Millets Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Millets Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Millets Market Size During the Forecast Period?
The market scale of millets has experienced robust growth in the previous years. It is set to expand from $11.67 billion in 2024 to $12.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historic period can be linked to factors such as enhanced nutritional cognizance, evolving health and wellness trends, an increase in sustainable agriculture practices, and government endeavors.

The market size of millets is anticipated to exhibit significant expansion in the coming years, with an estimated value reaching $15.29 billion in 2029, accompanied by a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth during the forecasted period include global population increase, resilience to climate change, urbanization, convenience, and research and development. Key trends for this period entail consumer education, research and innovation, culinary diversity, as well as gluten-free and allergen-friendly foods.

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What Are the High-Growth Segments in the Millets Market?
The millets market covered in this report is segmented -

1) By Product Type: Pearl Millet, Foxtail Millet, Sorghum, Finger Millet, Other Products
2) By Distribution Channel: Trade Associations, Super markets, Grocery Stores, Online Platforms, Other Distribution Channels
3) By End Use: Ready To Eat Food, Direct Consumption, Bakery Products, Alcoholic Beverages, Non-Alcoholic Beverages, Breakfast Foods, Fodder

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What Key Drivers Are Expected to Influence Future Millets Market Growth?
The surge in the number of obesity-related issues is projected to fuel the maturation of the millets market. This refers to health complications that arise as a result of an excess amount of body fat. These disorders surface when the body is unable to eliminate body fat through physical activity or exercise. Filled with vital vitamins and minerals, millets can enhance general health and well-being, as well as assist in weight control and taking down obesity-related diseases. For example, the World Obesity Atlas 2022, a publication of World Obesity Federation - a not-for-profit organization based in the UK, states that worldwide, by 2030, there will be a billion people, including one in every five women and one in every seven men, living with obesity. This will reach 4 billion people, constituting 51% of the world's population, either overweight or obese by 2035. It's due to this rise in obesity-related issues that the millet market's growth is being fueled. Millets Market Driver: Escalating Demand For Plant-Based Foods Drives The Growth of The Millet Market

Which Companies Hold the Largest Share Across Different Millets Market Segments?
Major companies operating in the millets market are Cargill Inc., Nestle S.A., Archer Daniels Midland Company, Bayer Crop Science AG, E.I. DuPont De Nemours and Company, Glanbia Nutritionals Inc., Warburtons Ltd., Bobs Red Mill UK Ltd., Bay State Milling Company, Grain Millers Inc., Woodland Foods, Eden Foods Inc., Sresta Natural Bioproducts Pvt. Ltd., Ernst Conservation Seeds, Sydler India Pvt. Ltd., Brett-Young Seeds Limited, Minn-Dak Growers Ltd., Wise Seed Company Inc., Avena Foods Limited, Roundstone Native Seed Company, To Your Health Sprouted Flour Co., Dharani FaMCooP Ltd., Nature's Logic, Arrowhead Mills Inc., Navan Foods LLC, Mayoora Foods LLC.

What Trends Are Driving Growth in The Millets Market?
Firms involved in the millet market are capitalizing and uncovering possibilities in the food sector to create or endorse products that help maintain their market stance. Involved commitment towards millets is crucial to facilitate market evolution, tackle climate and hunger issues, and emphasize the health advantages of millets. For instance, Wholsum Foods Pvt. Ltd., an Indian food startup, garnered $7 million in February 2022 to broaden its millet-centric product range. This funding will propel Wholsum Foods towards its goal of rendering millets more approachable and attractive to customers. Additionally, in March 2023, Ivar Agro, another food startup from India, allocated 27.5 million (200 crores) to initiate a millet-based food products venture in Uttarakhand. The project, expected to finish by 2024, will boast a monthly production capability of 1,000 metric tons of various millet products like biscuits, cookies, and flour.

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What Are the Emerging Geographies for The Millets Market Growth?
Asia-Pacific was the largest region in the millets market in 2024. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in millets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Millets Market?
2. What is the CAGR expected in the Millets Market?
3. What Are the Key Innovations Transforming the Millets Industry?
4. Which Region Is Leading the Millets Market?

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