The demand for sunflower seeds in India is forecasted to decline significantly from 98 thousand metric tons in 2024 to 28 thousand metric tons by 2028. This reflects a sharp downtrend with a major year-on-year decrease, showcasing a decline by approximately 71.4% over these five years. The compound annual growth rate (CAGR) is noteworthy, highlighting an average annual decrease over this period. In 2023, the demand stood at a similar volume as in 2024, indicating a stable point before the forecasted sharp declines.
Future trends to watch for include shifts in consumer preferences, potential changes in agricultural policies, and the impact of alternative oilseed options gaining popularity in the market. Tracking global price fluctuations and domestic production capacities will also play a crucial role in shaping the demand dynamics for sunflower seeds in India.
