Sesame Market Size Will Hit USD 8028 Million by 2026
According to the report, The global sesame market in 2019 was approximately USD 6800 Million. The market is expected to grow above a CAGR of 2.4% and is anticipated to reach over USD 8028 Million by 2026.
The sesame oil is a kind of vegetable oil. Its colour ranges from a pale yellow to amber coloured oil. It is derived from the sesame seeds obtained from the sesame plant. Cold-press methods or normal oil-refining methods are used for production of sesame oil from the seeds. The primary end use of sesame oil is in the household cooking, cosmetics and in multiple health and wellness products.
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The sesame market research report delivers an acute valuation and taxonomy of the sesame industry by practically splitting the market based on product, end-user, distribution channel, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the sesame industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the sesame industry is provided for the leading economies of the world.
The sesame market is segmented based on the product, end-user, distribution channel, and region. On the basis of the product, the market is classified into processed and virgin. On the basis of end-users, the market is bifurcated into food services, food processors, and retail. On the basis of distribution channel segmentation, the market is classified into modern trade, franchise outlets, specialty stores, and online.
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Some of the essential players operating in the sesame market, but not restricted to include Archer Daniels Midland Company, Ruchi Soya Industries Limited, The Adani Wilmar Ltd., Marico Limited, ConAgra Foods (Agrotech Foods Ltd), Olympic Oils Limited, Cargill Inc., American Vegetable Oils, Inc., Adams Group Inc., Fuji Oil Holdings Inc., Bunge Limited, Associated British Foods plc. and Borges International Group S.L.U.
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