organic sesame seed does not involve the use of any synthetic fertilizers, pesticides, herbicides or genetically modified organisms. The demand for organic products is increasing significantly owing to rising health consciousness among consumers. Organic sesame seed finds wide applications in bakery products, snack meals salads and others due to its richness in nutrition and taste.
The global Organic Sesame Seed Market is estimated to be valued at US$ 630.5 Mn in 2023 and is expected to exhibit a CAGR of 1.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The demand for organic sesame seeds is expected to witness high growth owing to growing opportunity in seeds application. Sesame seeds are one of most popular culinary ingredients used across the globe. The seeds find applications in various cuisines like oriental, Indian, Mexican etc. and have great demand from households, restaurants and food processing industry. The organic sesame seeds offer numerous nutritional benefits and are gaining traction for use in healthy snacks, bakery products and sweets. The rising applications of sesame seeds in food industry will continue to propel the demand for organic variants, thereby creating lucrative opportunity for players in organic sesame seed market over the forecast period.
Porter’s Analysis
Threat of new entrants: The Organic Sesame Seed Market Growth requires significant investment and possesses a reputation effect barrier. Bargaining power of buyers: The buyers such as food processors and retailers possess moderate bargaining power due to fragmented nature of the market. Bargaining power of suppliers: The global market is geographically fragmented among key producing countries such as India and Myanmar. Threat of new substitutes: Sesame seed has strong brand equity and there are limited alternatives available for its nutritional profile. Competitive rivalry: The market is moderately competitive with the presence of both small and large players globally.
SWOT Analysis
Strength: Organic sesame seeds are considered highly nutritious seeds and possess antioxidant properties essential for health. Weakness: Organic farming practices require high labour costs and there is lower yield compared to conventional methods. Certification processes also add to production expenses. Opportunity: Rising health consciousness is driving demand for organic and chemical-free food products globally. There is high potential in developed regions. Threats: Conventional sesame seeds are available at lower prices and offer similar functionality in end-use applications. Vulnerability to climate change risks and availability of farm labour are major threats.
Regional analysis related content: North America enjoys stable demand for organic sesame seeds driven by health trends. Europe is the second largest importer of organic sesame seeds. The demand is growing rapidly across Germany, UK, France and Italy. Certified organic farming is increasing in Africa and focus on export has boosted production.
Key players related content: Key players operating in the organic sesame seed market are SHYAM INDUSTRIES, SELET HULLING PLC, Dhaval Agri Exports, SHEEL BIHAR, SELET HULLING PLC.
For more insights, read- https://www.newsstatix.com/organic-sesame-seed-market-trends-size-and-share-analysis/
For more details on the report, Read- https://dailynewsmotion.weebly.com/report-blog/plant-based-meat-market-is-estimated-to-witness-high-growth-owing-to-opportunity
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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)
