Sorghum seed demand in North America has significantly declined from 2014 to 2023, with a 2023 value of 18.0 thousand metric tons. The year-on-year percentage changes reveal fluctuations, including a notable drop of 26.67% in 2018. Over the last five years, the compound annual growth rate (CAGR) has averaged at -3.93%. Moving forward from 2024, forecasted data indicates a continued declining trend, with the five-year CAGR projected at -6.73% and a forecasted growth rate of -29.41% by 2028.
Future trends to watch for in the sesame seed market include emerging health trends impacting consumption, potential shifts in agricultural production, alternative uses of sesame seeds in new product formulations, and evolving trade policies that could affect supply and demand dynamics.
