Organic Sesame Seed market is Estimated to Witness High Growth Owing to Increasing Health Conscious Consumers
Organic sesame seeds are known for their nutty flavour and high nutritional profile. They are a staple crop in many Asian countries and are widely used for culinary purposes in various cuisines. Sesame seeds are rich in calcium, magnesium, copper, manganese, phosphorus, iron, zinc and dietary fibre. They also contain high quality plant-based proteins and unsaturated fatty acids like oleic acid and linoleic acid. The global organic sesame seed market is primarily driven by the growing health and wellness trend around the world. Consumers are increasingly opting for organic and natural products to meet their nutritional needs. The COVID-19 pandemic has further accelerated this shift towards organic and immunity-boosting foods.
The global organic sesame seed market is estimated to be valued at US$ 726.34 Mn in 2023 and is expected to exhibit a CAGR of 1.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing health conscious consumer base is one of the major drivers propelling the growth of the organic sesame seed market. As mentioned earlier, organic sesame seeds are packed with various vitamins, minerals and antioxidants making them a superfood. Moreover, they also contain high quality plant-based proteins. With increasing incidence of lifestyle diseases and inadequate protein intake through regular diet, consumers are actively looking for protein-rich food options like sesame seeds. This growing demand for nutrition-rich organic products is expected to support the market growth over the forecast period. Additionally, expanding applications of sesame seeds in various end use industries like food and beverages, pharmaceuticals and personal care products will further aid market expansion during the projected timeframe.
SWOT Analysis
Strength: Organic sesame seed helps improves soil health and quality. It provides resistance to pests and diseases due to less use of chemicals. Organic sesame seeds are known to have a nutty flavor and higher nutrient content compared to conventional seeds.
Weakness: Organic farming requires more labor and time compared to conventional farming practices. They have lower per acre crop yields. High production costs can increase the price of organic sesame seeds.
Opportunity: Changing customer preferences towards organic and natural foods is driving the demand. Growth in food processing and cosmetic industries utilizing sesame seeds offers new opportunities. Organic farming can help tackle issues like soil degradation and climate change.
Threats: Conventional sesame seeds are available at lower prices which is a challenge. Pest attacks and changing weather patterns pose risks to crop yields. Stringent regulations and certification process for organic farming needs to be simplified.
Key Takeaways
Global Organic Sesame Seed Market Size is expected to witness high growth. The market size is projected to reach US$ 1,244.43 Mn by 2031 from US$ 726.34 Mn in 2024, growing at a CAGR of 1.5% during the forecast period. India is the largest producer and exporter of sesame seeds globally. It accounts for around 60% of the global production. Other major producers include China, Myanmar, Sudan, Nigeria and Ethiopia.
Regional analysis related content comprises
Asia Pacific dominates the global organic sesame seed market and is expected to grow at the fastest rate during the forecast period. This is attributed to growing health-conscious consumers, increasing disposable income, and large production of sesame in countries like India and China. North America and Europe also offer promising growth opportunities owing to rising awareness about benefits of organic foods.
Key players related content comprises
Key players operating in the organic sesame seed market include Unilever, Conagra Brands, Bunge Limited, Wilmar International Ltd., Upfield Holdings BV, Cargill, Incorporated, Archer Daniels Midland Company (ADM), Fuji Oil Co., Ltd., Richardson International Limited, Dairy Farmers of America, AAK AB, NMGK Group, Puratos Group, Kerry Group, Vandemoortele. Major players are focused on partnerships, new product launches and geographical expansion to strengthen their market presence.
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