In 2023, the domestic consumption of milled rice in the US stood at 4.95 million metric tons. The forecasted data from 2024 to 2028 indicates a steady increase in consumption, with values rising from 5.01 million metric tons in 2024 to 5.24 million metric tons in 2028. Year-on-year variations show a consistent growth rate, signaling a continuous upward trend.
Year-on-Year Variations (YoY):
- 2024-2025: 1.20%
- 2025-2026: 0.99%
- 2026-2027: 1.17%
- 2027-2028: 1.12%
Analysis over the last two years (2022-2023) showed a trend of gradual growth in consumption, which is expected to continue. The Compound Annual Growth Rate (CAGR) over the next five years is approximately 1.13%, reflecting a moderate but steady rise.
Future trends to watch for include changes in dietary preferences, the potential impact of economic shifts on food consumption patterns, and possible innovations in rice processing and distribution that could affect these consumption levels.
