The demand for sesame seed oil in China has shown a generally upward trend from 2014 to 2023. In 2023, the value stood at 315.0 thousand metric tons, reflecting a year-on-year increase of 1.29% and a 5-year CAGR of 0.91%. From 2014 to the present, the demand has seen notable fluctuations, with significant growth rates around 2016 to 2017 and a decline in 2020, likely influenced by the pandemic. The period from 2018 to 2022 showed stable growth with minor variations, reinforcing a pattern of moderate but consistent consumption. Moving forward, this demand is projected to grow at a CAGR of 0.84% over the next five years, reaching 332.04 thousand metric tons by 2028.
Future trends to watch for:
- Impact of health and wellness trends on sesame oil consumption.
- Expanding uses of sesame oil in culinary and non-culinary applications.
- Potential market disruptions due to global economic factors.
