The forecasted values for Sugar Cane Feed in the US demonstrate a steady year-on-year growth. The estimated volume for 2024 is 2.95 million metric tons, increasing to 3.14 million metric tons by 2028. In comparison, the volume in 2023 was reported at 2.9 million metric tons. Analyzing the growth, the year-on-year percentage increases are as follows:
- 2025: 1.69%
- 2026: 1.67%
- 2027: 1.31%
- 2028: 1.62%
The compound annual growth rate (CAGR) for sugar cane feed over the forecasted five-year period stands at approximately 1.49% annually.
Future trends to watch for include potential impacts from advancements in agricultural technologies, changes in government policies regarding biofuels, and global market fluctuations that could affect the supply and demand dynamics for sugar cane feed.
