In 2023, the millet feed and residual in India stood at approximately 1.56 million metric tons. The forecast from 2024 to 2028 shows a steady increase, with values ranging from 1.58 million metric tons in 2024 to 1.66 million metric tons in 2028. The year-on-year growth is consistent at around 1.27%, reflecting the gradual rise in demand or supply dynamics. The compounded annual growth rate (CAGR) over this five-year period is 1.27%, indicating modest yet steady growth.
Future trends to watch for:
- Potential impacts of climate change on millet production.
- Policy changes promoting millet cultivation or consumption.
- Shifts in consumer preferences towards millet-based products.
- Technological advancements in agriculture enhancing yield.
