September 20, 2022 21:30 ET | Source: Persistence Market Research Persistence Market Research

New York, New York, UNITED STATES

New York, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Global consumption of sesame oil is pegged at 1,228,044 tons in 2022 and is expected to increase at a CAGR of 5.6% to reach 2,108,016 tons by 2032. The market has grown significantly in recent years and this trend is likely to continue over the forecast period of 2022-2032 as well.

Sesame oil is mostly used to dress salads and give them a specific flavor and consistency, making them more delicious and increasing their aesthetic appeal. Increasing number of health-conscious consumers who prefer salads with their meals has encouraged hotels and restaurants to serve salads by making them seem more appealing and nutritious at the same time, resulting in huge demand for salad oils in the hospitality industry. Sesame oil is widely used in margarine, which is a cheap substitute for butter and other fat-soluble spreads. Margarine is widely utilized as an ingredient in bakery products such as pastries, cookies, and doughnuts.

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Global increase in the consumption of salad oils is attributed to rising income and population in developing nations, as well as fast expanding food processing companies in Asia and other developing areas. Due to the strong and distinct flavor of sesame oil, it is used as a flavoring agent in the formulation of salad dressings, shortening, and various kinds of margarine.

Key Takeaways from Market Study

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“Increasing foodservice industry penetration in developing countries such as India, China, and others is a potential growth factor for the sesame oil market. Sesame oil is estimated to witness high demand in the hospitality and institutional catering sectors,” says a Persistence Market Research Analyst.

Manufacturers of sesame oil are investing in research and development and increasing their footprints across the world. They are also trying to increase the application of the product in various industries and increase its effectiveness with high convenience for customers and survive the cut-throat competition.

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Persistence Market Research, in its new report, offers an impartial analysis of the global sesame oil market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights on the basis of nature (organic, conventional), source (white sesame seeds, black sesame seeds, brown sesame seeds), type (cold pressed sesame oil, refined sesame oil), end use (food processing industry, foodservice industry, pharmaceuticals/nutraceuticals, cosmetics & personal care, retail/household), and distribution channel (business to business, business to consumer), across six major regions of the world.

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