The Millet Feed market in India stood at 168.0 Thousand Metric Tons in 2023, reflecting a year-on-year growth of 0.6%. Over the past decade, the market has seen fluctuations, with notable variations such as a peak increase of 34.19% in 2015, and a significant drop of 25.48% in 2016. From 2019 to 2023, the market exhibited more stability, with year-on-year variations generally below 2%. The 5-year CAGR leading up to 2023 was 0.61%, indicating a modest growth trend.
Forecasts indicate continued moderate growth, with the market expected to reach 170.0 Thousand Metric Tons by 2028, translating to a 5-year CAGR of 0.24% and a total growth rate of 1.19% over the period. Future trends to watch include potential shifts in agricultural policies, climate impact on millet production, and evolving demand from the livestock sector, which could influence market dynamics. Monitoring these factors will be crucial for strategic planning and market positioning.
