Press release
Millet Market to Reach USD 15.82 Billion by 2030, Fueled by 4.82% CAGR
Millet Market
Millet Market Overview:
Millets are small-seeded grains cultivated primarily in Asia and Africa, valued for their resilience in arid conditions and high nutritional content. They serve as a vital food source and animal fodder in several countries, offering advantages over traditional cereals like wheat and rice. The global millet market was valued at USD 11.38 billion in 2023 and is projected to reach nearly USD 15.82 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.82%.
Download a Free Sample Report Today: https://www.maximizemarketresearch.com/request-sample/105674/
Millet Market Dynamics:
The market's growth is propelled by several factors:
Health Benefits: Millets are gluten-free, non-allergenic, easy to digest, and rich in proteins, antioxidants, and dietary fiber. They aid in weight management, improve hemoglobin levels, and help combat anemia, diabetes, and cardiovascular diseases.
Sustainable Agriculture: Millets require minimal water and are less susceptible to pests, making them ideal for sustainable farming practices. Their cultivation supports environmental conservation and offers economic benefits to farmers.
Government Initiatives: The United Nations General Assembly declared 2023 as the International Year of Millets, encouraging global production and consumption. Governments worldwide are promoting millets through subsidies, research, and development programs.
Millet Market Outlook and Future Trends
The future of the millet market appears promising, with trends indicating:
Product Innovation: Food companies are developing a variety of millet-based products, including ready-to-eat meals, snacks, and beverages, catering to health-conscious consumers.
Market Expansion: Emerging economies are witnessing increased millet cultivation and consumption, driven by traditional dietary habits and rising health awareness.
Sustainability Focus: As climate change impacts agriculture, millets' resilience positions them as a crucial crop for ensuring food security and promoting sustainable farming practices.
Key Recent Developments:
Vietnam: The Vietnamese economy has seen a surge in mergers and acquisitions, with 1,120 inbound deals totaling nearly USD 15 billion, reflecting foreign companies' interest in accessing the Vietnamese market.
Wikipedia
Thailand: Thai Union Group expanded its portfolio by acquiring German seafood company Rügen Fisch AG in 2016 and investing USD 575 million in Red Lobster, the world's largest seafood restaurant company, in the same year.
Wikipedia
Japan: In May 2023, Ajinomoto signed a letter of intent for a strategic alliance with Solar Foods, a company that developed Solein, a microbial protein, and obtained a marketing license in Singapore. In November 2023, Ajinomoto acquired US-based Forge Biologics for USD 620 million.
Wikipedia
South Korea: The South Korean food industry is witnessing increased incorporation of millets into various products, aligning with the global trend of health-conscious consumption.
Singapore: Ajinomoto's strategic alliance with Solar Foods in May 2023 highlights Singapore's role in advancing sustainable food technologies and alternative proteins.
United States: In April 2024, General Mills launched a new line of millet-based cereals under its Nature Valley brand, targeting the growing market for nutritious breakfast options.
Europe: The European millet market is experiencing growth driven by health consciousness and a rising number of vegans. Countries like Germany, France, and the UK are leading this trend, with companies focusing on developing innovative millet-based food products.
Millet Market Segmentation
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
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report: https://www.maximizemarketresearch.com/request-sample/105674/
Some of the current players in the Millet Market are:
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)
For additional reports on related topics, visit our website
♦ Fast Food Market https://www.maximizemarketresearch.com/market-report/global-fast-food-market/28718/
♦ Chocolate Market https://www.maximizemarketresearch.com/market-report/global-chocolate-market/13157/
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
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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Millet Market to Reach USD 15.82 Billion by 2030, Fueled by 4.82% CAGR here
News-ID: 3960314 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD
Ultrafiltered Milk Market Valued at USD 8.36 Billion in 2024, Anticipated to Gro …
The Ultrafiltered Milk Market size was valued at USD 8.36 Billion in 2024 and the total Ultrafiltered Milk revenue is expected to grow at a CAGR of 4.6% from 2025 to 2032, reaching nearly USD 11.99 Billion.
Ultrafiltered Milk Market Overview:
Ultrafiltered milk is gaining increasing attention in the dairy and functional food sectors thanks to its enhanced nutritional profile. Through a specialized membrane filtration process, ultrafiltration concentrates higher-molecular weight components…
Bath Towel Market to Grow from USD 10.46 Billion by 2032 at a CAGR of 6.7 %
The Bath Towel Market size reached USD 6.23 Bn in 2024 and is expected to reach USD 10.46 Bn by 2032, growing at a CAGR of 6.7 % during the forecast period.
Bath Towel Market Overview:
The bath towel industry is witnessing steady expansion, fueled by consumers' increasing focus on hygiene, comfort, and home aesthetics. High demand for plush, absorbent towels made of luxury materials such as Egyptian cotton, Turkish cotton,…
Carob Market to Reach USD 374.76 Million by 2032 Growing at a 5.3% CAGR
The global Carob Market was valued at USD 247.92 million in 2024 and is projected to reach USD 374.76 million by 2032, expanding at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2032.
Carob Market Overview:
The carob market is experiencing significant growth, driven by its increasing popularity as a natural sweetener and plant-based alternative to chocolate. Derived from the seed pods of the carob…
Welding Electrode Market Expected To Reach USD 11.27 Bn by 2032
The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion.
Welding Electrode Market Overview:
The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining of…
More Releases for Millet
Millet Based Snacks Market Is Booming So Rapidly 2025 - 2032 |Kiru Millet, Orgtr …
The Millet Based Snacks industry has seen a notable rise in consumer interest, driven by increasing health consciousness and the demand for gluten-free, nutrient-rich food products across multiple regions. As healthier snacking habits gain traction, production innovations and diversified product offerings contribute significantly to business growth and expanding market scope. The Global Millet Based Snacks Market size is estimated to be valued at USD 2.79 billion in 2025 and is…
Millet Based Snacks Market Projected To Witness Substantial Growth, 2025-2032 | …
The millet based snacks market is estimated to be valued at USD 2.79 Bn in 2025 and is expected to reach USD 4.12 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032.
According to a new report by Coherent Market Insights, titled "Millet Based Snacks Market Size 2025, provides insightful information about regional and international markets that are anticipated to expand between 2025 and…
Millet Processing Plant Setup: Key Steps & Requirements
Setting up a millet processing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Millet Processing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a millet processing plant,…
Millet Processing Plant Setup: Key Steps & Requirements
Setting up a millet processing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Millet Processing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a millet processing plant,…
Millet Based Snacks Market Growth in Future Scope 2025-2032 | Kiru Millet, Orgtr …
The latest study, titled Millet Based Snacks Market 2025, published by Coherent Market Insights, offers valuable insights into regional and global markets expected to grow between 2025 and 2032. This comprehensive research examines evolving market dynamics, value chain analysis, key investment areas, competitive landscape, regional trends, and major market segments. It also provides an in-depth evaluation of market drivers and constraints. Furthermore, the report highlights effective strategies and emerging opportunities,…
Millet Based Snacks Market to See Booming Growth 2025-2032 | Kiru Millet, Orgtre …
Millet Based Snacks Market to grow at a CAGR of 5.5% (2025 - 2032)
The Millet Based Snacks Market Report is the result of extensive research and analysis conducted by our team of experienced market researchers through -
• 70% efforts of Primary Research
• 15% efforts of Secondary Research
• 15% efforts from the subscription to Paid database providing industry overview, macro and micro economics factors, and financials of private limited companies
As per…
