The sesame seed processing industry in Mexico has shown consistent growth over the 10-year period from 2014 to 2023, standing at 57.0 Thousand Metric Tons in 2023. Notable year-on-year variations occurred, such as a 29.41% increase in 2015, followed by a 9.09% decrease in 2016. The industry experienced relatively stable growth from 2018 onwards, with a 3.64% increase reported for 2023. The 5-year CAGR from 2019 to 2023 was 1.85%.
For the next five years, forecasts predict a continued steady increase, reaching 63.0 Thousand Metric Tons in 2028, with an expected forecasted CAGR of 1.67%, representing an 8.62% growth rate over this period.
Future trends to watch for:
- Technological advancements in processing techniques.
- Emerging markets and international demand fluctuations.
- Impact of climate change on sesame seed production.
- Regulatory changes and their influence on export/import dynamics.
