Millet Market Projected to Hit USD 15.82 Billion by 2030 at a CAGR of 4.82 %

Forecast Increase in Revenue:

Millet Market size was valued at USD 11.38 Billion in 2023 and the total Millet Market revenue is expected to grow at 4.82 % from 2024 to 2030, reaching nearly USD 15.82 Billion.

Millet Market Overview:

Millets are small, nutrient-rich grains cultivated mainly in India, Nigeria, and other Asian and African countries. Known for their resilience in harsh climates and poor soil conditions, millets offer significant advantages over traditional cereals due to their gluten-free and hypoglycemic properties. These grains outperform common cereals like wheat and rice in nutritional value and are available in various colors, including white, red, and pale yellow. The growing preference for millets is driven by their ability to thrive with minimal pesticide use and their role as a staple food and animal fodder in numerous regions.

𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐉𝐮𝐬𝐭 𝐚 𝐂𝐥𝐢𝐜𝐤 𝐀𝐰𝐚𝐲! https://www.maximizemarketresearch.com/request-sample/105674/

Drivers in the Millet Market:

The increasing global awareness of the health benefits of millets, such as improved digestion, reduced iron deficiency, and better management of diabetes and cardiovascular diseases, is driving market growth. The International Year of Millets 2023 declared by the UN has further accelerated demand, with numerous countries pledging support for millet promotion. The shift from traditional cereals like wheat and rice to millets, particularly in Asia-Pacific nations like China and India, is also contributing to the market's expansion as consumers seek healthier dietary options.

Millet Market Trends:

The market for millets is witnessing a significant rise in consumer preference for health-conscious foods, leading to increased demand for millet-based products. The trend towards sustainable agriculture and the need for nutrient-dense foods are propelling the growth of millets. Additionally, the rise of e-commerce platforms is facilitating easier access to millet products, enhancing their availability and consumer adoption. These trends reflect a growing global shift towards healthier eating habits and sustainable agricultural practices.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/inquiry-before-buying/105674/

Millet Market Opportunities:

Government initiatives promoting millet cultivation and processing, such as financial support and infrastructure development, are creating substantial opportunities in the millet market. The introduction of Minimum Support Prices (MSP) for key millet varieties has encouraged production, while improved processing facilities near production sites are reducing costs and enhancing profitability. These developments are expected to boost millet production and market growth, providing economic benefits to millet cultivators and expanding market reach.

What is Millet Market Regional Insight?

The Asia-Pacific region is a major hub for millet production and trade, with India being a leading producer and exporter. The region's high demand for millets, particularly pearl millet, and the increasing export activities to countries like Indonesia, Iran, and Germany, highlight its global significance. The United States is a key player in millet exports, while emerging markets like China, Kenya, and Oman are showing notable growth in millet consumption and export volumes, indicating a dynamic and expanding global market for millets.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/105674/ 

Segmentation Analysis of the Millet Market

by Product Type

finger millet
pearl millet
Kodo millet
foxtail millet
proso millet
barnyard millet
little millet

by Application

Bread goods,
Alcoholic and non-alcoholic beverages
Breakfast foods
Infant food

by Distribution Channel

super and hypermarkets
grocers
online retailers
Others

Who is the largest manufacturers of Millet Market worldwide?

1. Cargill (US)
2. Archer Daniels Midland Company (US)
3. Seedway, LLC. (US)
4. Ernst Conservation Seeds (US)
5. Eastern Colorado Seeds, LLC (US)
6. Roundstone Native Seed Company (US)
7. Allied Seed, LLC (US)
8. Janadhanya Farmers Producer Company Limited (India)
9. Sresta Natural Bioproducts Pvt Ltd (India)
10. Just Organik (India)
11. Earthon Products Pvt Ltd (India)
12. Shimla Hills Offerings Pvt. Ltd. (India)
13. Pristine Organics Pvt Ltd. (India)
14. Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) (India)
15. Viruthai Millets Farmer Producer Company Ltd. (India)
16. Crystal Crop Protection Pvt. Ltd. (India)
17. DUGAD Agro Foods (India)
18. Croda International Plc (UK)
19. Nestlé S.A. (Switzerland)
20. NH Foods Ltd (Japan)
21. Bayer Crop Science AG (Germany)
22. BASF SE (Germany)
23. Mirfak Pty Ltd, Nuts in Bulk (Australia)
24. RR Agroflorestal LTDA (Brazil)
25. Kerry Group plc (Ireland)
26. BrettYoung (canada)

𝐆𝐞𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.maximizemarketresearch.com/market-report/global-millet-market/105674/ 

Key Offerings:

Past Market Size and Competitive Landscape
Millet Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Millet Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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