QYR Research Report Market Survey and Research Industry Analysis
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Sesame oil is derived from a plant species called Sesamum indicum, which is an herbaceous annual belonging to the Pedaliaceae family that reaches about 6 ft (1.8 m) in height. In modern times, sesame has been embraced by Western herbalists for a variety of therapeutic purposes. The oil is also used in cooking and as an ingredient in margarine and salad dressings as well as in certain cosmetics and skin softening products. Native to Asia and Africa, sesame is primarily cultivated in India, China, etc. qyresearchglobal.com
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In the western world sesame is primarily used as a confectionary. The seed is dehulled and placed on top of buns and breads. Increasingly, the seeds are incorporated into crackers, food products and items such as sesame sticks. Even though the price of sesame oil is 3 times higher than most oils, there is an increasing amount of sesame consumed. Some of sesame oil is used in cooking and is commonly used in Chinese and Japanese restaurants in the United States. Sesame oil is further refined and used extensively in cosmetics. In looking at labels, particularly on facial crèmes, sesame oil is one of the ingredients.
According to QYResearch, Compared with the market size of sesame oil in China, Japan, India and some other eastern countries, the market of sesame oil in United States is smaller. In 2016, the United States consumed about 9.6 thousand tonnes of sesame oil, which brought about revenue of 58 Million USD. And the sales volume of sesame oil in United States is forecasted to reach about 11 thousand tonnes by the end of 2021. Worldwide, Japan is the largest exporter of sesame oil, though Japan is far from a large producer of sesame. Japanese sesame oil has a global reputation for quality, and United States is the largest market for Japanese sesame oil.
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The product average price increased in the past few years due to the material cost, and the average price will keep the trend in the few future years due to the price of raw material constantly increased.
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