Forecast: Sorghum Feed in Japan

In 2023, the actual value of sorghum feed in Japan was an integral point for comparison with the forecasted data for 2024 onwards. The projections from 2024 to 2028 indicate a consistent downward trend in sorghum feed volume, decreasing from 407,000 metric tons to 307,000 metric tons by 2028. This represents a gradual decline as seen in the year-on-year percentage decreases over this period. Additionally, the Compound Annual Growth Rate (CAGR) over these five forecasted years illustrates a declining average growth rate per year.

Future trends to watch for in the sorghum feed market in Japan include:

  • Potential shifts in domestic agricultural policies impacting feed preferences.
  • Changes in global supply chains or pricing that might affect sorghum's competitiveness.
  • Trends in alternative feed grains that might influence market share.

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