The North American millet feed market experienced notable fluctuations from 2014 to 2023, peaking in 2016 at 269 Thousand Metric Tons and declining steadily since then. In 2023, millet feed stood at 158 Thousand Metric Tons, reflecting a year-on-year decline of 2.47% and a five-year CAGR of -2.64%. Over the period, major variations include a peak growth of 16.96% in 2016 and a significant drop of 37.8% in 2018. Forecasts predict a continued decline, reaching 133 Thousand Metric Tons by 2028.
Future trends to watch for:
- Shifts in animal nutrition preferences and regulatory changes.
- Technological advancements in feed production and alternative grains.
- Economic factors influencing feed affordability and availability.
