The U.S. sunflower seed feed market demonstrated significant fluctuations between 2014 and 2023. Starting from 293,000 metric tons in 2014, it experienced a sharp increase of 40.61% in 2015, followed by a notable decline in subsequent years, with smaller variations year-on-year. By 2023, the volume stood at 259,000 metric tons, reflecting a minor year-on-year decrease of -1.15%. The compound annual growth rate (CAGR) over the past five years is -1.12%, indicating an overall downward trend.
Looking ahead, the forecast predicts a continued decline in sunflower seed feed volumes, with the value projected to drop to 241,000 metric tons by 2028. This represents a forecasted 5-year CAGR of -1.12%, and an overall reduction of 5.49% by 2028.
Future trends to watch for include shifts in agricultural practices, climate change impacts, and changes in consumer preferences towards alternative feed options. Monitoring developments in these areas will be essential for understanding and anticipating further market movements.
