There exist a wide variety of edible oils in the market, including sunflower oil, groundnut oil, olive oil and avocado oil. Another oil that can be used for cooking is sesame oil. As a widely used cooking oil in Japanese and Chinese cuisines, sesame oil is obtained from raw or toasted sesame seeds. Sesame oil from raw sesame seeds carry light color and have delicate flavor. Sesame oil obtained from toasted sesame seeds, in contrast, carry dark color and taste nuttier.
Sesame oil is commonly used to make saute meats and vegetables. Also, it’s added to marinades and dressings. Rising consumer awareness about the potential health benefits of consuming sesame oil and growing emphasis on exploring its different applications are expected to have a favorable impact on the sesame oil market size.
Potential Health Benefits of Consuming Sesame Oil
Sesame oil has many effective properties, meaning it might help with various health conditions. Below are some of the potential health benefits of consuming sesame oil:
May act as an anti-oxidant: Oxidative stress in the body might result in the development of various chronic conditions such as cancer and heart diseases. Sesame oil consists of natural antioxidants like sesamin and vitamin E that may reduce oxidative stress.
May help with skin problems: Studies have shown that sesame oil help with healing skin burns. Also, sesame oil’s good emollient properties means it also good for massages. Furthermore, the natural anti-bacterial properties of sesame oil can help in getting rid of bacteria that might result in skin infections.
May help with stomach problems: Consuming sesame oil can facilitate bowel movement and lubricate the intestine. Also, it can nourish good bacteria in the intestine. As such, it may help in avoiding constipation and other stomach-related issues.
Growth Drivers
Rising culinary exploration: The growing trend of globalization and rising popularity of ethnic cuisines worldwide are impacting the sesame oil market sales favorably. As more and more people continue exploring different cuisines, the use of sesame oil in non-traditional dishes has gained significant traction over the past few years.
Growing emphasis on product differentiation: Several sesame oil market key players are looking for opportunities that can help them cater to various niche markets and end consumers. The introduction of unique flavor variants and other value-added products, which can help companies gain a competitive edge, are creating lucrative growth opportunities for the market.
Uses of Sesame Oil
Sesame oil has a wide range of applications. Below we’ve listed some of them:
- Sesame oil from raw sesame seeds is used for frying.
- Sesame oil obtained from toasted seeds is usually used as a flavoring agent.
- In some cultures, sesame oil is used when performing rituals.
- Sesame oil also have industrial uses, including injected drugs solvent, cosmetic carrier oil and coating for stored grains.
Processed Segment Accounted for the Largest Market Share in 2022
The processed segment is largely driven by rising awareness regarding the potential health benefits of consuming sesame oil. Besides, the rising popularity of Asian cuisines such as Korean, Indian and Japanese across the globe has boosted the demand for sesame oil that’s widely used to prepare these cuisines. As a result, the processed segment held the highest market share in 2022.
Food Service Segment Held a Significant Market Share
By end-user sesame oil market segmentation, the food service segment accounted for the maximum market revenue share in 2022. This is largely due to the rising number of food service facilities and shifting consumer preference towards sesame oil as a healthy alternative to other edible oils. In addition, the exponential rise of food delivery services such as Grubhub and Uber Eats has resulted in an increasing number of food joints using sesame oil to enhance flavor of dishes.
Recent Developments
In January 2022, Japanese brewing and distilling company Suntory announced that it is expanding its portfolio for brain and heart health by launching two new products: DHA & EPA + Sesamin and Sesamin EX. Both these products include sesame, an antioxidant of sesame seeds.
Enhancing Flavors
The sesame oil market was valued at USD 4.15 billion in 2022 and is expected to grow to USD 7.25 billion at a CAGR of 5.8% by 2032. Rising consumer awareness regarding sesame oil consumption and introduction of supportive government initiatives are some of the major factors propelling the market forward.