May 15, 2024
Organic Sesame Seed MarketOrganic Sesame Seed Market

Organic Sesame Seed Market Growth Driven By Rising Health Conscious Consumers

Organic sesame seeds are known for their numerous nutritional and therapeutic benefits. They are a great source of protein, calcium, iron, magnesium, phosphorus, zinc, dietary fiber, and essential fatty acids like oleic acid. These seeds are incorporated into various food products like tahini, halva, and bakery products to enhance their nutritional value. They are also used in traditional medicines owing to antioxidant and anti-inflammatory properties. The increasing awareness about the health advantages of organic sesame seeds among consumers is fueling the demand for organic variants. Moreover, the growing preference for organic and natural ingredients in food products is also driving the adoption of organic sesame seeds in the food industry.

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 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 in the organic sesame seed market is the widespread popularity of tahini. Tahini is a condiment or spread made from ground hulled sesame seeds. It is used as a basic ingredient in various Middle Eastern cuisines and cuisines influenced by Middle Eastern food. The increasing awareness about the versatile uses and nutritional benefits of tahini is fueling the demand for organic sesame seeds, which is a key ingredient for tahini production. Moreover, sesame seeds are increasingly used in bakery products like breads, buns, and cookies due to their neutral flavor and ability to add texture. The rising consumption of bakery products worldwide is augmenting the demand for organic sesame seeds.

Porter’s Analysis

Threat of new entrants: The organic sesame seed market has low threat of new entrants as it requires high capital investments and certifications for organic cultivation.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and presence of many suppliers in the market.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative sourcing options and demand from processing companies.
Threat of new substitutes: Threat of substitutes is low as organic sesame seeds have unique nutritional profile and applications in various industries.
Competitive rivalry: The market sees intense competition due to presence of numerous regional and global players.

Key Takeaways

The global Organic Sesame Seed Market Growth is expected to witness high growth. The demand is rising owing to health benefits of sesame seeds and growing preference for organic and natural ingredients among consumers.

Regional analysis:

Asia Pacific dominates the global market and is expected to grow at the fastest rate during the forecast period. Abundant availability of sesame seeds and presence of major producing countries like India, China, and Myanmar drive the market in the region.

Key players:

Key players operating in the organic sesame seed market are Shah Timber Industries, ETICO, Sesajal SA De CV, Conscious Food, Life Enrich Pvt. Ltd., and TAKEMOTO OIL & FAT Co., Ltd. Seed crop Solutions provides organic sesame seeds to food processors and manufacturers.