Analysis of sesame seed demand in India reveals a consistent decline from 2014 to 2023, with the demand in 2023 recorded at 318.0 thousand metric tons. The most significant annual drop occurred in 2017 with a -4.87% variation, while 2018 saw no change. The year-on-year variation for 2023 was -0.93%, while the CAGR over the last 5 years was -0.86%. Future projections predict a continued decrease, with the forecast 5-year CAGR at -0.77%, culminating in a total decline of -3.81% by 2028.
Future trends to watch for include:
- Changing consumer preferences towards alternative seeds.
- Impact of climate change on sesame crop yield.
- Potential technological advancements in agriculture to improve yield and demand.