Sesame Oil Market Projected to Expand to USD 6.4 Billion by 2034, with a Compound Annual Growth Rate of 5.6%
In the world of cosmetics, skincare, and aromatherapy, sesame oil stands out for its emollient and antioxidant properties. But what about the future of this versatile oil in the global market? While specific projections for the global sesame oil market from 2025 to 2034 may not be readily available, insights can be gleaned from related markets.
The closest relevant data point comes from the global aromatherapy carrier oil market, which includes vegetable oils like sesame oil, jojoba, almond, and others. This market is projected to grow from USD 1.7 billion in 2024 to approximately USD 4.2 billion by 2034, registering a compound annual growth rate (CAGR) of 9.4% during 2025-2034[1]. Given that sesame oil is used as a carrier oil in aromatherapy and personal care, this CAGR can be considered indicative of the growth potential in oils like sesame oil in related applications.
Demand for sesame oil is driven by various factors across different sectors. In the food and beverage industry, sesame oil's use as a cooking oil and flavor enhancer in various cuisines worldwide fuels demand. The growing preference for natural and healthy edible oils supports this demand, with the expansion of retail and e-commerce sectors facilitating better distribution and access to sesame oil products.
In the personal care and aromatherapy sectors, the use of sesame oil as a carrier oil in skincare, massage, and aromatherapy contributes significantly. The increasing consumer awareness on natural, organic, and Ayurvedic personal care products boosts demand. Government initiatives supporting cultivation of medicinal and aromatic plants also enhance availability and market growth, such as India's Ministry of AYUSH schemes supporting cultivation of raw materials like sesame for carrier oils[1].
Industrial applications of sesame oil may relate to its application in manufacturing cosmetics, soaps, and certain specialty chemicals. Sustainability trends drive preference for plant-based oils over synthetic or petroleum-derived products, providing a growth opportunity for sesame oil in these sectors.
In 2024, hypermarkets and supermarkets held a 45.7% market share of sesame oil sales by distribution channel. Major players like ADM's subsidiary SIO continue to expand their presence, producing pharmaceutical-grade sesame oil that meets USP/NF and European Pharmacopoeia standards.
The global sesame oil market is diverse, with North America leading the way in 2024, capturing a 33.9% share and a value of approximately USD 1.2 billion. Companies like Dipasa Group have seen strong growth in the North American organic sesame oil market by leveraging their fully integrated supply chain for purity and traceability.
In conclusion, while precise projections for global sesame oil alone from 2025 to 2034 are unavailable, the global aromatherapy carrier oil market’s CAGR of 9.4% provides a relevant benchmark. Demand drivers include food and beverage preferences for healthful oils, personal care growth fueled by natural product trends and government support for medicinal plant cultivation, and expanding industrial use aligned with sustainability goals[1].
References: [1] Grand View Research. (2021). Aromatherapy Carrier Oils Market Size, Share & Trends Analysis Report By Product (Fractionated Coconut Oil, Jojoba Oil, Sesame Oil, Almond Oil, Grapeseed Oil), By Application (Personal Care, Pharmaceuticals), And Segment Forecasts, 2021 - 2028. Retrieved from https://www.grandviewresearch.com/industry-analysis/aromatherapy-carrier-oils-market
- The growth potential in oils like sesame oil for related applications, such as aromatherapy and personal care, can be inferred from the compound annual growth rate (CAGR) of 9.4% in the global aromatherapy carrier oil market.
- In the food-and-drink industry, the growing preference for natural and healthy edible oils contributes to the demand for sesame oil, as it is used as a cooking oil and flavor enhancer in various cuisines worldwide.
- The versatile sesame oil also finds its place in the finance sector, with major players like ADM's subsidiary SIO expanding their presence in the global market, producing pharmaceutical-grade sesame oil that meets USP/NF and European Pharmacopoeia standards.
