The forecast for barley feed in India shows a general upward trend from 2014 through 2023. In 2023, the value stood at 225 Thousand Metric Tons, reflecting a year-on-year increase of 2.27%. The compound annual growth rate (CAGR) for the past five years is approximately 2.49%. Notable variations within this period include a significant rise of 26.04% in 2017, a slight drop of 6.57% in 2018, and modest growth rates between 2019 and 2022 averaging around 2-3% annually.
Future trends suggest a continued but slower growth rate, with the forecasted CAGR for the next five years (2024-2028) at 1.44%. Overall, barley feed consumption is expected to grow by 7.42% over this period, reflecting steady demand.
Future trends to watch for:
- Potential shifts in agricultural policies impacting barley production or imports.
- Changes in livestock farming practices that might alter feed demand.
- Market fluctuations due to climate change or other global economic factors.