Forecast: Millet Market Size Volume in Ghana

The millet market size volume in Ghana for the year 2023 stood at 141.2 thousand metric tons, based on historical data. From 2024 to 2028, the forecasted values indicate a steady year-on-year increase in volume: 143.51 thousand metric tons in 2024, 145.11 in 2025, 146.67 in 2026, 148.2 in 2027, and 149.7 in 2028. This showcases a consistent upward trend in millet production.

The year-on-year variation highlights a gradual increase:

  • 2024: 1.64%
  • 2025: 1.11%
  • 2026: 1.07%
  • 2027: 1.04%
  • 2028: 1.01%

The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.02%, reflecting a moderate but steady growth pattern in the millet market.

Future trends to watch for include the impact of climate change on millet yield, advancements in agricultural technology, government policies supporting millet production, and potential shifts in consumer demand driven by dietary trends and health awareness.

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