by 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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The organic sesame seed market consists of sales of organic sesame seeds and related products. Organic sesame seeds are grown using organic farming methods without application of synthetic fertilizers and pesticides. Organic sesame seeds are used in various applications such as bakery & confectionery, pet food, cosmetic, medicinal, and other food products. The organic sesame seed market is driven by increasing health and wellness trends among consumers worldwide. Organic sesame seeds are a rich source of various nutrients including iron, copper, calcium, manganese, magnesium, phosphorus, vitamin B1, selenium, molybdenum, zinc and dietary fiber.
Market Dynamics:
The organic sesame seed market is experiencing growth owing to increasing health and wellness trends among consumers. Organic sesame seeds are gaining popularity as they are a rich source of nutrition and contain no synthetic pesticides. Another driver fueling market growth is the rising demand for organic food products. Consumers are increasingly preferring organic and natural ingredients in food products due to rising health consciousness. Additionally, rapid urbanization coupled with rising disposable income levels in developing countries has increased the demand for premium and high-value products such as organic sesame seeds. Further, increased adoption of organic farming practices by farmers to fetch higher prices for output is supporting market expansion. However, high production and transportation costs associated with organic farming compared to conventional farming poses a challenge to market growth.
SWOT Analysis
Strength: Organic sesame seed has high nutritional value. It is rich in vitamins, minerals, antioxidants and calcium which makes it a superfood. Organic farming practices ensure no harmful pesticides or chemicals are used. There is growing consumer preference for organic and natural food products.
Weakness: Organic sesame seed has a higher production cost than conventional sesame. This makes organic sesame relatively more expensive. Maintaining soil quality and avoiding cross-contamination with non-organic seeds require strict adherence to certification standards.
Opportunity: Rising health consciousness is driving demand for organic and chemical-free food items. The market offers opportunity to premiumize sesame products and position it as a superfood. There is scope to increase organic sesame cultivation areas to keep up with growing demand.
Threats: Conventional sesame seeds are considerably cheaper substitutes. Supply chain issues and unfavorable weather conditions can potentially affect organic sesame production. Strict regulations and certification process add challenges for new entrants.
Key Takeaways
The global Organic Sesame Seed Market Growth is expected to witness high growth, exhibiting CAGR of 8.7% over the forecast period, due to increasing preference for chemical-free and nutritious food products. North America dominates the market currently owing to robust demand for organic goods. Europe is the second largest regional market for organic sesame seed driven by population health awareness. Asia Pacific is poised to be the fastest growing market in the coming years led by India, China and other Southeast Asian countries ramping up domestic cultivation of organic crops.
Regional analysis
North America accounts for over 35% share of the global organic sesame seed market currently. The U.S. is the dominant market in the region due to rising health consciousness and stringent food quality and safety regulations promoting organic farming. Europe holds approximately 30% market share led by countries like Germany, France and Italy where demand for chemical-free ingredients is high. Asia Pacific market is projected to witness fastest CAGR during the forecast period led by economic development, population growth and initiatives to boost organic agriculture in India, China, Indonesia and Thailand.
Key players
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., KTC Edibles, LLC., Hain Celestial. The companies are focusing on enhancing production,
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
