The millet demand in the US stood at 160.0 Thousand Metric Tons in 2023 and is expected to steadily decline to 135.0 Thousand Metric Tons by 2028. The year-on-year variation shows a consistent decrease in demand: a 3.2% decline from 2024 to 2025, a 3.3% decline from 2025 to 2026, and a 4.1% decline from 2026 to 2027.
Over a five-year span, the compound annual growth rate (CAGR) indicates an average annual decline of approximately 3.4%, reflecting a consistent reduction in demand for millet, potentially due to changing consumer preferences or competition from alternative grains.
Future trends to watch for include:
- The influence of health and wellness trends on millet’s popularity, potentially reviving demand.
- Policy changes or subsidies that could impact domestic millet production and prices.
- Shifts in consumer awareness and dietary preferences towards gluten-free and sustainable food options.