By 2024, millet consumption in India is forecasted to reach 10.72 million metric tons, reflecting steady growth from previous years. As of 2023, consumption stood just below this level, marking a gradual increase. From 2024 to 2028, the consumption rate is expected to continue its upward trend, with projected Year-on-Year growth rates of approximately 0.47% each year. The 5-year Compound Annual Growth Rate (CAGR) is anticipated to maintain a similar pace of about 0.47% annually, pointing towards consistent demand growth.
Future trends to watch for:
- Growing awareness of millet's health benefits could drive further consumption increases.
- Government policies promoting millet as part of sustainable agriculture could boost growth.
- Changing dietary preferences towards traditional grains may influence long-term demand.
- Potential export opportunities could impact domestic availability and consumption patterns.
