The Millet Feed market in the Netherlands stood at 10.0 thousand metric tons in 2023. Observing historical data, a significant dip in 2017 (-16.67%) was followed by a dramatic recovery in 2018 with a 100% increase. From 2019 to 2021, the market remained stable at 9.0 thousand metric tons, eventually climbing to 10.0 thousand metric tons in 2022 and staying constant through 2023.
From 2019 to 2023, the Compound Annual Growth Rate (CAGR) saw variations, peaking at 14.87% in 2022 and normalizing to 0% by 2023.
Future trends to watch for include:
- Sustainable growth forecasted from 2024 onwards.
- Projected annual growth of 1.92% CAGR over the next five years.
- Overall expected market growth rate at around 10% by 2028.
These trends suggest a relatively stable but modestly growing market for millet feed in the coming years.
