From 2014 to 2023, the oilseeds seed market in India experienced fluctuations. It began at 1.27 million metric tons in 2014, dropped to a low of 1.1 million metric tons in 2015, and rose to 1.41 million metric tons in 2023. The market saw notable variations with a -13.46% drop in 2015, a 27.48% increase in 2016, and minor yearly fluctuations thereafter. Between 2018 and 2023, the year-on-year growth stabilized around 0.65%, with a CAGR of 0.72% over the last five years.
Looking ahead, the forecast indicates steady growth with a CAGR of 0.46% from 2024 to 2028. Future trends to watch include potential advancements in agricultural technology, government policies on agricultural subsidies, and the impact of climate change on crop yields. These factors could influence the oilseeds seed market dynamics significantly.
