Sesame Oil Market To Reach $6.67 Billion By 2030 |CAGR: 5.8%

Sesame Oil Market Growth & Trends

The global sesame oil market size is estimated to reach USD 6.67 billion in 2030 and is anticipated to grow at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing consumption of sesame oil can be attributed to several interrelated factors that reflect both health trends and culinary preferences across the globe. One of the primary drivers is the growing awareness among consumers regarding the health benefits associated with sesame oil. Rich in antioxidants, vitamins, and healthy fats, including omega-3, omega-6, and omega-9, sesame oil is known for its potential to lower the risk of heart disease and improve overall health. This has made it a preferred choice for health-conscious individuals and those seeking to enhance their dietary habits.

Culinary popularity also plays a significant role in the rising demand for sesame oil. It is extensively used in Asian cuisines, particularly in countries like China, Japan, and India, where its unique nutty flavor enhances a variety of dishes. The globalization of food culture has led to an increased interest in Asian cuisines in Western countries, further boosting the demand for sesame oil. As more people experiment with these flavors and cooking techniques, sesame oil has found its way into kitchens around the world.

The influence of cultural and global trends cannot be overlooked in understanding the expansion of sesame oil consumption. The popularity of Korean and Chinese cuisines in Western countries has facilitated a broader acceptance and use of sesame oil beyond traditional Asian cooking. This cultural exchange has contributed to its global market expansion, making sesame oil a versatile ingredient in various culinary contexts.

The expansion of distribution channels has played a critical role in the growth of the global sesame oil market. Retailers, including supermarkets and hypermarkets, provide consumers with easy access to a wide variety of sesame oils. However, the growth of online sales has opened up new opportunities for sesame oil manufacturers to reach a broader audience. Online platforms not only provide convenience for consumers but also allow manufacturers to offer a wider range of products, including specialty and niche varieties that may not be available in physical stores.

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Sesame Oil Market Report Highlights

• Asia Pacific is expected to grow with a CAGR of 6.4% over the forecast period from 2024 to 2030. Economic growth in the Asia Pacific region has led to the expansion of the middle class and an increase in disposable incomes. This economic shift has resulted in greater spending on quality food products and ingredients, including premium oils like sesame oil. Consumers are more willing to invest in high-quality cooking oils that offer both health benefits and flavor, driving up demand in the region.

• Based on processing type, refined accounted for a market share of 80.2% in 2023. There is a rising interest in Asian cuisines worldwide, where sesame oil is commonly used for its flavor and cooking properties. Refined sesame oil is particularly popular in countries like China, Japan, Korea, and India. The globalization of food culture and the increasing availability of Asian ingredients in international markets have led to higher consumption of refined sesame oil.

• Based on distribution channel, sales through B2C channels such as hypermarkets & supermarkets, convenience stores, online, among others are expected to grow at a CAGR of 5.9% from 2024 to 2030. B2C channels often provide a wide range of sesame oil options, including different brands, types (refined, unrefined, organic), and price points. This variety allows consumers to choose the product that best fits their preferences, dietary needs, and budget. Additionally, B2C channels often offer different flavor profiles, such as toasted sesame oil, which can be used for specific culinary applications. 

Sesame Oil Market Segmentation

Grand View Research has segmented the global sesame oil market on the basis of processing type, application, distribution channel, and region:

Sesame Oil Processing Type Outlook (Revenue, USD Million, 2018 - 2030)

• Refined

• Unrefined

Sesame Oil Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage

• Cosmetics & Personal Care

• Pharmaceuticals

• Others

Sesame Oil Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• B2B

• B2C

  • Hypermarkets & Supermarkets

  • Convenience Stores

  • Online

  • Others

Sesame Oil Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa 

List of Key Players in the Sesame Oil Market

• Kadoya Sesame Mills Inc.

• Wilmar International Limited

• TAKEMOTO OIL & FAT CO., LTD.

• Borges International Group

• Henan Dingzhi Agricultural Processing Types Co., Ltd.

• V.V. Vanniyom Oil Industries

• Kevala International LLC

• La Tourangelle, Inc.

• Pansari Group

• Dipasa Group