The sesameseed oil market in China showcased notable growth from 2014 to 2019, with an upward trend characterized by a steady increase in volume. However, in 2020, the market saw a dip, reflecting a -4.05% year-on-year variation. It recovered in 2021 with a significant 6.65% increase, but growth slowed down to 0.97% by 2022 and 1.29% in 2023. As of 2023, the market size stood at 315.0 thousand metric tons. The compound annual growth rate (CAGR) over the past five years was 0.91%.
Looking forward, the forecast data indicates a moderate growth with the market expected to reach 332.4 thousand metric tons by 2028. The projected CAGR from 2024 to 2028 is 0.86%, with an overall forecasted growth rate of 4.36% over these five years.
Future trends to watch for include potential impacts of regulatory changes, shifts in consumer preferences towards health-focused products, and fluctuations in raw material availability which could influence the market dynamics of sesameseed oil in China.
