Global Millets Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The global millets market has witnessed remarkable growth in recent years, driven by increasing consumer awareness of the health benefits of these ancient grains. Millets, once a staple in many parts of the world, are now being embraced for their nutritional value and versatility in the food industry. The market is expected to continue expanding as millets are recognized for being rich in essential nutrients like fiber, protein, and micronutrients. This has led to their growing popularity in various sectors, from food and beverages to animal feed and biofuels.
Millets are often hailed as a superfood due to their low glycemic index and high antioxidant properties. As people increasingly focus on healthy eating and managing lifestyle diseases like diabetes and obesity, the demand for gluten-free, plant-based, and high-fiber food alternatives has surged. Millets such as pearl millet, finger millet, and foxtail millet have found their way into health-conscious kitchens, from millets flour used in gluten-free baking to ready-to-eat millet-based snacks.
Another major driver of the millets market is its sustainability aspect. Millets are known for their ability to grow in drought-prone areas with minimal water requirements, making them an ideal crop in regions facing water scarcity. As climate change continues to affect global food systems, millets provide a resilient and eco-friendly solution to food security challenges. Additionally, millets are environmentally friendly, requiring fewer pesticides and fertilizers compared to other grains like wheat and rice.
The Asia Pacific region dominates the global millets market, with India being the largest producer and consumer of millets. The demand for millets is also growing in Western countries as consumers seek plant-based and sustainable food options. As the market expands, innovative companies are exploring millet-based products, further pushing the grain into mainstream markets.
Millets’ versatility, health benefits, and sustainability position them as a key player in the global food landscape. Their future seems promising as more consumers adopt healthier diets and embrace environmentally sustainable food choices.
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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, Global, 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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