What is Global Sesame Meal Market?
The Global Sesame Meal Market is a vast and dynamic sector that encompasses the production, distribution, 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. The market is driven by the increasing demand for healthier and more nutritious animal feed. The global market is characterized by the presence of several key players who are constantly innovating and investing in research and development to enhance the quality of their products. The market is also influenced by various factors such as changes in consumer preferences, fluctuations in raw material prices, and government regulations. The global sesame meal market is expected to grow significantly in the coming years due to the increasing awareness about the benefits of sesame meal in animal feed.
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 poultry and 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 in the production of low-protein animal feed and as a fertilizer in agriculture. The demand for high protein sesame meal is expected to increase in the coming years due to the growing demand for high-protein animal feed. The low protein segment is also expected to witness significant growth due to the increasing use of sesame meal as a natural and organic fertilizer.
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. In the feed industry, sesame meal is used as a high-protein ingredient in animal feed. It provides essential nutrients required for the growth and development of animals. In the fertilizer industry, sesame meal is used as a natural and organic fertilizer. It improves soil fertility and promotes plant growth. Other uses of sesame meal include its use in the food and beverage industry and in the production of biofuels. The feed segment dominates the market due to the increasing demand for high-protein animal feed. The fertilizer segment is also expected to witness significant growth due to the increasing use of organic and natural fertilizers.
Global Sesame Meal Market Outlook:
The global Sesame Meal market, valued at US$ 989 million in 2023, is projected to reach US$ 1202.7 million by 2030, growing at a CAGR of 2.8% during the forecast period 2024-2030. Key players in this market include Zhengkangoil, ASB Group, HL Agro, Suminter India Organics, and Hydrocolloids. Despite the presence of these major players, the market concentration rate is relatively low, with the top three players owning nearly 8% of the market shares. The primary application area for sesame meal is in feed, accounting for about 80% of its usage. This growth is driven by the increasing demand for healthier and more nutritious animal feed.
| Report Metric | Details |
| Report Name | Sesame Meal Market |
| Accounted market size in 2023 | US$ 989 million |
| Forecasted market size in 2030 | US$ 1202.7 million |
| CAGR | 2.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption 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 |
