Forecast: Sorghum Feed in Europe

The market for sorghum feed in Europe expressed in volume stood at 1.4 million metric tons in 2023. Analyzing the historical data from 2014 to 2023, we observe fluctuations with a notable increase in 2018 (39.05%) and subsequent stabilization in the following years. The most recent years show a steady year-on-year increase with slight variations, e.g., 1.32% in 2022 and 1.23% in 2023.

Looking forward, forecast data from 2024 to 2028 predict a continued gradual increase in sorghum feed volume, with a 5-year compound annual growth rate (CAGR) of 0.9%. This suggests moderate but consistent market expansion.

Future trends to watch for include:

  • Technological advances in crop production and feed efficiency.
  • Policy changes affecting agricultural subsidies and trade regulations within Europe.
  • Shifts in livestock population dynamics impacting feed demand.
  • Sustainability trends influencing crop choices and feed compositions.

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