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| Organic Sesame Seed Market Growth |
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 8.7% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Organic sesame seeds are rich in oil, protein and other health promoting nutrients.
They contain various essential fatty acids such as oleic acid, linoleic acid
and linolenic acid which help in lowering cholesterol levels and reducing risk
factors for heart diseases. Organic sesame seeds also contain phytosterols
which possess anti-oxidant properties. In addition, they are a good source of
minerals like calcium, magnesium, phosphorus, copper, manganese and iron; and
vitamins like vitamin B1, folate and vitamin E. The nutritional profile makes
organic sesame seeds beneficial for overall health and well-being. Moreover,
the mild nutty flavor of organic sesame seeds make them a versatile ingredient
for use in various food applications like bakery products, salads, dips and
spreads. Rising awareness about health benefits of organic and plant-based
foods is propelling the demand for organic sesame seeds globally.
Market key trends:
One of the key trends in the market is growing popularity of organic sesame
seeds among health-conscious consumers. The nutritious profile and numerous
health benefits are fueling consumption of organic sesame seeds as a superfood.
Additionally, increasing use of organic sesame seeds in fast-growing
plant-based food categories like vegan snacks, breads and desserts is
supporting the market growth. Manufacturers are developing wide variety of
organic sesame seed based products to cater to changing consumer preferences.
Furthermore, rising focus on sustainability and clean label products is
positively impacting the organic sesame seed market. Major brands are emphasizing
on sourcing of organic sesame seeds from assured sources in order to meet
requirements of health-conscious consumers.
Porter’s Analysis
Threat of new entrants: The Organic
Sesame Seed Market Growth has moderate threat of new entrants due to
established brand names of existing players and requires high initial
investment for processing and distribution facilities.
Bargaining power of buyers: The bargaining power of buyers is moderate due to
availability of substitute products. However, health conscious consumers prefer
organic sesame seeds.
Bargaining power of suppliers: The bargaining power of suppliers is low due to
availability of numerous sesame seed suppliers.
Threat of new substitutes: The threat of new substitutes is low as organic
sesame seeds have unique nutritional profile and health benefits that are not
easily substituted.
Competitive rivalry: The competitive rivalry in the market is high due to
presence of numerous local and international players.
Key Takeaways
The global organic sesame seed market is expected to witness high growth,
exhibiting CAGR of 8.7% over the
forecast period, due to increasing health consciousness among consumers. North
America represents the largest regional market for organic sesame seeds
attributable to rising awareness about nutritional benefits.
Regional analysis: Asia Pacific is expected to dominate the global organic
sesame seed market during the forecast period. This is attributed to the
massive sesame seed production in countries such as India, Myanmar and China.
According to estimates, India is the largest producer and exporter of sesame
seeds globally.
Key players operating in the organic sesame seed market are 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.
Read More: https://www.trendingwebwire.com/organic-sesame-seed-market-size/