Millet Market to See Significant Growth to USD 15.82 Billion by 2030

The 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 a diverse group of small, round grains grown predominantly in regions across Asia and Africa, including countries like India and Nigeria. These grains are known for their resilience, thriving in harsh climates, infertile soils, and facing fewer challenges from pests compared to other crops. Millets are gluten-free, low-glycemic, and packed with essential nutrients, making them a preferred option for health-conscious consumers. They come in various colors such as white, red, yellow, and gray. Moreover, millets have a significant role in sustainable agriculture and are a crucial staple for food and animal fodder in many parts of Africa and Asia. The growing popularity of millets is closely linked to their nutritional advantages, environmental benefits, and increasing consumer demand for healthy alternatives.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/105674/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐢𝐥𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:

The demand for millets has been rapidly growing, driven by rising awareness of their nutritional benefits and the increasing prevalence of lifestyle-related health issues. Millets are rich in essential nutrients, including proteins, antioxidants, dietary fiber, and minerals, which help combat conditions such as anemia, diabetes, and cardiovascular diseases. According to the National Family Health Survey, health issues like anemia and stunting are widespread, driving interest in healthier alternatives like millet. Moreover, with the United Nations declaring 2023 as the International Year of Millets, global initiatives are pushing for greater adoption of these grains. Additionally, changing consumer lifestyles, with a preference for organic and healthy foods, coupled with increasing awareness about the environmental impact of traditional grain farming, are key drivers behind the growing millet market.

𝐌𝐢𝐥𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

A major trend in the millet market is the shift towards organic and health-focused food products. Consumers are increasingly seeking superfoods with high nutritional content, and millets fit perfectly into this demand. The demand for millet-based products such as baked goods, beverages, and baby foods is on the rise, particularly in Asia-Pacific and African regions. Another key trend is the growing interest in sustainable agriculture, with millets offering an eco-friendly alternative to conventional crops like rice and wheat. The millet market is also witnessing an increased adoption of e-commerce and online retail channels, as more consumers prefer the convenience of purchasing health-oriented products through digital platforms. This transition towards digital sales channels is expected to continue to accelerate during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/105674/

𝐌𝐢𝐥𝐥𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The millet market presents a host of opportunities, especially with increasing government support for millet cultivation. Various initiatives, including financial aid, infrastructure development, and technology transfer, are being introduced to promote millet production. The Minimum Support Price (MSP) for millets in several countries has created an environment conducive to increased production. Additionally, advancements in processing technology and the establishment of processing units closer to production sites have reduced costs and opened up new revenue streams for farmers. The growing international demand for organic and nutritious millet-based products also offers an attractive opportunity for producers to tap into global markets, especially as awareness about the health benefits of millets continues to spread.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦, 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝, 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞, 𝐉𝐚𝐩𝐚𝐧, 𝐚𝐧𝐝 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐚𝐧𝐝 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 have seen a rise in millet cultivation due to their increasing focus on sustainable agriculture. These countries have started integrating millets into their local food production systems to promote biodiversity and food security.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 has recently seen the emergence of innovative millet-based food products, with several food startups entering the market to offer ready-to-eat and gluten-free options. This trend is expected to boost millet consumption in the Southeast Asian region.

𝐉𝐚𝐩𝐚𝐧 𝐚𝐧𝐝 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 are increasingly turning to millets as part of their strategy to diversify food sources. With a growing emphasis on health and wellness, consumers in these countries are demanding more plant-based, low-calorie foods, including millets, in their diets.

𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

In 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬, particularly in 𝐆𝐞𝐫𝐦𝐚𝐧𝐲, 𝐁𝐞𝐥𝐠𝐢𝐮𝐦, and 𝐅𝐫𝐚𝐧𝐜𝐞, millets are gaining popularity due to their nutritional profile and role in sustainable agriculture. Many European consumers are shifting toward organic, gluten-free alternatives, making millets a valuable crop in the region.

The 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 is experiencing a rise in millet-based products in supermarkets, driven by consumer demand for healthier, more sustainable food options. The USDA has also supported millet production through various agricultural incentives, helping to increase yields and streamline processing efforts.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐒𝐚𝐦𝐩𝐥𝐞: 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

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭: https://www.maximizemarketresearch.com/market-report/global-millet-market/105674/ 

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)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ Decaffeinated Coffee Market https://www.maximizemarketresearch.com/market-report/decaffeinated-coffee-market/198492/

♦ Cross Laminated Timber Market https://www.maximizemarketresearch.com/market-report/global-cross-laminated-timber-market/65493/

♦ 3D Scanner Market https://www.maximizemarketresearch.com/market-report/global-3d-scanner-market/28003/

♦ Contact Center Software Market https://www.maximizemarketresearch.com/market-report/global-contact-center-software-market/6799/

♦ Rolling Stock Market https://www.maximizemarketresearch.com/market-report/global-rolling-stock-market/26747/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.