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The Europe Sesame Seeds Market is likely to expand considerably due to increasing trade activities in several countries across Europe. 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 applications of sesame benefits in the food and beverage industry have fueled the demand for sesame seeds across the world. In addition to the health benefits, the range of flavors that are derived from sesame seeds has led to a rising adoption across the world. Furthermore, trends of importing sesame seeds by leading European countries will help the companies generate substantial Europe sesame seeds market revenue. Additionally, adoption of Fairtrade labelling has aided the growth of the European sesame seeds market in recent years. The demand for organic products has increased drastically in the past decade in emerging countries such as Germany, UK, France, and other countries. The demand for organic sesame seeds will offer a huge platform for growth for several European sesame seeds market companies.
Food Processing Segment Will Witness Considerable Growth
The increasing demand for processed food products such as tahini, snack bars, and other such foods will favor the growth of the Europe sesame seeds market in the coming years. The demand for food products with nutritive ingredients has aided the demand for sesame seeds. The growing applications of sesame-derived products such as sesame oil in the food and beverage industry have made a positive impact on the overall market. The health benefits of sesame oil have led to rising adoption of this product in cooking and other applications among end-users across the world. The increasing consumption of healthy foods such as salads and hummus has fueled the demand for sesame oil, owing to its health-friendly nature. Fortune Business Insights states that the food processing segment has accounted for around 35.7% of the total market share in 2018 and is likely to expand in the coming years.
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Turkey is Likely to Witness High Growth in the Forecast Period
Fortune Business Insights states that Turkey will hold a substantial market share in the forecast period. The escalating demand for sesame seeds and sesame seed products have favored the growth of the market in this country. Due to the high demand and a subsequently rising adoption of sesame seed-derived ingredients in several foods, Turkey has emerged as the largest market in Europe in recent years. The sesame seeds market in Turkey has accounted for approximately 54% of the total Europe sesame seeds market share. Having said that, the inflating price of sesame seeds is likely to slow down the consumption rate in the coming years.
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.
The Europe sesame seeds market is segmented based on: