Sesame Oil Market Prospects Pinpoint Higher Traction from Developed Nations during 2017-2022
Revenues from sales of sesame oil across the globe is estimated to exceed US$ 9,000 Mn in revenues by 2022-end.
[UKPRwire, Tue Apr 30 2019] The primary factor which is sustaining growth of the global market for sesame oil, is its utilization in various cuisines, Ayurveda, variety of massage oils, and beauty products. Owing to its nutritional value, adoption of sesame oil has gained an uptick among consumers, and power packed sesame oil has been gaining higher traction on the back of its benefits to human health. This report, published by Fact.MR, provides in-depth analysis of the global sesame oil market for the forecast period 2017-2022, and offers key insights about future market direction.
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Consumption of sesame oil has been facing a paradigm shift among consumers, gaining popularity across regions such as Asia, and North America. Governments across the globe are taking initiatives, considering allowing bulk sesame oil export, which in turn will support farmers who have been facing distress in selling their crops. The fear of low realization, associated with outcomes of sowing sesame seeds, has shifted the focus of governments in considering approval of sesame oil exports. These incidences will further influence growth of the sesame oil market across the globe.
The global market for sesame oil is projected to register an average single-digit CAGR during the forecast period (2017-2022). Global sales of sesame oil will surpass revenues worth US$ 9,000 Mn by 2022-end.
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.
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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