Sensam seed demand in the US has seen a significant decrease over the past decade, dropping from 32,000 metric tons in 2014 to 10,000 metric tons in 2023. The year-on-year percentage variation for 2023 was -9.09%, similar to the trend observed in 2014. Over the past five years, the Compound Annual Growth Rate (CAGR) has been -6.51%, indicating an overall consistent decline in demand.
In recent years, the demand has been highly volatile, with sharp declines such as -21.87% in 2015 and -36.36% in 2018. Although there was a brief increase of 7.14% in 2019, the demand has continued to fall steadily post-2020. The forecasted data for 2024 to 2028 shows an accelerated decline with a forecasted five-year CAGR of -19.73% and an overall forecasted growth rate of -66.67%, pointing to further reduction in sesame seed demand.
Future trends to watch for include shifts in consumer preferences, potential regulatory changes affecting sesame seed imports, and broader market dynamics in the health food sector. Additionally, innovations in artificial substitutes for sesame seeds could further influence demand trajectories.