Millets Market Size is expected at USD 12.24 billion in 2024 and is anticipated to extent an over of USD 15.24 billion by the end of the assessment period. The Millets Market is estimated to experience reasonable growth to record a CAGR of 4.49% throughout the estimate period (2024 to 2029)
Millet is generally a small seed crop and is known for its high nutritional value. All over the world there are varieties of millet in different colors, such as white, gray, pale yellow and red. They outperform traditional grains like rice and wheat in terms of nutrition. The trend towards the reactivation of millet consumption in several countries favors the growth prospects of this market in recent years. There are several plans to improve the cultivation and consumption of millet to reduce the health risks associated with diabetes, obesity, and cardiovascular disease. Millet plays an important role in many countries in Africa and Asia with regard to food security and the economy. It is gaining popularity in Europe and North America due to its gluten-free and hypoglycemic properties. Millet is a small grain seed that retains its excellent nutritional properties. In terms of nutritional properties, it is superior to some high-consumption grains such as rice and wheat. Despite its excellent nutritional properties, millet has received less attention than the main grain.
Increased awareness among the urban population about the health benefits associated with consuming millet will drive the growth of the global millet market during the forecast period. Changes in lifestyle and eating habits have led to a number of diseases, including cardiovascular problems such as diabetes, obesity, myocardial infarction, coronary heart disease, and arrhythmia. Millet is rich in minerals and proteins, such as calcium and iron, which can help prevent these diseases. Growing consumer preferences for healthy bakery mixes are prompting producers to use natural gluten-free ingredients that provide the same flavor and consistency without high concentrations of saturated and trans-fats. Adoption of healthy eating habits and a greater tendency to switch to low-calorie alternatives can increase the market share of millet. The millet business is expected to show significant earnings during the forecast period due to important factors, including climate change. But millet will be a more important solution for farmers. Millet is the last crop of the drought and endures extremely high temperatures. Also, due to its great properties like ancient grains gluten free, superfoods, good for weight loss, low glycemic index, millet is now suitable for the biggest global health food trends, so it is important to capitalize on it now to stimulate the market and research. With the growing demand in the Asian and Pacific countries, mainly China and India, farmers began to turn to the cultivation of millet through wheat and rice.
Several diseases, such as diabetes, obesity, cardiovascular problems such as heart attacks and coronary artery diseases, have been caused by eating habits associated with the urban lifestyle. Therefore, increased public awareness of the health benefits associated with consuming millet will drive the future growth of the industry. However, its gluten-free properties should provide beneficial opportunities for the production of low-GI and gluten-free foods. Many developing countries and federal governments have long-term policies to implement nutrition programs to combat malnutrition. Promoting government initiatives and including millet in a variety of foods and beverages will increase the size of the industry. Product demand increased during the forecast period, with an increase in the urban population, a propensity for healthy foods in the Asia-Pacific region, and an increase in the unsustainability of rice and wheat production. More efficient use of water in millet production is expected to boost the global millet market in the coming years. The high costs of products associated with cereals that are mainly consumed impede the penetration of urbanized food markets. This price is generally high compared to rice and wheat due to the weak supply chain and lower production in the millet market. Millet has a limited shelf life which is believed to hamper market growth. Difficult handling is a major challenge that slows consumer demand and increases the potential for minority accounting. Various interventions can be made to give entities in the value chain access to processing plants, on the one hand, and to facilitate consumer access to processed millet products, on the other. Local producers have to transport their products remotely, as there is no suitable processing unit near the millet. High commodity prices relative to mass consumption grains play an important role in preventing the penetration of urban food markets.
The Millets Market can be segmented according to Type, Application, and Distribution channel. Depending on the type, the millet market can be classified into pearl millet, finger millet, prose millet, foxtail millet and others. Pearl sorghum adapts well to hot climates and is drought tolerant. It grows better than other grains in hot, dry areas. Pearl sorghum does well in sandy soils where most other crops fail. Proso millet is mainly adapted to a drier continental climate than most other millets. Also known as common millet, it requires the least amount of water.
millet market is segmented into bakery products, baby food, steamed products, porridge, bread, breakfast food, beverage and animal feed. Porridge and steamed dishes are among the main products traditionally cooked in millet. They are mainly consumed in India and other parts of Africa. It is a food that is usually prepared with oat millet. Sorghum and other sorghum-producing countries tend to consume a thick, hard porridge. Bakery products, including packaged cookies, are becoming increasingly important as they are available in supermarkets, hypermarkets, and e-commerce sites, especially in Asia-Pacific countries.
the market is segmented into supermarkets, trade associations, online stores and traditional grocery stores. Online stores or e-commerce sites are emerging as viable distribution channels for product processors and should show promise. Average growth rate of more than 3% or more per year by 2025. This is one of the best-known channels for canned millet brands and helps processors build their own supply chains that provide services such as home delivery. It also reduces dependence on third-party retailers and traditional grocery stores.
The Market for Millets has been categorized on the basis of geography to offer a clear understanding of the global market, the world Market for Millets has been studied in four regions: North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Among all regions, North America is expected to emerge as the largest market for millet, followed by Asia-Pacific excluding Japan (APEJ), in terms of sales. North American millet and APEJ sales revenue will account for more than a third of the total market during the forecast period. Europe will also remain a lucrative market for millet, which is expected to post a CAGR similar to the APEJ by 2026. Africa and Asia-Pacific are the main regions where almost all varieties of millet are produced. The arid climate regions of the country in this sub-region of Africa are suitable for millet production. India produces all kinds of products and processed forms, which attract the attention of the urban population of the country. Nigeria is a renowned producer of pearl and dog grass products. The governments of these countries have also understood the importance of products in terms of food safety and environmental sustainability. Therefore, they are gradually taking steps to increase yields and introduce products to people through various forms of processing.
Latin America is expected to show steady expansion in the world millet market, but sales in this region are expected to maintain a low share of market revenue. Millet plays an important role in many countries in Africa and Asia in terms of food security and economy. Due to their hypoglycemic and gluten-free properties, they are gaining popularity in Europe and North America.
The Middle East and Africa is one of the main emerging regions, which will generate significant opportunities in the market during the anticipated period due to the increasing because it contains calcium, iron and fiber that help strengthen essential nutrients for healthy growth in children. The region is expected to experience moderate growth during the forecast period due to the above factors. Turkey is considered a crucial market in the Middle East and Africa.
Key players in the Millets Market are Roundstone Native Seed Company, Archer Daniels Midland Company, Bayer Crop Science AG, Ernst Conservation Seeds, Wise Seed Company, Inc, E.I. DuPont De Nemours and Company, Brett-Young Seeds Limited, and Cargill.
In February 2021, Tata Consumer Products Limited (TCPL) announced today that it has signed definitive agreements to acquire 100% of the shares of Kottaram Agro Foods (KAF), owner of the “Soulfull” brand. This move is in line with TCPL's strategic intention to expand its product portfolio and engage in multiple opportunities for consumers. KAF was founded by Prashant Parameswaran, Rasika Prashant, Dr. KK Narayanan and Amith Sebastian and the 'Soulfull' brand was launched in 2013. The brand operates in the health and wellness-oriented food segment with a portfolio of millet products for kids and adults. It is one of the fastest growing brands in the Indian 'best for you' packaged food market.
This research report on the global Millets Market has been segmented and sub-segmented based on Type, Application, Distribution Channel & region.
By Type
By Application
By Distribution Channel
Frequently Asked Questions
Challenges facing the millets market include limited awareness and promotion, lack of infrastructure for processing and distribution, and the dominance of other cereal grains in mainstream diets. However, initiatives to promote millets as sustainable and nutritious food options are helping overcome these challenges.
Millets and millet-based products are available in health food stores, specialty grocery stores, ethnic markets, online retailers, and increasingly in mainstream supermarkets. They are often sold as whole grains, flour, flakes, and ready-to-eat products
Yes, millets are suitable for a wide range of dietary preferences and requirements, including gluten-free, vegetarian, vegan, and paleo diets. They offer a nutritious alternative to refined grains and can help diversify the diet.
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