In 2023, the millet feed market in France stood at an actual consumption level that aligns with the forecasted values beginning 2024. The market is projected to maintain a stable consumption of 4.0 thousand metric tons in 2024 and 2025. However, this stability is set to decline significantly in 2026 with a 25% drop to 3.0 thousand metric tons, followed by another 33% decrease to 2.0 thousand metric tons in 2027. This trend continues at a steady level in 2028. The five-year compound annual growth rate (CAGR) indicates a downward trend.
Future trends to watch for include:
- Potential shifts in agricultural policies promoting diversified feed usage.
- Environmental concerns driving changes in feed choices.
- Developments in alternative feed technology potentially affecting millet demand.