July 18, 2024

Organic Sesame Seed Market Driven By Rising Health Consciousness Among Consumers

The global organic sesame seed market caters to the increasingly popular plant-based protein trend as consumers seek sustainable and nutrient-dense food options. Organic sesame seeds are a good source of various vitamins, minerals, and fiber. They are typically consumed as a seasoning oringredient in snacks, breads, and sauces due to their nutty flavor. The seeds also contain high-quality protein and essential fatty acids that promote heart and digestive health. With growing demand for organic and non-GMO ingredients, major food brands have started utilizingorganic sesame seeds in their product formulations.

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 key trends:

One of the key trends in the organic sesame seed market is the rising popularity of tahini, a thick paste made from ground sesame seeds. Tahini is featured in various Mediterranean dishes and is a staple in Middle Eastern cuisines. It adds a rich texture and flavor to hummus, halva, and baba ghanoush. With growing exposure to global cuisines, consumers in Western countries are also incorporating tahini into their diets for its numerous nutritional benefits. Furthermore, sesame seed oil is widely used in Asia for cooking and as a massage oil due to its anti-inflammatory and skin moisturizing properties. The growing wellness industry has led many consumers to use organic black sesame oil for aromatherapy. Manufacturers are undertaking initiatives to create innovative product formats like ready-to-eat bars containing crushed sesame seeds to drive the market growth.

Porter’s Analysis

Threat of new entrants: Low threat as it requires large capital investment for farming, processing and distribution. Organic certification also requires compliance to strict regulatory norms.

Bargaining power of buyers: Moderate bargaining power as key players dominate the supply. However, buyers can negotiate on price due to availability of substitutes.

Bargaining power of suppliers: High bargaining power as a few farmers supply organic sesames. Suppliers can influence prices due to limited global production of organic varieties.

Threat of new substitutes: Moderate threat from other oilseeds and nuts that offer similar health benefits. However, sesame retains popularity for its taste and versatile applications in various cuisine.

Competitive rivalry: Intense competition among key players to dominate market share and expand globally. Companies compete on quality, taste, reliability of supply and promotional offers.

Key Takeaways

The global Organic Sesame Seed Market Trend is expected to witness high growth. North America dominates the market currently due to rising health awareness. However, Asia Pacific is expected to emerge as the fastest growing market due to an increasing vegan population in countries like India and China. Countries like Ethiopia, India and Mexico have ideal weather and soil to produce substantial surplus for export. Favourable government policies and free trade agreements help these nations to dominate global exports.

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. and KTC Edibles, LLC., Hain Celestial. Wilbur-Ellis Company and Equal Exchange focus on global distribution to strengthen their presence. New product launches catering to vegan and gluten free demographics will further aid growth.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it