Organic sesame seed is a nutrient-dense seed that is a good source of various minerals, vitamins, plant-based protein and healthy fats. Organic sesame seed is known to provide various health benefits such as promoting heart health, improving bone health, boosting immunity and reducing inflammation in the body. With rising health consciousness among individuals, the demand for organic and plant-based foods is increasing significantly. The growing preference for organic sesame seed over conventional sesame seed owing to absence of chemical pesticides and soil contaminants is propelling the global organic sesame seed market forward.
The global
organic sesame seed market is estimated to be valued at US$ 726.34 Mn in 2024 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 Opportunity:
The increasing demand for healthier food options represents a huge market
opportunity for organic sesame seed. With growing health awareness, more people
are shifting towards organic and plant-based diet in order to get optimum
nutrition and stay healthy. The growing vegan and flexitarian population is
further driving the demand for organic sesame seed as it is a popular
plant-based protein source. Organic sesame seed manufacturers can potentially
cater to the rising demand by offering innovative product offerings made from
organic sesame seed such as sesame seed butter, sesame seed bars etc.
Development of modern processing technologies can help tackle post-harvest
losses and improve the availability as well as affordability of organic sesame
seed. This will not only better address the increasing demand but also boost
profitability for manufacturers.
Porter’s Analysis
Threat of new entrants: The organic sesame seed market has moderate threat of
new entrants due to high capital requirements for processing and packaging
facilities.
Bargaining
power of buyers: Buyers have moderate bargaining power due to availability of
substitutes like conventional sesame seeds.
Bargaining
power of suppliers: Suppliers have moderate bargaining power due to
availability of alternative suppliers in the market.
Threat of
new substitutes: Threat from substitutes is low as organic sesame seeds have
distinct nutritional profile and health benefits compared to substitutes.
Competitive
rivalry: The market is highly competitive due to presence of numerous regional
and international players.
SWOT Analysis
Strength: Organic sesame seeds are nutrient dense and have higher nutritional
value than conventional seeds. They contain high quality protein and essential
fatty acids.
Weakness:
Higher production costs and stringent certification procedures make organic
sesame seeds more expensive than conventional variants. Supply chain challenges
can also affect consistent availability.
Opportunity:
Growing health and wellness trend is driving demand for organic and plant-based
foods. Rising veggie and vegan population offers potential for organic sesame
seeds.
Threats:
Conventional sesame seeds act as cheaper substitutes. Climate change and
unpredictable weather patterns can impact crop yield.
Key Takeaways
Global
Organic Sesame Seed Market Size is expected to witness high growth over
the forecast period. The global organic sesame seed market is estimated to be
valued at US$ 726.34 Mn in 2024 and is expected to exhibit a CAGR of 1.5% over the forecast period
2024 to 2031.
Regional
analysis: Asia Pacific dominates the market with major producing countries like
India and China. High consumption in regional cuisines drives the market.
Key players
operating in the organic sesame seed market are 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. The companies are focused on expanding their
product portfolio and strengthening global distribution networks.
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