Based on the forecast data for China's millet market size volume per capita from 2024 to 2028, there is a consistent downward trend. In 2024, the consumption is at 0.43 kg per capita and is projected to decrease to 0.36 kg by 2028. Compared to 2023, where consumption stood at 0.45 kg per capita, the decline is evident. The year-on-year percentage decrease is about 4.65% from 2024 to 2025, 4.88% from 2025 to 2026, 2.56% from 2026 to 2027, and 5.26% from 2027 to 2028. The compound annual growth rate (CAGR) indicates an average decline of 4.28% annually over these five years.
Future trends to watch for include:
- Shifts in consumer preferences towards other grains that may affect millet consumption.
- Potential government policies promoting millet due to its nutritional benefits.
- Environmental impacts affecting millet production and supply chain dynamics.
