Global Gingelly oil Market Overview:
Gingelly oil is also called as Sesame oil. It is extracted from plant species known as Sesamum Indicum, an herbaceous annual that belongs to the Pedaliaceae family, reaching about 1.8 meters in height. The major application of this oil is found in cooking, the oil is also used in salad dressings, cosmetics, and in other health and wellness products. Although the use of this oil in the other industries such as cosmetics have not been significantly high the consumption of sesame oil for its nutrient has picked up as the trends in healthy living rises. Consumption of sesame oil has been facing a paradigm shift among consumers, gaining popularity across regions such as Asia, and North America. Governments across the globe are taking initiatives, considering allowing bulk sesame oil export, which in turn will support farmers who have been facing distress in selling their crops.
- Increasing demand due to use in the cosmetics products
- High adoption due to the rise to a nutricosmetics segment in the cosmetics industry
- Consumption in the European region has increased, demand for healthy oils is increasingly at a much larger pace.
- The high cost of the raw material
- The increased consciousness and awareness among consumers regarding skin and hair benefits of sesame oil
- The rising demand due to attractive marketing and promotional strategies
- The concern related to the regulation regarding cosmetics products
The key market players are adopting various strategies such as product launch and product innovation, to expand their existing product portfolio and maintain competitiveness in the rapidly growing Gingelly oil.
Some of the key players profiled in the report are Kadoya Sesame Mills Inc. (Japan), La Tourangelle, Inc. (United States), Archer Daniels Midland Company(United States), Pansari Group (India), V.V.V & Sons Edible Oils Limited. (India), The Adani Wilmar Ltd. (India), Marico Limited (India), Ruchi Soya Industries Limited (India), Cargill Inc. (United states) and ConAgra Foods (Agrotech Foods Ltd)(United States). Additionally, following companies can also be profiled that are part of our coverage like Fuji Oil Holdings Inc. (Japan), Olympic Oils Limited (United Kingdom), American Vegetable Oils, Inc. (United States) and Adams Group Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Gingelly oil market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Direct sales will boost the Gingelly oil market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gingelly oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gingelly oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Gingelly oil Providers, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.