July 24, 2024
Organic Sesame Seed Market

Organic Sesame Seed Market is Estimated To Witness High Growth Owing To Increasing Demand For Organic and Non-GMO Food Products

The 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.

The Organic Sesame Seed Market is a mature and established market with demand for organic sesame seed being driven primarily by the food and beverage industry. Organic sesame seed is gaining popularity for use in baked goods, processed snacks, salads and soups owing to its distinctive nutty flavor and high nutritional value. The rising health consciousness among consumers is driving the demand for organic and non-GMO food products which is contributing to the growth of the organic sesame seed market.

Market Overview:
Organic sesame seeds are obtained from sesame plants grown without synthetic pesticides, fertilizers or GMOs. They are a good source of protein, fiber, magnesium, copper, manganese, calcium and phosphorus. Organic sesame seeds offer health benefits such as reducing blood pressure and cholesterol levels. The rising demand for nutritious food products free from chemical residues is propelling the organic sesame seed market.

Market key trends:
One of the key trends propelling the organic sesame seed market is the increasing demand for organic and non-GMO food products. Consumers are increasingly preferring organic food owing to rising health concerns regarding the presence of pesticide residues and toxins in conventionally grown food. The growing popularity of veganism and plant-based diets is also contributing to the demand for organic sesame seeds which are a popular source of protein, vitamins and minerals for vegetarians and vegans. Organic sesame seed producers are innovating with new product offerings in different flavors and forms such as crunchy snacks, granola bars and salad dressings to appeal to modern consumer tastes.

Porter’s Analysis

Threat of new entrants: The Organic Sesame Seed Market Growth has moderate barriers for new entrants as setting up organic farming requires substantial investment and adherence to strict organic certification and standards.

Bargaining power of buyers: The bargaining power of buyers is moderate as buyers have many established organic sesame seed suppliers to choose from. However, quality concerns and pricing keep buyer power in check.

Bargaining power of suppliers: The bargaining power of suppliers is high as a few farmers groups control organic sesame seed supply. Suppliers can influence prices due to inelastic demand and supply concerns.

Threat of new substitutes: The threat from new substitutes is low as organic sesame seed has unique nutritional properties and flavor that are difficult to substitute.

Competitive rivalry: High as the organic sesame seed market is fragmented with many local and international brands competing on pricing and quality.

SWOT Analysis

Strength: High nutritional value of sesame seeds with antioxidants and health benefits. Growing demand for GMO-free and chemical-residue free organic food products.

Weakness: Labor intensive harvesting process increases production costs. Vulnerable to climate change impacting supplies.

Opportunity: Rising health-conscious population interested in medicinal properties of sesame. Significant room for market expansion in emerging countries.

Threats: Price volatility of raw materials impacted by weather conditions. Strong competition from conventional sesame substitutes.

Key Takeaways

The global organic sesame seed market is expected to witness high growth, exhibiting CAGR of 8.7% over the forecast period, due to increasing health consciousness among consumers. North America dominates the global organic sesame seed market currently owing to large health-supplement consuming population. However, Asia Pacific is expected to witness fastest growth due to rising disposable income and shift towards herbal medicine in counties like China and India.

Regional analysis: Asia Pacific is the fastest growing region for the organic sesame seed market driven by rising awareness about medicinal benefits in countries like India, China, and other Southeast Asian nations. South Korea, Japan and other East Asian countries also contribute to market growth due to traditional use of sesame in cuisine and medicine.

Key players related content: 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

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