The sesame seed processing industry in India has been witnessing a consistent decline over the past decade. From a value of 265.0 thousand metric tons in 2014, the industry has reduced to 201.0 thousand metric tons by 2023, reflecting a significant downturn. The year-on-year variation for 2023 was -1.95%, consistent with the longer-term CAGR of -1.61% over the past five years. The sharpest annual declines were noted between 2015 and 2017. Looking forward, the forecast predicts a further decline, with the value expected to decrease to 182.0 thousand metric tons by 2028, encapsulating a 5-year CAGR of -1.57%, amounting to a total decline of -7.61% over this period.
Future trends to watch for include potential impacts from climate change on cultivation, shifts in global demand and trade policies, and technological advancements in processing that could improve efficiency and potentially offset some declines.
