The sesame seed oil market in India has experienced a consistent decline in volume from 106.0 thousand metric tons in 2014 to 46.0 thousand metric tons in 2023. The year-on-year variation for 2023 stood at -6.12%, continuing a trend of negative growth observed in previous years. The last five years highlighted a CAGR of -5.8%.
From 2014 to date, the market has shown a steady decrease with significant drops noted in 2015 (-22.64%) and subsequent years maintaining a downward trajectory. Forecasted data suggest that volumes will continue to reduce, reaching 29.0 thousand metric tons by 2028 with a forecasted 5-year CAGR of -7.14% and an overall decline of -30.95%. This indicates a continued contraction in the sesame seed oil market.
Future trends to watch include potential impacts of changing consumer preferences towards healthier oils, innovations in sesame seed oil products, and any emerging policy changes affecting agricultural practices and oil production.
