The millet demand in India is forecasted to grow modestly over the next few years, starting at 11.13 million metric tons in 2024 and gradually increasing to 11.18 million metric tons by 2028. This marks a stable but slow year-on-year growth. The previous actual data for 2023 stood at 11.12 million metric tons. The year-on-year percentage change from 2024 to 2025 is 0.09%, from 2025 to 2026 is 0.18%, from 2026 to 2027 is 0.09%, and from 2027 to 2028 is 0.09%. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is minimal, reflecting a steady but slow increase in millet demand.
Future trends to watch for include potential shifts in consumer preferences towards more nutritious and sustainable food options, government policies promoting millet farming, and the impact of climate change on agricultural yield. Additionally, emerging trends in the health and wellness industry could play a significant role in bolstering millet consumption.
