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 has experienced substantial growth due to the increasing demand for gluten-free and nutritious food options. Millets are small-seeded grasses, cultivated widely across the globe, with a primary application in food and beverages. The market is segmented based on different applications, including bakery, beverages, breakfast foods, fodder, and others. Millets, with their health benefits and versatile applications, are expected to witness continued demand as consumer preferences shift toward plant-based and sustainable food sources.
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This report delves into the specific application subsegments, providing insights into each one’s significance and market potential. The bakery segment, in particular, has become a major contributor to the growing demand for millets, as more consumers seek healthier, gluten-free alternatives in their baked goods. Other applications, such as breakfast foods and fodder, also offer valuable market opportunities, each catering to specific consumer needs and industry requirements. The increasing focus on sustainability and environmental awareness further bolsters the demand for millets, especially in markets that prioritize eco-friendly agricultural practices.
The bakery segment of the millets market has seen remarkable growth as more consumers are opting for gluten-free, organic, and nutritious alternatives to traditional wheat-based products. Millets, rich in fiber, protein, vitamins, and minerals, are an ideal ingredient for baked goods. They are used in various bakery products such as bread, muffins, cakes, and cookies, where they provide a healthier option for consumers with dietary restrictions like celiac disease or gluten sensitivity. Moreover, millets contribute to the improved texture and taste of these baked goods, making them an appealing choice for health-conscious consumers. As consumers increasingly demand clean-label, natural ingredients, the bakery subsegment of millets is expected to maintain a strong growth trajectory.In addition to meeting the needs of health-conscious individuals, the bakery market is also being driven by the growing popularity of plant-based diets and the rise of veganism. Millets are a great source of plant-based proteins, making them an attractive option for vegan and vegetarian baked goods. The increasing focus on functional foods is also pushing the demand for millets, as they offer additional nutritional benefits, such as enhanced digestion, lower cholesterol, and better heart health. With these numerous advantages, the bakery subsegment is poised for expansion, particularly in regions where gluten-free and functional food trends are gaining traction.
The beverages segment is emerging as a key application area for millets, especially in the form of millet-based drinks and beverages that cater to health-conscious consumers. Millets are used to produce a variety of drinks, including millet-based smoothies, energy drinks, and plant-based milks. These beverages offer nutritional benefits such as high fiber content, antioxidants, and essential minerals like iron and magnesium. The rise of plant-based and functional beverages is contributing significantly to the growing demand for millet-based drinks, particularly in regions where dairy-free and gluten-free alternatives are popular. Moreover, millet-based beverages are being recognized for their positive impact on digestive health, making them an attractive option for consumers looking for gut-friendly alternatives.The growing trend of consumers seeking natural, organic, and non-GMO ingredients has propelled millets into the spotlight within the beverage industry. Millets are used in the production of millet-based flours and powders, which are often used as the foundation for functional beverages. These drinks are becoming increasingly popular in both emerging and developed markets, where health-conscious individuals are looking for alternatives to sugary sodas and artificial beverages. The potential for millet-based drinks to cater to niche markets, such as the gluten-free or dairy-free population, positions this segment for strong future growth.
The breakfast foods segment has increasingly adopted millets as a staple ingredient, driven by the rising demand for nutritious and wholesome morning meals. Millet-based breakfast products, such as cereals, porridge, and granola, offer a great alternative to traditional breakfast foods like oats or cornflakes, providing higher levels of fiber, protein, and essential micronutrients. As consumers continue to prioritize balanced, nutrient-dense meals, millets have become a popular choice for breakfast foods due to their health benefits, including improved digestion and better cardiovascular health. The availability of ready-to-eat and quick-to-prepare millet-based breakfast products is also contributing to the growing popularity of millets in this application segment.Furthermore, the growing trend of health-conscious eating habits, including low-glycemic index diets and clean eating, has created a significant demand for millet-based breakfast foods. Millets are naturally gluten-free and are high in complex carbohydrates, making them a suitable choice for individuals seeking to maintain steady energy levels throughout the morning. The versatility of millets also allows them to be incorporated into a variety of breakfast foods, from baked goods to smoothies, giving consumers more options to start their day on a healthy note. As breakfast foods continue to evolve and cater to changing dietary preferences, the millet segment in this market is expected to grow substantially.
The fodder segment represents a significant portion of the millets market, with millets being used as feed for livestock, including cattle, poultry, and sheep. Millets are a rich source of nutrients, including protein, fiber, and essential vitamins and minerals, making them an ideal choice for animal feed. They are particularly beneficial for livestock raised in regions where traditional grains like corn or wheat are either scarce or expensive. In addition, millets are highly drought-resistant, making them a viable option for fodder in areas prone to water scarcity and challenging climatic conditions. The demand for millets in the fodder market is driven by the need for more sustainable and cost-effective feed alternatives for livestock farming.Another important factor contributing to the growth of millets in the fodder segment is the increasing focus on sustainable agricultural practices. Millets are more environmentally friendly compared to other grains, as they require less water, fewer pesticides, and have a lower carbon footprint. This makes them an attractive option for livestock producers looking to adopt greener practices and reduce the environmental impact of their operations. As the global demand for meat and dairy products continues to rise, the use of millets as fodder is expected to increase, particularly in regions that emphasize sustainable and eco-conscious farming practices.
The "others" category in the millets market covers a wide range of applications beyond food and animal feed. These include the use of millets in biofuels, biodegradable packaging, and even in the production of eco-friendly textiles. As industries continue to explore alternative and sustainable materials, millets have found applications in the production of biofuels due to their high starch content, which can be converted into ethanol. Additionally, millets are being explored as a potential raw material in the development of biodegradable plastics and packaging materials, offering an eco-friendly alternative to traditional petroleum-based plastics. The use of millets in these industries is gaining attention due to the growing focus on sustainability and the need for renewable resources.Furthermore, the use of millets in textiles has emerged as an innovative application, where millet husks are used as natural fibers in the production of clothing and other fabric-based products. This represents a growing trend toward using plant-based, renewable resources in the fashion industry. The versatility of millets, combined with their sustainability benefits, positions them as a valuable resource for various industries looking to reduce their environmental impact and shift toward greener alternatives. As technological advancements in these areas continue to evolve, the "others" segment of the millets market is likely to see further expansion and innovation.
One of the key trends in the millets market is the increasing demand for plant-based, gluten-free, and organic products. As more consumers embrace plant-based diets and seek alternatives to traditional grains, millets are being recognized as a highly nutritious and versatile ingredient in food products. The rise in demand for functional foods that offer health benefits, such as improved digestion and heart health, has also contributed to the popularity of millets. Additionally, there is growing awareness about the environmental benefits of millets, particularly their lower water usage and carbon footprint compared to other grains, which has positioned them as an eco-friendly choice for both consumers and producers alike.Another significant trend is the growing interest in millet-based beverages. As consumers seek healthier, dairy-free, and gluten-free alternatives to sugary drinks and sodas, millet-based drinks are gaining traction in both developed and emerging markets. The expansion of millet-based breakfast foods, snacks, and bakery products further highlights the shift toward plant-based, health-focused foods. Additionally, the increased focus on sustainability and eco-conscious farming practices has created new opportunities for millets, particularly in the production of biofuels, biodegradable packaging, and other eco-friendly materials. These trends indicate a promising future for millets in various industries, from food and beverages to sustainable agriculture.
The millets market offers several lucrative opportunities for growth and innovation. One of the primary opportunities lies in the increasing consumer demand for gluten-free, plant-based, and functional foods. Millets, with their nutritional profile and versatility, can be used to create a wide range of products that cater to this growing market. The bakery, beverages, and breakfast food segments present significant opportunities for companies to introduce new millet-based products that meet the needs of health-conscious consumers. Moreover, as more consumers embrace clean-label and organic foods, millets can be positioned as a key ingredient in these product categories.Another promising opportunity is the growing demand for sustainable agricultural practices. Millets are a drought-resistant crop that requires less water and fewer pesticides compared to traditional grains, making them an ideal choice for eco-conscious farmers. The potential for millets to be used in biofuels, biodegradable packaging, and textiles also presents opportunities for innovation in various industries. As sustainability continues to be a major focus for consumers, brands, and governments, the millets market is poised to benefit from the increasing shift toward environmentally friendly practices across multiple sectors.
1. What are the main applications of millets in the market?
Millets are used in various applications, including bakery products, beverages, breakfast foods, fodder, and eco-friendly materials.
2. Why is there a growing demand for millet-based bakery products?
The demand is driven by the increasing preference for gluten-free, nutritious, and plant-based alternatives to traditional baked goods.
3. What are the health benefits of consuming millets?
Millets are rich in fiber, protein, essential minerals, and vitamins, offering numerous health benefits like improved digestion and heart health.
4. How are millets used in beverages?
Millets are used in creating plant-based drinks such as smoothies, energy drinks, and dairy-free milk alternatives.
5. Are millets considered an eco-friendly crop?
Yes, millets are drought-resistant and require fewer resources, making them more sustainable compared to other crops like wheat or corn.
6. Can millets be used as animal feed?
Yes, millets are commonly used as fodder for livestock due to their high nutritional content and cost-effectiveness.
7. What makes millets a good choice for breakfast foods?
Millets are a healthy alternative to traditional breakfast cereals, providing high levels of fiber and essential nutrients.
8. Are there any opportunities for millets in the biofuel industry?
Yes, millets are being explored for use in biofuels, particularly due to their high starch content that can be converted into ethanol.
9. How do millets contribute to sustainability?
Millets are an environmentally friendly crop, requiring less water, fewer pesticides, and having a lower carbon footprint compared to other grains.
10. What are the key trends driving the growth of the millets market?
Key trends include the increasing demand for gluten-free and plant-based products, as well as the rising focus on sustainability in agriculture and manufacturing.
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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)
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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