According to a report published by Fortune Business Insights, titled “Sesame Seed: Europe Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 445.9 Million in 2018. Fortune Business Insights has predicted that the market will reach US$ 638 Million by the end of 2026, thereby exhibiting a CAGR of 4.73%.
The properties of sesame seeds to add flavour as well as nutritional content to several types of foods have created a huge demand for the product across Europe. Uses of sesame seeds oil due to the rancidity property have fuelled the demand for the products.
Besides, sesame seeds are a rich source of special digestive fibres that aid the body digestion processes. The ability of sesame seeds to regulate several digestive processes as well as enhance blood flow and respiratory system has led to a rising emphasis on the research and development of these products in this region.
Weather Fluctuations and Increasing Consumption in Producing Countries May Disrupt the Balance of Sesame Seed Supplies
India and African countries are major suppliers of sesame seed to European countries. In these countries, sesame crop is neglected crop and grown mostly in low fertile lands.
· Food Processing
· Baking Industry
· Confectionery Industry
· Industrial Uses (Cosmetics & Pharmaceuticals)
· Seed Use for Oil Extraction
Low productivity and weather fluctuations (especially drought) severely affect the production and further increasing consumption of sesame seed in domestic markets of producing countries is further creating shortage of sesame seeds supplies to export markets. Countries in Europe are totally dependent on the imports of sesame seeds and sesame seed-derived products and India and Nigeria are the major exporters of sesame seed to European countries.
The Europe sesame seeds market companies are actively engaged in research and development of nutrient-rich sesame seeds. The presence of several renowned companies in Europe has caused competitors to adopt strategies that will help them gain a competitive edge over its market counterparts.
Some of the leading companies that are operating in the Europe sesame seeds market are Haitoglou Bros S.A, Dipasa Europe B.V., Olam International, Schlüter & Maack GmbH, Ari Susam San. ve Tic. A.S, H.A. & Gustav Küchler (Amsterdam Commodities N.V.), Dabeth Industries, JKT Foods Europe BV, JANNIS S.A., and Tampico Trading GmbH
TABLE OF CONTENT:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview on the Related Markets
4.2. Supply Chain Analysis
4.3. Recent Industry Developments – Mergers & Acquisitions