Millet Market is expected to register exponential growth

The Global millet market size is expected to be valued at USD 11.24 thousand units in 2024 and reach USD 14.11 thousand units by 2029, growing at a CAGR of 4.66% from 2024 to 2029.

Global Millets Market Report Scope:
• Market Size (2029): USD 14.11 thousand units
• Market Size (2024): USD 11.24 thousand units
• CAGR (2024 to 2029): 4.66%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Type, Application, Distribution Channel, & Country
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: Archer Daniels Midland Company, Cargill, Inc., Brett-Young Seeds Limited, E.I. DuPont De Nemours and Company, Wise Seed Company, Inc., Ernst Conservation Seeds, Bayer Crop Science AG, Roundstone Native Seed Company are playing a dominant role in the millets market.

Increasing awareness of the presence of nutritional value in the consumption of millet is accelerating the growth rate of the market. There is an increasing production rate of millet globally due to its benefits in improving health. According to the US Agriculture's Foreign Agricultural Service, around 304.8 lakh tons of millets were produced globally, whereas India produced 120 Lakh tonnes of millets in the year 2022. India is a huge producer of millet in the world. The launch of various recipes with millets in bakery products, biscuits, chocolates, bars, and beverages is enhancing the market size. Millets have become a daily diet for fitness freaks due to various nutritional values. Therefore, the demand for millet among health-conscious people is growing rapidly, which is elevating the market size.

Millets have been proven to maintain good health among people suffering from heart-related problems, cholesterol, obesity, and other health conditions. Millets are rich in fiber, vitamins, and proteins that have the ability to prevent many diseases, greatly influencing the growth rate of the market. According to a recent survey, millets have reduced bad cholesterol by 10%, whereas they also lowered the high levels of cholesterol to normal levels by improving the good cholesterol level by 6%. Therefore, reduced cholesterol levels are attributed to lower heart-related issues, which is why the demand for the consumption of nutri-cereals is increasing across the world. Also, the reduced production rate of rice and wheat is adding fuel to the growth rate of the market. Millets can be easily in low soil fertility land and withstand adverse climatic conditions, which is ascribed as another attribute boosting the market growth rate.

However, difficulty in storing and processing the millet as they are very small in size is a big challenging factor for the key players, which is certainly hindering the growth rate of the market. Lack of standardization is also acting as a barrier to the growth rate of the market. Production of quality seeds is becoming a major concern because the people in urban areas mostly prefer high-quality products, which is additionally impeding the market value. With the rising demand and fluctuations in the supply chain, the cost of millet is spurring. Therefore, the fluctuations in the cost of the millets are likely to limit the growth rate of the market.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/millet-market

Key Insights from the Report:
• By Type, Pearl sorghum adapts well to hot climates and is resistant to drought. It grows better than other grains in warm, dry areas. Pearl sorghum does well on sandy soils where most other crops fail. Proso millet is mainly suitable for a drier continental climate than most other millets. Also known as regular millet, it requires the least amount of water.

• Based on Application, Porridge and steamed dishes have been some of the main products traditionally cooked in millet. They are mainly consumed in India and other parts of Africa. It is a food that is commonly prepared with oat millet. Sorghum and other sorghum-producing countries generally consume thick, tough porridge. Bakery products, including packaged cookies, are becoming increasingly important as they are easily accessible in supermarkets, hypermarkets, and e-commerce sites, especially in Asia Pacific countries.

• Based on Distribution Channels, Online stores or e-commerce sites are emerging as viable distribution channels for product processors and are likely to show promise. Average growth rate of more than 3% or more per year by 2025. It is one of the best-known channels for canned millet brands and helps processors create their own supply chains that provide services such as door-to-door delivery. It also reduces dependency on third-party retailers and traditional grocery stores.

• North America is estimated to establish itself as the largest market for millet, followed by Asia Pacific, excluding Japan (APEJ), in terms of sales. North American and APEJ millet sales revenue will account for more than one-third of the total market during the forecast period.

• Archer Daniels Midland Company, Cargill, Inc., Brett-Young Seeds Limited, E.I. DuPont De Nemours and Company, Wise Seed Company, Inc., Ernst Conservation Seeds, Bayer Crop Science AG, Roundstone Native Seed Company

SEGMENTATION INCLUDED IN THIS REPORT:
By Type:
• Pearl millet
• Finger millet
• Proso millet
• Foxtail millet
• Others
By Application:
• Bakery products
• Baby food
• Steamed products
• Porridge
• Bread
• Breakfast foods
• Beverages
• Animal feed
By Distribution Channel:
• Supermarkets
• Trade associations
• Online stores
• Traditional grocery stores
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Browse Regional Reports:
North America Millet Market Research Report - segmented by Type, Application, Distribution Channel, Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-millets-market

Europe Millet Market Research Report Research Report - segmented by Type, Application, Distribution Channel, and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-millets-market

APAC Millet Market Research Report - Segmented By Type, Application, Distribution Channel, & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) - https://www.marketdataforecast.com/market-reports/asia-pacific-millets-market

Latin America Millet Market Research Report - segmented by Type, Application, Distribution Channel, & Country (Brazil, Argentina, Chile, and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-millets-market

Middle East & Africa Millet Market Research Report - Segmented By Type, Application, Distribution Channel, & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-millets-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Millets Market, By Type
6.1.1 Pearl Millet
6.1.2 Finger Millet
6.1.3 Proso Millet
6.1.4 Foxtail Millet
6.1.5 Market Size Estimations & Forecasts (2024-2029)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Millets Market, By Application
6.2.1 Bakery Products
6.2.2 Infant Food
6.2.3 Steam Cooked Products
6.2.4 Porridges
6.2.5 Breads
6.2.6 Breakfast Food
6.2.7 Beverages
6.2.8 Fodder
6.2.9 Market Size Estimations & Forecasts (2024-2029)
6.2.10 Y-o-Y Growth Rate Analysis
6.2.11 Market Attractiveness Index
6.3 Millets Market, By Distribution Channel
6.3.1 Supermarket
6.3.2 Trade Associations
6.3.3 Online Stores
6.3.4 Traditional Grocery Stores
6.3.5 Market Size Estimations & Forecasts (2024-2029)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Application
7.2.4 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Application
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 Archer Daniels Midland Company
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Cargill, Inc
8.3 Brett-Young Seeds Limited
8.4 E.I. DuPont De Nemours and Company
8.5 Wise Seed Company, Inc
8.6 Ernst Conservation Seeds
8.7 Bayer Crop Science AG
8.8 Roundstone Native Seed Company
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures

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Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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