by The global organic sesame seed market is a multibillion-dollar industry dominated by farming and processing companies worldwide. Organic sesame seeds are gaining popularity due to their nutritional value and various health benefits. They are a rich source of dietary fiber, vitamins, minerals, and plant-based proteins. Along with culinary uses like baking, seasonings, spreads, and oil production, sesame seeds are increasingly finding applications in nutraceuticals, cosmetics, and aromatherapy products.
The global organic sesame seed market is estimated to be valued at US$ 630.5 million 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 key trends: One of the key trends driving growth in the organic sesame seed market size is the rising health consciousness among consumers. There is a growing preference for organic and natural ingredients due to perceived nutritional and environmental benefits. Customers are paying more attention to product labels and ingredients lists while making purchasing decisions. The clean label trend is prompting brands to emphasise organic certification and remove artificial flavors, colors, and preservatives from their product formulations. This, in turn, is creating strong demand for organic raw materials like sesame seeds. Additionally, the versatile applications and increasing popularity of sesame oil for cooking is accelerating the adoption of organic sesame seeds globally.
Porter’s Analysis
Threat of new entrants: The threat of new entrants to the organic sesame seed market is moderate as substantial capital investment, specialized knowledge and established market relationships are required to operate successfully in this market.
Bargaining power of buyers: The bargaining power of buyers is moderate as organic sesame seed is commonly used in various industries including food and beverages, personal care and cosmetics.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as organic sesame seed is an agricultural commodity and is affected by weather conditions and supply fluctuations.
Threat of new substitutes: The threat of new substitutes is low as organic sesame seed has unique nutritional profile and there are limited substitutes.
Competitive rivalry: The competition in the organic sesame seed market is high between established players.
Key Takeaways
The global organic sesame seed market is expected to witness high growth. The global organic sesame seed market is estimated to be valued at US$ 630.5 million in 2023 and is expected to exhibit a CAGR of 1.5% over the forecast period 2023 to 2030.
Asia Pacific dominates the global organic sesame seed market and is expected to grow at a fastest pace during the forecast period. Countries like India, China, Myanmar are the major producers of organic sesame seed in the region. India is the largest producer and exporter of sesame seed globally.
The key players operating in the organic sesame seed market are Shyam Industries, Selet Hulling PLC, Dhaval Agri Exports, ETICO, Accura Group, SunOpta, Samruddhi Organic Farm (India) Pvt. Ltd and Sindan Organic. Key players are focusing on strategic partnerships and collaborations to expand their geographical presence in the organic sesame seed market.
