by 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 8.7% over the forecast period from 2023 to 2030, according to a report by Coherent Market Insights.
Market Overview:
Organic sesame seeds are derived from sesame plants that are grown without the use of synthetic chemicals or genetically modified organisms. These seeds are rich in nutrients and are widely used as an ingredient in various food products, including oils, spreads, and baked goods. The demand for organic sesame seeds is driven by the increasing consumer preference for healthy and sustainable food choices.
Market Key Trends:
A key trend in the organic sesame seed market is the rising demand for plant-based protein alternatives. With the growing popularity of vegetarian and vegan diets, consumers are looking for plant-based sources of protein to meet their nutritional requirements. Organic sesame seeds are highly nutritious and contain essential amino acids, making them an attractive option for plant-based protein products. This trend presents significant opportunities for manufacturers in the organic sesame seed market to develop innovative products that cater to the increasing demand for plant-based protein alternatives.
Porter’s Analysis:
Threat of new entrants: The threat of new entrants in the Organic Sesame Seed Market is relatively low. This is due to the high entry barriers such as the need for substantial capital investment, strict regulations for organic certification, and established brand loyalty of existing players.
Bargaining power of buyers: The bargaining power of buyers in the organic sesame seed market is moderate. Buyers have the option to choose from a variety of suppliers and can negotiate prices, especially for larger volumes. However, limited suppliers and the increasing demand for organic sesame seeds give suppliers some leverage.
Bargaining power of suppliers: The bargaining power of suppliers in the organic sesame seed market is low. There are several suppliers available in the market, which creates competition among them. Additionally, buyers have the option to switch suppliers if they are not satisfied with the quality or price offered.
Threat of new substitutes: The threat of new substitutes in the organic sesame seed market is low. Sesame seeds have unique flavor and nutrient profiles, making them difficult to replace with other ingredients. Additionally, the growing consumer preference for organic and natural products further reduces the likelihood of substitution.
Competitive rivalry: The competitive rivalry in the organic sesame seed market is high. Several key players are operating in the market, leading to intense competition. These companies are constantly innovating and expanding their product offerings to capture a larger market share.
Key Takeaways:
The global organic sesame seed market is expected to witness high growth, with a projected CAGR of 8.7% from 2023 to 2030. This growth can be attributed to increasing consumer awareness about the health benefits of organic products and the rising demand for natural ingredients in the food industry.
In terms of regional analysis, Asia Pacific is expected to be the fastest growing and dominating region in the organic sesame seed market. This can be attributed to the traditional consumption of sesame seeds in Asian cuisines and the growing focus on organic farming practices in countries like India and China.
Key players operating in the organic sesame seed market include 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., and Hain Celestial. These key players are actively involved in product development, expansion strategies, and collaborations to maintain their competitive position in the market.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
