25-May-2023 | Zion Market Research
The global sesame milk market size was worth around USD 5.60 Billion in 2022 and is predicted to grow to around USD 7.94 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 2.10% between 2023 and 2030.
The sesame milk industry refers to the food and beverages (F&B) sector that deals with the production, packaging, marketing, storing, and distribution of milk produced from sesame seeds. This type of milk is an alternative to cow milk and essentially falls in the category of plant-based food or beverages. They are produced by processing or blending ground or soaked sesame seeds with water which results in the production of creamy and dairy-free beverages. During the forecast period, the market is expected to grow at a steady rate as the popularity and consumer awareness surrounding sesame milk have increased over the years. Furthermore, the milk has several benefits which, if marketed well, can lead to a higher consumer database. However, the industry players may also have to deal with certain challenges in the coming years.
The global sesame milk market is projected to grow to the increasing group of consumers that are opting out of animal-based diets and switching to plant-based alternatives. The several awareness initiatives along with government-aided programs have resulted in a larger group of people who acknowledge the harmful impact of animal-based diet which is not just restricted to the environment but also raises severe ethical concerns.
This is why more people are willing to adopt plant-based food or beverages such as sesame milk instead of cow milk or any other brand of milk derived from an animal. In addition to this, the allergy-free marketing strategy used by the industry players has assisted in developing new revenue streams for themselves. Many people suffer from severe allergies when they consume animal-derived milk. These allergies include bloating, indigestion, and stomach aches to name a few. However, sesame milk is generally regarded as allergen free due to its organic nature.
The rising rate of marketing and awareness campaigns resulting in a better understanding of the milk brands and their advantages along with global culinary influence could lead to higher revenue.
The global sesame milk industry also deals with certain growth restrictions. For instance, sesame milk just like other plant-based milk and food products is more expensive than traditional animal-derived milk. This is due to a lower production rate and diminished availability of sesame seeds. The complex production process for large amounts of sesame milk further adds to the list of restrictions. Moreover, certain segments of consumers may not develop the taste of sesame milk since they are already accustomed to cow milk which leads to limited market penetration.
The growing expansion in the foodservice sector may provide growth opportunities while the limited consumer awareness is projected to challenge market growth.
The global sesame milk market is segmented based on flavor, type, packaging type, and region.
Based on flavor, the global market segments are vanilla, chocolate, unsweetened original, original, chocolate hazelnut, and others. In 2022, the highest growth was observed in the vanilla segment followed by chocolate. These products tend to have a better appeal to consumers of sesame milk due to added flavor and texture. Chocolate tends to provide a rich and indulgent taste experience whereas vanilla is responsible for a sweet and aromatic profile. People who prefer a more neutral taste tend to opt for unsweetened original flavor and it also allows them to experience the natural texture or taste of plant-based milk. As per the Food and Agriculture Organization (FAO) of the United Nations, around 6.4 million metric tons of sesame seeds were produced in 2020.
Based on type, the sesame milk industry segments are black sesame seed milk and white sesame seed milk. The industry generated high revenues from the white sesame seeds section due to its greater application in several culinary items. Milk made with white sesame seeds is lighter in color and hence they may attract more consumers. On the other side, milk made of black sesame seeds is darker in color and has a distinct flavor. When compared to its counterpart, black sesame seed milk has a nuttier texture and a more intense taste. Although black sesame seed milk has a lower number of consumers in the market, it has gained popularity over the years. Around 100 grams of sesame seeds are known to provide over 975 milligrams of calcium.
Based on packaging type, the global market segments are tetra and bottle.
The global sesame milk market is projected to witness the highest growth in North America with the US and Canada acting as major regional contributors. The growth rate is driven by several factors such as high product availability and awareness rate. Moreover, the number of vegan populations in these countries has grown over the years led by many people voluntarily opting out of animal-based eating habits or due to medical influences such as lactose intolerance and allergies.
The growing number of product providers and higher disposable income have contributed equally to the market growth rate. Europe is the second leading market and is driven by factors such as increasing health consciousness, vegan & vegetarian populations, and environmental concerns. The availability of plant-based milk and other beverages has contributed to more people trying sesame milk.
Browse the full “Sesame Milk Market By Flavor (Vanilla, Chocolate, Unsweetened Original, Original, Chocolate Hazelnut, and Others), By Type (Black Sesame Seed Milk and White Sesame Seed Milk), By Packaging Type (Tetra and Bottle), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/sesame-milk-market
The global sesame milk market is led by players like:
By Flavor
By Type
By Packaging Type
By Region
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