Millet Flour Market Size, Share & Trends 2024-2033 | Growth & Key Players

The Business Research Company recently released a comprehensive report on the Global Millet Flour Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The millet flour market size has grown strongly in recent years. It will grow from $5.37 billion in 2023 to $5.83 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased awareness of the health benefits, high prevalence of gluten intolerance and celiac disease, government support and subsidies for millet cultivation in certain countries, the relative affordability of millet compared to other grains, demand for millet flour in traditional and ethnic cuisines.

The millet flour market size is expected to see strong growth in the next few years. It will grow to $8.15 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing focus on health and wellness, expanding gluten-free product lines by food manufacturers, new product innovations and diversification, such as ready-to-eat millet snacks and millet-based beverages, growing middle-class populations in developing countries, enhanced distribution networks and the growth of e-commerce platforms, continued emphasis on sustainable agriculture and eco-friendly practices. Major trends in the forecast period include expanding gluten-free product lines, innovative millet-based products, rising middle-class demand in developing countries, enhanced distribution channels, growth of e-commerce platforms, and emphasis on sustainable agriculture.

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Market Drivers and Trends:
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Major companies operating in the millet flour market are adopting innovative millet flour bakery and patisserie mixes to meet the rising demand for gluten-free and nutritious baked goods, catering to health-conscious consumers worldwide. Millet flour enhances bakery and patisserie mixes by providing gluten-free alternatives with a nutritious profile, catering to dietary preferences and health-conscious consumers. In August 2023, PURATOS INDIA, an India-based bakery and confectionery manufacturer, launched millets-based products such as Easy Puravita Millet Bread Mix and Tegral Satin Millet Cake Mix. These innovations promote health benefits by substituting jaggery for refined sugar and eliminating both refined sugar and refined wheat flour (maida), catering to the increasing demand for vegan options in the food industry while being entirely plant-based.

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Major Key Players of the Market:
ITC Limited, Hain Celestial Group, Ardent Mills LLC, Vitacost.com Inc., Bob's Red Mill Natural Foods Inc., King Arthur Baking Company, Azure Standard, Raja Foods LLC, Hodgson Mill, Doves Farm, Pristine Organics Pvt. Ltd., Conscious Food Pvt. Ltd., Jiwa, Desi Foods LLC, Great River Organic Milling Co., Just Organik, Manna Foods, Native Food Store Pvt. Ltd., Organic Tattva, Rani Foods Inc.

Millet Flour Market 2024 Key Insights:
• The millet flour market size is expected to see strong growth in the next few years. It will grow to $8.15 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
• Rising Demand For Healthy And Nutritious Food Products Drives Growth Of The Millet Flour Market
• Revolutionizing The Bakery Industry With Millet Flour Innovations For Health-Conscious Consumers
• Asia-Pacific was the largest region in the millet flour market in 2023

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