Sesame seed oil production in India stood at 80 thousand metric tons in 2023, marking a year-on-year decline of 2.44%. The production has steadily decreased from 106 thousand metric tons in 2014, reflecting an overall downward trend. Notably, between 2014 and 2023, the figures depict consistent declines with occasional minimal increases, such as in 2021. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was -1.66%, affirming the persistent downward trend.
Going forward, forecast projections indicate further declines in sesame seed oil production. From 2023 to 2028, the production is expected to diminish at a CAGR of -1.58%, leading to a total reduction in volume of approximately 7.64% over this period. By 2028, production levels are anticipated to reach around 72.53 thousand metric tons.
Future trends to watch include:
- Increasing focus on alternative oil crops
- Climate change impacts on sesame cultivation areas
- Technological advancements in agricultural practices
