Millet Market Size To Exceed USD 18.6 Billion By 2032 | CAGR of 4.14%

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐢𝐥𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬: 𝐔𝐒𝐃 𝟏𝟖.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐕𝐚𝐥𝐮𝐞 𝐛𝐲 𝟐𝟎𝟑𝟐

𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

● The global millet market size reached USD 12.9 Billion  in 2023.
● The market is expected to reach USD 18.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.14% during 2024-2032.
● Asia Pacific leads the market, accounting for the largest millet market share.
● Pearl millet accounts for the majority of the market share in the product type segment as it offers nutritional content like protein, vitamins, and minerals.  
● Infant food holds the largest share in the millet industry.
● Traditional grocery stores remain a dominant segment in the market due to the diverse availability of products under one roof.
● The rising awareness about the health benefits of the product is a primary driver of the millet market.
● The increasing focus on sustainable agriculture and demand for organic products are reshaping the millet market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/millet-market/requestsample

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

● 𝐇𝐞𝐚𝐥𝐭𝐡 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:

Millets are gaining popularity due to their impressive nutritional profile. They are rich in essential nutrients, including proteins, dietary fiber, B vitamins, and minerals like iron, calcium, and magnesium. Their gluten-free nature makes them a great alternative for those with gluten intolerance or celiac disease. Additionally, millets have a low glycemic index, which helps manage blood sugar levels, making them favorable for individuals with diabetes. As consumers become more health-conscious and seek nutrient-dense foods, millets are seen as a superfood option. The trend of clean eating and the demand for functional food items contribute to market growth.

● 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞:

Millets are resilient crops, well-suited to arid and semi-arid climates. They require much less water than staple grains like rice and wheat, making them a sustainable choice. As climate change challenges food security and agricultural productivity, millets offer a viable solution for sustainable farming. Their ability to thrive in poor soil conditions and withstand drought reduces the need for chemical fertilizers and excessive irrigation. This aligns with the increased focus on sustainable agricultural practices. Moreover, as consumers become more aware of their environmental impact, they seek sustainable food options. The rising focus on sustainable farming solutions is driving market growth.

● 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬:

Demand for organic products is increasing due to health and eco-consciousness among consumers. Millets are often grown using organic farming methods and are recognized for their health benefits and sustainability. Consumers are becoming more selective about their food choices, looking for products free from synthetic pesticides, fertilizers, and GMOs. This shift towards organic consumption opens new market opportunities for millet producers. Many farmers are moving to organic farming to meet this demand, leading to a wider variety of organic millet products like flours, snacks, and ready-to-eat meals. This growing market segment not only enhances consumer choices but also supports sustainable farming practices, contributing to the overall growth of the millet market.

𝐁𝐮𝐲 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/checkout?id=7362&method=502

𝐌𝐢𝐥𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

● Pearl Millet
● Finger Millet
● Proso Millet
● Others

Pearl millet accounts for the majority of shares as it offers nutritional content like protein, vitamins, and minerals.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

● Infant Food
● Bakery Products
● Beverages
● Others

Infant food dominates the market on account of the increasing focus on maintaining the enhanced health of babies.       

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

● Supermarket and Hypermarkets
● Traditional Grocery Stores
● Online Stores
● Others

Traditional grocery stores represent the majority of shares due to the diverse availability of products under one roof.    

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

Asia Pacific enjoys the leading position owing to a large market for millet driven by the rising health consciousness among individuals.

𝐓𝐨𝐩 𝐌𝐢𝐥𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The millet market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● Archer-Daniels-Midland Company
● Bayer AG
● Brett-Young Seeds Limited
● Cargill Incorporated
● Ernst Conservation Seeds
● Roundstone Native Seed Company
● Seedway LLC

𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

𝐂𝐚𝐭𝐭𝐥𝐞 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/686500167/cattle-healthcare-market-2024-recent-trends-and-regional-growth-forecast-by-2032

𝐂𝐚𝐦𝐞𝐫𝐚 𝐒𝐭𝐫𝐚𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/686505443/camera-straps-market-2024-recent-trends-and-regional-growth-forecast-by-2032

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐭𝐞𝐭𝐡𝐨𝐬𝐜𝐨𝐩𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/686507376/digital-stethoscope-market-size-share-trends-growth-and-forecast-2024-2032

𝐃𝐨𝐜𝐤 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐢𝐧𝐠 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.einpresswire.com/article/686509262/dock-scheduling-software-market-report-2024-growth-size-demand-and-forecast-by-2032

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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