In 2023, millet consumption in China stood at a certain level, but by 2024, it is projected to reach 2.77 million metric tons. From 2024 to 2028, millet consumption is forecasted to rise steadily, with an increase of 0.04 million metric tons each year. This consistent growth suggests a year-on-year percentage increase of approximately 1.44%. The compound annual growth rate (CAGR) over these five years is approximately 1.43%.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier grains, potentially boosting millet consumption further.
- Government policies promoting traditional and sustainable agriculture to influence consumption patterns.
- Economic factors and their impact on the affordability and popularity of millet among consumers.
