The sesame seed market size volume in India stood at 93.0 thousand metric tons in 2023. Over the past decade, the market has shown a steady growth pattern, with a notable increase from 77.0 thousand metric tons in 2014 to the current volume. The year-on-year variation indicates a gradual increase, with a peak growth rate observed between 2014 and 2018, tapering off in subsequent years. Over the last five years, the compound annual growth rate (CAGR) stands at 0.88%, showing a slowing expansion in recent years.
Future trends to watch for:
- Potential market saturation as the annual growth rate continues to decelerate.
- Exploration of new markets and diversification of sesame-based products.
- Impact of agricultural innovations and climate changes on sesame crop yield.
