Organic Sesame Seed Market is Estimated to Witness High Growth Owing to Increasing Demand for Health

Author : CMI Blogging | Published On : 02 Feb 2024

Organic sesame seed is a nutrient-dense seed that is a good source of various minerals, vitamins, plant-based protein and healthy fats. Organic sesame seed is known to provide various health benefits such as promoting heart health, improving bone health, boosting immunity and reducing inflammation in the body. With rising health consciousness among individuals, the demand for organic and plant-based foods is increasing significantly. The growing preference for organic sesame seed over conventional sesame seed owing to absence of chemical pesticides and soil contaminants is propelling the global organic sesame seed market forward.

Market Opportunity:

The increasing demand for healthier food options represents a huge market opportunity for organic sesame seed. With growing health awareness, more people are shifting towards organic and plant-based diet in order to get optimum nutrition and stay healthy. The growing vegan and flexitarian population is further driving the demand for organic sesame seed as it is a popular plant-based protein source. Organic sesame seed manufacturers can potentially cater to the rising demand by offering innovative product offerings made from organic sesame seed such as sesame seed butter, sesame seed bars etc. Development of modern processing technologies can help tackle post-harvest losses and improve the availability as well as affordability of organic sesame seed. This will not only better address the increasing demand but also boost profitability for manufacturers.

Porter’s Analysis
Threat of new entrants: The organic sesame seed market has moderate threat of new entrants due to high capital requirements for processing and packaging facilities.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes like conventional sesame seeds.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative suppliers in the market.

Threat of new substitutes: Threat from substitutes is low as organic sesame seeds have distinct nutritional profile and health benefits compared to substitutes.

Competitive rivalry: The market is highly competitive due to presence of numerous regional and international players.

SWOT Analysis
Strength: Organic sesame seeds are nutrient dense and have higher nutritional value than conventional seeds. They contain high quality protein and essential fatty acids.

Weakness: Higher production costs and stringent certification procedures make organic sesame seeds more expensive than conventional variants. Supply chain challenges can also affect consistent availability.

Opportunity: Growing health and wellness trend is driving demand for organic and plant-based foods. Rising veggie and vegan population offers potential for organic sesame seeds.

Threats: Conventional sesame seeds act as cheaper substitutes. Climate change and unpredictable weather patterns can impact crop yield.

Key Takeaways
Global Organic Sesame Seed Market Size is expected to witness high growth over the forecast period. The global organic sesame seed market is estimated to be valued at US$ 726.34 Mn in 2024 and is expected to exhibit a CAGR of 1.5% over the forecast period 2024 to 2031.

Regional analysis: Asia Pacific dominates the market with major producing countries like India and China. High consumption in regional cuisines drives the market.

Key players operating in the organic sesame seed market are Unilever, Conagra Brands, Bunge Limited, Wilmar International Ltd., Upfield Holdings BV, Cargill, Incorporated, Archer Daniels Midland Company (ADM), Fuji Oil Co., Ltd. ,Richardson International Limited, Dairy Farmers of America, AAK AB, NMGK Group, Puratos Group, Kerry Group, Vandemoortele. The companies are focused on expanding their product portfolio and strengthening global distribution networks.

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