Sesame seeds are tiny seeds that come from the sesame plant. Organic sesame seeds are grown without the use of synthetic pesticides, herbicides or fertilizers. Sesame seeds are notable for their slight nutty flavor and high nutritional value. They are a good source of many vitamins, minerals, fiber and proteins. Sesame seeds and their oil have been linked to several health benefits such as improved heart health, digestive health, bone health and more.
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 Opportunity:
Greater consumer awareness on health benefits of organic sesame seeds has opened up opportunities for market players. With growing health consciousness, people are increasingly demanding organic and nutritious ingredients for their diets. Researches have shown that sesame seeds provide various health advantages due to the presence of lignans, antioxidants, minerals and proteins. Regular consumption of organic sesame seeds can lead to improved heart health, bone health, digestive health among others. Market players can tap into this growing consumer demand by promoting organic sesame seeds and their health benefits through effective marketing campaigns. This will help boost sales volumes and drive the overall market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The organic sesame seed market size has low threat from new entrants as it requires huge investments. Established players dominate the market.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players offering substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to their specialized skills and established relationships with buyers.
Threat of new substitutes: The threat from substitutes like conventional sesame seed is moderate as organic sesame offers health benefits.
Competitive rivalry: The market has high competitive rivalry due to many global and regional players competing on pricing and quality.
SWOT Analysis
Strength: Organic sesame seed offer various health benefits compared to conventional. Established distribution channels of key players.
Weakness: Organic farming practices increase production costs. Market heavily dependent on climate and crop yields.
Opportunity: Growing health conscious population driving demand. Increasing use in pharmaceutical and food processing industries.
Threats: Conventional sesame seed pose pricing pressure. Political and economic instability affects agriculture.
Key Takeaways
The global organic sesame seed market is expected to witness high growth. The global Organic Sesame Seed Market is estimated to be valued at US$ 630.5 Mn in 2024 and is expected to exhibit a CAGR of 1.5% over the forecast period 2023 to 2030.
The Asia Pacific region dominates the market with India and China being the major producers and consumers. North America is expected to be the fastest growing region owing to rising demand for organic and plant-based food products.
Key players related content Uttam Sesamum, Sethia Oils, Kapaseeds, Mukund Oil Mills, Emami Agro, and Bishnoi Trading Corporation. Key players operating in the organic sesame seed market are Uttam Sesamum, Sethia Oils, Kapaseeds, Mukund Oil Mills, Emami Agro, and Bishnoi Trading Corporation.
Get more insights on this topic: https://www.trendingwebwire.com/organic-sesame-seed-market-size-and-opportunity-analysis-2023-2030/
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The global Organic Seed Market estimated to develop at a substantial CAGR for the duration of the prediction.
Growing per head earnings and growing market infiltration are the most important issues those estimated to help the organic seed market mainly in the developing nations of Central & South America and Asia Pacific.
Greater prices of organic seed are expected to act as the most important restriction for the development of the organic seed market.
Absence of consciousness, greater gap between demand and source and poorer alertness about organic food produces are additional tasks tackled by the companies operating in the market.
It expected to affect adversely, on the provincial along with international organic seed market above the following years.
