Millets Market was valued at USD 9.4 Billion in 2022 and is projected to reach USD 18.2 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global millets market was valued at approximately USD 11.5 billion in 2022, reflecting a growing trend in the consumption of nutritious grains. The market is projected to expand at a compound annual growth rate (CAGR) of around 7.5% from 2023 to 2028. This growth trajectory is driven by the increasing awareness of health and wellness, coupled with the rising adoption of gluten-free diets. The demand for millets is particularly strong in regions such as Asia-Pacific and Africa, where these grains are integral to traditional diets and have seen renewed interest due to their nutritional benefits.
Emerging markets present substantial opportunities for growth, with significant potential in regions experiencing rapid urbanization and changing dietary preferences. The shift towards sustainable agricultural practices and the promotion of millets as a solution to food security issues further enhance market prospects. Additionally, government initiatives and support for millet cultivation, along with innovative product developments in the food industry, are expected to drive future market expansion. The increasing incorporation of millets into processed foods and snacks is anticipated to open new avenues for growth in both developed and developing markets.
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Archer Daniels Midland Company
Cargill
Inc
Bunge Limited
Bayer Crop Science AG
Wise Seed Company
Inc
Ardent Mills
E.I Dupont De Nemours and Company
Brett-Young Seeds Limited
Ernst Conservation Seeds
Roundstone Native Seed Company
Glanbia Nutritionals Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Millets Market
Bakery
Beverages
Breakfast Foods
Fodder
Others
Based on Types the Market is categorized into Below types that held the largest Millets market share In 2023.
Pearl Millet
Finger Millet
Proso Millet
Foxtail Millet
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Millets Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Millets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Millets Market, By Type
6. Global Millets Market, By Application
7. Global Millets Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Millets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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