Apr 10, 2019

World - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights

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Jan 14, 2019

Global Sesame Oil Market: Rising Incomes in Asia To Promote Market Expansion

IndexBox has just published a new report "World - Sesame Oil - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report's key findings.

The global sesame oil market revenue amounted to $6.9B in 2017 (IndexBox estimate), flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, sesame oil consumption continues to indicate a strong increase. The growth pace was the most rapid in 2011, when the market value increased by 23% against the previous year. Global sesame oil consumption peaked of $7.2B in 2014; however, from 2015 to 2017, it fluctuated at lower levels.

Sesame oil is made from sesame (Sesamum indicum), an annual herb from the Pedaliaceae family. Sesame oil contains high levels of natural antioxidants called sesamol, sesamolin and sesamin oils. Sesamin is a lignin with anti-inflammatory properties, and contains vitamin E, which helps keep skin strong and supple. Meanwhile, sesamol has more than two dozen useful pharmacologically active properties, most of which work to improve cardiovascular health. Sesame oil is commonly used for cooking in Southeast Asian cuisines and it is also used as gourmet oil in salad dressings, for example. In addition, it is also used in cosmetics and in other health and wellness products. Its popularity is growing in Europe, where it is marketed as high-quality oil.

In 2017, approx. 1.6M tonnes of sesame oil were consumed worldwide; dropping by -2.3% against the previous year. Overall, the total consumption indicated a notable growth from 2007 to 2017: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sesame oil consumption decreased by -6.8% against 2015 indices. The most prominent rate of growth was recorded in 2014, with an increase of 14% against the previous year. Global sesame oil consumption peaked of 1.7M tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum. This decline was caused by weakened consumption in Asia ans Africa over the last two years on the backdrop of a slowdown in the economy and income growth.

Countries of South-Eastern Asia and Africa Constitute The Largest Sesame Oil Consumers Worldwide

The countries with the highest volumes of sesame oil consumption in 2017 were Tanzania (362K tonnes), Myanmar (333K tonnes), and China (249K tonnes), with a combined 58% share of global consumption. Mozambique, India, Sudan, Japan, South Korea, and Turkey lagged somewhat behind, together accounting for a further 25%.

From 2007 to 2017, the most notable rate of growth in terms of sesame oil consumption, amongst the main consuming countries, was attained by Mozambique (+42.8% per year), while the other global leaders experienced more modest paces of growth.

Global Sesame Oil Consumption Is Expected To Soften Its Growth

Consumer taste preferences, dietary habits and knowledge of properties and mode of use of sesame oil determine its choice between the other edible oil alternatives. Worldwide, the rates of growth in terms of sesame oil consumption and market trends vary significantly. Thus, in the U.S. and Europe, the current trend towards heathy eating and lifestyle, along with increasing incomes in developed countries promotes high-quality oil for cooking and for other food applications, shall buoy the market growth.

The expected positive global trend movement is also buoyed by the fact that the global population is increasing; rising household income figures and, as a result, affluence, particularly in countries such as China, Korea, Malaysia, is set to translate into the increased consumption of more manufactured goods containing sesame oil.

On the other hand, the growth of consumption has also softened over the last three years on the backdrop of a slowdown in the global economy. However, the above mentioned fundamental trends remain positive in terms of the market outlook, thereby buoying the market growth in the medium term.

As projected by IndexBox, the market is expected to start an upward consumption trend over the next decade, driven by increasing demand for sesame oil worldwide. However, market perfomance is forecast to decelerate against the previous decade, expanding with an anticipated CAGR of +2.2% for the period from 2017 to 2025, which is projected to bring the market volume to 1.9M tonnes by the end of 2025.

Do you want to know more about global sesame oil market? Get the latest trends and insight from our report. It includes a wide range of statistics on:

  • sesame oil market share
  • sesame oil prices
  • sesame oil industry
  • sesame oil sales
  • sesame oil import
  • sesame oil export
  • sesame oil market forecast
  • sesame oil price forecast
  • key sesame oil producers

All data provided in this article covers the following product: HS 151550 - Sesame Oil.

Source: IndexBox AI Platform

Product coverage:
• FCL 290 - Oil of Sesame Seed

This report provides an in-depth analysis of the global sesame oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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