What is Global Sesame Meal Market?
The Global Sesame Meal Market is a comprehensive study of the current trends, growth indicators, and market dynamics that revolve around the production and consumption of sesame meal worldwide. Sesame meal, a by-product of sesame oil extraction, is a high-protein feed used in the poultry and livestock industry. It is also used as a fertilizer in agriculture due to its rich nutrient content. The market for sesame meal is influenced by various factors such as the demand for high-protein feed, the growth of the livestock industry, and the increasing awareness about the benefits of organic fertilizers. However, the market also faces challenges such as fluctuating prices of sesame seeds and the availability of alternative feed options. Despite these challenges, the global sesame meal market continues to grow, driven by the increasing demand for healthy and nutritious feed options for livestock.
High Protein (above 45%), Low Protein (45% and below) in the Global Sesame Meal Market:
The Global Sesame Meal Market is segmented based on protein content into High Protein (above 45%) and Low Protein (45% and below). High Protein sesame meal is preferred in the livestock industry as it provides essential nutrients required for the growth and development of animals. On the other hand, Low Protein sesame meal is used as a cost-effective feed option, especially in developing countries where the cost of feed is a significant concern for farmers. The demand for both types of sesame meal is influenced by factors such as the growth of the livestock industry, the availability of alternative feed options, and the price of sesame seeds. Despite these challenges, the market for both High Protein and Low Protein sesame meal continues to grow, driven by the increasing demand for cost-effective and nutritious feed options.
Feed, Fertilizer, Others in the Global Sesame Meal Market:
The Global Sesame Meal Market finds its usage in various areas such as Feed, Fertilizer, and Others. As a feed, sesame meal is used in the poultry and livestock industry due to its high protein content and nutritional value. As a fertilizer, it is used in agriculture due to its rich nutrient content which helps in improving soil fertility and crop yield. Other uses of sesame meal include its use in the food industry as a flavor enhancer and in the pharmaceutical industry due to its medicinal properties. The demand for sesame meal in these areas is influenced by factors such as the growth of the respective industries, the availability of alternative options, and the awareness about the benefits of sesame meal. Despite these challenges, the market for sesame meal in these areas continues to grow, driven by the increasing demand for healthy and nutritious options.
Global Sesame Meal Market Outlook:
The global Sesame Meal market, valued at US$ 989 million in 2022, is projected to reach US$ 1202.7 million by 2029, growing at a CAGR of 2.8% during the forecast period 2023-2029. The market is characterized by the presence of key players such as Zhengkangoil, ASB Group, HL Agro, Suminter India Organics, Hydrocolloids, etc. Despite the low concentration rate, with the top 3 players owning nearly 8% shares, the market continues to grow. The primary application area for sesame meal is feed, accounting for about 80% of the total market share. The growth of the market is driven by the increasing demand for high-protein feed in the livestock industry and the growing awareness about the benefits of organic fertilizers in agriculture. Despite the challenges such as fluctuating prices of sesame seeds and the availability of alternative feed options, the market continues to grow, driven by the increasing demand for healthy and nutritious feed options.
| Report Metric | Details |
| Report Name | Sesame Meal Market |
| Accounted market size in 2023 | US$ 1019.1 million |
| Forecasted market size in 2029 | US$ 1202.7 million |
| CAGR | 2.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Zhengkangoil, ASB Group, HL Agro, Suminter India Organics, Hydrocolloids, Wilmar International, Takemoto Oil & Fat Co, Greenery Craft Co, San Mu Shih Ye Co, Anhui Yanzhuang, Jiaozuo Lierda, Royal Flour Mills, Allalkathi |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
