Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.60 Billion | USD 7.94 Billion | 2.10% | 2022 |
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 report analyzes the global sesame milk market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sesame milk market.
Sesame milk is a non-dairy substitute for cow’s milk. It is made from sesame seeds and is similar to other plant-based milks such as almond milk, soy milk, or oat milk. The product has managed to gain popularity among people who are lactose intolerant or allergic to dairy products. Furthermore, followers of vegan diets also prefer sesame milk along with other types of plant-based milk. Sesame seeds are soaked, blended with water, and then strained to remove any solid particles during the production of sesame milk. The liquid thus created, has a creamy texture and exhibits a slightly nutty flavor. Certain products available in the market also include sweeteners such as maple syrup and dates to add taste. The sesame milk industry deals with the production, storage, and distribution of sesame milk to end-users which can be either other businesses or direct consumers.
Growing trend of vegan diet culture to propel market growth
The global sesame milk market is projected to grow owing to the rising trend of vegan diet culture. It is a form of vegetarian diet and excludes any item or food product that is derived from animals including milk along with other products such as meat, poultry, seafood, eggs, and honey. The primary focus of a vegan diet is to consume only plant-based products. Certain people opt for such a lifestyle either due to medical reasons or as a part of changed habits for ethical reasons. With the growing awareness around the misunderstood nutritious components of a vegetarian diet, more people are switching to vegan diet forms. It is well known that a balanced vegan diet is equally nutritious as a non-vegetarian diet. A 2020 study conducted by the Vegetarian Resource Group claimed that nearly 3% of the American population considers themselves to be vegan.
Potential level of allergy to restrict market expansion
The global sesame milk market may suffer owing to the increasing questions over potential allergies that can be introduced due to the consumption of sesame milk. Although it is free of common allergies that are generally caused by dairy products, sesame, the key ingredient in milk, is an allergenic ingredient for many people. This narrows the market reach for sesame milk. Some of these allergies include digestive concerns, skin reactions, respiratory disorders, and anaphylaxis.
Growing expansion in the foodservice sector to provide growth opportunities
As the consumption level and demand for sesame milk are on the rise, the sesame milk industry players are working toward expanding their revenue horizon by partnering with players in the foodservice industry. This fragment of key strategy adopted by the companies is expected to create greater growth opportunities with the growing demand for smaller or larger food units across the globe. In emerging economies, the number of small cafes and other facilities has surged in recent times.
Limited consumer awareness to challenge market growth
The sesame milk industry faces a difficult challenge in terms of limited consumer awareness. Despite the product gaining more popularity, the higher sales rate is largely restricted to urban areas where the general population can purchase the products from small retail outlets or supermarkets. However, in emerging or remote areas of several countries, people do not have adequate information about the existence of the product or its benefits. Market players will have to invest in generating better awareness rates for higher revenue.
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.
Based on packaging type, the global market segments are tetra and bottle. The industry witnessed the highest growth in the tetra pack segment. These cartons are also known as aseptic cartons and are widely popular in the overall plant-based milk industry. They are made of multiple layers of plastic, paperboard, and aluminum thus acting as an excellent barrier against light, oxygen, and external contaminants. Bottles are generally made of glass or plastic. The former packaging materials provide a more premium look. The most commonly used ratio in the production of homemade sesame milk consists of 240 ml of sesame seeds to 960 ml of water.
Report Attributes | Report Details |
---|---|
Report Name | Sesame Milk Market Research Report |
Market Size in 2022 | USD 5.60 Billion |
Market Forecast in 2030 | USD 7.94 Billion |
Growth Rate | CAGR of 22.10% |
Number of Pages | 199 |
Key Companies Covered | So Delicious Dairy Free, Pacific Foods, Elmhurst 1925, Silk, Alpro, Oatly, Califia Farms, Good Karma Foods, Nutty Life, Milkadamia, Mooala, Joya, Rude Health, Three Trees, MALK Organics, Plenish, Earth's Own, Töpfer, SunOpta, Forager Project, Organics by Red Bull, Grainful, Rebel Kitchen, Tempt Hemp, and Mylk Guys. |
Segments Covered | By Flavor, By Type, By Packaging Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to witness the highest growth
The global sesame milk market is projected to witness the highest growth in North America with an increasing consumer rate in the regions of Canada and the US. Factors such as higher consumer awareness rate along with the growing vegan population have resulted in higher growth of plant-based alternatives which includes sesame milk. Moreover, the companies have managed to leverage the growing demand by introducing several products in the market and investing in constant research & development directed toward product innovation. Moreover, with the use of the growing e-commerce segment, these new startups have reached remote areas thus making the milk more accessible to a larger group of consumers. The presence of a well-established food & beverages industry with a global network has helped make the market a dominating force.
The global sesame milk market is led by players like:
By Flavor
By Type
By Packaging Type
By Region
FrequentlyAsked Questions
Sesame milk is a non-dairy substitute for cow’s milk. It is made from sesame seeds and is similar to other plant-based milk such as almond milk, soy milk, or oat milk.
The global sesame milk market is projected to grow owing to the rising trend of vegan diet culture.
According to study, 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.
The CAGR value of the sesame milk market is expected to be around 2.101% during 2023-2030.
The global sesame milk market is projected to witness the highest growth in North America with an increasing consumer rate in the regions of Canada and the US.
The global sesame milk market is led by players like So Delicious Dairy Free, Pacific Foods, Elmhurst 1925, Silk, Alpro, Oatly, Califia Farms, Good Karma Foods, Nutty Life, Milkadamia, Mooala, Joya, Rude Health, Three Trees, MALK Organics, Plenish, Earth's Own, Töpfer, SunOpta, Forager Project, Organics by Red Bull, Grainful, Rebel Kitchen, Tempt Hemp, and Mylk Guys.
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