Sesame Oil Price Trend

Sesame Oil Prices December 2023

In the fourth quarter of 2023, the price of sesame oil in the United States reached 6317 USD/MT.
Similarly, in China, the sesame oil prices hit 5546 USD/MT in December 2023.
Germany also saw sesame oil prices reaching 6628 USD/MT during December 2023.

Sesame Oil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sesame Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sesame oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sesame oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sesame oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sesame oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sesame Oil Market Analysis

The global sesame oil market size reached 1.42 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 1.662 Million Tons, at a projected CAGR of 1.80% during 2023-2032.

• The increasing popularity of sesame oil among the masses for reducing inflammation and improving heart health which is due to its fatty acids, antioxidants, and vitamins acts as a significant driver for the market. Growing awareness regarding the health benefits of using sesame oil among consumers is propelling its demand in culinary and therapeutic uses.
• The growing consciousness and concerns about health and synthetic additives are accelerating consumer inclination toward natural and organic products, such as sesame oil. Therefore, the escalating product demand as a healthy cooking oil and as an ingredient in a host of natural health products is favoring the market.
• Significant growth in the food and beverage sector is fueling the demand for a wide array of quality oils, including sesame oil. Additionally, the rising use of the oil for flavor profiling creates one of the preferred usages across various cuisines, further escalating its market demand.
• Growing interest in Asian cuisine across the globe is also providing an impetus to the market as sesame oil is extensively used in the preparation of a wide range of Asian food. This trend is enhancing sesame oil usage in restaurants and accelerating its sales at retail as consumers attempt to recreate Asian dishes at home.
• The growing utilization of the oil in cosmetics and personal care products due to its moisturizing and anti-aging properties is driving the market. Concurrently, the rising product demand for the formulation of natural beauty products is also fueling the market growth.
• The advent of commerce platforms is making it accessible and convenient to a large consumer base, which is further creating a positive market outlook.
• Extraction and production technologies are developed for better yield and quality of sesame oil. These developments make high-quality sesame oil more accessible at an affordable cost.
• Rising acceptance of sustainable and organic farming as a selling point among sesame oil producers is significantly supporting the market. In addition, the increasing consumers' preference for eco-friendly products is encouraging producers to adopt sustainable methods, further fueling the product demand.
• The inflating disposable income levels of the consumers and rapid urbanization are driving the demand for premium and specialty food products, including sesame oil.

Sesame Oil News

The report covers the latest developments, updates, and trends impacting the global sesame oil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sesame oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sesame oil price trend.

Latest developments in the sesame oil industry:

• August 16, 2023: A new national Sesame Central Research and Innovation Hub is launched at the Central Queensland Innovation and Research Precinct (CQIRP) based at CQUniversity in Rockhampton. Sesame Central is a collaboration between AgriFutures Australia, the Cooperative Centre for Developing Northern Australia (CRCNA) and CQU.

Product Description

Sesame oil is an oil that is derived from sesame seeds. It is known as one of the oils with the maximum versatility due to its telomerase supplement benefits and advantages. This oil has a yellowish tint to it, and it forms an integral constituent of Asian cuisine and Ayurvedic medicine. It is also rich in vitamin E, which benefits skin health by improving elasticity and counteracting the signs of aging. It is also helpful in reducing joint pains and inflammatory skin disorders including eczema through its anti-inflammatory properties present in the oil.

Along with this, its high antioxidants reduce heart disease and inflammation while its healthy fats improve blood pressure. In addition, it improves metabolic function and lowers the risks of developing chronic diseases. Apart from this, its antimicrobial properties also have uses for oil pulling and other oral practices.

Regional Coverage

The report provides a detailed analysis of the sesame oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sesame oil price trend. 

Global Sesame Oil Price

The report offers a holistic view of the global sesame oil pricing trends in the form of sesame oil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sesame oil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sesame oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sesame Oil Price

European sesame oil prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed sesame oil price information for a comprehensive list of countries.

North America Sesame Oil Price

The analysis of sesame oil prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific sesame oil historical data within the United States and Canada can also be provided.

Middle East and Africa Sesame Oil Price

The report explores the sesame oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sesame oil prices for countries can also be provided.

Asia Pacific Sesame Oil Price

The sesame oil pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This sesame oil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sesame Oil Price

The analysis of sesame oil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sesame oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sesame oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sesame oil price charts ensure our clients remain at the forefront of the industry.