In 2023, the Sorghum market volume in India stood at approximately 3.84 million metric tons. The forecast indicates a gradual decline with the volume projected to descend from 3.79 in 2024 to 3.57 million metric tons by 2028. Year-on-year, the market sees a reduction: 2024 to 2025 shows a decrease of about 1.32%, while 2025 to 2026 has a decrease of approximately 1.60%. The five-year CAGR reflects an annual average shrinkage of around 1.42%. This trend suggests a dwindling demand or possibly changing agricultural dynamics.
Future trends to watch for:
- Shifts in consumer preferences towards alternative grains.
- Government policies affecting production incentives for farmers.
- Climate change impact on production yields.
- Technological advancements in agriculture that might enhance productivity.
