The millet feed market in the US experienced some fluctuations from 2014 to 2023 where the value stood at 146.0 thousand metric tons. The initial period saw an increase up to 2016, followed by a significant drop in 2018 and a subsequent decline in the following years. The year-on-year variation was -3.31% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 0.42%. However, the future forecast indicates a continued downward trend with an estimated 5-year CAGR of -3.2% and a total growth reduction of 15% by 2028.

Future trends to watch for:

Potential changes in feedstock preferences influenced by environmental policies.
Technological advancements in alternative feed production.
Market fluctuations due to climate change affecting crop yields.