The millet fat supply per capita in China is forecasted to decrease slightly over the coming years. From 2024 to 2028, the supply reduces from 0.029 grams per capita per day to 0.027 in 2028. Comparing 2023, where the actual figure was likely similar to 2024, the challenge remains the stagnation and gradual decline. Specifically, there's no expected annual variation from 2024 to 2025, a decline of 3.45% in 2026, and another 3.57% in 2027. Across the five-year period, the compound annual growth rate reflects a negative trend, averaging a reduction.
Future trends to watch for include:
- The impact of consumer dietary preferences shift.
- Government policies promoting millet or alternative grains.
- Innovation in millet-based product offerings that could influence demand.
