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Global Sesame Seeds Market Report

by with No Comment Sesame seeds

According to Market Square Insights’ analysis, the global market for sesame seeds is expected to grow at a CAGR of 2.38% from 2022 to 2029 and reach USD 8,146.11 million.

The driving factors of the sesame seeds market:

• Rising demand for sesame seeds due to the popularity of ethnic cuisine and the rising need for natural and healthful food items in a variety of food applications, such as bakery, confectionery, snacks, and oils.

• An increase in consumer health consciousness as people become more aware of the potential health advantages of products like sesame seeds, which they view as a rich source of fiber, protein, and minerals.

• Growing sesame seed consumption in Asia Pacific nations like China, India, and Japan as a result of their culinary heritage and culture, which has resulted in the region holding a significant market share of the world’s sesame seed market.

• A rise in the use of sesame-based products and ingredients by food producers and processors, who are becoming more aware of the adaptability and usefulness of sesame seeds in different recipes and formulations.

Regulatory Landscape and trade policies affecting the sesame seeds market:

• Food safety regulations: Sesame seeds must abide by a number of rules and guidelines for food safety, including the Codex Alimentarius, which establishes upper limits for pesticide residues and other contaminants in food items. Additionally, certain nations, including the European Union, mandate the labelling of allergens on food goods, including sesame seeds.

• Import and export regulations: Different nations have laws governing the import and export of sesame seeds, including taxes, quotas, and licencing restrictions. For instance, to maintain domestic supplies, India has outlawed the export of raw sesame seeds whereas the United States charges a 7.5% import tariff on sesame seeds.

• Other policies include trade agreements, organic certification, etc.

• In general, the regulatory environment and trade policies affecting the market for sesame seeds are complicated and varied. As a result, businesses must keep up with the most recent changes and regulations to maintain compliance and market access.

Future outlook:

• The future outlook for the sesame seeds market is positive, with several factors contributing to its growth, including the increasing demand for natural and healthy food products, the rising popularity of ethnic cuisine, and the expanding use of sesame seeds in various applications. The market is also likely to benefit from the growing adoption of sustainable and organic farming practices, as well as advancements in technology and supply chain management.

• In addition, the sesame seeds market is expected to witness significant growth in the Asia Pacific region, particularly in countries such as India, China, and Japan, due to their culinary traditions and the cultural significance of sesame seeds. The Middle East and Africa region, which is a major producer of sesame seeds, is also expected to continue to play a significant role in the global sesame seeds market.

• However, the sesame seeds market may face challenges such as supply chain disruptions, changing consumer preferences, and regulatory changes that may impact trade and market access. Companies operating in the sesame seeds market will need to stay ahead of these trends and challenges to remain competitive and take advantage of the growth opportunities in the market.

Our Point of View

The global sesame seeds market is experiencing steady growth driven by factors such as increasing demand for sesame seeds in food applications, rising health awareness, and growing consumption of sesame seeds in Asia Pacific countries. However, the regulatory landscape and trade policies affecting the market are complex and diverse, and companies need to stay updated on the latest developments and requirements to ensure compliance and market access. The future outlook for the market is positive, with several factors contributing to its growth, including the increasing demand for natural and healthy food products, rising popularity of ethnic cuisine, and expanding use of sesame seeds in various applications. However, companies need to stay ahead of supply chain disruptions, changing consumer preferences, and regulatory changes to remain competitive and take advantage of the growth opportunities in the market.
korea map

South Korean Sesame Seeds Market Study.

by with No Comment Sesame seeds

South Korea is a key market for the sesame seeds trade. South Korea Consumes around 100,000 Metric Tons of Sesame seeds annually, South Korea has a population of around 50 million people it is one of the highest per capita Consumers of sesame seeds.

Mamta commodities is one of the leading agent for sesame seed in the Korean market with more than 1/3rd of the market share for South Korean government tender.

Demand and Import Pattern

The local crop is usually of less than 10,000 MT and to meet the demand around 90,000 MT of Sesame seeds are Imported.

There is a very heavy duty on Sesame seeds imported into Korea. Import from outside of quota attracts 630% of the CIF value as Duty. Which makes importing outside of Quota cost-prohibitive.

Due to a high tax rate and a very high price of Sesame seeds in the local market. It is estimated that around 10,000MT of sesame seeds is brought into Korea every year by means of hand carry.

Other than these figures, sesame seeds in broken or powder form are also imported into Korea which are then used for Oil Production. The broken sesame seeds do not attract the high duty and hence around 40,000 to 50,000 MT of sesame powder is imported into Korea for the production of Sesame oil.

Origins Supplying to South Korea.

Let us now look at where the Sesame seeds flow into Korea through the means of import.

Observations:

  • Stake of India and China together makes up for around 75% of the total import.
  • The market stake of China has been rising over the few years.
  • Indian Stake in the Korean market has been declining.

India due to its abundance of Sorting and Hulling factories along with competitive prices and China due to its trade agreements which Korea. A lot of indirect trade to Korea does happen through China as well. The rest of the origins keeps on fluctuating year on year on year.

Import Pattern

Unlike the rest of the world where the import of Sesame Seeds is more or less unrestricted here in the South Korean market is imported through 3 main channels.

  • Government tender – Around 44KMT
  • From China under Free Trade Agreement – Around 24KMT
  • Private Quota – Around 10-12KMT

Government Tender

All the 3 channels of import are controlled by aT, a state-owned company established for price stabilization, agriculture & fisheries industry promotion and farmer/fisherman support, etc., They have been controlling TRQ for and on behalf of the Ministry of Agriculture, Food & Rural Affairs.

Sesame Seeds import tender is quite unique to Korea and aT through its government tender is the largest direct importer of Sesame seeds in Korea. These tenders are held 5-6 times throughout the year with multiple deadlines of delivery per tender thus efficiently managing the Sesame seeds stock in Korea.

Quality parameters are as below.

In this government tender Sortex quality sesame seeds are imported mainly for edible as well as crushing use. 2 types of specs are imported through this tender. One is high quality and the other is general quality the specs of which are on the screen. The recent trend has been of importing General Quality instead of High-Quality cargo.

South Korean Supply Chain

The Process of Supplying to the Korean market is not as straightforward as other destinations but with right set of information, it can be an essential destination to export to.

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